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energy: Archive

Zacks Equity Research

Making Sense of Delek US Holdings' $400M Stock Buyback Plan

DK's latest repurchase expansion is supported by cash reserves of more than $650 million.

CLBPositive Net Change DKNegative Net Change NINEPositive Net Change

Zacks Equity Research

Transocean to Sell Two Drillships to Optimize Asset Portfolio

RIG plans to sell the Development Driller III and Discoverer Inspiration drillships for $342 million, aiming to reduce debt and optimize its portfolio.

RIGNegative Net Change CLBPositive Net Change EGYNegative Net Change MPLXPositive Net Change

Zacks Equity Research

Helmerich & Payne Hits 52-Week Low: Should You Still Hold HP Stock?

HP's long-term prospects appear strong on the back of its advanced rig fleet, accretive KCA Deutag acquisition and low debt.

NBRNegative Net Change HPPositive Net Change DOPositive Net Change

Nilanjan Choudhury

3 Broker-Favored Energy Stocks That Investors Should Monitor

Considering the unpredictability and volatility of the energy space, we advise focusing on broker-favored stocks like SLB, Valero Energy and Targa Resources.

SLBNegative Net Change VLONegative Net Change TRGPPositive Net Change

Zacks Equity Research

Equinor Shifts Focus to Boost Profit, Downsizes Renewables

EQNR plans to downsize its renewables division, shifting its focus from growth to profitability amid industry challenges and rising costs.

CLBPositive Net Change FTINegative Net Change MPLXPositive Net Change EQNRNegative Net Change

Zacks Equity Research

ExxonMobil Aims to Take Full Control of Permian JV From Sinochem

Acquiring the remaining stake in the Wolfcamp JV would reinforce XOM's leadership in the Permian Basin and provide strategic advantages amid the evolving global energy landscape.

XOMNegative Net Change CLBPositive Net Change FTINegative Net Change MPLXPositive Net Change

Zacks Equity Research

Harbour's Wintershall Dea Acquisition Set for Early Closure

HBRIY's acquisition of Wintershall Dea???s exploration and production assets should diversify its geographical presence and establish it as one of the largest independent energy companies in the world.

FTINegative Net Change EGYNegative Net Change MPLXPositive Net Change HBRIYNegative Net Change

Nilanjan Choudhury

Natural Gas Weekly Review and 2 Stocks Worth Considering

Based on several factors impacting the natural gas market, we recommend investors hold on to stocks like RRC and AR.

APANegative Net Change RRCPositive Net Change EQTPositive Net Change ARPositive Net Change

Zacks Equity Research

BP to Produce Jet Fuel From Crops and Waste at Cherry Point

BP's Cherry Point refinery is set to produce jet fuel from crops and waste, backed by a $27 million federal grant, creating jobs and boosting green aviation.

BPNegative Net Change CLBPositive Net Change FTINegative Net Change MPLXPositive Net Change

Zacks Equity Research

Shell to Sell Sinco Pipeline and Colex Terminal to Edgewater

SHEL's subsidiary plans to divest its Sinco pipeline and Colex terminal to Edgewater, simplifying its portfolio and focusing on lower-emission projects.

FTINegative Net Change EGYNegative Net Change MPLXPositive Net Change SHELNegative Net Change

Zacks Equity Research

TechnipFMC's Stock Is Soaring, But Is It Time to Buy FTI?

FTI's total backlog reached a historic high of $13.9 million in the second quarter of 2024.

CLBPositive Net Change FTINegative Net Change NINEPositive Net Change

Zacks Equity Research

ExxonMobil Seeks 3-Year Extension for Golden Pass LNG Project

XOM and QatarEnergy request a three-year extension from regulators for the Golden Pass LNG project, citing contractor changes and potential weather disruptions.

XOMNegative Net Change FTINegative Net Change PDSNegative Net Change MPLXPositive Net Change

Zacks Equity Research

ConocoPhillips to Proceed With $22.5M Acquisition of Marathon Oil

The COP-MRO merger is expected to close by the end of the fourth quarter of 2024.

COPNegative Net Change MROPositive Net Change PDSNegative Net Change MPLXPositive Net Change

Zacks Equity Research

Oceaneering Secures Multiple Contracts in the UK North Sea

OII's recent contracts highlight its expansion into a key market and underscore its strong relationship with major clients in the UK North Sea region.

FTINegative Net Change OIINegative Net Change EGYNegative Net Change MPLXPositive Net Change

Zacks Equity Research

Why Holding Marathon Petroleum Stock Makes Sense for Now

MPC shows strong cash flow and strategic growth, making it a solid hold despite turnaround costs and oil price volatility risks.

FTINegative Net Change SMNegative Net Change MPCPositive Net Change MPLXPositive Net Change

Zacks Equity Research

Company News for Aug 30, 2024

Companies in The News Are: CM, AAPL, C, DG, MRO

CPositive Net Change AAPLPositive Net Change MROPositive Net Change DGNegative Net Change CMPositive Net Change

Zacks Equity Research

Southern's Unit to Launch Renewable Initiative for Microgrid

SO's subsidiary, PowerSecure, plans to launch a 100% renewable fuel initiative with HVO at Durham microgrid, highlighting its commitment to clean energy and sustainability.

SONegative Net Change DTENegative Net Change EONGYPositive Net Change

Zacks Equity Research

BP Awards FEED Contract to Technip Energies for H2Teesside

BP's H2Teesside project is aimed at producing approximately 1.2 gigawatts (GW) of low-carbon hydrogen. Technip Energies will conduct a FEED study for the project.

BPNegative Net Change FTINegative Net Change EGYNegative Net Change MPLXPositive Net Change

Urmimala Biswas

5 Top-Ranked Value Stocks With Discounted PEG Ratio to Buy

Five PEG-based stocks that fulfill our screening criteria are Genpact, MPLX, Exelixis, Paramount Global and H&R Block.

HRBNegative Net Change EXELPositive Net Change GNegative Net Change MPLXPositive Net Change

Zacks Equity Research

SLB Develops New Solution to Advance Carbon Storage Projects

SLB's well integrity assessment solution can help companies detect risks associated with wells and their potential impact on the early stages of development of carbon storage projects.

SLBNegative Net Change FTINegative Net Change SMNegative Net Change MPLXPositive Net Change

Zacks Equity Research

Equinor Cancels Key Offshore Wind Projects Amid Rising Costs

EQNR exits offshore wind projects in Spain and Portugal, citing rising costs and market challenges in the renewables sector.

FTINegative Net Change SMNegative Net Change MPLXPositive Net Change EQNRNegative Net Change

Zacks Equity Research

Petrobras, TGS Enter Tech and Research Partnership in Brazil

PBR and TGS ink a MOU to enhance Brazil's energy sector with advancements in oil and gas exploration, production efficiency and renewable energy technologies.

PBRNegative Net Change FTINegative Net Change SMNegative Net Change MPLXPositive Net Change

Zacks Equity Research

Shell's Nigerian Onshore Asset Sale Faces Regulatory Hurdles

SHEL states that it is not selling its onshore assets directly to Renaissance. The transaction involves a transfer of shares, which means that it will only transfer the ownership of the assets.

FTINegative Net Change SMNegative Net Change MPLXPositive Net Change SHELNegative Net Change

Zacks Equity Research

Equinor Cancels Plan for Vietnam's Offshore Wind Sector

EQNR scraps its plan to invest in the offshore wind sector in Vietnam. It will also end its business development operations in the country and close its Hanoi office.

FTINegative Net Change SMNegative Net Change MPLXPositive Net Change EQNRNegative Net Change

Nilanjan Choudhury

Goldman Sachs Trims Oil View: What's Next for Energy Stocks?

Despite Goldman Sachs' downward revision to the oil price forecast, the space still looks good for investment. We recommend buying stocks like SM, FTI and TUWOY.

GSPositive Net Change FTINegative Net Change SMNegative Net Change TUWOYNegative Net Change