Cash-rich Maersk revealed yesterday it has started a 12-month share buyback program of up to DKK14.4bn ($2.01bn). The purpose of the program is to adjust the capital structure of the company ultimately through the cancellation […]
Reported earnings of $3.2 billion; adjusted earnings of $3.6 billion Returned record $27 billion cash to shareholders in 2024 Increased 2024 worldwide and U.S. production by 7 and 19 percent to record levels Delivered key […]
Business transformation drove industry-leading 2024 financial performance1 Delivered $33.7 billion in earnings and $55.0 billion in cash flow from operations – third best year in a decade Achieved record production in Permian and Guyana, and […]
Weekly Daily Standup Top Stories Trump Reignites Coal Industry at Davos – Make Coal Great Again MCGA January 26, 2025 Clark Savage ENB Pub Note: While President Trump’s remarks are around coal, he says, “Nothing can […]
The UK-based firm said its adjusted earnings reached $3.66 billion in the fourth quarter, down compared to $7.3 billion in the comparable quarter last year. Adjusted earnings dropped 39 percent compared to $6.03 billion in the prior quarter. […]
Daily Standup Top Stories Big Oil Earnings Slump Puts Payouts to Investors Under Pressure January 29, 2025 Clark Savage Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by […]
Fourth-quarter profit to be lowest in more than three years Oil markets weigh uncertain outlook driven by Trump’s return The flow of dividends and buybacks from the world’s largest oil companies is under pressure, with […]
Daily Standup Top Stories Trump Seizes Wartime Powers in Battle for More Fossil Fuels January 27, 2025 Clark Savage Obscure laws to be marshaled to build pipelines, power plants ‘God Squad’ to weigh projects that threaten […]
Energy industry services provider Halliburton Co. has reported a net income of $615 million for the fourth quarter of 2024, compared to $571 million for the third quarter of the year. However, it is below […]
“Integrated LNG results are expected to benefit from a 6 percent increase in production, LNG realizations above $10/MMBtu and stronger gas trading that is back to the performance of the fourth quarter 2023,” TotalEnergies said […]
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