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Zacks News
BP and Orlen Reach Crude Supply Agreement for Polish Ports
by Zacks Equity Research
BP secures a major crude supply deal with Orlen, providing 6 million metric tons of oil from its Norwegian fields. The first deliveries under the agreement are slated to begin in September.
Eni (E) Begins Gas Production From Major Argo Cassiopea Project
by Zacks Equity Research
Eni (E) starts gas production at the Argo Cassiopea field in Sicily, a project expected to supply up to 1.5 billion cubic meters of gas annually, marking a key step in Italy's energy strategy.
Shell (SHEL) Approves Waterflood Project to Boost Output at Vito
by Zacks Equity Research
Shell (SHEL) believes that the waterflood project will contribute to additional production of high-margin, lower-carbon barrels and maximize the potential of the Vito field.
SLB Expands Russian Operations Despite Competitor Withdrawal
by Zacks Equity Research
Following Russia's invasion of Ukraine, SLB is expanding its Russian operations, signing new contracts and recruiting staff despite Western competitors exiting the market.
Spotify and H&E Equipment have been highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
Spotify and H&E Equipment have been highlighted as Zacks Bull and Bear of the Day.
TC Energy (TRP) Concludes Sale of Natural Gas Assets Worth $1B
by Zacks Equity Research
TC Energy (TRP) states that the sale of the Portland Natural Gas Transmission System is part of its commitment to deliver $3 billion in asset divestitures.
BP Presses FERC on Venture Global's LNG Plant Startup Delay
by Zacks Equity Research
BP tells U.S. regulators that Venture Global's Calcasieu Pass LNG facility does not require more time for its official startup, challenging the developer's delay in fulfilling long-term contracts while gaining from spot sales.
ExxonMobil's (XOM) Seventh Guyana Oil Project Set for 2025
by Zacks Equity Research
ExxonMobil's (XOM) seventh offshore oil project in Guyana, Hammerhead, is expected to increase its production capacity by 180,000 bpd, with the development plan set for early 2025.
Chevron (CVX) to Pay $550M Settlement Over Richmond Refinery
by Zacks Equity Research
Chevron (CVX) agrees to pay $550 million over 10 years as a settlement to Richmond City Council for withdrawing a proposed tax on its Richmond refinery.
Don't Ignore These 3 Large-Cap Energy Stocks Yielding Over 4%
by Nilanjan Choudhury
Large-cap companies The Williams Companies (WMB), Chevron (CVX) and Canadian Natural Resources (CNQ) present an opportunity for long-term stability and reliable returns in the energy space.
MPLX or WMB: Which Is the Better Value Stock Right Now?
by Zacks Equity Research
MPLX vs. WMB: Which Stock Is the Better Value Option?
BP, Golar LNG Settle Payment Dispute & Expedite FLNG Operations
by Zacks Equity Research
BP and Bermuda-based Golar LNG have resolved a payment dispute over the FLNG Gimi, slated to operate at the Greater Tortue Ahmeyim project off Mauritania and Senegal. The agreement is aimed at accelerating the first LNG production, expected in Q4 2024.
ExxonMobil (XOM) Lays Off 59 Workers Post Pioneer Merger
by Zacks Equity Research
ExxonMobil (XOM) has issued layoff notices to 59 employees following its $60-billion acquisition of Pioneer Natural Resources. The move is part of the company's strategic workforce reshuffle as it integrates Pioneer's assets and personnel.
Is SM Energy (SM) Stock Outpacing Its Oils-Energy Peers This Year?
by Zacks Equity Research
Here is how SM Energy (SM) and Williams Companies, Inc. (The) (WMB) have performed compared to their sector so far this year.
Williams (WMB) Q2 Earnings Beat Estimates, Revenues Lag
by Zacks Equity Research
Williams (WMB) expects its Adjusted EBITDA for 2024 to fall within the upper half of its guided range of $6.8 billion to $7.1 billion, with growth capex projected between $1.45 billion and $1.75 billion.
Williams Companies, Inc. (The) (WMB) Beats Q2 Earnings Estimates
by Zacks Equity Research
The Williams Companies (WMB) delivered earnings and revenue surprises of 10.26% and 10.72%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
What's in Store for Newpark Resources (NR) in Q2 Earnings?
by Zacks Equity Research
Newpark Resources (NR) is likely to have experienced reduced demand for its services in Q2 due to decreased drilling activities, and lower spending on upstream activities by explorers and producers.
Enbridge (ENB) Misses Q2 Earnings Estimates
by Zacks Equity Research
Enbridge (ENB) delivered earnings and revenue surprises of -6.67% and 93.51%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
Vitesse Energy (VTS) to Report Q2 Earnings: What's in Store?
by Zacks Equity Research
A decline in natural gas prices and higher capex are likely to have affected Vitesse Energy's (VTS) earnings in Q2.
Pembina Pipeline (PBA) Earnings Expected to Grow: Should You Buy?
by Zacks Equity Research
Pembina Pipeline (PBA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Williams' (WMB) Pipeline Project Worth $1B Suffers Legal Setback
by Zacks Equity Research
Williams (WMB) plans to address the concerns raised by the D.C. Court of Appeals regarding the Regional Energy Access expansion project.
How to Boost Your Portfolio with Top Oils and Energy Stocks Set to Beat Earnings
by Zacks Equity Research
Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP.
Earnings Preview: Williams Companies, Inc. (The) (WMB) Q2 Earnings Expected to Decline
by Zacks Equity Research
The Williams Companies (WMB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Expro Group Holdings (XPRO) Q2 Earnings Meet Estimates
by Zacks Equity Research
Expro Group Holdings (XPRO) delivered earnings and revenue surprises of 0% and 12.03%, respectively, for the quarter ended June 2024. Do the numbers hold clues to what lies ahead for the stock?
ONEOK (OKE) Reveals Plans to Expand Pipeline, To Connect Denver
by Zacks Equity Research
ONEOK (OKE) reveals plans to expand its pipeline capacity, thus indicating growing demand for refined products and renewable fuels in Denver.