Conventional Energy

Auto Added by WPeMatico

Big Oil Earnings Show Split in Production Strategy, Shareholder Returns

Conventional Energy, Latest, Oil, US News / By

By Sheila Dang and Shadia Nasralla Exxon and Shell maintain buybacks amid oil price slump Chevron and BP reduce buybacks due to market conditions Exxon benefits from Guyana oilfield, Chevron seeks entry HOUSTON/LONDON, May 2 (Reuters) – Big Oil’s first-quarter earnings have shown a clear split in how companies are positioned to weather the downturn …

Big Oil Earnings Show Split in Production Strategy, Shareholder Returns Read More »

Oil Posts Biggest Weekly Loss in a Month Ahead of OPEC+ Meeting

Conventional Energy, Latest, Oil, US News / By

By Shariq Khan Oil down 8% this week in steepest weekly decline since March OPEC+ moves up meeting to discuss June output plan to May 3 Group to decide whether to accelerate or slow supply hikes Signs of trade-war de-escalation help check oil’s decline NEW YORK, May 2 (Reuters) – Oil prices fell over 1% …

Oil Posts Biggest Weekly Loss in a Month Ahead of OPEC+ Meeting Read More »

OPEC+ Moves Forward its Meeting to Saturday, Sources Say

CDN and International News, Conventional Energy, Energy Topics & Technology, Latest, Oil, OPEC / By

(Reuters) – A meeting of eight OPEC+ countries to decide on their plan for oil production policy in June will now take place on Saturday instead of Monday as originally planned, three sources with knowledge of the matter told Reuters on Friday. It was not immediately clear why the meeting was brought forward. The eight …

OPEC+ Moves Forward its Meeting to Saturday, Sources Say Read More »

Exxon Beats Wall Street Profit Estimate, Boosted by Guyana and Permian Production

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Oil, US News / By

Summary Exxon on track to meet annual share repurchase target Lower-cost production in Permian, Guyana helps boost earnings Oil and gas production up from a year ago Shares rise about 1% in pre-market trade HOUSTON, May 2 (Reuters) – Exxon Mobil  on Friday beat Wall Street’s estimate for first-quarter profit as higher oil and gas production …

Exxon Beats Wall Street Profit Estimate, Boosted by Guyana and Permian Production Read More »

Chevron Meets Wall Street Profit Estimates But Buts Buybacks in Q2

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, Oil, US News / By

Summary   Chevron maintains dividend and share buyback strategy despite lower crude prices Production flat year-over-year, impacted by asset sales Chevron’s Q1 oil and gas earnings drop from previous year HOUSTON, May 2 (Reuters) – Chevron  on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in …

Chevron Meets Wall Street Profit Estimates But Buts Buybacks in Q2 Read More »

Venture Global Raises $3 Billion Towards Building CP2 Louisiana LNG Plant

Conventional Energy, Latest, LNG, US News / By

Venture Global has raised $3 billion in debt finance towards the construction of its CP2 LNG plant in Louisiana, which would be the largest single liquefied natural gas plant in the U.S., the company said on Thursday. Venture Global is the U.S.’ second-largest LNG exporter and has played a key role in making the country …

Venture Global Raises $3 Billion Towards Building CP2 Louisiana LNG Plant Read More »

Trump Says Buying Iranian Oil Must Stop, Threatens Secondary Sanctions on Purchasers

Conventional Energy, Latest, Oil, US News / By

(Reuters) – U.S. President Donald Trump said all purchases of Iranian oil or petrochemical products must stop and any country or person buying any from the country would be immediately subject to secondary sanctions. “They will not be allowed to do business with the United States of America in any way, shape, or form,” he …

Trump Says Buying Iranian Oil Must Stop, Threatens Secondary Sanctions on Purchasers Read More »

TC Energy’s Quarterly Profit Misses on Power Segment Weakness

Conventional Energy, Energy Topics & Technology, Latest, Oil, Pipelines / By

Summary Power segment profit falls 30% on repairs at Bruce Power nuclear reactor TC Energy announces new gas and nuclear projects worth C$2.4 billion Company’s US-listed shares drop 4% May 1 (Reuters) – Canadian pipeline operator TC Energy on Thursday missed analysts’ estimates for first-quarter profit on weakness in its power and energy solutions business, while …

TC Energy’s Quarterly Profit Misses on Power Segment Weakness Read More »

Oil Drops on US Economic Contraction, Possible OPEC+ Supply Rise

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

Summary Saudi willing to sustain lower prices for longer: sources US economy contracts in first quarter US crude stockpiles fell by 2.7 million barrels last week LONDON, May 1 (Reuters) – Oil prices fell on Thursday, extending a steep decline the previous session due to signs that Saudi Arabia, the world’s largest crude exporter, could …

Oil Drops on US Economic Contraction, Possible OPEC+ Supply Rise Read More »

Subscribe
Subscribe