Imperial Oil Limited engages in exploration, production, and sale of crude oil and natural gas in Canada. The company operates through three segments: Upstream, Downstream and Chemical segments. The Upstream segment explores for, and produces crude oil, natural gas, synthetic oil, and bitumen. IMO $52.7600 0.2500 % 0.4800 Imperial Oil Ltd Sector : Oils-Energy Industry […]
Read More(Bloomberg) — Big Oil is raking in historic amounts of cash, but the windfall isn’t being invested in new production to help displace Russian oil and gas. Instead, executives are rewarding shareholders — setting the world up for an even tighter energy market in the years ahead. The West’s five biggest oil companies together earned […]
Read More(Bloomberg) — Chevron Corp. lifted its production target in North America’s biggest oil field in a sign that U.S. shale is responding to $100-a-barrel crude despite rising cost pressures and equipment shortages. Chevron will produce at least 15% more from the Permian Basin this year compared with 2021, for a total output of about about […]
Read More(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc., which contended for years with high valuations stifling deal prospects, is back on its stock-buying game. The conglomerate made roughly $41 billion of net purchases in the first quarter, including a boost to its Chevron Corp. stake that vaulted the investment into Berkshire’s top four common stock holdings. […]
Read More(Bloomberg) — Saudi Arabia, the largest oil exporter, will likely boost pricing of its main crude variety to a record as the impact of Russia’s invasion of Ukraine reverberates through markets more than a month after the assault. Saudi Aramco may raise the official selling price of its key Arab Light crude by $5 a […]
Read MoreThe global oil market was tight even before the Russian invasion of Ukraine, but Putin’s war and its consequences on Russian crude supply and energy prices have the potential to hurl the market into a major supply shock comparable with the 1973 Arab oil embargo. Oil stocks in major oil-consuming developed economies, including in the […]
Read MoreVista Oil & Gas, S.A.B. de C.V., through its subsidiaries, engages in the exploration and production of oil and gas in Latin America. The company’s principal assets located in Vaca Muerta with approximately 134,000 acres. VIST $8.1300 -0.1900 % -2.2800 Vista Oil & Gas S.A.B. DE C.V. ADR Sector : Oils-Energy Industry : Oil – […]
Read More(Bloomberg) — Shell Plc, Europe’s largest oil company, bought a cargo of Russia’s flagship crude at a record discount, underscoring the company’s decision to keep buying supplies from the country after its invasion of Ukraine. The company paid about $28.45 a barrel below Dated Brent, a benchmark for physical oil trades globally, taking the cargo […]
Read More(Bloomberg) — Occidental Petroleum Corp. is buying back $2.5 billion of its bonds as the junk-rated company seeks to cut debt after reporting better-than-expected earnings with rising crude prices. The oil producer launched a tender offer Monday to repurchase 15 tranches of notes with maturities ranging from 2023 to 2049. Some of its targeted bonds […]
Read More(Bloomberg) — Demand destruction is the only thing that can stop oil shooting higher after the U.S. and European allies unleashed additional curbs on Russia following its invasion of Ukraine, according to Goldman Sachs Group Inc. The bank raised its one-month forecast for Brent crude to $115 a barrel, from $95, with significant upside risks […]
Read MoreEnerplus Corporation, together with subsidiaries, engages in the exploration and development of crude oil and natural gas in the United States and Canada. ERF $12.2400 0.3000 % 2.5100 Enerplus Corp Sector : Oils-Energy Industry : Signal Short Term Trend Long Term Trend BUY UP UP Day: 2.51% Wk: 2.43% Mo: 10.87% Yrly: 152.89% YTD: 15.69% […]
Read More(Bloomberg) — Oil extended its retreat from a seven-year high, slipping back below $100 a barrel in London, as Russia’s invasion of Ukraine forced traders to grapple with a fluid market environment. Brent futures rallied above $105 a barrel on Thursday as Russia launched an attack on its neighbor, though prices subsequently retreated as it […]
Read MoreIran has risen above Russia on the oil market radar due to reports from multiple sources that a new nuclear deal is very close to being agreed upon. Rumors that Russia was about to invade Ukraine sent oil prices soaring earlier in the week, but tensions eased slightly as the week went on. Friday, February […]
Read More(Bloomberg) — Continental Resources Inc. plunged as much as 44% after founder and majority owner Harold Hamm distributed shares to family members, slashing his stake in the shale driller by more than two-thirds. Hamm, the Oklahoma wildcatter who helped usher in the shale-oil breakthroughs that made him a billionaire, held more than 81% of Continental’s […]
Read More(Bloomberg) — ConocoPhillips said traders should be worried about strong oil production growth coming out of the U.S. this year and in 2023, potentially echoing the supply surges of the past decade. The Houston-based oil major upgraded its forecast for U.S. oil supply growth this year after surprise announcements in recent days by Exxon Mobil […]
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