"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.
Devon Energy and Coterra Energy reported more than a four-fold rise in quarterly income on May 2, while Diamondback Energy's profit rose more than three-fold. All three shale producers increased their dividends.
Shares of both companies fell on the day, with Chevron losing 3% while Exxon Mobil dropped 2.6% on an overall down day for Wall Street.
The Calgary, Alberta-based company said increasing U.S. LNG exports and a focus on global energy security were creating new opportunities. Around a quarter of U.S. LNG export volumes travel through TC Energy’s gas pipelines.
The top U.S. oil producer tripled the size of its buyback program, similar to other energy giants like TotalEnergies that are sending more cash back to shareholders.
Chevron's first quarter posted earnings of $6.5 billion surpassed Wall Street's predictions and quadrupled from first quarter 2021.
Pioneer Natural Resources will temporarily add one hydraulic fracturing fleet during the second quarter to make up for the work lost during a third-party sand mine outage, according to a filing.
In the wake of the sanctions imposed on oil and natural gas imported from Russia, Continental Resources has raised its annual production expectations.
In a call with analysts, CEO Patrick Pouyanne said TotalEnergies—which has maintained assets in Russian gas projects—would continue to fulfill its contracts there unless sanctions demand otherwise.