Wednesday, May 14, 2025
ConocoPhillips forecasts smaller-than-expected loss, to resume buybacks- oil and gas 360

ConocoPhillips forecasts smaller-than-expected loss, to resume buybacks

Reuters ConocoPhillips COP.N on Wednesday forecast a smaller-than-expected quarterly adjusted loss and said it would resume buying back its shares after a historic collapse in crude prices forced the U.S. oil and gas producer to halt the program in April. Oil companies were forced to slash dividends, halt buybacks and curtail production earlier this year as the COIVD-19 crisis hammered energy demand,

Sandusky, Ohio–(Newsfile Corp. – September 30, 2020) – PAO Group, Inc. (OTC Pink: PAOG) today…

U.S. crude oil inventories decrease by 2.0 million barrels- oil and gas 360

U.S. crude oil inventories decrease by 2.0 million barrels

Weekly Crude Oil Storage as of September 25, 2020   U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 2.0 million barrels from the previous week. At 492.4 million barrels, U.S. crude oil inventories are about 13% above the five year average for this time of year, according to the EIA crude oil and petroleum