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ExxonMobil CFO Neil Hansen announced that annual Pioneer acquisition synergies doubled to $4 billion. Additionally, accelerated cost recovery in Guyana is set to double free cash flow between 2025 an…
A proposed US-Venezuela oil accord aims to secure 65 billion barrels of reserves. While Chevron leads operational re-entry, Exxon Mobil remains cautious, demanding legal guarantees. Despite severe in…
CNOOC reported a significant 23.4% increase in H1 2026 net profit to 85.8bn yuan, driven by higher realized oil prices and increased production. Revenue rose 20% to 206.1bn yuan. The company plans to…
Iraq aims to more than double oil production to 8-10 million bpd within six years. This ambitious expansion offers significant growth potential for major energy companies including ExxonMobil, Chevro…
ExxonMobil expects its Guyana free cash flow to double by 2030, propelled by higher-than-expected production and accelerated investment recovery. With new FPSOs advancing and AI-driven discoveries bo…
WTI crude has rallied 17% to $84.77 per barrel, supported by expanding U.S. LNG exports and surging pipeline throughput. Midstream giants Enterprise Products Partners, Energy Transfer, and Enbridge a…
Targa Resources secured massive 20-year midstream agreements with ExxonMobil through 2046 in the Permian Basin. The deal covers natural gas gathering, processing, and NGL takeaway, supporting ExxonMo…
ConocoPhillips beat Q2 revenue and EPS estimates with 32.4% YoY sales growth, driven by record Permian production, completed $5B asset sales, LNG expansion, and new international growth deals despite…
Ensign Energy reported 7% YoY revenue growth, rising rig utilization in Canada, U.S. and internationally, and a pending Citadel acquisition boosting Permian exposure, signaling steady oilfield demand…
Petrobras posted record Q2 2026 profits and production, driven by efficiency gains, record refinery utilization, and rising exports, while signaling continued investment over extraordinary dividends.
Morgan Stanley and JPMorgan strategists expect market leadership to broaden beyond AI/semiconductor stocks as earnings improve across sectors. S&P 500 target raised to 8,000 by year-end, with energy,…
EOG Resources posted record Q2 2026 profits, with net income surging to $2.72B on higher WTI prices ($92.85/bbl) and 24% production growth, while expanding into UAE oil exploration and boosting share…
Crescent Energy reported a strong Q2 beat for both revenue and adjusted EPS, exceeding market expectations significantly. The company also showed substantial margin expansion and robust production gr…
ExxonMobil (XOM) reported mixed Q2 results, missing on EPS but beating revenue and achieving record profits and production. The energy sector continues to lead S&P 500 earnings growth, buoyed by high…
A major U.S. midstream NGL/crude partnership (likely Enterprise Products Partners) posted record EBITDA of $2.8B, driven by strong export demand, Permian growth, and expanded capex plans through 2027…
Canada's Q2 GDP grew 3.4% annualized, well above BoC's 2.5% forecast, driven by resource extraction and broad industrial gains, easing recession fears and supporting CAD strength.
Baker Hughes reported record IET orders ($7.1B, up 100% YoY) driven by AI/data center power demand, raised Horizon 2 targets to $45B+, and advanced Chart acquisition synergies, signaling strong energ…
Halliburton posted stronger Q2 earnings and revenue, driven by higher drilling and completion activity and new international contracts, signaling robust oilfield services demand and a positive outloo…
Chevron and ExxonMobil are aggressively expanding their presence in the Eastern Mediterranean. Analysts view this region as a strategic frontier that offers a de-risked and increasingly valuable ener…
The U.S. government is deepening energy cooperation with Azerbaijan, aiming to boost the country's role as a global energy transit hub. ExxonMobil continues to be a key partner in these strategic inf…