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Shell's (SHEL) sale of its refinery and petrochemical assets can be linked with its plan to lower its overall carbon footprint while also focusing on its most profitable ventures.
ExxonMobil's (XOM) Liza Unity FPSO achieves peak production of 252K bbl/day, paving the way for Guyana to become Latin America's second-largest oil producer after Brazil.
Crescent Point (CPG) mentions that the assets have minimal influence on its future plans, and divesting them will allow it to concentrate on its key priorities.
Per the deal, Equinor (EQNR) will pay Standard Lithium $30 million to cover past expenses related to the projects proportional to the acquired interest.
Petrobras (PBR) beat the Zacks Consensus Estimate in two of the last four quarters and missed in the other two, which resulted in an earnings surprise of 2.8%, on average.
Williams (WMB) expects adjusted EBITDA in the range of $6.8-$7.1 billion in the top half of 2024 and growth capex in the band of $1.45-$1.75 billion for 2024.
Shell (SHEL) cites its shift toward refocusing on its profitable ventures, including those associated with traditional fossil fuels, as the reason for its withdrawal from China's power business.
For 2024, Diamondback Energy (FANG) continues to maintain a capital spending budget between $2.30 billion and $2.55 billion and looks to pump around 458,000-466,000 BOE/d of hydrocarbon.
ExxonMobil (XOM) employees in Brussels take to the streets, resisting the company's move to relocate trading operations to London. Job cuts loom large as tensions rise.
Canadian Natural Resources (CNQ) expects a production increase to 1,455 MBOE/d by the end of 2024, prioritizing the augmentation of thermal and oil sands mining output at 724,000-743,000 barrels per day.
Today we explore how to find Zacks Rank #1 (Strong Buy) stocks with proven track records of efficiently generating profits that investors might want to buy in May.
Southern's (SO) Vogtle Unit-4 can generate enough electricity to power 500,000 homes and businesses and provide reliable and emissions-free energy for at least 60-80 years.
Baker Hughes (BKR) clinches a contract with Aramco to provide gas technology for the Master Gas System Phase 3, enhancing the Kingdom's domestic gas distribution network and contributing to emissions reduction.
TC Energy (TRP) expects capital expenditures and comparable EBITDA to be in the band of C$8.0-C$8.5 billion and C$11.2-C$11.5 billion, respectively, for 2024.
Sitio Royalties (STR) beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, resulting in an earnings surprise of 155.6%, on average.
ExxonMobil (XOM) is moving forward with the LNG project. It expects the project to enter a front-end engineering and design phase in the coming months.
Coterra Energy (CTRA) expects its budgeted capital spending to be between $1.75 billion and $1.95 billion for 2024. It also anticipates a discretionary cash flow of $3.1 billion and a free cash flow of $1.3 billion for the year.
energy: Archive
Shell (SHEL) to Sell Off Its Singapore Refinery and Other Assets
by Zacks Equity Research
Shell's (SHEL) sale of its refinery and petrochemical assets can be linked with its plan to lower its overall carbon footprint while also focusing on its most profitable ventures.
HESPositive Net Change EPositive Net Change SMPositive Net Change SHELPositive Net Change
energy oil-energy
ExxonMobil (XOM) Liza Unity FPSO Hits Record Output in Guyana
by Zacks Equity Research
ExxonMobil's (XOM) Liza Unity FPSO achieves peak production of 252K bbl/day, paving the way for Guyana to become Latin America's second-largest oil producer after Brazil.
XOMPositive Net Change HESPositive Net Change VLOPositive Net Change EOGPositive Net Change
energy oil-energy
Crescent Point (CPG) Divests Non-Core Assets in Saskatchewan
by Zacks Equity Research
Crescent Point (CPG) mentions that the assets have minimal influence on its future plans, and divesting them will allow it to concentrate on its key priorities.
HESPositive Net Change EPositive Net Change SMPositive Net Change CPGPositive Net Change
energy oil-energy
Dril-Quip (DRQ) Q1 Earnings Decline Y/Y on Increased Costs
by Zacks Equity Research
Rising total costs and expenses led to Dril-Quip's (DRQ) weak first-quarter earnings.
DRQPositive Net Change HESPositive Net Change SMPositive Net Change ECPositive Net Change
earnings energy oil-energy
Equinor (EQNR) Buys Stake in Standard Lithium's Two Projects
by Zacks Equity Research
Per the deal, Equinor (EQNR) will pay Standard Lithium $30 million to cover past expenses related to the projects proportional to the acquired interest.
XOMPositive Net Change HESPositive Net Change SMPositive Net Change EQNRPositive Net Change
energy oil-energy
Will Petrobras (PBR) Report Q1 Earnings Beat on Output Gains?
by Zacks Equity Research
Petrobras (PBR) beat the Zacks Consensus Estimate in two of the last four quarters and missed in the other two, which resulted in an earnings surprise of 2.8%, on average.
PBRNo Net Change ANIPPositive Net Change NXTNegative Net Change
energy oil-energy
Williams (WMB) Q1 Earnings Beat Estimates, Revenues Miss
by Zacks Equity Research
Williams (WMB) expects adjusted EBITDA in the range of $6.8-$7.1 billion in the top half of 2024 and growth capex in the band of $1.45-$1.75 billion for 2024.
WMBPositive Net Change SLBPositive Net Change VLOPositive Net Change EOGPositive Net Change
earnings energy oil-energy
Cheniere Partners (CQP) Q1 Earnings Beat, Revenues Dip Y/Y
by Zacks Equity Research
Cheniere Partners' (CQP) Q1 earnings gain from higher LNG volumes loaded.
HESPositive Net Change SMPositive Net Change ECPositive Net Change CQPPositive Net Change
earnings energy oil-energy
Shell (SHEL) Exits China's Power Market, Focuses on Fossil Fuels
by Zacks Equity Research
Shell (SHEL) cites its shift toward refocusing on its profitable ventures, including those associated with traditional fossil fuels, as the reason for its withdrawal from China's power business.
HESPositive Net Change EPositive Net Change SMPositive Net Change SHELPositive Net Change
energy oil-energy
Sunoco (SUN) Beats on Q1 Earnings, Ups '24 Adjusted EBITDA View
by Zacks Equity Research
Sunoco's (SUN) first-quarter earnings and revenues beat estimates on the back of increased revenues from the fuel distribution and marketing segment.
HESPositive Net Change VLOPositive Net Change SUNNegative Net Change EOGPositive Net Change
earnings energy oil-energy
Diamondback (FANG) Q1 Earnings Beat Estimates as Output Jumps
by Zacks Equity Research
For 2024, Diamondback Energy (FANG) continues to maintain a capital spending budget between $2.30 billion and $2.55 billion and looks to pump around 458,000-466,000 BOE/d of hydrocarbon.
COPPositive Net Change MROPositive Net Change EQTPositive Net Change FANGPositive Net Change
earnings energy oil-energy
ExxonMobil (XOM) Trading Staff Opposes London Relocation Plan
by Zacks Equity Research
ExxonMobil (XOM) employees in Brussels take to the streets, resisting the company's move to relocate trading operations to London. Job cuts loom large as tensions rise.
XOMPositive Net Change HESPositive Net Change VLOPositive Net Change EOGPositive Net Change
energy oil-energy
Canadian Natural's (CNQ) Q1 Earnings Fall Y/Y, Sales Beat
by Zacks Equity Research
Canadian Natural Resources (CNQ) expects a production increase to 1,455 MBOE/d by the end of 2024, prioritizing the augmentation of thermal and oil sands mining output at 724,000-743,000 barrels per day.
SLBPositive Net Change VLOPositive Net Change EOGPositive Net Change CNQPositive Net Change
earnings energy oil-energy
How to Find Top-Ranked Stocks to Buy in May Generating Profits Efficiently
by Benjamin Rains
Today we explore how to find Zacks Rank #1 (Strong Buy) stocks with proven track records of efficiently generating profits that investors might want to buy in May.
WLDNPositive Net Change
construction energy
BP Misses Q1 Earnings Estimates, Expects 2024 Production Hike
by Zacks Equity Research
Lower realizations of commodity prices hurt BP's earnings in Q1.
BPPositive Net Change HESPositive Net Change SMPositive Net Change ECPositive Net Change
earnings energy oil-energy
Don't Sell & Go Away in May, Follow These 5 Strategies Instead
by Sweta Killa
Investors might consider several investment strategies to navigate the weak period more effectively, which could lead to a winning portfolio.
AMZNPositive Net Change EPDPositive Net Change AEMPositive Net Change PPCPositive Net Change LANCPositive Net Change
consumer-discretionary energy gold internet
Southern's (SO) Newest Reactor Begins Commercial Operations
by Zacks Equity Research
Southern's (SO) Vogtle Unit-4 can generate enough electricity to power 500,000 homes and businesses and provide reliable and emissions-free energy for at least 60-80 years.
SOPositive Net Change ATONegative Net Change MDUPositive Net Change ESPositive Net Change
energy utilities
Targa Resources (TRGP) Q1 Earnings Miss Estimates, Rise Y/Y
by Zacks Equity Research
Targa (TRGP) expects 2024 growth capital expenditures between $2.3 billion and $2.5 billion, with net maintenance capital spending of $225 million.
SLBPositive Net Change VLOPositive Net Change EOGPositive Net Change TRGPPositive Net Change
earnings energy oil-energy
Baker Hughes (BKR) Fuels Saudi Arabia's Gas Infrastructure
by Zacks Equity Research
Baker Hughes (BKR) clinches a contract with Aramco to provide gas technology for the Master Gas System Phase 3, enhancing the Kingdom's domestic gas distribution network and contributing to emissions reduction.
HESPositive Net Change VLOPositive Net Change EOGPositive Net Change BKRPositive Net Change
energy oil-energy
TC Energy (TRP) Q1 Earnings Increase Y/Y, Sales Beat Estimates
by Zacks Equity Research
TC Energy (TRP) expects capital expenditures and comparable EBITDA to be in the band of C$8.0-C$8.5 billion and C$11.2-C$11.5 billion, respectively, for 2024.
SLBPositive Net Change VLOPositive Net Change EOGPositive Net Change TRPPositive Net Change
earnings energy oil-energy
What Will Sitio Royalties' (STR) Q1 Earnings Unveil?
by Zacks Equity Research
Sitio Royalties (STR) beat the Zacks Consensus Estimate for earnings in three of the last four quarters and missed in the other, resulting in an earnings surprise of 155.6%, on average.
STRPositive Net Change ENBPositive Net Change ANIPPositive Net Change HPKPositive Net Change
energy oil-energy
ExxonMobil's (XOM) Optimism Forwards Rovuma LNG Project
by Zacks Equity Research
ExxonMobil (XOM) is moving forward with the LNG project. It expects the project to enter a front-end engineering and design phase in the coming months.
XOMPositive Net Change HESPositive Net Change EPositive Net Change SMPositive Net Change
energy oil-energy
These Secret Winners of the AI Boom are Flying Under the Radar
by Bryan Hayes
The artificial intelligence hype reaches far beyond big tech.
CEGPositive Net Change XLUPositive Net Change
artificial-intelligence dividend-investing dividends earnings energy etfs infrastructure investing utilities
Coterra Energy (CTRA) Q1 Earnings and Revenues Beat Estimates
by Zacks Equity Research
Coterra Energy (CTRA) expects its budgeted capital spending to be between $1.75 billion and $1.95 billion for 2024. It also anticipates a discretionary cash flow of $3.1 billion and a free cash flow of $1.3 billion for the year.
SLBPositive Net Change VLOPositive Net Change EOGPositive Net Change CTRAPositive Net Change
earnings energy oil-energy
Cenovus (CVE) Q1 Earnings Beat Estimates, Revenues Miss
by Zacks Equity Research
Cenovus' (CVE) Q1 earnings gain from higher contributions from the Oil Sands unit and lower expenses.
HESPositive Net Change VLOPositive Net Change EOGPositive Net Change CVEPositive Net Change
earnings energy oil-energy