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By Sheila Dang Arbitration tribunal under ICC to analyze dispute in confidential hearing in London Chevron acquisition of Hess hangs in the balance Resolution expected by end of third quarter, faster than typical ICC arbitration HOUSTON, May 23 (Reuters) – Top U.S. oil producer Exxon Mobil (XOM.N) and Hess (HES.N) will meet face-to-face on Monday …
Exxon, Hess to Face Off Over Chevron Deal for Oilfield Riches Read More »
By Svea Herbst-Bayliss and David French Phillips shareholders elect two of activist investor’s nominees Oil refiner also sees two of its nominated directors elected Analysts say vote means some change but no big mandate for transformation Elliott had never had a US based proxy fight go to a vote NEW YORK, May 21 (Reuters) – …
Elliott Wins Two Seats, Phillips 66 Retains Two Seats in Hotly Contested Board Fight Read More »
May 8 (Reuters) – ConocoPhillips (COP.N) beat Wall Street estimates for first-quarter profit on Thursday and said Chief Financial Officer Bill Bullock will retire after nearly four decades with the oil and gas producer. The company’s $22.5 billion acquisition of Marathon Oil in November has boosted ConocoPhillips’ presence in the Permian, Eagle Ford and Bakken …
ConocoPhillips Beats First-Quarter Profit Target, Announces CFO Retirement Read More »
If Shell acquires BP, it would create a European oil major that could challenge industry leaders Exxon Mobil Corp. and Chevron Corp., with upstream oil and gas production of nearly 5 million barrels of oil equivalent a day. Summary by Bloomberg AI The deal would give Shell dominance in LNG sales, with combined sales jumping …
BP-Shell Megadeal Would Create European Rival to Exxon Mobil Read More »
By Shadia Nasralla Q1 adjusted earnings $5.58 billion above forecast $4.96 billion Will buy back shares worth $3.5 billion in next three months Contrasts with BP that cut buybacks this year CEO says would rather buy back more shares than bid for BP LONDON, May 2 (Reuters) – Shell (SHEL.L) exceeded analyst expectations on Friday, …
Shell Profit Beats Expectations, Buybacks Kept Steady Read More »
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 »
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 »
By Yogi Schulz AI is sweeping through most organizations. It’s out of control, like the Wild West. AI output is showing up in reports and presentations. The Apple App Store and Google Play offer many free AI apps of varying quality. Every AI software vendor provides access to their prompt website. AI output is part …
AI Topics for Your Management and Board of Directors – Part 1 – Yogi Schulz Read More »
Summary SLB joins rivals Halliburton and Baker Hughes in flagging caution Latin America revenue dips 10%, driven by a sharp decline in drilling in Mexico North America revenue rises 8% April 25 (Reuters) – Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, …
SLB Wraps Up Oilfield Services Quarter With Profit Miss, Cautious Outlook Read More »
By Arathy Somasekhar and Mrinalika Roy Baker Hughes sees 2025 upstream capex down by high-single digits Warns of tariff cost impact, working to raise domestic sourcing LNG technologies and equipment seen as bright spot for Baker HOUSTON, April 23 (Reuters) – U.S. oilfield service provider Baker Hughes (BKR.O) on Wednesday forecast steeper drops in spending …
Baker Hughes Forecasts Drop in Producer Spending as Tariffs Pinch Demand Read More »
