Thursday, January 30, 2025
Drilling vs returns. U.S. oil producers' tradeoff as windfall tax threatens- oil and gas 360

Drilling vs returns. U.S. oil producers’ tradeoff as windfall tax threatens

Yahoo Finance U.S. oil producers profiting from sky-high prices are doling out billions to shareholders and building cash reserves, a strategy irking lawmakers and voters struggling with record fuel prices while winning over Wall Street. Soaring fuel prices have boosted inflation to a 40-year record and are expected to drive up U.S. gasoline by more than a dollar to $6

Credit Suisse CEO says sustainable investing no longer means lower returns- oil and gas 360

Credit Suisse CEO says sustainable investing no longer means lower returns

CNBC The CEO of banking giant Credit Suisse told CNBC that the coronavirus pandemic had “substantially accelerated the trend towards ESG and sustainability” and sought to highlight the investment opportunity within the overall space. “The demand that we see — both from our private clients, but also institutional clients — for ESG compatible products is ever increasing,” Thomas Gottstein, who was speaking

Oil & Gas 360

Marathon Oil Profit Jumps 50% on Higher U.S. Shale Production

From Reuters Marathon Oil Corp (MRO.N) reported a 50% jump in quarterly adjusted profit on Wednesday, as higher U.S. shale output countered lower realized crude prices and production costs fell. The company, like many other U.S. oil producers, is extracting more crude from its wells in the prolific shale basins against the backdrop of pressure to cut back on spending

Futures Curve with Severe Backwardation is Laughable: Papa

CDEV likes oil’s prospects and New Mexico well results Centennial Resource Development, Inc. (ticker: CDEV) reported a net income of $66.1 million, or $0.25 per share for Q1 2018. The company’s average daily net production was 54,069 BOEPD for the quarter. “We saw consistent well performance during the quarter, with the average well producing approximately 1,200 barrels of oil per

Calgary-based Precision Drilling Corporation (ticker: PDS) announced planned capital expenditures for 2017 of CAD$109 million.

Oil Company Return Metrics Nearing Levels Not Seen Since $100 Oil

Return on invested capital breaks from historic patterns as companies reap the benefits of efficiencies Oil and gas companies are beginning to take a more measured approach to growing even as oil prices hover above $55 per barrel, a move that many investors have been asking to see for months. A report published by EnerCom Analytics this month found that