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Zacks Equity Research

Murphy USA (MUSA) Q4 Earnings Preview: What You Need to Know

Murphy USA (MUSA) 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 7%, on average.

XOMPositive Net Change PAAPositive Net Change MUSANegative Net Change USACNegative Net Change

Nilanjan Choudhury

Expect an Earnings Beat From These 4 Energy Companies in Q4

Energy stocks like OII, USAC, EPM and TRP have the potential to deliver better-than-expected Q4 earnings.

OIIPositive Net Change TRPPositive Net Change USACNegative Net Change EPMPositive Net Change

Nilanjan Choudhury

Marathon (MPC) Q4 Earnings Top Despite a Decline in Margins

In the fourth quarter, Marathon Petroleum (MPC) repurchased $2.5 billion of shares and a further $900 million worth of shares in January.

SLBPositive Net Change MPCNegative Net Change KMIPositive Net Change MPLXNegative Net Change

Zacks Equity Research

Phillips 66 (PSX) Beats Earnings & Revenue Estimates in Q4

Phillips 66's (PSX) Q4 earnings gain from decreased costs and expenses.

OIIPositive Net Change PSXNegative Net Change EGYPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

MPLX Beats Q4 Earnings Estimates, Hikes '24 Capex Budget

Higher contributions from MPLX's segments aid its fourth-quarter earnings.

OIIPositive Net Change EGYPositive Net Change MPLXNegative Net Change SUBCYPositive Net Change

Zacks Equity Research

Hess (HES) Q4 Earnings Surpass Estimates, Revenues Fall Y/Y

Higher oil equivalent production volumes aid Hess' (HES) Q4 earnings.

CVXPositive Net Change OIIPositive Net Change EGYPositive Net Change

Zacks Equity Research

Petrobras (PBR) Inks $11.7M Contract for EM Survey in Brazil

Petrobras (PBR) awards $11.7M contract to Norway's Electromagnetic Geoservices for offshore EM survey, signaling a renewed focus on exploring Brazil's hydrocarbon reserves.

PBRPositive Net Change OIIPositive Net Change ENBPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

Chevron (CVX) Opts for Longer Route to Ship Kazakh Oil to Asia

Chevron (CVX) plans to divert shipments of Kazakhstan's CPC Blend oil to Asia by sidestepping the Red Sea. Instead, it chooses to navigate around Africa's Cape of Good Hope.

CVXPositive Net Change OIIPositive Net Change ENBPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

Baker Hughes (BKR) Steers Hydrogen Revolution With New Facility

Baker Hughes (BKR) accelerates shift to a hydrogen economy, unveiling a revolutionary Hydrogen Testing Facility and reporting advancements in key hydrogen projects and collaborations.

OIIPositive Net Change ENBPositive Net Change HLXPositive Net Change BKRPositive Net Change

Zacks Equity Research

BP Faces Pressure Against Investment in Energy Transition

BP (BP) is being urged to curb further investment toward cleaner energy solutions and focus more on oil and gas output.

BPPositive Net Change OIIPositive Net Change REPYYPositive Net Change HBRIYPositive Net Change

Zacks Equity Research

Eni (E) Proceeds With Livorno's Conversion to Biorefinery

As part of this initiative, Eni (E) halts the import of crude oil and initiates the shutdown of the Livorno refinery's lubricant production lines and topping plant.

EPositive Net Change OIIPositive Net Change EGYPositive Net Change SUBCYPositive Net Change

Zacks Equity Research

RPC (RES) Q4 Earnings Top Estimates on Pressure Pumping

RPC (RES) reports a debt-free balance sheet as its Q4 earnings benefit from pressure pumping.

OIIPositive Net Change REPYYPositive Net Change RESPositive Net Change HBRIYPositive Net Change

Zacks Equity Research

Helmerich & Payne (HP) Q1 Earnings and Revenues Top Estimates

Helmerich & Payne (HP) expects capital outlay in the range of $450-$500 million, with depreciation and amortization expenses of $390 million for 2024.

HPPositive Net Change SUNNegative Net Change OIIPositive Net Change ENBPositive Net Change

Zacks Equity Research

Enerplus (ERF) Q4 Production Outperforms Guidance

Enerplus' (ERF) fourth-quarter 2023 production surpasses guidance. However, the company anticipates a fall in first-quarter 2024 production due to a winter storm in January.

OIIPositive Net Change EGYPositive Net Change ERFPositive Net Change HBRIYPositive Net Change

Zacks Equity Research

Equinor (EQNR) Takes 100% Ownership in Empire Wind Swap With BP

Equinor (EQNR) secures full ownership of the Empire Wind lease in a swap deal with BP, reinforcing its commitment to U.S. offshore wind development. In return, BP takes over the Beacon Wind project.

BPPositive Net Change OIIPositive Net Change ENBPositive Net Change EQNRPositive Net Change

Zacks Equity Research

Imperial (IMO) Q4 Earnings Coming Up: Here's What to Expect

Strength in upstream production is likely to have impacted the fourth-quarter earnings of Imperial Oil (IMO), only to be offset by weakness in its downstream segment.

XOMPositive Net Change PAAPositive Net Change IMOPositive Net Change USACNegative Net Change

Sanghamitra Saha

Time for Oil & Energy ETFs?

Oil prices have been in great shape this year. If the Gaza truce takes time to materialize, the rally could prolong.

USOPositive Net Change USLPositive Net Change BNOPositive Net Change UGAPositive Net Change XESPositive Net Change OIHPositive Net Change OILKPositive Net Change

Zacks Equity Research

Enterprise (EPD) to Report Q4 Earnings: What's in the Offing?

Enterprise's (EPD) Q4 performance is anticipated to have been hurt by lower demand for midstream assets following the reduced production of commodities.

XOMPositive Net Change EPDPositive Net Change MPCNegative Net Change USACNegative Net Change

Zacks Equity Research

ExxonMobil (XOM) Gears Up for Q4 Earnings: What to Expect?

ExxonMobil's (XOM) Q4 earnings are likely to have been aided by a strong commodity price scenario and solid upstream business.

XOMPositive Net Change WESPositive Net Change MPCNegative Net Change LINNegative Net Change

Zacks Equity Research

Tullow's (TUWOY) Free Cash Flows Surpass 2023 Guidance

Tullow's (TUWOY) 2023 revenues increase 25% from the previous year's level. Free cash flows also exceed the prior-year figure. The company shows exceptionally well drilling performance despite setbacks in the Jubilee field.

ENBPositive Net Change EGYPositive Net Change TUWOYNegative Net Change HBRIYPositive Net Change

Zacks Equity Research

Petrobras (PBR) Increases Oil and Gas Output by 3.7% in 2023

Petrobras (PBR) boasts a 3.7% surge in 2023 output, reaching 2.78 million barrels of oil equivalent per day with strategic growth plans.

PBRPositive Net Change SUNNegative Net Change OIIPositive Net Change ENBPositive Net Change

Zacks Equity Research

Shell's (SHEL) Wesseling Site Shifts Focus to Base Oils

Shell's (SHEL) strategic shift transforms the Wesseling site into a cutting-edge base oil plant, aligning with its sustainability goals and positively impacting the European Union's demand.

SUNNegative Net Change OIIPositive Net Change ENBPositive Net Change SHELPositive Net Change

Zacks Equity Research

Equinor (EQNR) Taps Kongsberg for NOK 25M Simulator Project

Equinor (EQNR) and Kongsberg join forces in a 25M NOK two-year venture to enhance Sleipner's simulation capabilities in the North Sea gas field, off Norway.

SUNNegative Net Change OIIPositive Net Change ENBPositive Net Change EQNRPositive Net Change

Zacks Equity Research

Chevron (CVX) Q4 Earnings Coming Up: Here's How It Will Fare

Weakness in commodity prices is likely to have impacted the fourth-quarter earnings of Chevron (CVX), only to be offset by strength in liquids production.

CVXPositive Net Change XOMPositive Net Change PAAPositive Net Change MPLXNegative Net Change

Zacks Equity Research

Baker Hughes (BKR) Expects Drop in North America Drilling Spend

Baker Hughes' (BKR) projections for 2024 paint a picture of an oil industry grappling with uncertainty and changing market forces.

HALPositive Net Change EOGPositive Net Change BKRPositive Net Change