Public Capital
Public Capital , Earnings , Shale Plays
Occidental Petroleum Swings to Profit in Second Quarter
Oil and gas producer Occidental Petroleum said on Aug. 3 adjusted profit attributable to common stockholders stood at $311 million, or 32 cents per share, for the three months ended June 30.
Public Capital , Acquisitions & Divestitures , Midstream
HollyFrontier to Acquire Sinclair Oil Assets in $2.6 Billion Deal
Upon completion of the transaction, a new company—HF Sinclair Corp.—will replace HollyFrontier as the public company trading on the New York Stock Exchange.
Public Capital , Earnings , Energy Transition
BP Boosts Payouts after Second-quarter Profit Jump
The strong results, underpinned by higher sales at petrol stations, bolster BP’s plan to shift away from oil and gas to renewable and low-carbon energy, CEO Bernard Looney told Reuters.
Public Capital , Energy Transition , Shale Plays
Vine Energy Aims for Haynesville First through RSG Partnership
Plano, Texas-based Vine Energy aims to become the first natural gas producer in the Haynesville Basin to certify 100% of its assets as “responsibly sourced” through an agreement with Project Canary.
Public Capital , Earnings , Exploration & Production , Shale Plays
Diamondback, Continental, Pioneer’s Earnings Lifted by Higher Oil Prices
While Diamondback Energy and Continental Resources beat Wall Street profit estimates, Pioneer Natural Resources only met expectations, but declared an inaugural variable dividend to be paid during the third quarter.
Public Capital , People , Technology
Chevron Promotes CTO Eimear Bonner to Leadership Team
Separately, Chevron announced the retirement of Joe Geagea, executive vice president of technology, projects and services who retires with 40 years of service at the U.S. oil major.
Public Capital , Technology
Baker Hughes to Buy Back $2 Billion in Shares
The move by Baker Hughes comes as oil and gas companies keep their focus on shareholder returns over spending to expand production, even as crude prices climb to their highest levels since 2018.
Public Capital , Shale Plays , Acquisitions & Divestitures , Mergers
Spartan Delta Set to Become Largest Montney Producer after Latest Deal
The deal marks a major milestone in Spartan's Montney consolidation strategy and brings the company closer to achieving its previously stated objective of production growth to 100,000 boe/d, says Spartan CEO Fotis Kalantzis.
Public Capital , Earnings
Exxon Mobil Posts Biggest Quarterly Profit in a Year
Exxon Mobil’s quarterly earnings results highlighted how oil producers are taking advantage of a recovery in oil prices to cut debt and boost shareholder payouts rather than spending more to raise production
Public Capital , Earnings
Chevron Joins Share Buyback Stampede as Profit Tops Estimates
Lower costs and higher prices generated the highest cash flow in two years, enabling Chevron to pare debt and resume share repurchases, company executives said.