Investment , Earnings

Exxon to Hold Spending at $20 Billion to $25 Billion through 2027

The budgets extend a plan Exxon set last year to spend $16 billion to $19 billion this year and between $20 billion and $25 billion to 2025.

December 1, 2021

Earnings , Midstream , Gathering & Processing , Construction , Pipelines

Third-quarter Results Boost Midstream Confidence

Midstream juggernauts Enbridge, Williams and Energy Transfer report completed projects and numbers to please investors.

November 16, 2021

Public Capital , Earnings

Exxon Mobil ‘Back on Track’ to Meet Double Earnings Target, CEO Says

Exxon Mobil set a target in 2018 of increasing earnings to $31 billion by 2025—from 2017’s adjusted profit of $15 billion, excluding the impact of U.S. tax reform and impairments.

November 11, 2021

Earnings , Exploration & Production

Canada’s Oil Sands Producers Tiptoe to Record Output

The oil sands, which make up the bulk of Canada’s production, are on track to reach 3.5 million bbl/d by year-end, surpassing January's record of 3.25 million bbl/d, says TPH analyst Matt Murphy.

November 9, 2021


Occidental to Increase Dividend Payments after Cutting Debt, CEO Vicki Hollub Says

The company, which earlier this week declared a quarterly dividend of a penny per share on common stock, did not specify by how much its dividends would increase.

November 5, 2021

People , Earnings , Crude Oil

Enbridge Profit Up 23% on Crude Price Rebound; Adds New Directors to Board

Enbridge appointed former Aera Energy CEO Gaurdie Banister and Jane Rowe as directors of Enbridge, effective Nov. 4, 2021.

November 5, 2021

Earnings , Crude Oil , Midstream

Pipeline Operators Enbridge, TC Energy Profit Up on Crude Price Rebound

Enbridge's adjusted earnings rose 23.2% to C$1.2 billion (US$961.92 million), or 59 Canadian cents per share, in the third quarter. Analysts, on average, were expecting 57 Canadian cents, according to Refinitiv IBES.

November 5, 2021

Public Capital , Earnings , Shale Plays

EOG Resources Boosts Dividend as Shale Drillers Keep Focus on Returns

EOG Resources’ dividend bump announced Nov. 4 is the second this year and doubles last year’s dividend. Its shares were up 3.5% in late trading on Thursday at $94.10 each.

November 5, 2021

Public Capital , Earnings , Shale Plays

Occidental Petroleum More than Doubles Profit in Third Quarter

Occidental has “generated record free cash flow before working capital in each quarter this year, allowing us to reduce debt and strengthen our balance sheet,” CEO Vicki Hollub said in a statement.

November 5, 2021

Public Capital , Earnings , Shale Plays

Top Permian Oil Producer Pioneer to Minimize Hedging Next Year

Pioneer Natural Resources’ hedging losses have tallied over $2 billion so far this year, as oil prices rose above levels where it and some other producers had locked in sales contracts through hedges.

November 4, 2021