Summary Exxon raises dividend by 4% to $1.03 per share Company on track to complete $20 billion share buyback this year Exxon incurs $510 million in restructuring costs in Q3 (Reuters) – Exxon Mobil beat Wall Street estimates for third-quarter earnings on Friday, underpinned by higher oil and gas production in Guyana and the Permian Basin, …
Exxon Beats Q3 Profit Estimates on Higher Guyana, Permian Production Read More »
Summary Hess acquisition helps boost Chevron’s quarterly profit Cash flow grows 20% year-on-year on rise in output ‘High confidence’ free cash flow will keep growing, CFO says Upstream earnings decline 28% due to lower oil prices Downstream profit jumps 91% (Reuters) – Chevron beat analyst estimates on Friday as record oil and gas production, boosted by …
Chevron Tops Q3 Earnings Estimates with Record Production After Hess Deal Read More »
Summary Deal offers US government potential 20% stake in Westinghouse Safety advocates warn of risks due to financial incentives Experts question workforce capacity for rapid reactor construction Oct 31 (Reuters) – A huge nuclear deal announced by the Trump administration earlier this week provides a multi-billion-dollar incentive for the U.S. government to issue permits and approvals for …
Trump’s Big Nuclear Reactor Push Raises Safety Concerns Read More »
Summary Brent, WTI set to fall about 3.5% in October OPEC+ lean towards modest output boost ahead of Sunday meeting, sources say Saudi prices for Asian buyers might fall in Dec. -sources China factory activity shrinks for seventh month, PMI shows (Reuters) – Oil prices were heading for a third consecutive monthly decline, slipping on …
Oil Heads for Third Monthly Decline as Dollar, OPEC+ Supply Weigh Read More »
By Ari Natter and Annmarie Hordern Oil storage tanks in Crockett, California. Photographer: David Paul Morris/Bloomberg Energy Secretary Chris Wright said the US is prepared to sell more oil and natural gas to China if Beijing cuts back on purchases from Russia. “There’s so much space for mutually beneficial deals between the US and China,” …
US Is Ready to Sell More Oil and Gas to China, Energy Chief Says Read More »
An LNG Plant in Sabetta, Russia. Photographer: Sefa Karacan/Anadolu Agency/Getty Images Russia’s liquefied natural gas will find other markets after the European Union bans imports from 2027, said Leonid Mikhelson, the billionaire chief executive officer at Novatek PJSC. “Russia currently accounts for over 10% of global LNG production,” Mikhelson said at the Verona Eurasian Economic …
Russian LNG Will Find New Markets After EU Ban, Novatek CEO Says Read More »
By Shadia Nasralla and America Hernandez LONDON, Oct 30 (Reuters) – Shell (SHEL.L) and TotalEnergies (TTEF.PA), the world’s two largest listed LNG traders, said on Thursday that the exact timing of new LNG projects starting up around the world is in flux, which could create uncertainty about long-term supply. New LNG projects are seeing delays …
Shell, Total Flag Uncertainty in Timing of New Global LNG Supply Read More »
Analyst says WCS price boost reflects global shortage By Will Gibson Follow CEC on Linkedin CEC Linkedin Follow CEC on Facebook CEC Facebook Follow CEC on Twitter CEC Twitter Worker at an oil sands SAGD well pad in northern Alberta. Photo courtesy Strathcona Resources Once priced at a steep discount to its lighter, sweeter counterparts, Canadian oil has …
Canada’s Heavy Oil Finds New Fans as Global Demand Rises Read More »
By Andrew Mills Deputy Bureau Chief, Gulf I’m writing Gulf Currents this week from an aircraft 20,000 feet above the Saudi desert, because, like most Reuters’ Gulf correspondents in recent weeks, I too am crisscrossing the Arabian Peninsula to break news on the region’s most important stories. This week’s main offering comes from Riyadh, where …
Reuters Gulf Currents Newsletter – Big Pivot for Saudi’s Wealth Fund Read More »
The U.S. Army Corps of Engineers has granted approval to Canadian company Enbridge for its plan to reroute a section of its Line 5 oil pipeline around a Wisconsin tribal reservation. The Army Corps, a federal engineering service, issued a permit Wednesday for Enbridge to build a new 41-mile segment of pipeline around the Bad …
US Army Corps Approves Enbridge’s Line 5 Reroute in Wisconsin Read More »
