US LNG exporting giant Cheniere has raised its share repurchase authorization by $4 billion through 2027. The company also plans to increase its quarterly dividend by 15 percent. Cheniere said in a statement on Monday […]
Singapore-based oil and commodities trading powerhouse Trafigura Group has posted the smallest profit since the 2020 oil crisis as volatility in energy markets hit new lows. Trafigura’s net profit dropped to $1.47 billion in the six months through […]
(Bloomberg) – Shell Plc shareholders approved the company’s new energy transition plan with reduced carbon-emissions targets, while rejecting a resolution asking the oil and gas giant to align itself with the Paris Climate Agreement. Shell’s […]
Norwegian LNG carrier owner Flex LNG reported higher net income and lower revenue in the first quarter of this year. The owner of 13 LNG carriers said on Thursday that vessel operating revenues were $90.2 […]
Three years ago, Big Oil supermajors in Europe were all about the energy transition and pivoting from their core business to a greater diversification. In its latest financial report for the first quarter, BP indicated […]
FORT WORTH, Texas, May 08, 2024 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced financial and operating results for the quarter ended March 31, 2024. Highlights First Quarter 2024 […]
TULSA, OK, May 08, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” or the “Company”) today reported first-quarter 2024 financial and operating results. Supplemental slides have been posted to the Company’s website […]
Year-Over-Year Absolute Debt Reduction and Expense Improvements Black Bear Facility Strengthens the Company’s Midstream Value Chain and Integrates Complementary Long-life Infrastructure Assets BIRMINGHAM, AL / ACCESSWIRE / May 9, 2024 / Diversified Energy Company PLC (LSE:DEC)(NYSE:DEC) […]
HOUSTON, May 7 (Reuters) – Occidental Petroleum (OXY.N), opens new tab on Tuesday reported profit that beat analysts’ first-quarter consensus estimate and forecast second quarter oil and gas production would climb 7%. Profit fell to […]
Highlights: Generated net earnings of $338 million, cash from operating activities of $659 million, Non-GAAP Cash Flow of $1,035 million and Non-GAAP Free Cash Flow of $444 million after capital expenditures of $591 million First quarter production was at the high-end or […]
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