EOG Resources boosted its annual dividend by 10% after its fourth-quarter adjusted profit nearly doubled, helped by a recent recovery in oil and gas prices.
U.S. oil producer Apache raised its project spending forecast to $1.1 billion for this year as oil prices have improved since its previous outlook of keeping upstream expenses below a billion dollars.
Cheniere Energy’s move to start providing greenhouse gas emissions data associated with each LNG cargo produced is a “critical first step for the industry” to improve its environmental performance, says CEO Jack Fusco.
The winter storm last week in Texas will impact Pioneer Natural Resources’ production, focused solely in the Permian Basin, by about 30,000 to 55,000 bbl/d of oil and gas this quarter, the company said.
Occidental Petroleum does not anticipate growing global production “at least this year,” says CEO Vicki Hollub, adding that the company will not increase capital spending even if oil prices improve further.
Oil Search’s main challenge this year is to sell a 15% stake in its $3 billion Pikka oil project in Alaska.
Permian Basin-focused shale producers Diamondback Energy, Cimarex Energy, Occidental Petroleum and Laredo Petroleum say their first-quarter oil production will be hit by a recent winter storm.
TC Energy, the company behind the Keystone XL oil pipeline, had said it expects to record a large non-cash charge in its first-quarter earnings, but did not provide the size of it.
Occidental will announce fourth-quarter and full-year 2020 financial results on Feb. 22. Pioneer will report fourth-quarter results on Feb. 23.