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energy: Archive

Zacks Equity Research

Shell (SHEL) Approves Waterflood Project to Boost Output at Vito

Shell (SHEL) believes that the waterflood project will contribute to additional production of high-margin, lower-carbon barrels and maximize the potential of the Vito field.

WMBPositive Net Change SMNegative Net Change MPLXPositive Net Change SHELNegative Net Change

Zacks Equity Research

Blue Dolphin (BDCO) Q2 Earnings Decline, Revenues Rise Y/Y

Blue Dolphin's (BDCO) Q2 earnings results reflect the negative impacts of lower refining margins, and reduced throughput and production volumes at the Nixon refinery.

BDCONo Net Change

Nilanjan Choudhury

Natural Gas Prices Remain Weak Despite Rare Summer Withdrawal

Based on several factors impacting the natural gas market, we recommend investors hold on to stocks like Coterra Energy (CTRA) and Cheniere Energy (LNG).

APANegative Net Change EQTPositive Net Change LNGPositive Net Change CTRAPositive Net Change

Zacks Equity Research

SLB Expands Russian Operations Despite Competitor Withdrawal

Following Russia's invasion of Ukraine, SLB is expanding its Russian operations, signing new contracts and recruiting staff despite Western competitors exiting the market.

WMBPositive Net Change SLBNegative Net Change SMNegative Net Change MPLXPositive Net Change

Zacks Equity Research

Petrobras (PBR) Q2 Earnings in Line on Production Growth

As of Jun 30, 2024, Petrobras (PBR) records a net debt of $46,160 million. The company ends the quarter with cash and cash equivalents of $7,884 million.

CVXNegative Net Change COPNegative Net Change PBRNegative Net Change MPCPositive Net Change

Zacks Equity Research

Is VWEAX a Strong Bond Fund Right Now?

MF Bond Report for VWEAX

VWEAXPositive Net Change

Zacks Equity Research

Southern's (SO) Unit Elevates Grid Reliability With UAS Tech

Southern's (SO) division Georgia Power enhances grid reliability using unmanned aerial systems (drones) for safer, faster and cost-effective transmission line inspections across Georgia.

SONegative Net Change ATOPositive Net Change EONGYPositive Net Change

Zacks Equity Research

TC Energy (TRP) Concludes Sale of Natural Gas Assets Worth $1B

TC Energy (TRP) states that the sale of the Portland Natural Gas Transmission System is part of its commitment to deliver $3 billion in asset divestitures.

WMBPositive Net Change SMNegative Net Change TRPPositive Net Change MPLXPositive Net Change

Zacks Equity Research

Battalion Oil (BATL) Earnings & Revenues Decline Y/Y in Q2

A decrease in average daily production and lower natural gas prices hurt Battalion Oil's (BATL) earnings in Q2.

BATLNegative Net Change

Zacks Equity Research

PrimeEnergy (PNRG) Earnings & Revenues Increase Y/Y in Q2

A significant y/y rise in oil sales, reflecting higher production volumes and improved pricing, aid PrimeEnergy's (PNRG) earnings in Q2.

PLPCPositive Net Change

Zacks Equity Research

Shell (SHEL), PetroChina Surat Gas Project Expansion Underway

This development aligns with Shell's (SHEL) broader strategy to grow its LNG business by 20-30% by 2030.

CVXNegative Net Change LNGPositive Net Change SHELNegative Net Change

Zacks Equity Research

BP Presses FERC on Venture Global's LNG Plant Startup Delay

BP tells U.S. regulators that Venture Global's Calcasieu Pass LNG facility does not require more time for its official startup, challenging the developer's delay in fulfilling long-term contracts while gaining from spot sales.

WMBPositive Net Change BPNegative Net Change SMNegative Net Change MPLXPositive Net Change

Zacks Equity Research

ExxonMobil's (XOM) Seventh Guyana Oil Project Set for 2025

ExxonMobil's (XOM) seventh offshore oil project in Guyana, Hammerhead, is expected to increase its production capacity by 180,000 bpd, with the development plan set for early 2025.

WMBPositive Net Change XOMNegative Net Change SMNegative Net Change MPLXPositive Net Change

Zacks Equity Research

Chevron (CVX) to Pay $550M Settlement Over Richmond Refinery

Chevron (CVX) agrees to pay $550 million over 10 years as a settlement to Richmond City Council for withdrawing a proposed tax on its Richmond refinery.

WMBPositive Net Change CVXNegative Net Change SMNegative Net Change MPLXPositive Net Change

Nilanjan Choudhury

Don't Ignore These 3 Large-Cap Energy Stocks Yielding Over 4%

Large-cap companies The Williams Companies (WMB), Chevron (CVX) and Canadian Natural Resources (CNQ) present an opportunity for long-term stability and reliable returns in the energy space.

WMBPositive Net Change CVXNegative Net Change CNQNegative Net Change

Zacks Equity Research

Suncor Energy (SU) Q2 Earnings Rise Y/Y, Sales Top Estimates

Suncor Energy (SU) anticipates production in the range of 770,000-810,000 boe/d and capital expenditures in the band of C$6.3-C$6.5 billion for 2024.

HALNegative Net Change SUNegative Net Change KMIPositive Net Change LBRTNegative Net Change

Zacks Equity Research

BP, Golar LNG Settle Payment Dispute & Expedite FLNG Operations

BP and Bermuda-based Golar LNG have resolved a payment dispute over the FLNG Gimi, slated to operate at the Greater Tortue Ahmeyim project off Mauritania and Senegal. The agreement is aimed at accelerating the first LNG production, expected in Q4 2024.

WMBPositive Net Change BPNegative Net Change SMNegative Net Change NOGNegative Net Change

Zacks Equity Research

Marathon (MRO) Q2 Earnings Miss Despite Oil Price Improvement

Marathon Oil (MRO) spends $665 million in capital and exploratory expenditures during the quarter and rakes in $364 million in adjusted free cash flow.

COPNegative Net Change MROPositive Net Change APANegative Net Change EQTPositive Net Change

Zacks Equity Research

Delek (DK) Q2 Loss Narrower Than Expected, Sales Decline Y/Y

Delek (DK) expects a total crude throughput of 290,000-305,000 barrels per day and a total throughput of 301,000-315,000 barrels per day in the third quarter.

HALNegative Net Change DKNegative Net Change KMIPositive Net Change LBRTNegative Net Change

Zacks Equity Research

Repsol (REPYY) Taps Honeywell to Boost Biofuels Production

Repsol (REPYY) plans to leverage Honeywell's (HON) advanced technologies to transform waste materials like fats, oils, greases, biomass and solids into biofuels and advanced chemicals.

HONPositive Net Change BGNegative Net Change REPYYNegative Net Change

Nilanjan Choudhury

What to Expect From the U.S. Upstream Oil & Gas Industry

Following a careful analysis of the Zacks Oil and Gas - Exploration and Production - United States industry, we advise buying shares of companies like DVN, SM, NOG and AMPY.

DVNNegative Net Change NOGNegative Net Change AMPYNegative Net Change SMNegative Net Change

Zacks Equity Research

ExxonMobil (XOM) Lays Off 59 Workers Post Pioneer Merger

ExxonMobil (XOM) has issued layoff notices to 59 employees following its $60-billion acquisition of Pioneer Natural Resources. The move is part of the company's strategic workforce reshuffle as it integrates Pioneer's assets and personnel.

WMBPositive Net Change XOMNegative Net Change SMNegative Net Change NOGNegative Net Change

Zacks Equity Research

Epsilon (EPSN) Earnings and Revenues Increase Y/Y in Q2

Epsilon's (EPSN) earnings in Q2 gain from higher oil production volumes and an increase in realized oil prices.

EPSNPositive Net Change

Zacks Equity Research

Subsea7 (SUBCY) Lands EPCI Contract for Murlach Development

Subsea7's (SUBCY) contract for the Murlach development in the UK North Sea includes the design and installation of subsea pipelines and production systems.

FTINegative Net Change SMNegative Net Change SUBCYPositive Net Change NOGNegative Net Change

Zacks Equity Research

Pembina (PBA) Q2 Earnings Rise Y/Y, Sales Lag Estimates

Pembina (PBA) anticipates its 2024 adjusted EBITDA to range from C$4.20 billion to C$4.35 billion and plans a capital investment of C$1.3 billion, which includes a C$140 million adjustment.

HALNegative Net Change KMIPositive Net Change PBANegative Net Change LBRTNegative Net Change