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Zacks News
ExxonMobil (XOM) to Develop DAC Technology to Capture CO2
by Zacks Equity Research
The development of the DAC technology could potentially leverage ExxonMobil's (XOM) expertise in CCS.
Oil Price Stays Elevated Despite Fed's Interest Rate Warning
by Nilanjan Choudhury
With oil revolving around $90 a barrel, it would be prudent to add energy stocks like Solaris Oilfield Infrastructure (SOI), CVR Energy (CVI) and Helix Energy Solutions Group (HLX).
Equinor's (EQNR) Troll A Resumes Production After Maintenance
by Zacks Equity Research
Equinor (EQNR) takes a significant step toward restoring gas market stability with Norway's Troll A, which is back in business post a planned maintenance outage.
Enbridge (ENB) Looking to Increase Mainline Pipeline Capacity
by Zacks Equity Research
Enbridge (ENB) will consider advancing the expansion plans only after the government-owned TMX project becomes operational.
ExxonMobil (XOM) Commences Baytown Chemical Unit Production
by Zacks Equity Research
The two units will enable ExxonMobil (XOM) to meet the increasing demand for plastics and various other chemicals.
BP Appoints Kate Thomson as Interim CFO in Leadership Reshuffle
by Zacks Equity Research
Kate Thomson, who has been serving BP for nearly two decades, steps in as the new interim CFO post the controversial exit of Looney.
Equinor's (EQNR) Johan Castberg Cost Estimate Rises NOK 13BN
by Zacks Equity Research
Equinor's (EQNR) Johan Castberg project stands profitable at oil prices exceeding $35 per barrel, despite facing another NOK 13 billion cost rise.
ExxonMobil (XOM) Sees Growing Global Demand for Oil and Gas
by Zacks Equity Research
ExxonMobil (XOM) intends to continue supplying customers with fossil fuel products to meet the ongoing demand.
Here's Why Hold Strategy is Apt for ConocoPhillips (COP) Now
by Zacks Equity Research
Favorable oil price is aiding ConocoPhillips' (COP) bottom line. However, increasing production and operating expenses are hurting it.
Equinor (EQNR) Submits Development Plan for Eirin Gas Field
by Zacks Equity Research
The latest development will involve installing subsea equipment, which will be connected to Equinor's (EQNR) Gina Krog platform.
Oil States (OIS) Wins Contract for Proprietary Deepsea System
by Zacks Equity Research
Oil States International (OIS) is known for its vast experience in designing and manufacturing advanced connection systems for deepwater offshore applications.
CVR Energy (CVI) Key Part of Icahn Portfolio Despite Stake Cut
by Zacks Equity Research
The CVR Energy (CVI) transaction involves Carl Icahn selling approximately 4.1 million shares of the company's common stock at a price of $35.20 apiece.
Play the 10-Month High Crude Price With These 3 Oilfield Stocks
by Nilanjan Banerjee
Crude price is now in its glorious days, calling for investment in oilfield service companies like Core Laboratories (CLB), Solaris Oilfield (SOI) and Helix Energy (HLX).
Here's Why Hold Strategy is Apt for EOG Resources (EOG)
by Zacks Equity Research
Favorable oil price is aiding EOG Resources (EOG). Rising lease and well-operating costs are hurting its bottom line.
Why Hold Strategy is Apt for Enterprise Products (EPD) 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.
Repsol's (REPYY) ConnectGen Buyout to Ramp Up Renewable Focus
by Zacks Equity Research
The acquisition of ConnectGen will mark Repsol's (REPYY) entry into the U.S. onshore wind industry and complement its existing solar and storage development capabilities.
Are You Looking for a Top Momentum Pick? Why Helix Energy (HLX) is a Great Choice
by Zacks Equity Research
Does Helix Energy (HLX) have what it takes to be a top stock pick for momentum investors? Let's find out.
Precision Drilling (PDS) Acquires CWC, Fortifies Portfolio
by Zacks Equity Research
Precision Drilling (PDS) anticipates realizing annual operating savings of around C$20 million following the integration of CWC Energy Services.
Oil Rally Hits Speed Bump But Stays Above $85 on Supply Draw
by Nilanjan Choudhury
With oil pushing above $85 a barrel, it would be prudent to add energy stocks like Solaris Oilfield Infrastructure (SOI), CVR Energy (CVI) and Helix Energy Solutions Group (HLX).
Western Midstream (WES) Buys Meritage, Fortifies Portfolio
by Zacks Equity Research
Western Midstream Partners' (WES) management anticipates substantial free cash flow benefits resulting from this transaction.
DT Midstream (DTM) Expands LEAP Pipeline Capacity by 30%
by Zacks Equity Research
Notably, DT Midstream (DTM) was able to complete the Phase 1 LEAP expansion ahead of the original expected in-service date, which was set for the fourth quarter of 2023.
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. However, it is exposed to extreme volatility in commodity prices.
Oil Prices Pushed Up by Supply Outages, Big Inventory Draw
by Nilanjan Choudhury
With oil remaining above $80 a barrel, it would be prudent to add energy stocks like Black Stone Minerals (BSM), CVR Energy (CVI) and Helix Energy Solutions Group (HLX).
Here's Why You Should Retain Range Resources (RRC) Stock
by Zacks Equity Research
Range Resources (RRC) boasts decades of low-risk drilling inventory in Appalachia, brightening its production outlook.
Expro (XPRO) Set to Buy PRT Offshore, Strengthen Portfolio
by Zacks Equity Research
The transaction ¿¿¿ expected to be finalized in the fourth quarter ¿¿¿ marks Expro Group Holdings' (XPRO) foray into enhancing its subsea well access offerings.