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Zacks News
Eni (E) Strikes Big With New Discovery in Sureste Basin
by Zacks Equity Research
Eni (E) announces a major oil and gas discovery in the Sureste Basin off Mexico, with an estimated 300-400 million barrels of oil equivalent. The finding might lead to a new production hub in the region.
Equinor (EQNR) Launches First of Five Wells Offshore Norway
by Zacks Equity Research
Equinor (EQNR) kicks off production from the first of five wells in its Norwegian Sea tie-back project, aiming to enhance efficiency and reduce emissions in the Norwegian Sea.
Clearway Energy (CWEN) Benefits From Focus on North America
by Zacks Equity Research
Clearway Energy (CWEN) is benefiting from its focus on North America and new renewable assets in its portfolio.
ConocoPhillips (COP) Challenges Biden's Arctic Drilling Ban
by Zacks Equity Research
ConocoPhillips (COP) has filed a lawsuit against the Biden administration over a new rule banning drilling on nearly half of Alaska's National Petroleum Reserve. The oil giant argues that the regulation prioritizes conservation over Congress's energy production mandate.
BP CEO Halts Offshore Wind Projects, Enacts Hiring Freeze
by Zacks Equity Research
BP's new CEO Murray Auchincloss has implemented a hiring freeze and paused new offshore wind projects, shifting the company's focus to oil and gas to address investor concerns over its energy transition strategy.
Chevron (CVX) Stock Barely Moves in a Month: An Opportunity?
by Nilanjan Choudhury
Chevron's (CVX) robust financial performance in Q1, with $5.5 billion in earnings and a free cash flow yield of over 5%, underscores its strong profitability and operational efficiency.
Eni (E) Targets Raising 4B Euros From Upstream Asset Sales
by Zacks Equity Research
Eni (E) aims to raise more than 4 billion euros from global upstream asset sales, part of a broader 8 billion euros disposal plan to support its shift toward sustainable energy.
New Strong Buy Stocks for July 1st
by Zacks Equity Research
EAT, APOG, DAKT, M and HES have been added to the Zacks Rank #1 (Strong Buy) List on July 1, 2024.
Transocean's (RIG) Asgard Secures $188M Deal Extension
by Zacks Equity Research
Transocean (RIG) secures a $188 million contract extension with Hess for Deepwater Asgard drillship in the U.S. Gulf of Mexico, reinforcing its offshore drilling leadership in harsh environments.
How to Find Strong Oils and Energy Stocks Slated for Positive Earnings Surprises
by Zacks Equity Research
The Zacks Earnings ESP is a great way to find potential earnings surprises. Why investors should take advantage now.
ExxonMobil's (XOM) Right of Refusal Halts Chevron-Hess Deal
by Zacks Equity Research
The delay stalls a decision on whether ExxonMobil (XOM) has a right of first refusal over Hess' lucrative Guyana operations.
Zacks.com featured highlights include G-III Apparel, RadNet and Hess
by Zacks Equity Research
G-III Apparel, RadNet and Hess are part of the Zacks Screen of the Week article.
Buy These 3 Momentum Stocks Backed by the Driehaus Strategy
by Tirthankar Chakraborty
G-III Apparel Group (GIII), RadNet (RDNT) and Hess (HES) have been selected as the momentum picks for the day using the Driehaus strategy.
ONEOK (OKE) Acquires Easton's NGL Pipeline System for $280M
by Zacks Equity Research
ONEOK (OKE) completes the acquisition of a system of natural gas liquids. This strategic acquisition provides immediate earnings and expands the company's natural gas liquids asset portfolio.
3 Reasons Why Growth Investors Shouldn't Overlook Hess (HES)
by Zacks Equity Research
Hess (HES) possesses solid growth attributes, which could help it handily outperform the market.
Hess (HES) Upgraded to Strong Buy: Here's Why
by Zacks Equity Research
Hess (HES) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Down -7.86% in 4 Weeks, Here's Why You Should You Buy the Dip in Hess (HES)
by Zacks Equity Research
Hess (HES) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Oil & Gas Stock Roundup: Mergers & Divestments Take Center Stage
by Nilanjan Choudhury
COP, MRO, FANG, HES and CHRD emerge as the energy headline makers during the week.
Hess (HES) Shareholders Approve Chevron Deal Amid Arbitration
by Zacks Equity Research
Hess (HES) shareholders approve a $53 billion merger with Chevron despite the ongoing legal dispute over Guyana's Stabroek block assets.
Big Oil Consolidation: Chevron Acquiring Hess - ConocoPhillips Acquiring Marathon Oil
by Shaun Pruitt
Consolidation among the oil and energy sector continues as Chevron (CVX) will be acquiring Hess (HES) in a deal valued at $53 billion while ConocoPhillips (COP) is set to acquire Marathon Oil (MRO) for $22.5 billion when including debt.
Company News for May 29, 2024
by Zacks Equity Research
Companies In The News Are: AAPL, GME, HES, CVX, AAL.
BP Halts Development Talks on Manakin-Cocuina Gas Project
by Zacks Equity Research
BP's interest in the region is part of its broader strategy to boost natural gas production in Trinidad, where it has witnessed a significant decline.
Hess (HES) Faces Legal Hurdles Over Chevron Deal Disclosures
by Zacks Equity Research
Hess (HES) faces three lawsuits alleging inadequate disclosures in its proposed $53 billion sale to Chevron, potentially delaying the strategic merger aimed at Guyana's offshore oil fields.
Is Hess (HES) a Solid Growth Stock? 3 Reasons to Think "Yes"
by Zacks Equity Research
Hess (HES) possesses solid growth attributes, which could help it handily outperform the market.
Here's Why Hold Strategy Is Apt for BP Shares Right Now
by Zacks Equity Research
BP's focus on operational efficiency and cost management is set to yield at least $2 billion in cash cost savings by the end of 2026.