Dallas-based E&P Granite Ridge Resources did not report a reason for President and CEO Luke Brandenberg’s departure but wrote in the announcement that the “leadership transition is unrelated to the company’s performance or operations.”
After overinvestment followed by a pullback, the oil and gas industry has begun delivering better returns, finance leaders say. Investors are noticing.
Sable Offshore’s upsized offering represents an increase of approximately 28.25% in value from its previously announced $200 million stock offering.
Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.
Dallas-based E&P Granite Ridge Resources did not report a reason for President and CEO Luke Brandenberg’s departure but wrote in the announcement that the “leadership transition is unrelated to the company’s performance or operations.”
After overinvestment followed by a pullback, the oil and gas industry has begun delivering better returns, finance leaders say. Investors are noticing.
Shares of nuclear power companies surged after U.S. President Donald Trump signed executive orders seeking to cut down on industry regulations and fast-track new licenses for reactors and power plants.
Sable Offshore’s upsized offering represents an increase of approximately 28.25% in value from its previously announced $200 million stock offering.
Securities analysts expect some M&A may be coming from the growing oil and wet-gas results in eastern Ohio, they report, including by newly public Infinity Natural Resources.
Chevron Corp. reported that between January and March 2025 it purchased about 5% of Hess Corp. shares, according to a Securities and Exchange Commission filing.
Gas pureplay Expand Energy will be elevated on March 24 from its position in the S&P MidCap 400 index.
The 12-year-old privately held E&P Ascent Resources produced 2.2 Bcfe/d in the fourth quarter, including 14% liquids from the liquids-rich eastern Ohio Utica.
Venture Global LNG missed market expectations in its first earnings report and shares fell further with the announcement of an $18 billion brownfield expansion at Plaquemines.
Occidental Petroleum’s offer to warrant-holders at a reduced exercise price of $21.30 would raise $1.6 billion, the company said.