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energy: Archive

Zacks Equity Research

Shell (SHEL) to Sell Off Its Singapore Refinery and Other Assets

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

Zacks Equity Research

ExxonMobil (XOM) Liza Unity FPSO Hits Record Output in Guyana

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

Zacks Equity Research

Crescent Point (CPG) Divests Non-Core Assets in Saskatchewan

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

Zacks Equity Research

Dril-Quip (DRQ) Q1 Earnings Decline Y/Y on Increased Costs

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

Zacks Equity Research

Equinor (EQNR) Buys Stake in Standard Lithium's Two Projects

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

Zacks Equity Research

Will Petrobras (PBR) Report Q1 Earnings Beat on Output Gains?

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

Zacks Equity Research

Williams (WMB) Q1 Earnings Beat Estimates, Revenues Miss

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

Zacks Equity Research

Cheniere Partners (CQP) Q1 Earnings Beat, Revenues Dip Y/Y

Cheniere Partners' (CQP) Q1 earnings gain from higher LNG volumes loaded.

HESPositive Net Change SMPositive Net Change ECPositive Net Change CQPPositive Net Change

Zacks Equity Research

Shell (SHEL) Exits China's Power Market, Focuses on Fossil Fuels

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

Zacks Equity Research

Sunoco (SUN) Beats on Q1 Earnings, Ups '24 Adjusted EBITDA View

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

Zacks Equity Research

Diamondback (FANG) Q1 Earnings Beat Estimates as Output Jumps

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

Zacks Equity Research

ExxonMobil (XOM) Trading Staff Opposes London Relocation Plan

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

Zacks Equity Research

Canadian Natural's (CNQ) Q1 Earnings Fall Y/Y, Sales Beat

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

Benjamin Rains

How to Find Top-Ranked Stocks to Buy in May Generating Profits Efficiently

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

Zacks Equity Research

BP Misses Q1 Earnings Estimates, Expects 2024 Production Hike

Lower realizations of commodity prices hurt BP's earnings in Q1.

BPPositive Net Change HESPositive Net Change SMPositive Net Change ECPositive Net Change

Sweta Killa

Don't Sell & Go Away in May, Follow These 5 Strategies Instead

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

Zacks Equity Research

Southern's (SO) Newest Reactor Begins Commercial Operations

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

Zacks Equity Research

Targa Resources (TRGP) Q1 Earnings Miss Estimates, Rise Y/Y

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

Zacks Equity Research

Baker Hughes (BKR) Fuels Saudi Arabia's Gas Infrastructure

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

Zacks Equity Research

TC Energy (TRP) Q1 Earnings Increase Y/Y, Sales Beat Estimates

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

Zacks Equity Research

What Will Sitio Royalties' (STR) Q1 Earnings Unveil?

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

Zacks Equity Research

ExxonMobil's (XOM) Optimism Forwards Rovuma LNG Project

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

Zacks Equity Research

Coterra Energy (CTRA) Q1 Earnings and Revenues Beat Estimates

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

Zacks Equity Research

Cenovus (CVE) Q1 Earnings Beat Estimates, Revenues Miss

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