A rebound in crude prices helped the world’s energy supermajors generate higher profits in the second quarter but ultimately it was how much oil and gas they produced that differentiated Continue Reading
BP plc’s $10.5 billion move to acquire most of BHP Billiton’s shale acreage in North America ‘signals a bold return by the UK oil giant to the lower 48 states,’ Continue Reading
The world’s largest oil companies continue to disappoint investors with limited cash payouts and profits that have failed to match the rally in crude, reflecting the fragile nature of a Continue Reading
Oil prices started the week moving upwards after geopolitical tensions threatened both Iranian and Saudi Arabian oil, but a rising rig count on Friday has all but erased those gains. Continue Reading
Chevron Corporation ( NYSE:CVX ) announced on Friday much-awaited share repurchases in its Q2 earnings release, but investors were disappointed by a miss in profits despite the fact that the Continue Reading
ExxonMobil ( NYSE:XOM ) reported on Friday an 18-percent annual increase in earnings per share for the second quarter, but missed—yet again—analyst expectations, and reported its lowest production in a Continue Reading
ExxonMobil’s oil-equivalent production averaged just below 3.65 million boe/d in Q2, down 7% from Q2 2017, while the company saw production in the Bakken and Permian surge by roughly 30% Continue Reading
Exxon Mobil Corp and Chevron Corp, two of the world’s largest oil producers, reported quarterly profit on Friday that fell far short of Wall Street’s expectations. The disappointing results come Continue Reading
Occidental Petroleum Corp ( OXY.N ) is exploring a sale of its pipeline assets, hoping to fetch more than $5 billion and free up capital to invest in exploration and Continue Reading
Investors should feel confident about BP’s, Eni’s and Shell’s increased wave of new project approvals during the recent downturn. A Rystad Energy review of the performance of their recent projects Continue Reading
