Deon
Daugherty
Hart Energy
Equinor Sees Q2 Gas Derivatives Gain of up to $550 Million
In the second quarter, Norway’s Equinor sees a positive impact of $400 million to $550 million from trade in natural gas derivatives used to hedge its physical deliveries.
Shell Gets $1 Billion Refining Boost, Upgrades Oil and Gas Assets
The upgrade will result in post-tax impairment reversals of $3.5 billion to $4.5 billion. Shell wrote down more than $22 billion in 2020 when the pandemic led to an oil price collapse.
Ovintiv to Sell ‘Noncore’ Bakken, Uinta Assets for $250 Million
As a result of the agreements to sell portions of its assets located in the Bakken and Uinta basins, Ovintiv said it has elected to accelerate the doubling of its cash returns to shareholders starting immediately.
Wall Street Boosts Exxon Mobil Forecasts as Refining Margins Soar
The largest refiner among the oil majors, Exxon Mobil will be a key beneficiary of a tight refined products market, analysts said.
US Energy Stocks Buck Dismal Trend with ‘Massive Outperformance’
The strong performance of oil and gas stocks in the first half of 2022 marked a stark change in fortunes for a sector that has been on the ropes for years.
Whiting, Oasis Petroleum Become Chord Energy as Merger Closes
The new company, Chord Energy based in Houston, has a premier Williston Basin position with top tier assets across approximately 972,000 net acres and a pledge to return 60% of its free cash flow to shareholders.
Chevron to Sell Existing Headquarters, Relocate within California
Chevron, currently based in San Ramon, California, is expected to shift its headquarters to the new site during the third quarter of 2023.
Murphy Oil CEO Mulls Buybacks Before Reaching $850 Million Debt Target
Oil producers including Murphy Oil are using cash from oil sales to clean their balance sheets and boost distributions to shareholders.
BP Pays Britain $127 Million in Taxes for North Sea Production
The payments only relate to BP’s upstream operations in the country and do not include other corporate taxes such as its retail business.
Exclusive: Chesapeake’s Journey to Becoming ‘Most Compelling Investment Opportunity’
Chesapeake Energy has a story to tell investors about being “frankly, the most compelling investment opportunity in the energy space right now,” CEO Nick Dell’Osso told Hart Energy in an exclusive interview.