Pietro D
Pitts
Hart Energy
Cheniere Unveils ‘20/20 Vision,’ Eyes $4 Billion Share Buyback
Cheniere Energy says operational excellence has enabled accelerated and enhanced execution of its capital allocation plan and will fuel further debt reduction and continued share repurchases and higher dividends.
E&P Executive Compensation: Better Aligned
Analysis of annual incentive plan compensation formulas for 20 of the largest publicly traded U.S. E&P companies revealed just how dramatically executive compensation metrics have evolved in recent years.
Zelenskiy Advisers Ask TotalEnergies to Reject Russia ‘Blood Money’ Dividend
In a Sept. 1 letter to TotalEnergies CEO Patrick Pouyanne, Zelenskiy advisers Oleg Ustenko and Mykhailo Podolyak said the French firm was due to receive a 440 million euro dividend from gas firm Novatek, in which it has a 19.4 % stake.
Norwegian Energy Group Equinor Completes Russia Exit
Equinor’s announcement marks the first full, orderly exit from Russia by an international oil and gas company as pressure to leave mounts on others, such as TotalEnergies and Exxon Mobil.
Shell CEO Ben van Beurden Reportedly Prepares to Step Down Next Year
Shell's board succession committee has met several times in recent months to draw up plans for CEO Ben van Beurden’s departure and interview potential successors to the 64-year-old Dutchman, the sources said.
Permian Resources Corp. Debuts Upon Closing of Centennial, Colgate Merger
Newly formed Permian Resources is the largest pure-play E&P company in the Delaware Basin with roughly 180,000 net acres across southeastern New Mexico and West Texas.
Chesapeake Rocks a Returns Runway: C-suite Chat with CEO Nick Dell’Osso
You can probably call it a comeback—for both natural gas and the company that pioneered the shale drilling of it. The second quarter showed that Chesapeake Energy Corp. is making good on its pledges to return cash to shareholders, green up its production and exit the oil side of the industry. And as Russia’s war on Ukraine flips the narrative on energy security and access to natural gas in Europe, Chesapeake’s timing is on schedule.
Devon Energy’s Gaspar on Consolidation: Everyone is Expendable, Including Him
With $2.6 billion in acquisitions this year, Devon Energy has made its first expansions since Devon and WPX merged in January 2021. Still, COO Clay Gaspar said the industry remains “fractured.”
Diamondback Energy Completes $575.2 Million Merger with Rattler Midstream
Diamondback Energy announced the agreement in May to acquire all the publicly held common units it doesn’t already own in Rattler Midstream, roughly three years after Diamondback took its midstream subsidiary public.
ESG Disclosures: SEC Proposed Rules an Opportunity
Here’s how PwC’s Reid Morrison advises oil and gas producers prepare for new ESG reporting requirements proposed by the SEC.