Four of the five largest global oil companies have now reported results, combining for nearly $50 billion in net income, lifted by tight global markets and disruption following Moscow’s invasion of Ukraine.
The world’s biggest LNG trader Shell missed some of the benefit of the price rise after a fall in production. Meanwhile, TotalEnergies LNG, renewables and power division reported a record income of $3.6 billion in the quarter.
Northern Oil and Gas CEO Nick O’Grady and President Adam Dirlam spoke with Hart Energy at the A&D Strategies and Opportunities Conference in Dallas about the company’s recent acquisition streak in the Permian Basin and additional opportunities on the horizon.
Robert Anderson, Earthstone Energy’s president and CEO, spoke with Hart Energy at the A&D Strategies and Opportunities Conference in Dallas about the company’s extraordinary growth journey and what’s next.
Devon Energy focuses on a business model that bakes shareholder returns into its base formula, enabling growth and investor prosperity during tough times, Corporate Development Officer David Harris told Hart Energy A&D conference attendees.
From energy security to energy transition, Tim Perry, chairman and global co-head of energy and transition at Credit Suisse, shared his outlook for capital markets with Hart Energy conference attendees.
Natural gas producer Chesapeake Energy is preparing for the sale of assets acquired from Wildhorse Resource Development in 2019.
Ithaca Energy produced approximately 66,700 boe/d in the first half of 2022 and is targeting a free float of at least 10% of its issued share capital.
Evercore’s West forecasts Schlumberger and Halliburton will top Wall Street consensus estimates, with Baker Hughes delivering in-line results after pre-announcing headwinds from currency translation and LNG facilities that delayed service work.
Tel Aviv-listed Delek Group, which acquired Ithaca in 2017, would reduce its ownership stake in Ithaca Energy, but would remain a controlling shareholder, Ithaca Energy said.