Tuesday, January 7, 2025

Total beats quarterly forecasts despite low oil price, raises payout

Reuters ABERDEEN, Scotland – Total (TOTF.PA) beat forecasts on Thursday by keeping net adjusted fourth-quarter profit steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy firm’s shares. The stock rose about 3% before easing off its highs as the company bucked a trend in the industry which has seen profits

Weekly Gas Storage: Inventories decrease by 137 Bcf

Natural Gas Inventories as of January 31, 2020 The EIA has released its natural gas inventory report, showing a net decrease of 137 Bcf as of January 31, 2020. Working gas in storage was 2,609 Bcf as of Friday, January 31, 2020, according to EIA estimates. This represents a net decrease of 137 Bcf from the previous week. Stocks were

Black Stone Minerals cuts investor payouts by almost 20%- oil and gas 360

Black Stone Minerals cuts investor payouts by almost 20%

Houston Chronicle Black Stone Minerals said it will cut its quarterly payouts to investors by almost 20 percent because of falling oil and gas prices. In another sign of the weakening energy sector, the Houston oil and gas royalties firm will reduce its distributions to 30 cents per unit from 37 cents. This is the first time Black Stone has