October 24, 2023

Value gap between European, U.S. oil majors “stubbornly wide” amidst Exxon, Chevron megadeals

October 24, 2023

World Oil (Bloomberg) – Europe’s oil majors seem to finally be winning back investors by refocusing on their core business, yet the valuation gap with their dealmaking U.S. peers remains stubbornly wide. After companies such as bp Plc embraced net zero targets during the pandemic, Russia’s invasion of Ukraine has given them the opportunity to pivot back to fossil fuels.

United States oil ETF is once again world’s largest oil fund

October 24, 2023

Oil Price Thanks to steady inflows in recent weeks, United States Oil ETF (NYSEARCA: USO) is once again the biggest oil exchange-traded fund in the world in terms of total assets, topping WisdomTree Brent Crude Oil fund for the first time since the beginning of this year. As of Monday, October 23, United States Oil ETF had total net assets of $1.876

US energy M&A slows in Q3, but October’s mega deals to spark activity – Enverus

October 24, 2023

Nasdaq Blockbuster takeovers by U.S. oil and gas majors Exxon and Chevron this month may spark further consolidation in the energy industry after a quieter third quarter for mergers and acquisitions in the sector, analytics firm Enverus said. There were 25 U.S. oil exploration and production deals worth $14 billion in the last quarter, Enverus said on Tuesday. This was

Halliburton profit beats as higher global drilling offsets weak N.America

October 24, 2023

Yahoo Finance Halliburton’s third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. The increased demand comes as oil and gas companies reinvest their record profits from the market disruption caused by Russia’s invasion of Ukraine to intensify the hunt for new offshore and international sources. “Looking ahead expect to see

Oil prices fall amid flurry of weak European economic data

October 24, 2023

CNBC Oil prices fell on Tuesday for the third straight session, after a flurry of slow economic data from Germany, the euro zone and Britain that weighed on the outlook for energy demand. Brent crude futures were down $1.76, or 2%, at $88.07 a barrel. U.S. West Texas Intermediate crude futures were down $1.91, or 2.2%, at $83.58 a barrel. Euro

Value gap between European, U.S. oil majors “stubbornly wide” amidst Exxon, Chevron megadeals

United States oil ETF is once again world’s largest oil fund

US energy M&A slows in Q3, but October’s mega deals to spark activity – Enverus

Halliburton profit beats as higher global drilling offsets weak N.America

Oil prices fall amid flurry of weak European economic data

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