Wednesday, December 25, 2024
Valero Energy reports 2023 fourth quarter and full year results- oil and gas 360

Valero Energy reports 2023 fourth quarter and full year results

Oil and Gas 360 January 25, 2024 Reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter and $8.8 billion, or $24.92 per share, for the year Reported adjusted net income attributable to Valero stockholders of $8.8 billion, or $24.90 per share, for the year Returned $1.3 billion to stockholders through dividends

Liberty Energy Inc. announces fourth quarter and full year 2023 financial and operational results and increase in existing share repurchase authorization to $750 million- oil and gas 360

Liberty Energy Inc. announces fourth quarter and full year 2023 financial and operational results and increase in existing share repurchase authorization to $750 million

Oil and Gas 360 January 24, 2024 DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today full year and fourth quarter 2023 financial and operational results. Summary Results and Highlights Revenue of $4.7 billion for the year ended December 31, 2023 Net income1 of $556 million, or $3.15 fully diluted earnings per share (“EPS”), for the year ended December 31, 2023, up

Latin America: The next chapter in China’s global economic strategy- oil and gas 360

Latin America: The next chapter in China’s global economic strategy

Oil Price For decades, China has been a key driver of global economic growth thanks to an economy that managed to maintain blistering growth for what seemed like forever. China’s economy ballooned from $1.2 trillion in 2000 to nearly $18 trillion in 2021, good for a nearly 10% annual clip ever since Beijing embarked on economic reforms in 1978. The

Oil prices rise as U.S. stocks decline and Red Sea tensions increase- oil and gas 360

Oil prices rise as U.S. stocks decline and Red Sea tensions increase

Oil Price Oil prices rose by more than 1% early on Thursday, buoyed by a larger-than-expected U.S. crude draw, Chinese stimulus, and continued attacks by the Houthis in and near the Red Sea. As of 10:50 a.m. ET on Thursday, the U.S. benchmark, WTI Crude, had risen by 1.53% to $76.00. The international benchmark, Brent Crude, was up by 1.36% at $80.95.

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories decrease by 326 Bcf

Natural Gas Inventories as of January 19, 2024 The EIA has released its natural gas inventory report, showing a net decrease of 356 Bcf as of January 19, 2024. Working gas in storage was 2,856 Bcf as of Friday, January 19, 2024, according to EIA estimates. This represents a net decrease of 326 Bcf from the previous week. Stocks were