Tamarack Valley Energy Announces Strong Third Quarter 2022 Financial Results, Operational…
Calgary, Alberta–(Newsfile Corp. – October 27, 2022) – Suncor (TSX: SU) (NYSE: SU) will rel…
Oil Price Despite weaker oil prices during the third quarter, the oil industry is still booking strong financial results. According to some, this is “awkward” because it is happening during a time of economic hardship. Besides being awkward, however, Big Oil’s profits will likely draw more political pressure from desperate governments. Bloomberg reported this week that, based on data it had compiled, the
CNBC British oil major Shell on Thursday reported that quarterly profits more than doubled from the same period last year, but lower refining and trading revenues brought an end to its run of record earnings. Shell posted adjusted earnings of $9.45 billion for the three months through to the end of September, meeting analyst expectations of $9.5 billion according to Refinitiv.
Oil Price Saudi Arabia’s national oil company Saudi Aramco has launched a $1.5 billion Sustainability Fund that will invest in technology supporting a “stable and inclusive” energy transition, making this among the largest-ever sustainability-focused venture capital funds in the world. “Managed by Aramco Ventures, the fund is an extension of the Company’s efforts to meet the world’s growing energy demand, with lower greenhouse
World Oil (Bloomberg) — House Republicans are launching an investigation into what they say could be the “potential misuse” by the Biden administration of the nation’s emergency oil reserves to lower gasoline prices, as well as White House deliberations over a fuel-export ban. The move by the Republicans on the House Committee on Oversight and Reform previews a more robust probe
Exxon Mobil Stock: Exxon Mobil ( NYSE:XOM ) and Chevron ( NYSE:CVX ), coming off …
Oil Price TotalEnergies (NYSE: TTE) posted a record profit for the third quarter, driven by high energy prices and soaring prices of LNG as Europe scrambles to procure gas ahead of the winter. TotalEnergies reported on Thursday an adjusted net income of $9.9 billion for the third quarter—more than double the adjusted earnings for Q3 2021 and a record for the
BOE Report LONDON – Oil rose on Thursday, extending a rally of nearly 3% in the previous session, as optimism over record U.S. crude exports and signs that recession fears are abating outweighed concern over slack demand in China. Figures on Wednesday showed record U.S. crude exports, a hopeful sign for demand, even as crude stocks rose. The U.S.
Energy stocks are starting to move higher again after the recent pullback. Investors who mi…
Natural Gas Inventories as of October 21, 2022 The EIA has released its natural gas inventory report, showing a net increase of 52 Bcf as of October 21, 2022. Working gas in storage was 3,394 Bcf as of Friday, October 21, 2022, according to EIA estimates. This represents a net increase of 52 Bcf from the previous week. Stocks were
1.Q3 on Q2 change Quarter Analysis1 Income attributable to Shell …
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