Key Takeaways DVN uses systematic hedging to protect oil and gas production volumes and stabilize cash flow. DVN has hedged 30% and 35% of its anticipated oil and gas production, respectively, to protect margins. DVN trades at 3.55X EV/EBITDA TTM, below the industry average of 10.99X, implying relative undervaluation.Devon Energy Corporation (DVN) , a leading independent oil and gas producer, uses systematic hedging to manage commodity price volatility. Devon operates in the Zacks Oil-Energy sector, expos ...

Key Takeaways Chevron has completed its acquisition of Hess following an arbitration ruling against ExxonMobil. ExxonMobil's challenge claimed preemptive rights to Hess's 30% stake in Guyana's Stabroek block. The ruling clears Chevron's path to growth and cements its partnership with ExxonMobil in Guyana.Chevron Corporation (CVX) has finally completed its big purchase of Hess Corporation, a deal that was held up for almost two years! This happened after an international arbitration panel rejected a challe ...

Ecopetrol (EC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this oil and natural gas exploration company have returned -10.2% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Oil and Gas - Integrated - International industry, to which Ecopetrol belongs, has lost 0.9% over this period. Now the key question is: Where could ...

Key Takeaways LBRT is expected to report Q2 earnings of $0.15 per share and $1.01 billion in revenues on July 24. Estimates imply a 75.41% drop in EPS and a 13.04% decline in revenues year over year. Cost cuts, including a 5.4% drop in operating expenses, may offer partial relief from revenue pressure.Liberty Energy Inc. (LBRT) , a leading provider of hydraulic services and related technologies to onshore oil and natural gas exploration and production companies in North America, is set to report second-qu ...

Toronto, Ontario--(Newsfile Corp. - July 21, 2025) - Argo Gold Inc's. (CSE: ARQ) (OTC Pink: ARBTF) (XFRA: A2ASDS) (XSTU: A2ASDS) (XBER: A2ASDS) ("Argo" or the "Company") May 2025 oil production was a total of 2,725 barrels for the month, averaging 88 barrels per day. Oil prices averaged CDN $61.50 per barrel and Argo's May oil revenue was $167,534 and net operating cash flow was $84,600.May 2025Oil ProductionArgo's interestArgo's Oil RevenueArgo's net operating cash flowLindbergh 1(37.5% interest) 91 bbl/ ...

The toxic water that gushes out of oil wells in the Permian Basin of Texas and New Mexico has spurred environmental concerns and even earthquakes. Now it’s turning producers against one another. https://t.co/Ogo9rEbHGl ...

Key Takeaways FTI is projected to post Q2 revenues of $2.49B, up 6.9% year over year, led by its Subsea segment. Subsea revenues are expected to grow 7.5% to $2.16B, supporting overall top-line expansion for FTI. Costs are likely to climb 4.3% to $2.12B, with inflation and labor tightness possibly weighing on margins.TechnipFMC plc (FTI) is set to release second-quarter fiscal 2025 results on July 24. The Zacks Consensus Estimate for earnings is pegged at 57 cents per share on revenues of $2.49 billion.Le ...

Core Viewpoint - Ovintiv Inc. is expected to report second-quarter earnings on July 24, with estimates of $1.04 per share and revenues of $1.9 billion [1][7]. Group 1: Previous Quarter Performance - In the last reported quarter, Ovintiv exceeded earnings expectations with adjusted earnings per share of $1.42, surpassing the Zacks Consensus Estimate of $1.20 [2]. - Total revenues for the last quarter were $2.4 billion, beating the Zacks Consensus Estimate by 3.3%, driven by improved natural gas pricing and higher product and service sales [2]. - Ovintiv has consistently beaten earnings estimates in the past four quarters, achieving an average surprise of 27.8% [2]. Group 2: Estimate Revisions and Projections - The Zacks Consensus Estimate for second-quarter 2025 earnings has increased by 2% in the past week, although it indicates a 16.1% year-over-year decline [3]. - Revenue estimates for the second quarter suggest a decline of approximately 14.7% compared to the previous year [3]. - Ovintiv's natural gas volumes are projected to rise by 4.5% year-over-year to 1818 million cubic feet per day (MMcf/d) in Q2 [4][7]. Group 3: Operational Insights - The company anticipates higher natural gas volumes due to full gas systems in Western Canada, preparing for LNG Canada coming online [4]. - Revenues from Canadian operations are expected to reach $481.7 million, reflecting a 4.7% increase from the prior year [4]. - However, operating expenses are projected to increase significantly to $2.3 billion from $1.7 billion in the previous year [5][7]. Group 4: Earnings Prediction - The model predicts an earnings beat for Ovintiv, supported by a positive Earnings ESP of +7.28% and a Zacks Rank of 3 [6][8].

DALLAS, July 21, 2025 /PRNewswire/ -- Argent Trust Company, as Trustee of the Permian Basin Royalty Trust (NYSE: PBT) ("Permian" or the "Trust") today declared a cash distribution to the holders of its units of beneficial interest of $0.015311 per unit, payable on August 14, 2025, to unit holders of record on July 31, 2025. The distribution does not include proceeds from the Waddell Ranch properties, as total production costs ("Production Costs") exceeded gross proceeds ("Gross Proceeds") for the month of M ...

Zambia’s state-owned Industrial Development signed a memorandum of understanding with Fujian Xiang Xin to develop an oil refinery that will process about 60,000 barrels a day https://t.co/AxBTGRw1v8 ...