Exploration & Production

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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 …

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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 …

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AI Topics for Your Management and Board of Directors – Part 1 – Yogi Schulz

Artificial Inteligence, Energy Topics & Technology, Exploration & Production, Latest, US News / By

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 …

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SLB Wraps Up Oilfield Services Quarter With Profit Miss, Cautious Outlook

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Natural Gas, OFS-Oilfield Services, Oil / By

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, …

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Baker Hughes Forecasts Drop in Producer Spending as Tariffs Pinch Demand

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

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 …

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Devon Energy Gains on Plans to Boost Free Cash Flow by $1 Billion

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

** Shares of oil and gas producer Devon Energy rise 3.7% to $30.57 premarket  ** Company says it plans to boost its annual free cash flow by $1 billion by the end of 2026 ** “The $1 billion savings is significantly above our expectations and the $300-$500 million range we think investors anticipated” – RBC …

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FTC Takes Step Toward Reversing Chevron, Exxon Board Restrictions

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

(Reuters) – The U.S. Federal Trade Commission took a step toward potentially reversing bans on certain oil executives joining the boards of Chevron and Exxon Mobil that the Biden administration made a condition that allowed them to acquire two other oil producers. Exxon, which acquired Pioneer Natural Resources last year, had agreed to bar former …

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Chevron to ‘Triple-Frac’ Half of Permian Oil Wells in 2025 to Cut Costs, Time

Conventional Energy, Energy Topics & Technology, Exploration & Production, Fracking, Latest, Pinned Primary, US News / By

*Chevron’s triple-frac cuts well completion time by 25% *Technique reduces costs per well by 12% *Triple-frac requires 60% more water and sand per day By Sheila Dang2 HOUSTON, April 9 – U.S. oil major Chevron plans to increase the use of a technique that allows it to fracture subterranean rock in three wells at a …

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ConocoPhillips Eyes Sale of Oklahoma Assets Worth Over $1 Billion

Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Natural Gas, Oil, US News / By

(Reuters) – ConocoPhillips is exploring the sale of oil and gas assets in Oklahoma that it inherited from its $22.5 billion takeover of Marathon Oil last year, people familiar with the matter said. The energy producer has hired investment bank Moelis & Co to run the sale process for the assets, the sources said, adding …

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Diamondback Energy, Inc. Announces Closing of Double Eagle Acquisition

Energy Topics & Technology, Exploration & Production, Latest, Press Releases / By

MIDLAND, Texas, April 01, 2025 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or “the Company”) today announced that it has completed its previously announced acquisition of certain subsidiaries of Double Eagle IV Midco, LLC (“Double Eagle”). About Diamondback Diamondback is an independent oil and natural gas company headquartered in Midland, Texas focused on the acquisition, …

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