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Zacks News
New Strong Sell Stocks for December 14th
by Zacks Equity Research
Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today
Big Oil's Big Asset Write Downs: Is More in the Offing?
by Nilanjan Choudhury
Oil majors including ExxonMobil (XOM), Chevron (CVX), Royal Dutch Shell (RDS.A), BP plc (BP) and TOTAL SE (TOT) have recorded some very large impairments in the recent past following the downward revision of oil and natural gas price outlooks.
Oil & Gas Stock Roundup: News From ExxonMobil, Repsol & Halliburton
by Nilanjan Choudhury
ExxonMobil (XOM) canceled plans to offload its interest in Australia's Bass Strait oil and gas assets, while Repsol (REPYY) and Halliburton (HAL) announced initiatives toward transition to a low-carbon future.
Repsol's (REPYY) Latest Strategies to Focus on Renewables
by Zacks Equity Research
Repsol (REPYY) outlines plans for the next five years, with an investment worth 18.3 billion euros.
Repsol (REPYY) Picks Axens Technology for Biofuels Plant
by Zacks Equity Research
Repsol (REPYY) selects Axens Vegan technology for its advanced biofuels production plant to effectively address environmental regulations.
Repsol (REPYY) Reveals Plans to Build Advanced Biofuel Plant
by Zacks Equity Research
Repsol (REPYY) announces plans to construct a production plant for advanced biofuels with an annual production capacity of 250,000 tons.
Petrobras Seals Natural Gas Transportation & Processing Deal
by Zacks Equity Research
The natural gas transportation and processing agreement will aggravate the competitive environment and curb Petrobras' (PBR) involvement in all aspects of the natural gas chain.
Here's Why BP Taps Hybrid Bond Market for the First Time
by Zacks Equity Research
The issuance of hybrid bond will fortify BP's financial footing.
Equinor (EQNR) Makes Oil Discovery in U.S. Gulf of Mexico
by Zacks Equity Research
Equinor (EQNR) encounters around 60 meters of net oil pay, which provides early indications of the productive reservoir in the U.S. Gulf of Mexico.
Repsol to Slash 2020 Capex Amid Current Market Uncertainty
by Zacks Equity Research
Repsol (REPYY) intends to maintain its July dividend payout. However, it might have to shelve the plan of share buyback of 5% of share capital.
The Zacks Analyst Blog Highlights: BP, Royal Dutch Shell, Repsol, Exxon Mobil and Chevron
by Zacks Equity Research
The Zacks Analyst Blog Highlights: BP, Royal Dutch Shell, Repsol, Exxon Mobil and Chevron
BP to Cut Emissions to Zero by 2050: US Majors to Follow Suit?
by Kaibalya Pravo Dey
Alongside environmental efforts, BP remains focused on increasing sustainable free cash flow and boosting shareholder returns in the long run.
Here's Why You Should Hold on to SM Energy (SM) Stock Now
by Zacks Equity Research
Given SM Energy's (SM) increasing focus on oil, specifically in the Permian and Eagle Ford regions, we believe that the company will be able to boost oil-weighted activity.
Eni Begins Production From Agogo Oilfield Offshore Angola
by Zacks Equity Research
Eni (E) starts production from the Agogo oilfield only nine months following its discovery, supported by operational synergies from FPSO Ngoma.
ExxonMobil (XOM) to Exit From Romanian Neptun Deep Project
by Zacks Equity Research
ExxonMobil (XOM) intends to advance the Neptun Deep offshore project, while the search for buyer is on.
Equinor Sets New Target to Cut Greenhouse Gas Emissions
by Zacks Equity Research
Equinor (EQNR) looks set to make the most of its strengths within innovation, technology and diversified industrial services to build feasible value chains.
ExxonMobil Eyes $3.4-$3.6B Gain From Norway Asset Divestment
by Zacks Equity Research
ExxonMobil's (XOM) gains from the Norwegian asset divestment can offset lower margins from chemicals and refining businesses.
Repsol Targets Net Zero Emissions By 2050, A First Ever Move
by Zacks Equity Research
Repsol (REPYY) is expected to incur post-tax impairment charge of almost 4.8 billion euros for re-evaluating some of its hydrocarbon assets under the Paris Agreement.
ExxonMobil to Divest GoM Assets to Repsol for Around $1B
by Zacks Equity Research
ExxonMobil (XOM) can use the proceeds from the divestment of GoM assets to focus on better opportunities in the Permian and offshore Guyana.
Shell Ships 1st LNG From Prelude, To Sell Martinez Refinery
by Zacks Equity Research
Being a significant project in Shell's (RDS.A) portfolio, Prelude FLNG is a path-breaking facility for the emergence of floating LNG.
Ecopetrol (EC) Eyes $2.4B Cost Cuts in the 2019-2023 Period
by Zacks Equity Research
Ecopetrol (EC) expects 71% of its cost savings to be generated from exploration and production activities.
Shell (RDS.A) & Gazprom Neft to Create West Siberian Oil JV
by Zacks Equity Research
Shell (RDS.A) is expected to receive a 50% stake in Gazprom Neft's subsidiary, Meretoyakhaneftegaz.
Eni Hits Oil for the 5th Time in Block 15/06 Offshore Angola
by Zacks Equity Research
Eni (E) expects the new discovery offshore Angola to hold 300-400 million barrels of light oil.
ExxonMobil GoM Asset Sale Reportedly Attracts Repsol & Ineos
by Zacks Equity Research
ExxonMobil's (XOM) GoM divestments will likely enable the company to focus on its prolific upstream assets globally.
Delek (DK) Posts Earnings Beat in Q1, Increases Dividend
by Zacks Equity Research
Delek US Holdings' (DK) Q1 results benefit from robust contribution from the refining segment on the back of favorable Midland differentials.