AI
Biden’s Net Zero Plans Worsen Prices
Daily Standup Top Stories BP Shares Plummet on $2 Billion Impairment Warning July 9, 2024 Mariel Alumit Shares in BP fell by as much as four percent this morning after it warned it was expected to […]
Earnings
Big Oil Companies
BP Shares Plummet on $2 Billion Impairment Warning
Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins. […]
Earnings
Dynagas LNG Partners reports higher quarterly net income
Dynagas LNG Partners, the operator of six LNG carriers which work under long-term charters, reported a rise in its net income for the January-March period. The NYSE-listed limited partnership formed by shipowner Dynagas posted a […]
Earnings
Cheniere boosts share buyback by $4 billion
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 […]
Crude Oil News
Trafigura Profit Drops 73% As Oil Price Boom Fades
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 […]
Big Oil Companies
Shell’s updated energy transition strategy receives shareholder approval on reduced emissions targets
(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 […]
Earnings
Flex LNG reports higher net income, lower revenue
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 […]
Big Oil Companies
Profits Over ESG as Supermajors Pivot Back to Their Core Business
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 […]
Earnings
HighPeak Energy, Inc. Announces First Quarter 2024 Financial and Operating Results
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 […]
Earnings
Vital Energy Reports First-Quarter 2024 Financial and Operating Results
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 […]