Pietro D
Pitts
Hart Energy
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.
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.