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October 29, 2021

A wet gas windfall: propane inventory squeeze possible as winter approaches- oil and gas 360

A wet gas windfall: propane inventory squeeze possible as winter approaches

October 29, 2021

Oil and Gas 360 By: Tim Rezvan, CFA- EnerCom As we approach the midpoint of 3Q earnings season in the oil patch, we continue to see strong signs of capital discipline from the industry, with excess CF generally being earmarked for debt reduction, dividend growth and/or share repurchases. But while capital discipline strengthens balance sheets, it does not increase beleaguered

Exxon, Chevron target billions in share buybacks as cash flow surges- oil and gas 360

Exxon, Chevron target billions in share buybacks as cash flow surges

October 29, 2021

World Oil HOUSTON (Bloomberg) –Exxon Mobil Corp. and Chevron Corp. are plowing windfall profits into share buybacks as soaring energy prices boost their cash flow. Exxon will revive repurchases for the first time since 2016. The company said Friday it plans to spend as much as $10 billion on repurchases starting next year. Chevron is considering an expansion of its

Phillips 66 posts second straight quarterly profit as fuel demand rebounds- oil and gas 360

Phillips 66 posts second straight quarterly profit as fuel demand rebounds

October 29, 2021

Reuters U.S refiner Phillips 66 posted its second straight quarterly profit on Friday as demand for gasoline, diesel and other distillates bounced back from pandemic lows thanks to vaccinations and easing restrictions. Energy demand has recovered swiftly from the worst days of the COVID-19 outbreak in 2020, and Brent and U.S. crude oil prices have reached multi-year highs in recent

U.S. rig count had an increase of 1 this week, at 585- oil and gas 360

U.S. rig count increased by 2 this week, at 544

October 29, 2021

Oil and Gas 360 This week’s Baker Hughes rig count shows that U.S. had an increase of 2 over last week, resulting in a total count of 544 rigs. Canada had an increase of 2 over last week, resulting in a total Canadian count of 166 rigs. Breakdown by region Of the regions tracked by Baker Hughes, the DJ-Niobrara and

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