RT Bloomberg Live (@BloombergLive)LIVE: In the run-up to #COP30, @BloombergNEF brings together key voices to explore where the energy transition stands today. And don't miss COP30 President André Corrêa do Lago's conversation with @AkshatRathi ⏯️https://t.co/Z8uHRuYvsp ...

RT Bloomberg New Economy (@BBGNewEconomy)POLL: What will drive the next big leap in the energy transition? #BloombergNewEconomy📊https://t.co/Ed2uAXAtOf ...

Industry Overview - The Zacks Oil and Gas Integrated International industry includes companies involved in upstream, midstream, and downstream operations across various global regions [3] - Integrated energy firms are increasingly focusing on renewable energy to lower emissions and carbon intensity [3] Current Market Conditions - The U.S. Energy Information Administration (EIA) anticipates that rising oil inventories will negatively impact crude prices, leading to a challenging environment for exploration and production operations [1] - EIA projects the average spot price for West Texas Intermediate crude to be $65 per barrel in 2025 and $48.50 per barrel in 2026, significantly lower than $76.60 per barrel in 2024 [4] Production and Financial Trends - A slowdown in oil production growth is affecting upstream businesses, as companies prioritize returning capital to shareholders over expanding production [5] - The demand for renewable energy is increasing, which may lead to a decline in the demand for fossil fuel products, adversely impacting integrated energy firms [6] Industry Performance - The Zacks Oil and Gas Integrated International industry has a Zacks Industry Rank of 220, placing it in the bottom 9% of over 250 Zacks industries, indicating bearish prospects [7][8] - Over the past year, the industry has gained only 3.6%, underperforming the S&P 500's 19% increase and the broader sector's 4.8% improvement [9][10] Valuation Metrics - The industry is currently trading at a trailing 12-month EV/EBITDA ratio of 4.50X, lower than the S&P 500's 18.57X and the sector's 5.05X [13] - Historically, the industry has traded between 2.75X and 6.54X over the past five years, with a median of 4.12X [14] Key Companies - BP is planning a significant increase in upstream capital investment to $10 billion through 2027, aiming to boost daily production volumes to 2.3 to 2.5 million barrels by 2030 [17] - ExxonMobil aims to increase its Permian production to 2.3 million barrels of oil equivalent per day by the end of the decade, leveraging advanced technologies [19] - Chevron maintains a stable business model and benefits from softer oil prices in its downstream operations [24]

LNG Market Dynamics - The number of new liquefied natural gas (LNG) projects moving forward is surprising given their high costs [1] - This underscores LNG's long-term role in the global energy transition [1]

Climate Finance & Investment - Private capital's role in supporting energy transition, climate tech, and adaptation in climate-vulnerable economies will be discussed [1] - JPMorgan and Amundi will participate in a discussion about climate finance [1] Event Details - A Bloomberg Green live event will be held on September 25 at 11:20 AM ET [1]

Core Insights - Abaxx Technologies Inc. announced a partnership with Zhonggong Petroleum & Natural Gas Co., Ltd. to explore liquefied natural gas (LNG) procurement and trading services [1][2] - The partnership aims to connect Zhonggong's LNG infrastructure investments in Shandong and Yunnan, totaling USD 640 million, with Abaxx Exchange's trading infrastructure and international supplier network [2][4] Company Overview - Abaxx Technologies is a financial software and market infrastructure company, and the majority shareholder of Abaxx Singapore, which owns Abaxx Exchange and Abaxx Clearing [1][6] - The company focuses on building markets that address societal challenges, including the energy transition, through better tools and technology [5][7] Partnership Objectives - The partnership will facilitate LNG procurement by connecting Zhonggong's infrastructure projects with overseas LNG imports via Abaxx Exchange [8] - It aims to enhance LNG price discovery and risk management by providing access to Abaxx's trading infrastructure and market data [8] - The collaboration will strengthen logistics coordination and market connectivity within China for LNG delivery and distribution [8] Market Context - China's growing LNG demand is reshaping global trade flows, emphasizing the need for reliable demand centers, as highlighted by Zhonggong's investments [4] - Abaxx Exchange has established a regulated marketplace and a physically-backed forward curve for LNG trading, which is crucial for connecting partners with international supply [4]

Core Viewpoint - GE Vernova Inc. (GEV) has announced significant upgrades to its FLEXINVERTER platform, which includes a high-efficiency 1.5kV silicon carbide-based solution for battery storage and the expansion of its 2kV solar inverter to global markets, with manufacturing expected to ramp up by 2026 [1][2]. Company Performance - GEV's stock has increased by 23.7% year-to-date, outperforming the Zacks Alternative-Energy industry's growth of 8.9% and the broader Oils-Energy sector's decline of 7%, as well as the S&P 500's fall of 5% [3]. - The company has seen strong performance in its Electrification segment, with equipment order growth of 44% in North America and 92% in Asia during the first quarter of 2025 [11]. Growth Drivers - The global transition to clean energy is a major growth driver for GEV, which invested over $100 million in Q1 2025 to enhance the performance of its 57,000 wind turbines worldwide [5][6]. - GEV's recent developments reflect its commitment to expanding its footprint in the clean energy sector, boosting investor confidence [6]. Market Developments - In May 2025, GEV was selected by Power Grid Corporation of India to supply over 70 extra-high-voltage transformers and shunt reactors, indicating its role in renewable energy integration [7]. - The company also signed agreements to supply wind turbines to community wind farms in Germany, further expanding its market presence [9]. Future Projections - Global electricity consumption is projected to grow by 4.3% year-over-year in 2024 and 3.9% in 2025, which is expected to benefit GEV's grid solution equipment and services [10]. - The Zacks Consensus Estimate for GEV's long-term earnings growth rate is 18%, with sales estimates for 2025 and 2026 indicating year-over-year improvements of 5.7% and 9.4%, respectively [12][14]. Earnings Estimates - The Zacks Consensus Estimate for GEV's 2025 and 2026 earnings per share shows significant year-over-year growth, with estimates moving up by 9.6% and 0.5% over the past 60 days [14][16]. - Current estimates for GEV's sales in 2025 and 2026 are $36.94 billion and $40.39 billion, reflecting solid growth expectations [15]. Valuation - GEV's forward 12-month price-to-earnings (P/E) ratio is 47.13X, significantly higher than its peer group's average of 15.92X, indicating a premium valuation [20]. - In contrast, peers like Talen Energy and Constellation Energy are trading at lower forward P/E ratios of 21.89X and 26.32X, respectively [21].

Group 1 - Jacobs Solutions Inc. has been awarded a $137 million contract by the Virgin Islands Public Finance Authority for the "Rebuild USVI" initiative, focusing on critical infrastructure projects [1][3] - The company will collaborate with the U.S. Virgin Islands' Super Project Management Office on various projects, including hospitals, schools, and utilities, while also providing advisory and consulting services [2] - Jacobs' backlog reached $21.8 billion at the end of fiscal first-quarter 2025, reflecting an 18.9% increase year-over-year, driven by strong project wins in key markets [5] Group 2 - The company has seen increased demand for its consulting services across multiple sectors, including infrastructure and life sciences, indicating a positive growth trend [4] - Despite a 12% decline in stock year-to-date, Jacobs is expected to benefit from trends in infrastructure modernization and energy transition [7]