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X @Bloomberg
Bloomberg· 2025-07-23 13:10
Equinor said that geopolitical volatility is making it a harder environment for the Norwegian energy giant’s traders to operate in, underscoring the risks facing Europe’s oil and gas majors https://t.co/vRU6smb705 ...
Why Investors Should Keep Suncor Energy in Their Portfolios for Now
ZACKS· 2025-07-23 13:05
Key Takeaways SU stock is up 9.6% YTD, outpacing both the energy sector and its Canadian integrated sub-industry. Suncor posted record Q1 production of 853,000 bbls/d and returned $1.5B to shareholders. Cost cuts, 104% refinery utilization and 99% margin capture boosted SU's financial performance.Suncor Energy Inc. (SU) has demonstrated strong performance amid market fluctuations, with its share price increasing 9.6% year to date (“YTD”). This growth significantly outperformed the broader oil and energy s ...
Range Resources(RRC) - 2025 Q2 - Earnings Call Presentation
2025-07-23 13:00
Company Overview - Range Resources is a top 10 U S producer of natural gas and NGLs, focused on the Appalachian Basin with over 30 years of core Marcellus inventory[6, 7] - The company expects to grow production by approximately 20% through 2027 with a reinvestment rate of less than 50%[12] - Range Resources has approximately 440,000 net acres in Southwest Pennsylvania and approximately 70,000 net acres in Northeast Pennsylvania[14] Financial Performance and Outlook - The company has demonstrated a history of durable free cash flow through commodity cycles[19] - Cumulative free cash flow from 2025 to 2027 is projected to be approximately $2 5 billion[28] - 2025 capital expenditures are guided at $650-$680 million[28, 33] Market Access and Diversification - Approximately 30% of Range's natural gas is directed to the Midwest, approximately 25% to the Gulf Coast, and approximately 25% to LNG and premium Gulf markets[17] - The company has secured 250 Mmcf/d of incremental natural gas takeaway accessing growing demand in Midwest and Gulf Coast markets in 2026[28] - Range Resources has 20 MBD of NGL takeaway and export capacity utilizing a new East Coast terminal in 2026[28] Natural Gas and NGL Fundamentals - U S LNG exports have grown from approximately 0 Bcf/d in 2015 to approximately 15 Bcf/d in early 2025[64] - Total U S demand growth of +27 Bcf/d is expected through 2030 from LNG and pipeline exports to Mexico, industrial and electric power demand growth[72] - The call on incremental U S supply for global LPG demand is approximately 870 MBD from 2025-2030[92] ESG Initiatives - The company achieved Net Zero for 2024 Scope 1 and 2 GHG emissions[105] - Range Resources has achieved an 83% reduction in methane emissions intensity since 2019[105] - In 2024, 56% of total water used for operations was reuse water[105]
Chevron vs. Shell in Gulf of America: Who's Got the Edge?
ZACKS· 2025-07-23 12:41
Key Takeaways Chevron aims to boost GoA output by 50% from 2020 levels, hitting 300K barrels/day by 2026. Shell leads in GoA volume, using standardized designs and robotics to cut costs and emissions. CVX trades at a premium to SHEL, reflecting profit hopes from GoA growth and recent Hess assets.Chevron Corporation (CVX) and Shell plc (SHEL) are two of the world's biggest energy companies, and both have been drilling for oil and gas in the deep waters of the Gulf of America (GoA) — what we used to call th ...
Weatherford International(WFRD) - 2025 Q2 - Earnings Call Presentation
2025-07-23 12:30
INVESTOR PRESENTATION Q2'25 Weatherford International PLC Weatherford International Plc. 1 Q2'25 FINANCIAL RESULTS - HIGHLIGHTS ADJ. FREE CASH FLOW* $1,204 million $254 million $79 million 1% Sqtly. 14% YoY Flat Sqtly. 30% YoY 31.1% Conversion (on Adj. EBITDA*) 21.1% 11 bps Sqtly. 488 bps YoY ADJ. EBITDA* REVENUE CAPITAL ALLOCATION Repurchased $27 million of 8.625% Senior Notes due 2030 in Q2'25 Disclaimer This presentation contains projections and forward-looking statements concerning, among other things, ...
X @Bloomberg
Bloomberg· 2025-07-23 11:51
Halliburton Co., the biggest fracking company, just brushed aside any doubts about whether growth is slowing in the US shale patch https://t.co/tWVLjHiKzQ ...
X @Bloomberg
Bloomberg· 2025-07-23 11:42
Angolan President João Lourenço says he’s looking for someone to succeed him at the helm of Africa’s third-biggest oil producer, before general elections scheduled to take place in 2027 https://t.co/0gZN2nD1fv ...
Sky Quarry's Nevada-Based Refinery Launches Crowdfunding Campaign
Globenewswire· 2025-07-23 11:30
Exploring Digital Asset Strategies to Inform Future Capital InnovationWOODS CROSS, Utah, July 23, 2025 (GLOBE NEWSWIRE) -- Sky Quarry Inc. (NASDAQ: SKYQ) (“Sky Quarry” or “the Company”), an integrated energy company focused on sustainable resource recovery, is pleased to announce the launch of a crowdfunding offering by its wholly owned subsidiary, Foreland Refining Corporation. Shifting fuel markets across the Western U.S. are creating a unique opportunity for regional producers. Nevada currently imports a ...
Indonesia Energy Plans to Commence Drilling Two Wells at Kruh Block During the Remainder of 2025
Globenewswire· 2025-07-23 11:30
Drilling part of company’s continuing plans to drill a total of 18 wells at the 63,000 acre Kruh Block JAKARTA, INDONESIA AND DANVILLE, CA, July 23, 2025 (GLOBE NEWSWIRE) -- Indonesia Energy Corporation (NYSE American: INDO) ("IEC"), an oil and gas exploration and production company focused on Indonesia, today announced that it plans to drill two (2) back-to-back wells on IEC’s 63,000 acre Kruh Block commencing in the fourth quarter of 2025. The new drilling activities will be supported by the previously an ...
X @Bloomberg
Bloomberg· 2025-07-23 11:10
BP says possible contamination has been identified relating to crude shipments from Azerbaijan that get delivered to global markets from a port in Turkey https://t.co/mTWSRAQSWR ...