Public Capital

Public Capital , Markets , Emissions

ICE Launches Nature-based Carbon Credit Futures Contract

Many global companies such as oil major Shell have pledged to reach net-zero emissions, and said they will seek to use some nature-based credits, to help compensate for emission reductions they are unable to cut from their operations.

May 9, 2022

Public Capital

BP Boosts Buybacks on Soaring Energy Prices after Costly Russia Exit

The 2022 first-quarter performance was driven by what BP said was an “exceptional” performance in its oil and gas trading division. CFO Murray Auchincloss said volatility in oil and gas prices was the most BP had seen.

May 3, 2022

Public Capital , Earnings , Shale Plays

US Shale Producers Coterra, Devon, Diamondback Top Wall Street Estimates

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.

May 2, 2022

Public Capital , Earnings

Exxon Mobil, Chevron Post Big Revenues, but Wall Street Shrugs

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.

April 29, 2022

IPO , Shale Plays

Shale Gas Producer BKV Corp. Explores Potential IPO: Sources

While the volatility in commodity prices makes its exact valuation uncertain, BKV Corp. may be worth up to $2 billion, including debt, when it lists, sources say.

April 29, 2022

Public Capital , Exploration & Production

Elliott Calls for Suncor Energy Strategic Review, Board Changes

Suncor said it will study Elliott’s recommendations and looks forward to engaging with the firm but added that it is “confident” in its strategy and “will continue to execute” on it.

April 28, 2022

Public Capital , Earnings

TotalEnergies Ramps Up Buybacks After Earnings Leap

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.

April 28, 2022

Public Capital , Energy Transition , ESG

Chevron ESG Leader Talks Finding Balance in ESG, Energy Transition

Plans for energy security and ESG must be balanced, Lisa Epifani, manager of ESG and sustainability for Chevron, said at Hart Energy’s Energy ESG Conference.

April 28, 2022

Public Capital , Shale Plays , Acquisitions & Divestitures

HighPeak Energy to Acquire Hannathon Permian Properties for $373.4 Million

The Hannathon acquisition adds roughly 18,600 net acres largely contiguous to the company’s existing Signal Peak position in the Permian Basin where Chairman and CEO Jack Hightower said HighPeak began its strategic expansion last August.

April 27, 2022

Public Capital

E&P Corporate Financing: Debt Dive

E&Ps are working hard on capital discipline, which has translated largely into shedding billions in debt as they lay the foundation for shareholder returns.

April 27, 2022