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Zacks News
Here's Why Hold Strategy is Apt for Cenovus (CVE) Stock Now
by Zacks Equity Research
Cenovus (CVE) expects to continue progressing on debt reduction throughout 2023.
Here's Why You Must Invest in Enterprise Products (EPD) Stock Now
by Zacks Equity Research
Enterprise Products (EPD) boasts a stable business model and is not significantly exposed to the volatility in oil and gas prices.
Oil Prices May Have Found a Floor: 3 Top-Ranked Oil and Gas Stocks for the Next Rally
by Ethan Feller
Significant underinvestment into oil and gas infrastructure over the last ten years has created a structural shortage in new supply
Cenovus (CVE) Resumes Wildfire-Impacted Production in Alberta
by Zacks Equity Research
Cenovus (CVE) cites that about 20,000-Boe/d Rainbow Lake operations are expected to restart production in 7-10 days.
Halliburton (HAL) Launches Diskos 2.0 for Norwegian Directorate
by Zacks Equity Research
Halliburton (HAL) upgrades National Data Repository with Diskos 2.0 launch. The upgraded system is the industry's first fully cloud-native National Data Repository implementation.
Enbridge (ENB) Reduces Mainline Rates, Sparks Price War
by Zacks Equity Research
Enbridge's (ENB) move to slash rates charged to producers for shipping crude fosters a price war on pipelines in Canada.
Shell (SHEL) Division & Idekapital Invest $90M in Kongsberg
by Zacks Equity Research
Shell's (SHEL) division, along with Idekapital, invests $90 million in Kongsberg Digital, an industrial software firm.
ExxonMobil (XOM) Plans to Double US Shale Output in 5 Years
by Zacks Equity Research
ExxonMobil (XOM) currently recovers about 10% of shale resources from its operations.
Here's Why Hold Strategy is Apt for BP Shares Right Now
by Zacks Equity Research
BP is planning to repurchase $1.75 billion in shares before declaring the results for the June-end quarter.
ExxonMobil Signs Deal to Capture Carbon From Nucor's Plant
by Zacks Equity Research
ExxonMobil (XOM) will capture up to 800,000 metric tons of CO2 per annum from Nucor's (NUE) facility and store the same at its Louisiana facility.
Suncor (SU) to Cut 1500 Jobs to Improve Financial Performance
by Zacks Equity Research
Suncor (SU) is set to cut 1500 jobs by the end of the year in an attempt to reduce expenses and address its sluggish financial performance.
Kinder Morgan (KMI) Announces Texas Facility Capacity Expansion
by Zacks Equity Research
Kinder Morgan (KMI) enters into an agreement with Underground Services Markham for the working gas storage capacity expansion of its Markham facility.
Reasons Why Retain Strategy is Apt for SLB Stock Right Now
by Zacks Equity Research
Higher upstream operations will likely increase demand for well construction and completion activities, which is beneficial for SLB.
Why Hold Strategy is Apt for Callon Petroleum (CPE) Stock Now
by Zacks Equity Research
Being a leading exploration and production company, Callon Petroleum (CPE) is well-positioned to capitalize on handsome crude prices.
Sunoco LP (SUN) Down 4% Since Last Earnings Report: Can It Rebound?
by Zacks Equity Research
Sunoco LP (SUN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Equinor (EQNR) Defers Bay du Nord Oil Project Offshore Canada
by Zacks Equity Research
Equinor (EQNR) and partners will postpone the Bay du Nord project to enhance project robustness despite volatile market conditions.
Eni (E) Signs Agreement With RINA to Aid Decarbonization
by Zacks Equity Research
Eni (E) and RINA sign an agreement to co-develop projects that will aid in the decarbonization of their respective operations, particularly maritime transportation.
SLB Expects Revenues to Increase Handsomely Through 2025
by Zacks Equity Research
SLB is confident its overall operations will continue to grow, banking on its technology differentiation and integration capability.
Pembina (PBA) Signs MoA With Marubeni for Low-Carbon Project
by Zacks Equity Research
Pembina (PBA) and the Marubeni Corporation of Japan sign a memorandum of agreement to co-develop a low-carbon ammonia supply chain.
Here's Why Hold Strategy is Apt for Equinor (EQNR) Stock Now
by Zacks Equity Research
Equinor (EQNR) is expecting oil and gas production growth of 3% for 2023.
Talos (TALO) Announces Zama's Stake in Its Mexican Subsidiary
by Zacks Equity Research
Talos' (TALO) subsidiary Talos Mexico shells out a 49.9% stake to Zamajal, a wholly owned subsidiary of Grupo Carso.
ExxonMobil (XOM) Selects Four Firms to Divest Adriatic Assets
by Zacks Equity Research
ExxonMobil (XOM) is considering divesting its majority stake in Adriatic LNG as part of plans to offload non-core assets to focus on more lucrative prospects.
Here's Why Retain Strategy is Apt for Range Resources (RRC)
by Zacks Equity Research
In Appalachia, Range Resources (RRC) boasts decades of low-risk drilling inventory, brightening its production outlook
ConocoPhillips (COP) to Buy Remaining Stake in Surmont Facility
by Zacks Equity Research
Gaining control of Surmont's production will help ConocoPhillips (COP) reach its goal of returning $11 billion in cash to shareholders in 2023.
Shell (SHEL) Extends Deepsea Bollsta Drilling Rig Contract
by Zacks Equity Research
Shell's (SHEL) subsidiary, Shell Namibia, extends its contract with offshore drilling contractor Northern Ocean, for its Namibia operations.