Jefferies maintains a "Hold" rating for BP (NYSE:BP) and raises the price target to 440 GBp.BP announces a joint venture with Corteva Inc., named Etlas, aiming to produce biofuel feedstocks.The stock has seen a decrease of 2.01%, with a current price of $33.67.BP (NYSE:BP) is a global energy company involved in oil and gas exploration, production, refining, and marketing. It competes with major players like ExxonMobil and Shell. On January 7, 2026, Jefferies maintained its "Hold" rating for BP, with the sto ...

The refining sector has had a strong start to the year, and Valero Energy (VLO) has been among the leaders in this space. The shares in Valero Energy climbed to new 52-week highs in early January after yet another quarter in which the company performed well in terms of refining margin and cash returns. Analysts are also re-evaluating the entire downstream petroleum industry in light of shifting geopolitics, which are holding back supplies of heavy crude oils. Venezuela’s oil industry has re-entered the s ...

Marathon Petroleum Corporation (NYSE:MPC) is among the ridiculously cheap stocks to buy now. As of December 26, Marathon Petroleum Corporation (NYSE:MPC) has mixed market sentiment, with 50% of analysts covering it recommending a Buy and the remaining 50% maintaining a neutral stance. While the price target range is $180 to $231, the median target of $205 implies 25.24% upside. Among those with a balanced view on the stock is Mizuho, which raised its price target on Marathon Petroleum Corporation (NYSE:M ...

LanzaTech (LNZA) “announced an increase in its holdings of LanzaJet to 53%. This announcement follows the successful commissioning and production of ASTM-certified sustainable fuels including Synthetic Paraffinic Kerosene and Renewable Diesel at LanzaJet’s Freedom Pines Fuels facility in Soperton, Georgia, the world’s first commercial-scale plant to produce jet fuel from ethanol. On December 16, 2025, LanzaTech received its final tranches of LanzaJet common stock, which brings the Company’s ownership perce ...

Core Insights - The oil and gas refining sector has seen standout gains from companies like Valero Energy, Par Pacific Holdings, and HF Sinclair, with each up over 30% year to date, significantly outperforming the broader energy sector [1][8] Industry Dynamics - Refining margins have remained strong due to low global product inventories and steady demand for fuels, particularly distillates like diesel and jet fuel [3] - Supply constraints have been exacerbated by maintenance issues, outages, and refinery closures, leading to healthier margins for refiners [3] - Improved operational reliability has allowed refiners to maintain high throughput and low unplanned downtime, enhancing profitability [4] Operational Advantages - Companies have benefited from flexibility in product mix, allowing them to shift production towards higher-value products based on market signals [5] - Access to advantaged crude supplies and strong logistics networks have maximized margin capture, while retail and marketing segments provided stability [5] Future Outlook - The refining and marketing industry is expected to remain supported by tight supply-demand dynamics and limited new capacity additions, although predicting stock performance for 2026 is challenging [6] - Valero Energy, Par Pacific, and HF Sinclair are highlighted as companies to watch as industry fundamentals evolve [6] Company Profiles - **Valero Energy**: Operates 15 refineries with a throughput of about 3.2 million barrels per day, producing various refined products. The company has a significant renewables footprint and is expected to see 24.5% earnings growth in 2026 [9][10] - **Par Pacific**: Runs an integrated energy business with a refining capacity of 219,000 barrels per day and is involved in decarbonization efforts. The company has a market capitalization of $1.9 billion and a 19% increase in 2026 earnings estimates [11][12] - **HF Sinclair**: Operates seven refineries with a combined throughput of approximately 678,000 barrels per day. The company has diversified into renewable diesel and specialty lubricants, with a 6.5% growth forecast for 2026 earnings [13][14]

Key Takeaways IMO targets 2026 production of 441,000-460,000 boe/d, with reliability gains and growth at Kearl & Cold Lake.IMO plans C$2-C$2.2B in 2026 capital spending, prioritizing high-value upstream projects and cost reductions.IMO forecasts 441K-460K boe/d in 2026 as refinery upgrades and turnarounds support long-term returns.Imperial Oil Limited (IMO) , a leader in Canada's oil and gas sector, has outlined its strategic vision for 2026, focusing on driving robust, sustainable growth while maximizing v ...

Core Viewpoint - The company has outlined its corporate guidance outlook for 2026, focusing on maximizing asset value and pursuing high-value growth opportunities while delivering strong returns to shareholders [1][2]. Capital and Exploration Expenditures - Forecasted capital and exploration expenditures for 2026 are between $2.0 billion and $2.2 billion, aimed at enhancing long-term profitability [3][7]. - Investments will target secondary bitumen recovery projects at Kearl, high-value infill drilling at Cold Lake, and mine progression at both Kearl and Syncrude [3]. Upstream Production - Upstream production is projected to be between 441,000 and 460,000 gross oil equivalent barrels per day, with specific targets of 285,000 to 295,000 barrels per day at Kearl and 152,000 to 160,000 barrels per day at Cold Lake [4][7]. - Reliability improvements and growth at Kearl and Cold Lake are expected to contribute to higher production volumes [4]. Downstream Operations - Downstream throughput is forecasted to be between 395,000 and 405,000 barrels per day, with capacity utilization expected to be between 91% and 93% [5][8]. - Planned turnarounds at Strathcona and Sarnia refineries will focus on enhancing operational performance and profitability [5]. Strategic Focus - The company aims to structurally increase cash flow and improve margins through enhanced logistics and processing flexibility in the Downstream segment [2][6]. - The 2026 plan is built on a strong foundation, leveraging high-quality assets and competitive advantages to drive profitable growth and shareholder value [6].

Core Insights - Cyclum NextGen Travel Centers is participating in the Snowball Derby, showcasing its partnership with Phillips 66 through the 76 Renewable Diesel-branded car [1][2] - The company is set to open its first operational site in Dunnigan, California, in October 2025, marking the beginning of a national rollout strategy for next-generation travel centers [2][4] - Cyclum aims to develop a network of up to 400 travel center locations across the U.S., integrating various energy solutions including renewable diesel, ethanol-based gasoline, CNG, EV fast charging, and hydrogen [4][5] Company Overview - Cyclum NextGen Travel Centers is focused on creating a multi-energy fueling ecosystem to meet the needs of commercial fleets and everyday travelers [4][5] - The company operates under a Traditional, Transitional, and Renewable (TTR) energy model, emphasizing clean energy initiatives and reducing carbon emissions [5] Industry Context - The Snowball Derby is a prestigious event in short-track racing, known for launching the careers of notable drivers [3] - The 2025 race is expected to feature intense competition, with Cyclum's driver Kole Raz participating [3]

Core Insights - Aemetis, Inc. reported a revenue of $59.2 million for Q3 2025, an increase of $7 million compared to Q2 2025, driven by orders from India Oil Marketing Companies and improved ethanol prices and volumes [2][4][6]. Financial Performance - Total revenues for Q3 2025 were $59.2 million, down from $81.4 million in Q3 2024, with the Keyes plant operating at a lower grind rate to maximize margins [7]. - The company experienced a gross loss of $58 thousand in Q3 2025, compared to a gross profit of $3.9 million in Q3 2024 [8]. - Operating loss for Q3 2025 was $8.5 million, worsening from an operating loss of $3.9 million in the same period last year [8]. - Net loss for Q3 2025 was $23.7 million, compared to a net loss of $17.9 million in Q3 2024 [10]. Segment Performance - The Dairy Natural Gas segment produced 114,000 MMBtu from twelve operating digesters, generating $4 million in revenue [6][7]. - The India Biodiesel business reported $14.5 million in revenue, primarily from new allocations converting into sales to India Oil Marketing Companies [7]. Cash Flow and Investments - Cash increased to $5.6 million at the end of Q3 2025, up from $1.6 million in Q2 2025, supporting project execution in India [6]. - The company signed contracts worth $57 million for new equipment purchase and installation for the Mechanical Vapor Recompression (MVR) and dairy RNG projects [4]. Future Outlook - Aemetis plans to sell $20 million of tax credits following the completion of a multi-dairy biogas digester in September 2025 [4]. - The company is targeting an IPO for its India subsidiary in 2026 [6].

Financial Highlights - Q3 2025 net income attributable to IEP was $287 million, or $049 per depositary unit, compared to $22 million, or $005 per depositary unit, for Q3 2024[6] - Q3 2025 Adjusted EBITDA attributable to IEP was $383 million compared to $183 million for Q3 2024[6] - Indicative net asset value as of September 30, 2025, was approximately $38 billion, an increase of $567 million compared to June 30, 2025[6] - IEP declares third quarter distribution of $050 per depositary unit[6] Segment Performance - Energy segment net income was $258 million in Q3 2025, compared to a loss of $88 million in Q3 2024[9] - Energy segment Adjusted EBITDA was $409 million in Q3 2025, compared to a loss of $38 million in Q3 2024[9] - Investment segment returns were negative 05% for Q3 2025[13, 15] - Automotive Services revenue was $366 million, up $11 million when compared to Q3 2024[25] - Food Packaging Q3 2025 Adjusted EBITDA attributable to IEP decreased by $8 million compared to prior year quarter[32]