Pietro D
Pitts
Hart Energy
Eni Lifts Investor Rewards after Net Profit Jumps
Eni’s move follows similar action by Shell Plc and TotalEnergies SE, which extended share buybacks on July 28 after their second-quarter profits beat an already record-breaking previous quarter.
Why the E&P Sector Should Reach Net-zero—and Fast
While recent events have proven that energy security matters, the oil and gas industry needs to make net-zero a standard to ensure its role in the diversifying energy mix, according to a new report by Kimmeridge.
Buyback Disappointment Takes Shine Off TotalEnergies’ Q2 Profits
Analysts and investors said TotalEnergies’ plans for more share buybacks of up to $2 billion in the third quarter looked conservative.
Hess Eyes Higher Output, Dividends, Stock Repurchases
Hess looks to further boost its production in the Bakken shale play and offshore Guyana in the second half of 2022 while also increasing its dividend and share repurchases.
The Evolution of ESG Reporting for E&P Companies
Developing SEC requirements and market pressure push E&P companies to meet ESG disclosure demands.
Equinor to Return Another $3 Billion to Shareholders on Q2 Profit Beat
“Given Equinor’s net cash position, it is plausible that the specials [dividends] are likely to continue into 2023,” RBC Capital Markets wrote in a note to clients.
Range Resources Repurchases $130 Million in Shares Amid Market Undervaluation
Range Resources intends to reduce its leverage to 0.6x from 1.2x by the end of the year, the Marcellus shale producer said in its earnings report.
Buybacks Ahead? What to Expect from E&P Q2 Earnings
Flush with free cash, largely undervalued and riding a steady wave of high commodity prices, U.S. E&Ps are poised to punctuate second-quarter earnings with stock buybacks. Here’s what else to look for this earnings season.
Shell USA to Acquire Midstream MLP in $1.96 Billion Buyout
Shell USA agreed to acquire all remaining interests in Shell Midstream Partners held by the public at $15.85 per public common unit in cash for a total value of approximately $1.96 billion.
Serica Energy Rejects Kistos’ Revised $1.4 Billion Merger Offer
Kistos, which has a market value of 439.2 million pounds compared with Serica’s 970.8 million, had earlier made public an offer of 382p for each share of Serica, which was rejected by the firm’s board in June.