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BP's rapid resurgence initiates the resumption of offshore oil operations in Azerbaijan's Caspian Sea before schedule, showcasing prowess in energy sector resilience.
Eni (E) charts a new course as it considers using an innovative satellite model to spin off oil and gas projects to propel the transition to low-carbon energy solutions worldwide.
Amid concerns over cyclical fluctuations in the energy sector, dividends are flourishing. We delve into the recent payout increases from MUSA, TRGP, CVE and PSX.
In its weekly release, Baker Hughes (BKR) reports that the total count of oil rigs in the United States declined, but the count for natural gas increased.
USA Compression (USAC) anticipates distributable cash flow, adjusted EBITDA and net income in the range of $340-$360 million, $555-$575 million and $95-$115 million, respectively, for 2024.
Suncor Energy (SU) expects capital expenditures in the band of C$6.3-C$6.5 billion and production in the range of 770,000-810,000 boe/d for full-year 2024.
Ovintiv (OVV) expects capital expenditures in the range of $2.2-$2.4 billion for full-year 2024 and in the band of $610-$650 million for the second quarter of the year.
Delek (DK) expects capital expenditures of approximately $330 million, including $220 million for Refining and $70 million for Logistics, for full-year 2024.
GeoPark's (GPRK) offtake agreement with Vitol outlines the sale and delivery of a minimum of 20,000 barrels of oil per day from Llanos 34 Block in Colombia.
Seadrill's (SDRL) West Capella drillship wins a one-well contract in South Korea and West Neptune drillship secures a contract extension in the U.S. Gulf of Mexico.
Repsol's (REPYY) sale also encompasses partial interests in the Horseshoe and Quokka fields, enhancing the attractiveness of this investment opportunity.
Strict capital discipline by upstream energy companies is acting as a dampener, thereby making the outlook for the Zacks Oil and Gas- Field Services industry gloomy. SLB, HAL, BKR and SND are expected to survive the industry challenges.
Nextracker's (NXT) fiscal Q4 results are likely to reflect the benefits of solid contract bookings and product demand amid the impacts of higher R&D expenses.
oil-energy: Archive
Kinetik (KNTK) to Expand Operations in North Delaware Basin
by Zacks Equity Research
Kinetik's (KNTK) acquisition of Durango doubles its gathering pipeline mileage and expands processing capacity by 420 MMcf/d.
HESNegative Net Change ENegative Net Change SMPositive Net Change KNTKPositive Net Change
energy oil-energy
BP Resumes Caspian Sea Oil Production Ahead of Schedule
by Zacks Equity Research
BP's rapid resurgence initiates the resumption of offshore oil operations in Azerbaijan's Caspian Sea before schedule, showcasing prowess in energy sector resilience.
BPNegative Net Change HESNegative Net Change SMPositive Net Change MTDRPositive Net Change
energy oil-energy
Eni (E) Explores Oil and Gas Spin-offs for Green Investments
by Zacks Equity Research
Eni (E) charts a new course as it considers using an innovative satellite model to spin off oil and gas projects to propel the transition to low-carbon energy solutions worldwide.
HESNegative Net Change ENegative Net Change SMPositive Net Change MTDRPositive Net Change
energy oil-energy
ExxonMobil (XOM) Bolsters Egypt Offshore Exploration Ties
by Zacks Equity Research
ExxonMobil (XOM) will retain a 60% working interest in the Masry and Cairo concessions, while QatarEnergy will hold a 40% stake in the agreement.
XOMNegative Net Change HESNegative Net Change SMPositive Net Change ECPositive Net Change
energy oil-energy
4 Energy Companies That Recently Pumped Up Their Dividends
by Nilanjan Choudhury
Amid concerns over cyclical fluctuations in the energy sector, dividends are flourishing. We delve into the recent payout increases from MUSA, TRGP, CVE and PSX.
CVENegative Net Change MUSANegative Net Change PSXNegative Net Change TRGPPositive Net Change
energy oil-energy
Total US Drilling Rig Tally Declines: Here's What It Means
by Nilanjan Banerjee
In its weekly release, Baker Hughes (BKR) reports that the total count of oil rigs in the United States declined, but the count for natural gas increased.
BKRPositive Net Change FANGNegative Net Change MTDRPositive Net Change
oil-energy
USA Compression (USAC) Q1 Earnings & Revenues Top Estimates
by Zacks Equity Research
USA Compression (USAC) anticipates distributable cash flow, adjusted EBITDA and net income in the range of $340-$360 million, $555-$575 million and $95-$115 million, respectively, for 2024.
SLBNegative Net Change VLONo Net Change USACPositive Net Change MGYPositive Net Change
earnings energy oil-energy
Suncor Energy (SU) Q1 Earnings Rise Y/Y, Sales Top Estimates
by Zacks Equity Research
Suncor Energy (SU) expects capital expenditures in the band of C$6.3-C$6.5 billion and production in the range of 770,000-810,000 boe/d for full-year 2024.
SLBNegative Net Change VLONo Net Change SUNegative Net Change MGYPositive Net Change
earnings energy oil-energy
New Strong Buy Stocks for May 14th
by Zacks Equity Research
MPC, HMY, AVO, DXPE and ITRI have been added to the Zacks Rank #1 (Strong Buy) List on May 14, 2024.
ITRIPositive Net Change HMYPositive Net Change MPCNegative Net Change DXPEPositive Net Change AVOPositive Net Change
computers consumer-staples gold industrial-products oil-energy
W&T Offshore (WTI) Q1 Earnings Lag Estimates on Lower Prices
by Zacks Equity Research
Lower realized prices for oil-equivalent production hurt W&T Offshore's (WTI) earnings in Q1.
HESNegative Net Change SMPositive Net Change WTIPositive Net Change ECPositive Net Change
earnings energy oil-energy
Enbridge (ENB) Q1 Earnings Beat Estimates, Revenues Fall Y/Y
by Zacks Equity Research
Enbridge's (ENB) first-quarter earnings primarily benefit from increased contributions across all segments.
HESNegative Net Change SMPositive Net Change ENBNegative Net Change MTDRPositive Net Change
earnings energy oil-energy
Ovintiv (OVV) Q1 Earnings Beat Estimates, Revenues Miss
by Zacks Equity Research
Ovintiv (OVV) expects capital expenditures in the range of $2.2-$2.4 billion for full-year 2024 and in the band of $610-$650 million for the second quarter of the year.
SLBNegative Net Change VLONo Net Change MGYPositive Net Change OVVNegative Net Change
earnings energy oil-energy
Delek (DK) Q1 Loss Narrower Than Expected, Sales Decline Y/Y
by Zacks Equity Research
Delek (DK) expects capital expenditures of approximately $330 million, including $220 million for Refining and $70 million for Logistics, for full-year 2024.
SLBNegative Net Change VLONo Net Change DKPositive Net Change MGYPositive Net Change
earnings energy oil-energy
Why You Should Keep an Eye on BP Despite Q1 Earnings Miss
by Zacks Equity Research
Despite the weak results, BP expects its reported and underlying upstream production to be slightly higher this year.
BPNegative Net Change CVXNegative Net Change XOMNegative Net Change
oil-energy
Natural Gas Sees Weekly Gain on EIA Report, Summer Forecasts
by Nilanjan Choudhury
With natural gas price action remaining volatile, we recommend investors to hold onto companies with strong fundamentals, such as CTRA and LNG.
CHKPositive Net Change EQTPositive Net Change LNGPositive Net Change CTRAPositive Net Change
energy oil-energy
GeoPark's (GPRK) Offtake Pact With Vitol Expands Funding Access
by Zacks Equity Research
GeoPark's (GPRK) offtake agreement with Vitol outlines the sale and delivery of a minimum of 20,000 barrels of oil per day from Llanos 34 Block in Colombia.
HESNegative Net Change ENegative Net Change SMPositive Net Change GPRKPositive Net Change
energy oil-energy
Murphy (MUSA) Q1 Earnings Miss on Weak Margins, Product Sales
by Zacks Equity Research
In the first quarter, Murphy USA (MUSA) bought back shares worth $86.9 million.
VLONo Net Change MUSANegative Net Change MPCNegative Net Change PSXNegative Net Change
earnings energy oil-energy
Zacks Industry Outlook Highlights SLB, Halliburton, Baker Hughes and Smart Sand
by Zacks Equity Research
SLB, Halliburton, Baker Hughes and Smart Sand have been highlighted in this Industry Outlook article.
SLBNegative Net Change HALPositive Net Change BKRPositive Net Change SNDNegative Net Change
oil-energy
New Strong Sell Stocks for May 13th
by Zacks Equity Research
AESI, AEG and ADNT have been added to the Zacks Rank #5 (Strong Sell) List on May 13, 2024.
AEGPositive Net Change ADNTPositive Net Change AESIPositive Net Change
auto-tires-trucks insurance oil-energy
Chevron's (CVX) Gorgon LNG Facility Faces Production Disruption
by Zacks Equity Research
Chevron (CVX) states that it is working to repair the fault and the process may take several weeks. This may affect the exports from the facility.
CVXNegative Net Change HESNegative Net Change ENegative Net Change SMPositive Net Change
energy oil-energy
Seadrill (SDRL) Announces New Contracts for Two Drillships
by Zacks Equity Research
Seadrill's (SDRL) West Capella drillship wins a one-well contract in South Korea and West Neptune drillship secures a contract extension in the U.S. Gulf of Mexico.
HESNegative Net Change ENegative Net Change SMPositive Net Change SDRLPositive Net Change
energy oil-energy
Repsol (REPYY) Explores Minority Stake Sale in Alaska Oilfields
by Zacks Equity Research
Repsol's (REPYY) sale also encompasses partial interests in the Horseshoe and Quokka fields, enhancing the attractiveness of this investment opportunity.
COPNegative Net Change SMPositive Net Change ECPositive Net Change REPYYNegative Net Change
earnings oil-energy
Why You Should Buy Valero Energy (VLO) After Q1 Earnings Beat
by Zacks Equity Research
Valero's (VLO) premium refining operations are resilient, even when the business operating environment is carbon-constrained.
CVXNegative Net Change XOMNegative Net Change VLONo Net Change SHELNegative Net Change
oil-energy
4 Oilfield Services Stocks Set to Escape Industry Weakness
by Nilanjan Banerjee
Strict capital discipline by upstream energy companies is acting as a dampener, thereby making the outlook for the Zacks Oil and Gas- Field Services industry gloomy. SLB, HAL, BKR and SND are expected to survive the industry challenges.
SLBNegative Net Change HALPositive Net Change BKRPositive Net Change SNDNegative Net Change
oil-energy
Nextracker (NXT) to Report Q4 Earnings: What's in the Cards?
by Zacks Equity Research
Nextracker's (NXT) fiscal Q4 results are likely to reflect the benefits of solid contract bookings and product demand amid the impacts of higher R&D expenses.
FSLRNegative Net Change ENPHPositive Net Change SEDGPositive Net Change NXTNegative Net Change
earnings oil-energy