Key Takeaways ConocoPhillips reported Q4 EPS of $1.02, down from a year ago, while revenues of $14.2B beat estimates.COP's earnings were pressured by lower realized prices, partially offset by higher oil-equivalent output.COP expects 2026 production of 2.33-2.36 MMBOED and plans to return about 45% of operating cash flow.ConocoPhillips (COP) reported fourth-quarter 2025 adjusted earnings per share of $1.02, which lagged the Zacks Consensus Estimate of $1.08. The bottom line decreased from the prior-year lev ...

Core Viewpoint - Rubis is expanding into the European bitumen market to enhance its distribution activities, focusing on key infrastructure sectors through a strategic lease agreement for the ATPC terminal in Antwerp [1][6]. Group 1: Market Entry and Operations - Rubis has secured a five-year renewable lease for the bitumen storage capacities at the ATPC terminal, which is a leading import terminal in North-West Europe [1][2]. - Since January 1, 2026, Rubis Asphalt has been operating 60,000 tonnes of storage capacity at the ATPC terminal, which supports 24/7 truck-loading operations and serves as a critical supply point for Belgium, the Netherlands, France, and Germany [2][3]. Group 2: Strategic Intent and Market Dynamics - The European bitumen market is characterized by resilient demand and decreasing local production, prompting Rubis to leverage its operational expertise to provide reliable and competitive supply solutions to road construction and waterproofing sectors [3]. - The transition and integration of Rubis' bitumen activities in Europe will occur gradually, with 2026 designated as a key year for this ramp-up [3]. Group 3: Existing Operations and Growth in Africa - Since 2015, Rubis has established a fully integrated bitumen logistics chain, distributing 650,000 tonnes of bitumen in Africa, which supports significant road infrastructure projects [4]. - In 2025, Rubis expanded its bitumen activities in Africa, increasing its stake in Angola and launching operations in Libya, which are crucial for the development and maintenance of road networks across the continent [5]. Group 4: Company Overview and Strategic Vision - Rubis operates in over 40 countries, providing energy and mobility solutions, including bitumen, and employs 4,400 people to deliver critical goods [7]. - The company emphasizes its end-to-end control of the logistics chain, which enhances its ability to meet customer needs reliably and safely [8]. - Rubis has established its leadership through acquisitions and partnerships, focusing on value creation and entrepreneurial growth in new markets [9].

Canadian oil sands producer Suncor Energy will present the market this spring with options it is considering for securing long-term bitumen supply, the company's chief executive said on Wednesday. ...

SUNCOR ENERGY Investor Information Q4 2025 Published February 3, 2026 SUNCOR ENERGY Suncor's value proposition Long-life, competitively advantaged assets Regional and vertical integration Operational reliability Disciplined investment & cost management Deliver superior long-term shareholder value SUNCOR ENERGY 2 Suncor key statistics | Market capitalization Q4 2025 | $73B | | --- | --- | | Net debt to AFFO Q4 2025 TTM | 0.5x | | Oil sands reserve life index | 2024 25 yrs | | Upgrading capacity | 556 kbpd | ...

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and derived from the company's condensed consolidated financial statements which are based on Canadian generally accepted accounting principles (GAAP), specifically International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB), and are prepared in accordance with International Accounting Standard (IAS) 34 Interim Financial Reporting. Production volumes are ...

Key Takeaways Imperial Oil's Q4 earnings and revenues fell YoY as lower upstream price realizations weighed on results.Imperial Oil returned C$361M to its shareholders and raised its dividend 20% to 87 cents per share.Upstream revenues and production declined, with lower bitumen prices and a segment net loss.Imperial Oil Limited (IMO) reported fourth-quarter 2025 adjusted earnings per share of $1.41, which beat the Zacks Consensus Estimate of $1.36. However, the bottom line decreased from the year-ago quart ...

Capital Spending Guidance - Cenovus Energy Inc. expects capital investment between $5 billion and $5.3 billion in 2026, including $350 million of turnaround costs, which will be capitalized in 2026 [1] - Approximately $3.5-$3.6 billion will be allocated for sustaining capital expenditures to maintain base production and operations, while an additional $1.2-$1.4 billion will be dedicated to growth and expansion projects [1] Upstream Production Outlook - Total upstream production for 2026 is guided in the range of 945,000 to 985,000 barrels of oil equivalent per day (BOE/d), indicating a year-over-year growth of 4% after adjusting for the acquisition of MEG Energy [2] - Oil sands production is expected to contribute 755,000-780,000 BOE/d, with operating costs per BOE projected between $11.25 and $12.75 [2] - Conventional production is projected to be 120,000-125,000 BOE/d, with operating costs between $11 and $12 per BOE [2] Downstream Throughput and Refining Guidance - Expected downstream crude throughput is projected to be between 430,000 and 450,000 barrels per day (bbl/d), implying a crude utilization rate of nearly 91% to 95% [3] - Canadian refining throughput is estimated at 105,000 to 110,000 bbl/d, with operating costs expected between $11.50 and $12.50 per barrel [3] - U.S. refining throughput is guided between 325,000 and 340,000 bbl/d, with operating costs in the range of $11 to $12 per barrel [3] Corporate Guidance - General and administrative expenses, excluding stock-based compensation, are expected to be in the range of $625-$675 million, remaining broadly flat compared to the previous year [4] - The company anticipates incurring expenses of approximately $150-$200 million related to integration, transaction, and other one-off costs in 2026 [4] Overall Strategy - Cenovus's capital guidance for 2026 reflects a strategy of reducing growth investments compared to 2025, while focusing on debt reduction and returning value to shareholders [5] - The company aims to maintain safe and reliable operations, cost competitiveness, and strengthen its outlook for the coming year [5]

Core Insights - Oil markets are projected to face a persistent oversupply in 2026, with forecasts indicating Brent and WTI prices may fall below $60 per barrel due to rising inventories and weaker demand growth [1][3][4] - Large-cap energy companies with diversified operations and strong financial models are positioned to provide stability and consistent dividends in this challenging environment [2][5][6] Oil Market Outlook - Global crude supply is expected to outpace demand growth, leading to increased inventories throughout 2026 [3][4] - Brent crude is forecasted to average around $55 per barrel, while WTI is expected to be just over $50 per barrel as the surplus deepens [3][4] Investment Opportunities - Income-focused investors should prioritize companies with durable dividends, as large-cap energy firms can offer predictable cash flow despite commodity price declines [5][6] - Canadian Natural Resources, Chevron, and Kinder Morgan are highlighted for their high dividend yields and robust business models [10][12][14] Company Profiles - **Canadian Natural Resources (CNQ)**: Offers a 5.1% yield supported by a diverse asset base and a 25-year history of dividend increases, with a strong balance sheet and operational efficiency [7][8][10] - **Chevron (CVX)**: Provides a 4.5% yield backed by a century of stability and a diversified global integrated model, maintaining or raising dividends for 90 years [11][12][10] - **Kinder Morgan (KMI)**: Features a 4.4% yield driven by contracted cash flows from its extensive energy infrastructure network, with expectations for continued dividend growth [13][14][10] Comparative Analysis - Each of the discussed companies offers a unique combination of yield, stability, and operational focus, allowing investors to align their choices with long-term income objectives [17][18]

​ConocoPhillips (NYSE:COP) is one of the Cheap NYSE Stocks to Buy Now. Wall Street has a cautious outlook on ConocoPhillips (NYSE:COP), mainly due to the supply-side risks facing the oil and liquids sector. On December 8, Arun Jayaram from J.P. Morgan lowered the firm’s price target on the stock from $112 to $102 and maintained a Buy rating. However, earlier on December 4, Charles Meade from Johnson Rice downgraded the stock from Buy to Hold and also lowered the price target from $108 to $105. ​Analyst Ar ...

Core Viewpoint - Suncor Energy's 2026 corporate guidance emphasizes operational excellence and plans for significant shareholder returns through increased share buybacks, alongside robust production and refining targets [2][6][23]. Production Guidance - Total upstream production is projected to be between 840,000 to 870,000 barrels per day (bbls/d) in 2026, reflecting an increase of over 100,000 bbls/d compared to 2023 [2][5]. - Annual refining utilization is expected to average between 99% and 102%, indicating improved performance across the downstream portfolio [2][6]. Capital Expenditures - Total capital expenditures for 2026 are anticipated to be approximately C$5.7 billion, aligning with targets set during the 2024 Investor Day [3][9]. - Key investments include in situ well pads, Mildred Lake East, West White Rose, and the Petro-Canada retail network optimization plan [3][6]. Shareholder Returns - The company plans to return 100% of excess funds to shareholders through share buybacks, increasing the monthly repurchase amount by 10% to C$275 million, aiming for a total of C$3.3 billion in 2026 [2][6]. Operational Performance - The company is focused on maintaining high operational performance, with a commitment to delivering superior shareholder value in 2026 and beyond [4][6]. - An update on 2025 operational results and performance relative to the 2024 Investor Day targets will be provided in early January 2026 [4][6].