On offshore midstream projects, Ezugworie said the Oso-to-BRT Phase One project is expected to double gas supply to NLNG from 120 to 240 million scf/d, with first gas targeted for the third quarter of the current year. A Phase Two project would further increase volumes to 480 million scf/d, with delivery targeted for 2027, he said.Ezugworie also discussed progress on gas and midstream. He said gas production rose 54% year-over-year, supported by improved onshore performance following turnaround maintenance ...

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 ...

2025 RESULTS FEBRUARY 26, 2026 Congo LNG Ph2 DISCLAIMER This document contains certain forward‐looking statements particularly those regarding capital expenditure, development and management of oil and gas resources, dividends, share repurchases, allocation of future cash flow from operations, future operating performance, gearing, targets of production and sales growth, new markets and the progress and timing of projects. By their nature, forward‐looking statements involve risks and uncertainties because t ...

Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Shell reviewing some of its Shell Ventures portfolio with option to sell, sources say February 26, 202612:15 PM UTCUpdated ago By Stephanie Kelly A Shell logo is pictured during the European Business Aviation Convention & Exhibition (EBACE) in Geneva, Switzerland, May 23, 2022. REUTERS/Denis Balibouse Purchase Licensing Rights, opens new tab LONDON, Feb 26 (Reuters) - Shell (SHEL.L), opens new ...

January was a good month for investors who owned Occidental Petroleum (NYSE: OXY), as the stock rose 10%. That's not actually so unusual, given the inherent volatility of the energy sector. However, the stock lurched higher again in February after it reported earnings. Here's what you need to know about January and the company's February investor update. Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" provi ...

CALGARY, Alberta, Feb. 26, 2026 (GLOBE NEWSWIRE) -- Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced it will exercise its right to redeem its 2.577% Series 1 Preferred Shares (the “Series 1 Preferred Shares”) and its 3.948% Series 2 Preferred Shares (the “Series 2 Preferred Shares”, collectively, the “Series 1 & 2 Preferred Shares”) on March 31, 2026 (the “Redemption”). All of the Series 1 & 2 Preferred Shares outstanding will be redeemed at the price of $25.00 per share, for an aggregate amount p ...

Core Insights - Walmart's valuation surpassing $1 trillion in February 2026 indicates that traditional companies can also join the elite club, challenging the notion that only tech firms dominate this space [1] - The struggles within the technology sector have led investors to explore potential in other industries [1] Group 1: JPMorgan - JPMorgan is positioned as the strongest non-tech company to potentially cross the $1 trillion valuation threshold, currently valued at $818 billion [3] - The bank's scale and systemic importance, along with prospects from the AI boom and cryptocurrency developments, could enhance its valuation [4] - Wall Street's average 12-month price target for JPMorgan suggests a 15.97% increase, potentially reaching a valuation of about $950 billion [5] - The most optimistic forecasts, such as Goldman Sachs predicting a price of $397, could elevate JPMorgan's market capitalization to approximately $1.07 trillion [6] Group 2: Exxon Mobil - Exxon Mobil is in a strong position to aim for the trillion-dollar club, with a stock price of $149.06 and a valuation of $621 billion as of February 26, 2026 [7] - The stock has rallied 21.53% year-to-date, indicating robust performance in the oil sector [7] - Current price targets for Exxon Mobil may be underestimated, with an average target of $142.40 and a general rating of 'Buy' [10] - The stock has increased about 30% from three months ago, and favorable conditions from the White House could lead to further gains for Exxon Mobil and its peers [12] - The AI boom and geopolitical instability are expected to provide tailwinds for fossil fuel companies, enhancing their market position [13]

During his State of the Union address on Tuesday night, President Trump touted an energy industry strengthened by the success of his "Drill, baby, drill" policy, a dual mandate of more hydrocarbon drilling and lower gas prices. A year into Trump's second term, oil and gas production is at or near all-time highs, and gasoline prices average below $3 per gallon nationally. But for the US oil and gas industry, the president's ambitions have come at a cost. "Capital efficiencies and returns drive our inve ...

Core Insights - Eni reported a 35% year-on-year increase in adjusted net profit for Q4, driven by strong growth in its exploration and production division [1] - The adjusted net profit for the fourth quarter reached 1.2 billion euros ($1.4 billion), up from 885 million euros in the same period last year, surpassing analyst expectations of 960 million euros [1] Financial Performance - Adjusted net profit for Q4: 1.2 billion euros ($1.4 billion) [1] - Year-on-year growth: 35% increase from 885 million euros [1] - Analyst consensus: Expected profit of 960 million euros [1]

With a strong Q4 report just released, I think Diamondback Energy ( FANG ) will be flying very high this year. EPS is overshadowed by an impairment charge that was purely tied to lowerMy name is Andres Veurink and I have been in the financial markets for over a decade at this point, spending the majority of that in a hedge fund here in Rotterdam, working my way up as an analyst. My work relfect rigourious standards as I myself have a very high standard as to what I invest my money in. My preferred sectors t ...