Advantaged portfolio, integration, and structural savings support earnings and cash flow in volatile market Reported EPS of $3.48, or $3.52 adjusted EPS1 Highest Upstream production in more than two decades, excluding the Middle East disruptions2 Record Permian production, consistent with planned 9% CAGR through 2030, exceeding all competitors3 Fifth Guyana FPSO set sail with …
ExxonMobil Announces Second-Quarter 2026 Results Read More »
Summary Adjusted earnings reach $12 billion, or $6.06 per share Chevron will maintain dividend and buyback range, CFO says Hess acquisition delivers $1.5 billion in deal synergies ahead of schedule HOUSTON, July 31 (Reuters) – Chevron surpassed analyst estimates for second-quarter earnings on Friday, reporting its highest quarterly profit in at least six years as the …
Chevron Records Highest Quarterly Profit in Six Years, Beating Analyst Estimates Read More »
Summary Brent and WTI on track for monthly rises Two VLCCs exit Strait of Hormuz, Bab el-Mandeb sees 29 commodity vessels transit ADNOC buys tankers as Red Sea, Hormuz crisis reshape oil trade Ukraine’s military says it hit Russia’s Volgograd oil refinery July 31 (Reuters) – Oil prices were steady on Friday and on track …
Oil Steady as Traders Assess Shipping Flows; Monthly Gains in Sight Read More »
A U.S. appeals court found Enbridge liable for trespass for running a pipeline under land belonging to a northern Wisconsin tribe, but gave the Canadian energy company more time to reroute the pipeline and ordered a recalculation of damages. Thursday’s decision by the 7th U.S. Circuit Court of Appeals in Chicago addressed appeals from a federal district …
Summary Adjusted earnings rise 67% from first quarter to $14.7 billion Second-quarter production slips to 4.5 million boepd from 4.6 million boepd About 450,000 boepd offline in Qatar, CFO says Permian output topped 1.8 million bpd HOUSTON, July 31 (Reuters) – ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, sending its shares down about …
ExxonMobil Misses Second-Quarter Profit Estimates Read More »
Summary Deal for up to $720 million Unit holds stake in block containing Aphrodite gas field Deal part of Shell’s efforts to expand LNG portfolio (Reuters) – Shell said on Friday it had agreed to sell its BG Cyprus unit to Hungarian oil and gas firm MOL Group for up to $720 million, as the British …
Shell to Sell Cyprus Unit for Up to $720 Million as it Focuses on LNG Read More »
(Reuters) – For years, China was viewed by liquefied natural gas (LNG) producers as the key driver of future demand growth, helping to justify billions of dollars in export infrastructure investment from the U.S. Gulf Coast to Qatar. But China’s appetite for the super-chilled fuel is flagging, even as producers prepare a wave of new …
China’s Shifting Energy Mix Weakens Pillar of Global LNG Growth Read More »
By Melissa Garside | Design Cynthia Tran Vo Key Takeaways China produced 5.3 billion metric tons of minerals in 2024—26.9% of the global total. The top five producers accounted for 61% of global mineral production. Asia-Pacific generated just over half of the world’s mineral output. Minerals are essential to energy systems, construction, manufacturing, and advanced …
Ranked: The World’s Biggest Mineral Producers – Visual Capitalist Read More »
July 30 (Reuters) – Venezuelan officials and oil executives have moved ahead with the migration of dozens of joint ventures to new terms approved in a sweeping government reform, but delays remain in finalizing the agreements needed to greenlight the projects, four sources involved in the preparations said. Venezuela’s oil ministry had set July 28 …
Oil Companies Signing Agreements in Venezuela, But Delays Persist Read More »
(Reuters) – A drone strike that damaged two gas tankers in Egyptian waters has renewed energy security concerns about the nearby Suez Canal and a related pipeline, a vital export route for Saudi Arabian oil since the beginning of the Iran war. Even as Iran and its Houthi allies have fired on tankers transiting the …
Drone Strike in Egypt Sparks Security Concerns About Suez Oil Exports Read More »
