The Venezuelan-owned refiner now expects $7.7 billion to $8 billion in 2026 EBITDA on surging fuel margins. Meanwhile, the court fight over who owns it reaches a federal appeals court today. an arbitration award against Venezuela. On Nov. 25, 2025, Judge Leonard P. Stark approved a $5.9 billion bid from Amber Energy, an affiliate of […]
Continue Reading
The oilfield-services giant earned $0.60 a share on an adjusted basis and kept buying back stock. North America slipped 5% from the second quarter while the Middle East and Asia grew 8%. Halliburton was among the first energy companies to report third-quarter results, and on Tuesday morning it beat Wall Street’s forecasts. The Houston company […]
Continue Reading
Where your diesel dollar goes: the refiner’s slice of a gallon has roughly tripled in a year. Valero reports Thursday, and Wall Street expects about $21 a share. By Energy News Beat | Monday, Oct. 19, 2026 | Prices as of 6:28 a.m. CT unless noted If you topped off a 30-gallon diesel pickup this […]
Continue Reading
ExxonMobil’s preliminary third-quarter update has put refining front and center for investors. Higher refining margins are expected to add roughly $4.5 billion to downstream earnings compared with the second quarter—on top of the $4.1 billion the company already generated from refining in Q2. That surge comes even as upstream earnings face an estimated $1.3 billion […]
Continue Reading
Europe’s remaining coal plants are generating unexpected profits while Asia burns more coal to fill an LNG gap created by Middle East disruptions. Global demand is heading for a record high in 2026. The rebound is real but uneven, largely temporary in the West, and more structural in Asia—until nuclear and cleaner alternatives scale meaningfully. […]
Continue Reading
Houston-based Occidental Petroleum (NYSE: OXY) delivered its customary pre-earnings operational and realizations snapshot on October 13, 2026, via an 8-K filing of “Third Quarter 2026 Earnings Considerations.” As Reese Energy Consulting noted in a LinkedIn post the same day, it functions as the trailer before the full movie—the formal Q3 results scheduled for after-market close […]
Continue Reading
The New York Stock Exchange is losing its first major operating-company listings to Dallas’s new Texas Stock Exchange. Energy Transfer LP and fuel distributor Sunoco LP — along with affiliates SunocoCorp LLC and USA Compression Partners LP — will leave the NYSE after the close on October 2, 2026, and begin trading on TXSE on […]
Continue Reading
Cheniere Energy has handed over the last piece of its Corpus Christi Stage 3 expansion just as the global LNG market is being pulled in two directions: Asia bidding hard for cargoes, and Europe trying to refill storage that is running well behind seasonal norms. The timing is not a coincidence. It is the point […]
Continue Reading
President Donald Trump is scheduled to sit down Tuesday afternoon, September 1, with executives from at least 10 U.S. fuel makers and distributors. The agenda is straightforward and politically urgent: persistently high gasoline and diesel prices, what the industry can do about them, and how to expand domestic refining capacity. We hope he looks for […]
Continue Reading
On August 18, 2026, Evolution announced a definitive agreement to acquire mineral, royalty, and overriding royalty interests spanning approximately 3,420 net royalty acres (NRA) across 152 tracts in Reagan, Upton, Glasscock, Midland, and Martin Counties, Texas, from a non-affiliated private seller. The purchase price is approximately $16 million in cash, subject to customary adjustments. The […]
Continue Reading