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Equinor's (EQNR) collaboration with SLB and Subsea7 is set to transform offshore exploration, unlocking vast reserves at Norway's Wisting and Canada's Bay du Nord fields.
Cheniere (LNG) expects consolidated adjusted EBITDA in the range of $5.5-$6 billion and distributable cash flow in the band of $2.9-$3.4 billion for full-year 2024.
Global Partners (GLP) beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two, resulting in an earnings surprise of 5.9%, on average.
EOG Resources' (EOG) Q1 earnings and revenues beat estimates owing to higher production volumes. The company also reports a decline in exploration costs during the quarter.
Following a careful analysis of the Zacks Oil and Gas - International E&P industry, we advise keeping a close tab on companies like HBRIY, EGY and CRNCY.
Oil prices may see a recovery in demand if global central banks start cutting rates by 2024-end, and if supply falls due to the replenishment of the US strategic petroleum reserve and continued OPEC+ output cuts. However, the growing thrust on clean energy is a negative for the long term.
PBF Energy (PBF) reports better-than-expected Q1 earnings on the back of increased throughput volumes and reduced total costs. However, lower margins have partially offset these gains.
SM Energy's (SM) Q1 earnings gain from declining hydrocarbon production expenses. This is partially offset by declining oil equivalent production volumes.
Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million.
ConocoPhillips' (COP) reports better-than-expected Q1 earnings on the back of higher oil equivalent production volumes. The positives are partially offset by lower average realized oil equivalent price.
Petrobras' (PBR) cites tensions in the Middle East as the reason behind disruptions in the maritime freight transport route, consequently altering the flows of its oil exports.
ProPetro (PUMP) expects effective fleet utilization of 14-15% for the second quarter. It also anticipates capital expenditures in the range of $200-$250 million for 2024.
Cactus' (WHD) Q1 earnings and revenues top estimates. The company expects a sequential decline in U.S. land activity levels in Q2, citing geopolitical uncertainty.
Marathon Oil (MRO) spends $503 million in capital and exploratory expenditures during the quarter and rakes in $$239 million in adjusted free cash flow.
While higher production expenses are likely to have hurt VAALCO Energy's (EGY) Q1 bottom line, impressive output growth might have aided its performance.
In Q1, Marathon Petroleum (MPC) spent $636 million on capital programs (46% on Refining & Marketing and 51% on the Midstream segment) compared to $690 million in the year-ago period.
energy: Archive
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
Equinor (EQNR) SLB & Subsea7 Join Forces for Offshore Projects
by Zacks Equity Research
Equinor's (EQNR) collaboration with SLB and Subsea7 is set to transform offshore exploration, unlocking vast reserves at Norway's Wisting and Canada's Bay du Nord fields.
SLBPositive Net Change HESPositive Net Change SUBCYPositive Net Change EQNRPositive Net Change
energy oil-energy
Cheniere (LNG) Q1 Earnings Decline Y/Y, Sales Beat Estimates
by Zacks Equity Research
Cheniere (LNG) expects consolidated adjusted EBITDA in the range of $5.5-$6 billion and distributable cash flow in the band of $2.9-$3.4 billion for full-year 2024.
SLBPositive Net Change VLOPositive Net Change EOGPositive Net Change LNGPositive Net Change
earnings energy oil-energy
What Will Global Partners' (GLP) Q1 Earnings Unveil?
by Zacks Equity Research
Global Partners (GLP) beat the Zacks Consensus Estimate for earnings in two of the last four quarters and missed in the other two, resulting in an earnings surprise of 5.9%, on average.
ENBNegative Net Change GLPPositive Net Change HPKPositive Net Change PRPositive Net Change
energy oil-energy
Southwestern (SWN) Q1 Earnings Miss on Lower Production
by Zacks Equity Research
Lower gas-equivalent production volumes and realized gas prices hurt Southwestern's (SWN) earnings in Q1.
HESPositive Net Change SWNPositive Net Change SMPositive Net Change ECPositive Net Change
earnings energy oil-energy
Eni (E) Misses on Q1 Earnings, Expects Higher '24 Production
by Zacks Equity Research
Lower natural gas price realization hurts Eni's (E) earnings in Q1.
HESPositive Net Change EPositive Net Change SMPositive Net Change ECPositive Net Change
earnings energy oil-energy
EOG Resources (EOG) Q1 Earnings Beat on Higher Production
by Zacks Equity Research
EOG Resources' (EOG) Q1 earnings and revenues beat estimates owing to higher production volumes. The company also reports a decline in exploration costs during the quarter.
HESPositive Net Change SUNPositive Net Change EOGPositive Net Change SMPositive Net Change
earnings energy oil-energy
U.S. Silica (SLCA) Enters an All-Cash Deal With Apollo Funds
by Zacks Equity Research
U.S. Silica (SLCA) announces that its shareholders will receive $15.50 in cash per share of common stock, following its acquisition by Apollo.
HESPositive Net Change SUNPositive Net Change SMPositive Net Change SLCAPositive Net Change
energy oil-energy
3 International Upstream Stocks Resilient to Industry Uncertainties
by Nilanjan Choudhury
Following a careful analysis of the Zacks Oil and Gas - International E&P industry, we advise keeping a close tab on companies like HBRIY, EGY and CRNCY.
HBRIYPositive Net Change EGYNegative Net Change CRNCYPositive Net Change
energy oil-energy
Where Could Oil Go From Here? ETFs in Focus
by Sanghamitra Saha
Oil prices may see a recovery in demand if global central banks start cutting rates by 2024-end, and if supply falls due to the replenishment of the US strategic petroleum reserve and continued OPEC+ output cuts. However, the growing thrust on clean energy is a negative for the long term.
USOPositive Net Change DBOPositive Net Change USLPositive Net Change BNOPositive Net Change OILKPositive Net Change
energy etfs
PBF Energy's (PBF) Q1 Earnings Beat on Higher Throughput
by Zacks Equity Research
PBF Energy (PBF) reports better-than-expected Q1 earnings on the back of increased throughput volumes and reduced total costs. However, lower margins have partially offset these gains.
VLOPositive Net Change EOGPositive Net Change SMPositive Net Change PBFPositive Net Change
earnings energy oil-energy
SM Energy (SM) Q1 Earnings Top Estimates, Revenues Decline Y/Y
by Zacks Equity Research
SM Energy's (SM) Q1 earnings gain from declining hydrocarbon production expenses. This is partially offset by declining oil equivalent production volumes.
HESPositive Net Change VLOPositive Net Change EOGPositive Net Change SMPositive Net Change
earnings energy oil-energy
Patterson-UTI (PTEN) Q1 Earnings and Sales Beat Estimates
by Zacks Equity Research
Patterson-UTI (PTEN) expects Completion Services revenues of $860 million for the second quarter, with direct operating costs of $690 million and adjusted gross profit of $170 million.
SLBPositive Net Change PTENPositive Net Change VLOPositive Net Change
earnings energy oil-energy
ConocoPhillips (COP) Q1 Earnings Beat on Higher Oil Volumes
by Zacks Equity Research
ConocoPhillips' (COP) reports better-than-expected Q1 earnings on the back of higher oil equivalent production volumes. The positives are partially offset by lower average realized oil equivalent price.
COPPositive Net Change EOGPositive Net Change SMPositive Net Change PBFPositive Net Change
earnings energy oil-energy
Petrobras' (PBR) Quarterly Production Grows, Oil Exports Fall
by Zacks Equity Research
Petrobras' (PBR) cites tensions in the Middle East as the reason behind disruptions in the maritime freight transport route, consequently altering the flows of its oil exports.
PBRNegative Net Change HESPositive Net Change SUNPositive Net Change SMPositive Net Change
energy oil-energy
ProPetro (PUMP) Q1 Earnings Beat Estimates, Revenues Fall Y/Y
by Zacks Equity Research
ProPetro (PUMP) expects effective fleet utilization of 14-15% for the second quarter. It also anticipates capital expenditures in the range of $200-$250 million for 2024.
XOMPositive Net Change SLBPositive Net Change VLOPositive Net Change PUMPPositive Net Change
earnings energy oil-energy
Cactus (WHD) Q1 Earnings Beat on Spoolable Technologies
by Zacks Equity Research
Cactus' (WHD) Q1 earnings and revenues top estimates. The company expects a sequential decline in U.S. land activity levels in Q2, citing geopolitical uncertainty.
EOGPositive Net Change SMPositive Net Change PBFPositive Net Change WHDPositive Net Change
earnings energy oil-energy
Marathon (MRO) Q1 Earnings Beat on Oil Price Improvement
by Zacks Equity Research
Marathon Oil (MRO) spends $503 million in capital and exploratory expenditures during the quarter and rakes in $$239 million in adjusted free cash flow.
CVXPositive Net Change SLBPositive Net Change MROPositive Net Change VLOPositive Net Change
earnings energy oil-energy
VAALCO's (EGY) Q1 Earnings Preview: Things to Consider
by Zacks Equity Research
While higher production expenses are likely to have hurt VAALCO Energy's (EGY) Q1 bottom line, impressive output growth might have aided its performance.
EGYNegative Net Change USACNegative Net Change OVVPositive Net Change PRPositive Net Change
energy oil-energy
Is LFRAX a Strong Bond Fund Right Now?
by Zacks Equity Research
MF Bond Report for LFRAX
LFRAXNo Net Change
bond energy mutual-funds
ExxonMobil (XOM) Negotiates Massive LNG Deal With Turkey
by Zacks Equity Research
ExxonMobil's (XOM) deal could significantly diversify and secure Turkey's energy mix, enhancing its status as a top global LNG supplier.
XOMPositive Net Change HESPositive Net Change SMPositive Net Change YPFNegative Net Change
energy oil-energy
Viper Energy (VNOM) Tops on Q1 Earnings, Expects '24 Output Hike
by Zacks Equity Research
Higher oil-equivalent production volumes aid Viper Energy's (VNOM) earnings in Q1.
HESPositive Net Change SMPositive Net Change YPFNegative Net Change VNOMPositive Net Change
earnings energy oil-energy
Why ConocoPhillips (COP) Might Surprise This Earnings Season
by Zacks Equity Research
ConocoPhillips (COP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
COPPositive Net Change
energy oil-energy
Marathon (MPC) Beats on Q1 Earnings, Approves $5B Buyback Again
by Zacks Equity Research
In Q1, Marathon Petroleum (MPC) spent $636 million on capital programs (46% on Refining & Marketing and 51% on the Midstream segment) compared to $690 million in the year-ago period.
HALPositive Net Change VLOPositive Net Change MPCPositive Net Change KMIPositive Net Change
earnings energy oil-energy
What Should You Do With Cheniere Energy (LNG) Pre Q1 Earnings?
by Zacks Equity Research
Cheniere Energy's (LNG) first-quarter earnings are forecast to drop 65.9% to $2.35 a share compared to $6.89 a share in Q1 2023.
COPPositive Net Change EOGPositive Net Change TRPNegative Net Change LNGPositive Net Change
energy oil-energy