The U.S. energy market is undergoing a seismic shift characterized by a flurry of multibillion-dollar mergers among major oil companies. This wave of consolidation is reshaping the industry, with significant implications for production capacities, competitiveness and the future landscape of energy markets. Let's delve into some of the notable mergers and acquisitions that are making waves in the energy sector.Megamergers Shaping the IndustryExxon Mobil Corporation's (XOM) $59.5 billion acquisition of Pionee ...

The U.S. Energy Department's weekly inventory release showed that natural gas supplies decreased more than expected. The positive inventory numbers notwithstanding, futures settled with another loss week over week — sixth in the last seven — overwhelmed by excessive supply and insipid weather-related demand.In fact, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half-year lows due to worries about record output and concerns about a growing glut. At this tim ...

Key PointsHigher oil prices have started a ripple effect on the entire market; the macro picture looks like $100 a barrel could be here.Knowing how to peak the right oil stocks can help you ride this wave; three stand out in front of markets and analysts.With a mix of size and speculation, you are spoiled for choice in how you'd like to play this watchlist portfolio.5 stocks we like better than NVIDIAOil is – and has always been – the primary driver in energy stocks. When prices swing as aggressively as the ...

The U.S. Energy Department's weekly inventory release showed that natural gas supplies decreased largely as expected. The neutral inventory numbers notwithstanding, futures settled with a loss week over week, overwhelmed by excessive supply and insipid weather-related demand.In fact, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half-year lows due to worries about record output and concerns about a growing glut. At this time, we advise investors to focus o ...

The U.S. Energy Department's weekly inventory release showed a higher-than-expected decrease in natural gas supplies. The bullish inventory numbers, together with signs of production pullback, buoyed natural gas futures, which settled with a healthy gain week over week.Despite this spike, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-half-year lows due to growing worries about record output and concerns about an ongoing supply glut. At this time, we advise ...

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Nexa Resources S.A. (NEXA) is a zinc mining and smelting company. The Zacks Consensus Estimate for its current year earnings has been revised 60% downward over the last 60 days.Chesapeake Energy Corporation (CHK) is an exploration and production company. The Zacks Consensus Estimate for its current year earnings has been revised 46.6% downward over the last 60 days.EOG Resources, Inc. (EOG) is an oil and gas exploration and production ...

The U.S. Energy Department's weekly inventory release showed a lower-than-expected decrease in natural gas supplies. The bearish inventory numbers, together with predictions of weaker weather-related demand in late February, weighed on natural gas futures, which settled with a slight loss week over week, despite a significant bump, following Chesapeake Energy’s (CHK) planned production cut for 2024.In fact, the market hasn't been kind to natural gas, with the commodity recently hitting fresh three-and-a-hal ...

Chesapeake Energy Corporation (NASDAQ:CHK) Q4 2023 Results Conference Call February 21, 2024 9:00 AM ET Company Participants Chris Ayres - Vice President, Investor Relations and Treasurer Nick Dell'Osso - President and Chief Executive Officer Mohit Singh - Executive Vice President and Chief Financial Officer Josh Viets - Executive Vice President and Chief Operating Officer Conference Call Participants Josh Silverstein - UBS Charles Meade - Johnson Rice Matt Portillo - TPH Nitin Kumar - Mizuho Bert Donnes - ...

Chesapeake Energy (CHK) reported $763 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 81.5%. EPS of $1.31 for the same period compares to $4.22 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $962.95 million, representing a surprise of -20.76%. The company delivered an EPS surprise of +211.90%, with the consensus EPS estimate being $0.42.While investors scrutinize revenue and earnings changes year-over-year and how they compare wit ...

Chesapeake Energy (CHK) came out with quarterly earnings of $1.31 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $4.22 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 211.90%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.57 per share when it actually produced earnings of $1.09, delivering a surprise of 91.23%.Over the last four quarters ...