Pietro D
Pitts
Hart Energy
Occidental Petroleum Posts $3.6 Billion Profit, Resumes Buybacks
Occidental Petroleum’s share price has more than doubled this year to $65.06 on Aug. 2, with the company benefiting from rising oil prices following Russia’s invasion of Ukraine.
Chevron Appoints Alana Knowles to Succeed David Inchausti as Controller
David Inchausti will resign from the vice president and controller position effective Feb. 28, 2023. He is expected to retire from the company in April 2023 after 35 years of service.
BP Boosts Dividend after Profit Hits 14-year High
BP brings the second quarter profit tally for the top Western oil and gas companies to $59 billion after rivals including Exxon Mobil and Shell reported record earnings last week.
Devon, Diamondback Energy Power Past Estimates on Oil Price Surge
Both U.S. shale producers sweetened the pot for investors by announcing higher returns, with Devon Energy raising its quarterly dividend to $1.55 from $1.27 and Diamondback Energy hiking share repurchases by $2 billion to $4 billion.
Exxon Mobil Eyes Flat Production, Increased Dividends and Share Buybacks
Despite Exxon Mobil’s pledge to return approximately $30 billion via share repurchases and a nearly equivalent amount via dividends in 2022, some analysts highlighted at least one issue with the oil major’s plans.
Women in Energy: Sarah Morgan, Vinson & Elkins
Today’s featured 25 Influential Women in Energy honoree is Sarah Morgan, partner of Vinson & Elkins LLP who co-heads the firm’s mergers and acquisitions and capital markets practice group based in Houston.
Opinion: What Elon Musk Can Learn from an Oil and Gas Producer
Wall Street doesn’t want oil and gas producers to spend money; they want to harvest it instead. It would be Harold Hamm who would go first to tell Wall Street, “Nope,” writes Nissa Darbonne, Oil and Gas Investor executive editor-at-large.
Big Oil’s Q2 Profits Hit Record $50 Billion—with BP Yet to Come
Exxon Mobil, Chevron, Shell and Total returned a total of $23 billion to shareholders in the second quarter in dividends and share repurchases, based on Reuters calculations.
Continental’s Solid Q2 Overshadowed by Harold Hamm’s Take-private Offer
An analyst said Harold Hamm’s $4.1 billion offer to Continental Resources private remains the “elephant in the room” for the company.
Exxon Mobil Posts Record-breaking Second-quarter Profit
Exxon Mobil’s results also beat its best quarter of 2008, when Brent crude oil prices peaked at $147/bbl, and its best-ever quarter reached in 2012, when the company earned $15.9 billion.