Big oil has a big problem. It’s running out of oil. Energy News Beat Publishers Note (ENB): With the reduction in the big oil companies adding to their reserves, it will have a long-term impact […]
Pioneer Natural Resources is buying its neighbor in the Midland Basin, making it the largest producer in the Permian Basin. Irving-based Pioneer is using a combination of its own stock, cash and debt to purchase […]
Upstream oil and gas companies are responsible for significant greenhouse gas (GHG) emissions and are some of the largest carbon-emitting companies globally. As a result, upstream operators are under growing pressure from governments, shareholders and […]
Energy News Beat Publishers Note: The decision to put in a processing plant and ship by rail is a financial decision. The U.S. will be importing more oil from other countries at very high prices, […]
The Ninth Circuit Court of Appeals extended an emergency order blocking ConocoPhillips Alaska Inc. from opening a gravel mine site and building roads to support its Willow oil development project in the National Petroleum Reserve-Alaska. The decision […]
ConocoPhillips reported a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share, compared with fourth-quarter 2019 earnings of $0.7 billion, or $0.65 per share. Excluding special items, fourth-quarter 2020 adjusted earnings were a loss […]
Broad markets rise as GameStop fury runs out (couldn’t quite hold the line), and big earnings dropping. S&P 500: 39% Nasdaq: 72% Dow Jones: 60% “Inevitably, and as with any technically-driven short squeeze, the Reddit […]
Market Watch – ConocoPhillips COP, 2.65% said Tuesday it had a net loss of $800 million, or 72 cents a share, in the fourth quarter, after earnings of $700 million, or 65 cents a share, in the […]
Hours after taking office, President Joe Biden made good on a campaign promise to cancel the Keystone XL oil pipeline. Later that day his Interior Department mandated that only top agency leaders could approve new […]
Editor’s note: Through the end of December, we’re taking a look back on the Deals of the Week from 2020. This was the Deal of the Week for the Houston Business Journal’s Oct. 23-29 edition. The […]
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