(Oil Price) – Chevron Corp.(NYSE:CVX) is well positioned to grow its free cash flow by $6 billion to $8 billion by next year, and lower expenses by “a couple billion dollars,” Chevron CEO Michael Wirth announced on Wednesday. America’s second largest oil and gas company expects to achieve these results thanks to the start of new or expanded oil production projects in Kazakhstan,
By Tyler Losier, Energy Reporter, Oil & Gas 360 Forum Energy Technologies to sell its aggregate 40% interest in Ashtead Technology for $39 million Forum Energy Technologies Inc. (stock ticker: FET), a global oilfield products company, has entered into a definitive agreement through its subsidiaries to sell an aggregate 40% interest in Ashtead Technology, a subsea rentals company, to majority
By Tyler Losier, Energy Reporter, Oil & Gas 360 Michael Reger, Northern Oil and Gas president and founder, will leave the company amicably Northern Oil & Gas (stock ticker: NOG), a non-operating E&P, has announced that Michael Reger, its president, founder and chairman emeritus, will be departing the company amicably to pursue other opportunities. Reger, however, will continue to serve
Company initiates a quarterly dividend, launches $1 billion share buyback, bumps free cash flow projection to $5 billion Continental Resources, Inc. (NYSE: CLR) has entered full shareholder payback mode. The company said today that its board approved the initiation of a quarterly dividend of $0.05 per share on its common stock, with the first divident payable on November 21, 2019
CapEx down 15%, production up 20% By Richard Rostad, analyst, Oil & Gas 360 PDC Energy (ticker: PDCE) announced 2019 guidance today, outlining the company’s transition from aggressive growth to a more moderate posture. PDC plans to spend about $840 million in 2019, down from the $985 million the company spent in 2018. The vast majority of this sum, $800
Free Cash Flow, V-Shaped Recovery, Decline Curves, Balance Coming 2H 2016 Core Laboratories (ticker: CLB; CoreLab.com) reported Q1 earnings on April 20. The company held its earnings call this morning. Here is a recap of what the company reported and discussed in the call. EPS $0.37, ex-FX FCF $43.2 million – share count 42.5 million Paid $23.3 million in dividends,
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