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Stock Buybacks Race To Record $132 Billion Start
Friday, February 03, 2023In the first month of 2023, announced buybacks more than tripled to $132Bn from a year ago, reaching the highest total ever to start a year.

Shell Posts Record 2022 Profit
Thursday, February 02, 2023Shell's integrated gas unit was firing on all cylinders in the final quarter.

Big Oil Shareholders Biggest 2022 Winners With Massive Payouts
Thursday, February 02, 2023For every $1 extra operating cash flow in the first nine months of 2022, $0.44 went on dividends and share buy-backs.

Exxon Beats Earnings Record With With Massive $56 Billion
Wednesday, February 01, 2023ExxonMobil has announced fourth-quarter 2022 earnings of $12.8Bn, resulting in full-year earnings of $55.7Bn making it a record year for the company.

Samsung Engineering Posts Highest Financial Figures Since 2012
Wednesday, February 01, 2023Samsung Engineering has ended the year 2022 on a high, posting the highest figures since 2012.

US DOE Provides Funds For Affordable Clean Hydrogen Technologies
Wednesday, February 01, 2023The U.S. Department of Energy has announced up to $47M in funding to accelerate RD&D of affordable clean hydrogen technologies.

Exxon Beats Estimates, Posts Record $56B 2022 Profit
Tuesday, January 31, 2023Exxon Mobil Corp. surpassed profit expectations for the ninth time in 10 quarters.

Ecopetrol Bonds Slump as CEO Exits Amid Petro's Exploration Halt
Monday, January 30, 2023Ecopetrol SA bond prices fell after the company said Felipe Bayon will step down as chief executive officer.

Chevron Falls After Posting Disappointing Quarterly Result
Friday, January 27, 2023Chevron Corp. posted disappointing fourth-quarter results.

Fossil Fuel Profits Roar Back
Thursday, January 26, 2023Oil and gas companies' contribution to the S&P 500 Index's earnings has nearly doubled from a year ago.

Chevron to Buy Back $75B in Stock After Record Profit
Thursday, January 26, 2023Chevron Corp. plans to buy back $75 billion of shares and increase dividend payouts.

Higher Volumes Bump Baker Hughes' Revenues In Q4
Wednesday, January 25, 2023Baker Hughes saw its quarterly revenues edge up 8 percent year-on-year on the back of record orders in the fourth quarter.

Halliburton, Schlumberger Increase Dividend
Wednesday, January 25, 2023Both Halliburton and Schlumberger announced notable dividend increases.

China Oil Giants See Profits Surge
Sunday, January 22, 2023China's oil giants said preliminary net income for last year surged.

ADNOC Adds HSBC, ADCB, EFG on Mega IPO Of Gas Unit
Sunday, January 22, 2023ADNOC has added banks including HSBC and EFG to help arrange the planned initial public offering of its natural gas business, sources said.

Energean Posts Revenues Jump In 2022, Heads Into Busy 2023
Friday, January 20, 2023Energean has closed a landmark year of 2022 with a 48 percent jump in revenues compared to 2021.

OPEC Chief Is Cautiously Optimistic on Global Economy
Tuesday, January 17, 2023OPEC's top official said he's 'cautiously optimistic' about the outlook for the global economy.

Coro Energy's Posts Revenue Drop From Italian Natural Gas Ops
Tuesday, January 17, 2023Coro Energy has posted lower revenues in the fourth quarter of 2022, from its Italian natural gas portfolio.

NZTC Funds Innovative Emission Reduction Tech
Tuesday, January 17, 2023The Net Zero Technology Centre has made £500,000 available for emissions-reducing technology development and deployment projects.

Kremlin Revenue Under Pressure as Crude Price Falls on Sanctions
Monday, January 16, 2023The Russian state's oil revenue came under further pressure.

CGG Expects Revenue Jump Following Strong Aftersales
Wednesday, January 11, 2023CGG is expecting its segment revenue for the fourth quarter to hit $321 million, 48pct up sequentially and 8pct up proforma year-on-year.

Andurand's Hedge Fund Slumps 19 Percent in a Week
Wednesday, January 11, 2023It has been a rocky start to the year for famed oil trader Pierre Andurand.

Altera Emerges From Chapter 11 Enabling Petrojarl Knarr FPSO Deal
Tuesday, January 10, 2023Altera Infrastructure has emerged from the Chapter 11 process after successfully completing its plan of reorganization.

Transocean Raising $500M To Fund Part Of Its 8th-Gen Drillship
Tuesday, January 10, 2023Transocean has offered $500M in senior secured notes due 2028 to finance part of the expenses for its second 8th-generation drillship.

Shell Highlights 4Q 2022 Tax Hit
Friday, January 06, 2023Shell released a fourth quarter 2022 update note.

Chevron CEO Defends Record Profits
Wednesday, January 04, 2023The 10 top-performing stocks in the S&P 500 Index last year were energy companies.

Pemex Talks With Finance Ministry on Debt Payment Alternatives
Wednesday, January 04, 2023Pemex is evaluating debt payment options with the Finance Ministry.

UK Oil Lobby Warns Financing May Dry Up After Windfall Tax
Thursday, December 29, 2022The oil and gas industry warns that the Energy Price Levy risks drying up investment.

World Economy Headed For A Recession In 2023
Monday, December 26, 2022The world faces a recession in 2023 as higher borrowing costs aimed at tackling inflation cause several economies to contract.

This Year Was Historic For Commodities Market
Monday, December 26, 2022In just one year, investors' bullish exuberance for commodities has turned into a spectacular retreat.

Big Oil Investors Calling For More Aggressive Climate Targets
Sunday, December 25, 2022Investors with combined assets of $1.4 trillion have demanded the world's biggest oil companies take swifter action to cut GHG emissions.

OEUK Responds to HSBC Energy Policy
Monday, December 19, 2022'If financial institutions withdraw support, then the UK's energy security will be undermined'.

Hess Named To Dow Jones Sustainability World Index For First Time
Friday, December 16, 2022Hess Corporation has for the first time been included on the Dow Jones Sustainability World Index.

Evercore Says Oil Giants Set to Slash Overseas Growth Plans
Wednesday, December 14, 2022Some of the world's biggest oil and gas companies are expected to expand their international budgets by 12 percent in 2023, down from an increase of 26 percent this year, according to a survey from Evercore ISI.

TotalEnergies To Take $3.7Bn Write-Off On Novatek Stake
Monday, December 12, 2022TotalEnergies said it would take a $3.7 billion write-off on its stake in Novatek and withdraw its two members from the company's board.

ExxonMobil Hikes Share Buyback Plan To $50Bn
Sunday, December 11, 2022Exxon expanded its share-buyback program to $50Bn through 2024 after higher oil and gas prices boosted the energy giant's earnings this year.

Trafigura Posts Record $7Bn Profit In Blowout Year
Saturday, December 10, 2022The oil and petroleum products business had "an exceptionally strong year," said Chief Financial Officer Christophe Salmon.

Kolanovic Says Sell Energy Stocks With Oil Gap Wide
Friday, December 09, 2022The recommendation in a note to clients late Thursday is strictly about the near-term.

Exxon To Maintain Capex Levels At $20-25B Until 2027
Friday, December 09, 2022ExxonMobil today announced its corporate plan for the next five years which maintains annual capital expenditures at $20-$25 billion.

Big Oil to Meet With UK Chancellor Over Windfall Tax
Thursday, December 08, 2022UK Chancellor of the Exchequer Jeremy Hunt will meet with top North Sea oil and gas producers on Friday.

TotalEnergies To Cut £100M In 2023 North Sea Investments
Friday, December 02, 2022TotalEnergies' North Sea business chief said that the French firm would cut investment by a quarter next year due to the UK Government's windfall tax.

DOE Launches $80MM Energy Upgrades Program In Public Schools
Friday, December 02, 2022The U.S. Department of Energy has called for applications for the Renew America's Schools grant program.

Seadrill Tightens Loss In Q3
Thursday, December 01, 2022Seadrill Limited has tightened its loss quarter-on-quarter backed by high utilization levels in Q3.

Ithaca Posts $1.39Bn Profit For First Nine Months Of 2022
Thursday, December 01, 2022Ithaca Energy has posted a profit after tax of $1.39 billion for the first nine months of 2022 with a production of 68.2 thousand boe/d.

Ghana in Talks With Dubai Oil Refiner to Barter Gold for Fuel
Monday, November 28, 2022'Starting next October, all our oil-product needs would be swapped for gold'.

Saudi Aramco Base Oil Gets Nod for $1B Riyadh IPO
Thursday, November 24, 2022Saudi Aramco Base Oil Co has received regulatory approval for an initial public offering in Riyadh.

USA Oil Futures Point to Oversupply for First Time This Year
Friday, November 18, 2022The US crude market's structure is signaling oversupply for the first time in almost a year.

Invictus Share Price Almost Quadruples
Tuesday, November 15, 2022The share price of Invictus Energy Limited has almost quadrupled.

ETAF Collects $1B Energy Transition Funding For Developing Markets
Thursday, November 10, 2022The Energy Transition Accelerator Financing Platform has come near its $1B target for project funding with three new partners.

Iberdrola Investing $47B In Energy Transition In 2023-25
Wednesday, November 09, 2022Iberdrola will invest over $47 billion during the 2023-2025 period to promote the energy transition, employment, and zero net emissions.

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