What's the answer to abundant supply? New demand. The worldwide energy industry is remaking itself as the Utica and Marcellus grow in importance.
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EON Deal Adds Permian Interests, Restructures Balance Sheet
2025-02-11 - EON Resources Inc. will acquire Permian overriding royalty interests in a cash-and-equity deal with Pogo Royalty LLC, which has agreed to reduce certain liabilities and obligations owed to it by EON.
EOG’s Donald F. Textor to Retire from Board
2025-02-11 - Textor was first elected a director of EOG Resources in 2001, where his counsel played a key role in EOG’s growth, Chairman and CEO Ezra Y. Yacob said in a press release.
BP Pledges Strategy Reset as Annual Profit Falls by a Third
2025-02-11 - BP CEO Murray Auchincloss pledged on Feb. 11 to fundamentally reset the company's strategy as it reported a 35% fall in annual profits, missing analysts' expectations.
BP Cuts Senior Leadership Bonuses After Missing 2024 Targets
2025-02-11 - BP will cut performance-related bonuses for its senior leaders to 45% after the company missed some of its financial goals in 2024.
Activist Elliott Builds Stake in Oil Major BP, Source Says
2025-02-10 - U.S.-based Elliott is seeking to boost shareholder value by urging BP to consider transformative measures, Bloomberg News reported Feb. 8.
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