Results at Siemens Gamesa, which in January issued its third profit warning in nine months, mask a solid performance at Siemens Energy’s business focused on coal- and gas-fired power stations and turbines.
Occidental’s plan to produce oil while it develops technology to tap carbon emissions from fossil fuels gained a renewed vote of confidence after Warren Buffett’s Berkshire Hathaway raised its stake in the company to about 15.2%.
The Calgary, Alberta-based company said it is exploring the sale of its entire UK business based on interest received in the exploration and production assets.
Sheffield said labor and supply chain constraints will continue to hamper how quickly producers can add to oil and gas production.
The Houston-based company's adjusted earnings rose to $4.29 billion, beating Wall Street estimates.
Pioneer's results mirrored those of rivals Devon Energy, Diamondback Energy and Coterra Energy.
The New York-based firm declined to comment on what recommendations it has made to Chesapeake, but confirmed it has amassed around 2 million shares.
Due to a rising demand and production in LNG as European nations seek alternatives to Russian energy, Cheniere Energy has raised its yearly profit forecast.
"Continued capital discipline and cost focus enabled us to deliver very strong financial results and cash flow, strengthening the balance sheet," Equinor's CEO Anders Opedal said in a statement.
“We are studying the LNG markets hard,” Coterra Energy CEO Tom Jorden told investors on an earnings call on May 3.