Exxon Mobil CEO Darren Woods told analysts on Friday that the company has the technology that would be needed to produce higher cost barrels from Venezuela. ...

Markets looked past rising supply as shifting U.S. rhetoric on Iran and ongoing weather-related disruptions kept risk premiums elevated. Friday, January 30, 2026 Trump’s erratic rhetoric has been greatly supportive of oil prices this week, first promising ‘speed and violence’ to Iran, only to talk about dialogue the next day. The gradual return of Kazakhstan’s shut-in production was not an impediment to see ICE Brent end the week above $70 per barrel, with the bullish sentiment also bolstered by U ...

Core Viewpoint - Venezuela has made reforms to its hydrocarbon law, easing state control and granting more autonomy to private oil producers, which is seen as a positive step for attracting investment from companies like Chevron [1][2]. Group 1: Legislative Changes and Investment Climate - Venezuela's new hydrocarbon law reforms are aimed at protecting investments by private oil companies, which could enhance the investment climate [1]. - Chevron is currently reviewing the new legislation, emphasizing the importance of contract security, commercial stability, and regulatory predictability for attracting investment [2]. Group 2: Chevron's Operations and Production Potential - Chevron is the only U.S. oil major operating in Venezuela, producing approximately 250,000 barrels per day through joint ventures with Petróleos de Venezuela (PDVSA) [3]. - The company could potentially increase its production in Venezuela by up to 50% over the next 18 to 24 months, contingent on receiving authorization from the U.S. government [3]. Group 3: Competitive Landscape and Market Position - Wall Street views Chevron as well-positioned to benefit from U.S. military intervention in Venezuela due to its established presence and relationship with PDVSA [4]. - In contrast, competitor ExxonMobil remains cautious about returning to Venezuela, citing past asset seizures and deeming the country uninvestable until a democratic transition occurs [6]. Group 4: Financial Performance - Chevron reported fourth-quarter earnings that exceeded estimates, with a 12% increase in global production and a 16% increase in U.S. production, reaching record levels [5]. - Following the earnings report, Chevron shares rose by 1.4%, reflecting a nearly 14% gain since the beginning of the year, outperforming the broader market [7].

ExxonMobil has reported net profit of $6.5bn, or $1.53 per diluted share, for the fourth quarter of 2025 (Q4 2025), a 14% decrease compared to $7.6bn, or $1.72 per diluted share, for the same period in 2024. The company generated $12.7bn in cash flow from operating activities and recorded free cash flow of $5.6bn. Shareholder distributions for the quarter totalled $9.5bn, comprising $4.4bn in dividends and $5.1bn in share repurchases. For the full year 2025, ExxonMobil's earnings reached $28.8bn, with ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Wall Street analysts forecast that Suncor Energy (SU) will report quarterly earnings of $0.77 per share in its upcoming release, pointing to a year-over-year decline of 13.5%. It is anticipated that revenues will amount to $8.48 billion, exhibiting a decrease of 5.1% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projec ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Hungary’s MOL Group has signed a new strategic partnership with Libya’s National Oil Corporation (NOC), marking a fresh step in the company’s push to expand its international upstream footprint and diversify crude supply sources. The Memorandum of Understanding was signed in Budapest on January 30 by MOL Group Chairman and CEO Zsolt Hernádi and Masoud Suleman, Chairman of Libya’s NOC. The agreement establishes a framework for cooperation across hydrocarbons exploration and production, technological innova ...

Permian Basin, Texas 4Q 2025 Earnings Call ExxonMobil January 30, 2026 1 Cautionary statement FORWARD-LOOKING STATEMENTS. Statements of future events, conditions, expectations, plans, performance, earnings power, earnings growth at constant prices and margins, potential addressable markets, opportunities, ambitions, or results in this presentation or the subsequent discussion period are forward-looking statements. Similarly, discussions of future carbon capture, transportation, and storage, as well as lower ...

Core Viewpoint - ANGKOR RESOURCES CORP. held its Annual General Meeting on January 29, 2026, where all resolutions were approved, including the appointment of Dr. David Johnson to the Board of Directors and the strategic sale of oil and gas assets to reduce debt and fund growth initiatives in Cambodia [1][2][3]. Company Developments - A total of 96,855,431 common shares, approximately 47.78% of the outstanding shares, were voted at the Meeting, with over 99% in favor of the sale of oil and gas assets, which removed $3,800,000 in debt and provided $1,000,000 in net proceeds [3]. - The company aims to redirect resources towards the Cambodian onshore Block VIII Project for potential growth [3]. Board of Directors - Dr. David Johnson, a geoscientist with over 40 years of experience in exploration and production, was appointed to the Board, bringing extensive expertise from previous roles at major companies [4][7]. - The company also acknowledged the retirement of long-time directors Steve Cochrane and Scott Smith, thanking them for their contributions [7]. Financial Resolutions - The Meeting approved the reappointment of Davidson Company LLP as auditors and set the number of directors at six, electing nominees including Dr. Johnson [5]. - The sale of a 40% interest in the Evesham Macklin oil and gas lands for $4,800,000 was also approved [5]. Company Overview - ANGKOR RESOURCES CORP. is a public company listed on the TSX-Venture Exchange, focusing on mineral and energy solutions in Cambodia [8]. - The company’s mineral subsidiary holds two exploration licenses for copper and gold, while its energy subsidiary, EnerCam Resources, is advancing oil and gas exploration in Block VIII, covering over 4,095 square kilometers [9].