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energy: Archive

Zacks Equity Research

Cenovus Energy (CVE) Maps Out an Ambitious 5-Year Expansion Plan

Cenovus Energy (CVE) sets the stage for a major production leap of 19% over the next five years, eyeing 950K boe/day by 2029.

SUNNegative Net Change CVEPositive Net Change MUSANegative Net Change ETPositive Net Change

Zacks Equity Research

Oceaneering (OII) Finishes Its First ROV Piloting in Brazil

Oceaneering (OII) achieves remote operations milestone with the first onshore ROV piloting in Brazil for Petrobras.

PBRPositive Net Change OIIPositive Net Change MUSANegative Net Change ETPositive Net Change

Zacks Equity Research

Equinor (EQNR) Sparks Green Revolution With HLNG Electrification

Equinor (EQNR) gears up for electrifying Hammerfest LNG in an $18M pact, marking a significant leap in Norway's journey toward cleaner energy and a low-emission future (by 2028).

SUNNegative Net Change MUSANegative Net Change ETPositive Net Change EQNRPositive Net Change

Zacks Equity Research

ExxonMobil (XOM) to Extend Exploration Activities in Suriname

ExxonMobil (XOM) commits to further exploring the Sloanea-1 discovery in the hopes of developing a commercial gas field in Block 52.

XOMPositive Net Change VALPositive Net Change MUSANegative Net Change ETPositive Net Change

Zacks Equity Research

The Zacks Analyst Blog Highlights Broadcom, TotalEnergies, Lam Research, Dell Technologies and Canadian Natural Resources

Broadcom, TotalEnergies, Lam Research, Dell Technologies and Canadian Natural Resources are included in this Analyst Blog.

DELLPositive Net Change LRCXPositive Net Change CNQPositive Net Change AVGOPositive Net Change TTEPositive Net Change

Nilanjan Choudhury

Oil Demand Dynamics for 2024: Asia-Pacific to Drive Growth

With energy consultancy Wood Mackenzie expecting strong oil market demand in 2024, this might be the right time to buy stocks like VAL, MUSA and SUN.

VALPositive Net Change SUNNegative Net Change MUSANegative Net Change

Zacks Equity Research

Enbridge (ENB) Secures Approval for Mainline Tolling Until 2028

Enbridge's (ENB) Mainline Tolling Settlement receives Canada Energy Regulator's approval, ensuring stable tariffs for crude oil shipments through 2028.

SUNNegative Net Change ENBPositive Net Change MUSANegative Net Change ETPositive Net Change

Zacks Equity Research

VAALCO's (EGY) Acquisition Expands Its West African Footprint

VAALCO (EGY) is set to acquire Svenska Petroleum Exploration AB from Petroswede AB, for a gross consideration of $66.5 million.

EGYPositive Net Change ETPositive Net Change REPYYPositive Net Change AROCPositive Net Change

Zacks Equity Research

TC Energy (TRP), Energir Agree to Sell PNGTS in a $1.14B Deal

TC Energy (TRP) and partner Energir agree to sell the Portland Natural Gas Transmission System to BlackRock and Morgan Stanley for $1.14 billion, focusing on balance sheet strength.

MUSANegative Net Change TRPPositive Net Change ETPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

Chevron (CVX) Announces a 5MW Hydrogen Production Project

Chevron's (CVX) subsidiary plans a 5MW hydrogen project in California's Central Valley, aiming for low-carbon energy.

CVXPositive Net Change MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

Cactus (WHD) Q4 Earnings Beat on Spoolable Technologies

Cactus' (WHD) Q4 earnings top estimates. The firm expects U.S. land activity levels to remain relatively stable in the first quarter of 2024.

ETPositive Net Change REPYYPositive Net Change AROCPositive Net Change WHDPositive Net Change

Zacks Equity Research

Here's Why It is Worth Investing in Sunoco (SUN) Stock Now

Sunoco's (SUN) financial stability, combined with a consistent distribution, makes it an attractive option for investors seeking steady income streams.

VALPositive Net Change SUNNegative Net Change MUSANegative Net Change ETPositive Net Change

Nilanjan Choudhury

Natural Gas Prices Tally Weekly Gain as Production Declines

Given the uncertainties in the natural gas market, our suggestion is to focus on companies with robust fundamentals, such as CTRA and LNG.

CHKPositive Net Change LNGPositive Net Change CTRAPositive Net Change

Zacks Equity Research

Will Petrobras (PBR) Report Q4 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 3.8%, on average.

PBRPositive Net Change CGENNegative Net Change REPXPositive Net Change OPALPositive Net Change

Zacks Equity Research

Canadian (CNQ) Q4 Earnings Rise Y/Y, Sales Beat Estimates

Canadian (CNQ) expects to achieve production growth of 1,455 MBOE/d by the end of 2024, up 40% from that anticipated at the end of 2023.

CNQPositive Net Change MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

Chevron (CVX) Shuts Down Biodiesel Plants Amid Market Challenges

Chevron (CVX) halts two biodiesel plants in the Midwest due to poor market conditions, despite a $3.15 billion investment in renewable energy.

CVXPositive Net Change MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

Equinor (EQNR) Wins Offshore Wind Agreements From New York

Equinor (EQNR) has been awarded conditional contracts by New York officials for the purchase of electricity generated by its Empire Wind 1 and Sunrise Wind offshore wind projects.

VALPositive Net Change MUSANegative Net Change ETPositive Net Change EQNRPositive Net Change

Zacks Equity Research

ExxonMobil (XOM) Divests Stake in Gulf of Mexico Fields

ExxonMobil's (XOM) strategic divestiture is allowing it to reallocate resources and focus on other priorities.

XOMPositive Net Change VALPositive Net Change MUSANegative Net Change ETPositive Net Change

Zacks Equity Research

Shell (SHEL) Faces Backlash for Leaving Niger Delta to Suffer

Shell's (SHEL) decision to sell off its subsidiary, Shell Petroleum Development Corporation, meets widespread criticism for the company not taking the onus for extensive pollution in the region.

ETPositive Net Change REPYYPositive Net Change AROCPositive Net Change SHELPositive Net Change

Zacks Equity Research

Delek (DK) Q4 Earnings Miss Estimates, Sales Decline Y/Y

Delek (DK) expects capital expenditures of approximately $330 million, including $220 million for refining and $70 million for logistics, for full-year 2024.

DKNegative Net Change MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

BP Set to Boost Egypt's Gas Projects With $1.5B Investment

Amid the strategic expansion in gas projects, BP faces internal pressures to refocus on its core oil and gas business.

BPPositive Net Change VALPositive Net Change MUSANegative Net Change ETPositive Net Change

Zacks Equity Research

Ovintiv (OVV) Q4 Earnings Beat Estimates on Lower Costs

Ovintiv (OVV) expects capital expenditures in the range of $2.2-$2.4 billion for full-year 2024 and in the band of $580-$620 million for the first quarter of the year.

MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change OVVPositive Net Change

Zacks Equity Research

Atlas (AESI) to Buy Proppant Production Assets in a $450M Deal

Atlas Energy (AESI) is set to purchase proppant production assets and logistics operations from Hi-Crush Inc. to further solidify its position as a market leader in the proppant and logistics industry.

ETPositive Net Change REPYYPositive Net Change AROCPositive Net Change AESIPositive Net Change

Zacks Equity Research

Callon (CPE) Q4 Earnings Miss Estimates, Revenues Fall Y/Y

Callon's (CPE) Q4 earnings have been affected by lower realized oil equivalent prices and production volumes.

MUSANegative Net Change ETPositive Net Change SUBCYPositive Net Change CPEPositive Net Change

Zacks Equity Research

Shell (SHEL) Abandons Offshore Wind Project in South Korea

Shell (SHEL) agrees to sell off its 80% stake in the MunmuBaram offshore wind project to Hexicon, who had 20% ownership in the same project.

ETPositive Net Change REPYYPositive Net Change AROCPositive Net Change SHELPositive Net Change