Big Oil Companies Archives - Energy News Beat

Devon Announces $8 Billion Stock Repurchase Following Landmark Coterra Merger

May 10, 2026 Clark Savage60

Devon Energy Corporation (NYSE: DVN) has launched an aggressive $8 billion share repurchase program just hours after completing its all-stock merger with Coterra Energy, signaling strong confidence in the newly enlarged company’s cash-flow generation and long-term financial strength. The board-approved authorization, which represents nearly 15% of the combined company’s current market capitalization, runs through June […]

Cheniere Energy Raises 2026 LNG Output. What Does This Mean to Their Bottom Line?

May 10, 2026 Clark Savage83

Houston, TX – May 10, 2026 – Cheniere Energy, Inc. (NYSE: LNG), the largest U.S. LNG exporter, delivered a blockbuster update in its Q1 2026 earnings release. The company not only posted record LNG export volumes but also raised its full-year 2026 financial guidance, citing higher production forecasts, stronger market margins, and optimization gains. This […]

Will Venezuela Export Stranded Gas through Trinidad?

May 9, 2026May 9, 2026 Clark Savage243

Shell is actively exploring the development of Venezuela’s offshore natural gas resources, with plans to route production through Trinidad and Tobago’s existing infrastructure for export as LNG. In a February 2026 earnings call and subsequent Bloomberg TV interview, Shell CEO Wael Sawan confirmed ongoing talks with Venezuela’s government to advance offshore gas projects, specifically targeting […]

BP to Sell Stakes in UK Carbon Capture Projects, Getting Back to Basics

May 8, 2026May 9, 2026 Clark Savage364

In a move signaling a renewed focus on its core oil and gas operations, BP announced on May 7, 2026, that it plans to sell portions of its equity stakes in two flagship UK carbon capture and storage (CCS) projects in Northern England. The decision comes as both projects—Net Zero Teesside (NZT) Power and the […]

Cheniere Sags on Surprise $3.5 Billion Loss

May 7, 2026 Clark Savage347

Houston, May 7, 2026 — Cheniere Energy Inc. (NYSE: LNG), the largest U.S. liquefied natural gas (LNG) exporter, delivered a stark headline miss in its first-quarter 2026 results, swinging to a $3.5 billion net loss (or $16.65 per share) from a $353 million profit a year earlier. The surprise shortfall — which caught all 14 […]

EOG Beats Q1 Estimates and Increases Oil Production Outlook

May 6, 2026 Clark Savage283

Houston, TX – May 6, 2026 – EOG Resources, Inc. (NYSE: EOG) delivered a strong beat on first-quarter 2026 estimates, posting adjusted earnings of $3.41 per share and revenue of $6.92 billion while exceeding production guidance midpoints across oil, NGLs, and natural gas. The company also raised its full-year 2026 oil and NGL production outlook […]

BP CEO Reviews Full Exit from North Sea Amid Windfall Profits Tax Pressure

May 2, 2026 Clark Savage587

In a significant development for the UK’s energy sector, BP is conducting an internal strategic review that includes the possibility of a full or partial exit from its UK North Sea operations. The review, ordered by newly appointed CEO Meg O’Neill, is driven in large part by the UK government’s extended Energy Profits Levy (EPL) […]

Venezuelan Oil Exports Reached Highest Average Since 2018

May 2, 2026 Clark Savage736

Venezuela’s oil exports surged to an average of 1.23 million barrels per day (bpd) in April 2026, marking the highest monthly volume in more than seven years and the strongest performance since late 2018, before U.S. sanctions crippled the sector. The 14% jump from March’s 1.08 million bpd reflects a rapid rebound driven by a […]

The Natural Gas Lifeline to the European Market May Start in the Leviathan Fields

May 2, 2026 Clark Savage596

Europe’s ongoing quest for energy security—diversifying away from Russian supplies amid geopolitical tensions—has spotlighted the Eastern Mediterranean as a promising alternative source of natural gas. At the heart of this potential lifeline lies Israel’s Leviathan gas field, one of the region’s largest offshore discoveries. While current exports primarily flow to neighboring Egypt and Jordan (with […]

Big Oil Leaders Sound the Alarm: Spare Supply Is Gone, and Prices Are at an Inflection Point

May 2, 2026 Clark Savage879

In a stark warning to markets, CEOs from America’s largest oil companies say the global crude market is rapidly approaching a critical “cliff’s edge.” With the Strait of Hormuz effectively closed for months amid the ongoing U.S.-Israel conflict with Iran, commercial stockpiles, strategic reserves, and pre-war floating crude are being burned through at an alarming […]

Category: Big Oil Companies

Devon Announces $8 Billion Stock Repurchase Following Landmark Coterra Merger

Cheniere Energy Raises 2026 LNG Output. What Does This Mean to Their Bottom Line?

Will Venezuela Export Stranded Gas through Trinidad?

BP to Sell Stakes in UK Carbon Capture Projects, Getting Back to Basics

Cheniere Sags on Surprise $3.5 Billion Loss

EOG Beats Q1 Estimates and Increases Oil Production Outlook

BP CEO Reviews Full Exit from North Sea Amid Windfall Profits Tax Pressure

Venezuelan Oil Exports Reached Highest Average Since 2018

The Natural Gas Lifeline to the European Market May Start in the Leviathan Fields

Big Oil Leaders Sound the Alarm: Spare Supply Is Gone, and Prices Are at an Inflection Point

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