BP shares plummet on $2 billion impairment warning
Shares in BP fell by as much as four percent this morning after it warned it was expected to post an impairment of up to $2bn (1.6bn) and was operating under “significantly” lower refining margins.
Corporate Performance Announcements
Ring Energy increases sales guidance and announces debt reduction results for second quarter 2024
Publisher’s Note: Ring Energy will be a presenter at EnerCom Denver-The Energy Investment Conference on August 18-21, 2024. Register to attend and book your room at the Westin Denver Downtown.
REAFFIRMS BORROWING BASE AT
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Exxon signals Q2 below market consensus, excluding Pioneer buy
HOUSTON – Exxon Mobil Corp (NYSE:XOM) on Monday signaled that lower refining margins across the industry and lower natural gas prices will reduce profits in the second quarter.
A snapshot of operating factors affecting the quarter suggests …
SilverBow Resources announces first quarter 2024 financial and operating results
05/01/2024
Results top consensus expectations driven by higher production and lower capital expenditures generating record quarterly EBITDA and strong quarterly free cash flow
ConocoPhillips misses quarterly profit estimates on lower gas prices
U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset gains from higher oil production.
A milder-than-expected winter hurt demand for the heating fuel in …
NOG exceeds expectations with strong Permian production in first-quarter 2024
(WO) — Northern Oil and Gas Inc. (NOG) has announced its first quarter results, showcasing robust performance with a focus on its operations in the Permian basin.
With a record quarterly production of 119,436 Boe per day (59% …
Shell smashes forecasts with $7.7 billion quarterly profit
LONDON -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose.
The company said it will buy back a …
Chevron exceeds Q2 expectations on strong oil production amidst ExxonMobil, Hess arbitration over Guyana
Publisher’s Note: Chevron Corp will present at EnerCom Denver- The Energy Investment Conference on August 18-21, 2024. Register to attend.
(Bloomberg) – Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions …
Exxon misses on Q1 profit despite big gains in Guyana
HOUSTON-Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains.
Latest results from oil and gas companies including Chevron …
Hess Corporation increases oil and gas production on backs success in U.S. Bakken, offshore Guyana
Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production …
Matador Resources increases oil production following “surprise” Permian success in 2023
(Bloomberg) – Matador Resources Co. pumped more oil than expected in the first three months of 2024 at a time when most U.S. producers have pledged flat to moderate production growth this year.
Matador also plans to hit …
GeoPark announces final results of its tender offer
Bogota, Colombia – April 22, 2024 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator, today announced
the final results of its tender offer …
Zephyr Energy plc (“Zephyr” or the “Company”) – State 36-2R well drilling operations update
Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information as stipulated under the UK Market Abuse Regulation. With the publication of this announcement, this information is now …
PEDEVCO provides update on new Permian Basin wells
HOUSTON, TX / ACCESSWIRE / April 17, 2024 / PEDEVCO Corp. (NYSE American:PED) (“PEDEVCO” or the “Company”), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today …
Shell sees significantly lower Q1 LNG trading results
LONDON -Shell said on Friday it expects significantly lower results from its liquefied natural gas trading business in the first quarter of 2024 compared with the previous three months.
In an update ahead of quarterly results on May 2, …
Petrobras loses over $10 billion in market cap after dashing dividend hopes
Petrobras has been a major cash cow for its shareholders in recent years, including the Brazilian government, with the prior management paying out far more than Western oil major peers.
Under new management picked by President Luiz Inacio …
Pine Cliff Energy Ltd: President’s message to shareholders
I hope everyone is doing well. Pine Cliff has been busy integrating our acquisition of Certus Oil and Gas, which closed on December 13th. We are pleased to report that the performance of these assets thus …
EQT announces strategic production curtailment
PITTSBURGH, March 4, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February …
Sitio Royalties reports fourth quarter and full year 2023 operational and financial results, recent developments, and provides full year 2024 guidance
Announces Definitive Agreement to Acquire 13,062 NRAS in the DJ Basin for $150 Million(1)
Announces $200 Million Share Repurchase Program and Updated Return of Capital Framework
Closed on Previously Announced Sale of Anadarko and Appalachia
APA to increase global oil and gas production in 2024 with $2 billion upstream investment
(WO) – On Feb. 21, APA Corp. released its 2023 financial results and 2024 operational outlook. In the report, APA forecasted strong U.S. oil growth in 2024, approximately 8% year-over-year and more than 10% from fourth-quarter 2023 to …
SM Energy reports 2023 results and 2024 operating plan
DENVER, Feb. 21, 2024 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced certain fourth quarter and full year 2023 operating and financial results, year-end 2023 estimated net proved reserves and its
Range announces fourth quarter 2023 results and 2024 guidance
Feb 21, 2024 at 4:15 PM EST
FORT WORTH, Texas, Feb. 21, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its fourth quarter 2023 financial results and plans for 2024.
Full-Year 2023 Highlights
