February 2, 2024 – Oil & Gas 360

Exxon beats profit forecasts with strong Q4 earnings

February 2, 2024

Oil Price ExxonMobil (NYSE: XOM) posted higher-than-expected earnings for the fourth quarter, while its full-year profit was the second-highest in a decade, as the U.S. supermajor boosted its Guyana and Permian production and achieved record annual refinery throughput. Exxon reported on Friday fourth-quarter 2023 earnings of $7.6 billion, or $1.91 per share assuming dilution. As previously flagged, the U.S. supermajor’s Q4 earnings were

Chevron profit sinks but beats estimates, shares up

February 2, 2024

Yahoo Finance HOUSTON – Chevron Corp on Friday beat analysts’ earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges. Shares were up 2% in morning trading after the company beat analysts’ consensus forecast by 24 cents with adjusted earnings of $3.45 per share in the fourth quarter

Silver Hill Energy Partners enters Bakken with Liberty Resources acquisition

February 2, 2024

World Oil WO) – Silver Hill Energy Partners, LP has signed definitive agreements with Liberty Resources II, LLC to acquire Liberty’s interests in oil and gas properties, rights and related assets in North Dakota. Acquisition highlights. Silver Hill Energy Partners will acquire Liberty’s producing assets in North Dakota’s Bakken region, where Libery’s net production in December 2023 was approximately 13,000 boed

TotalEnergies’ Texas refinery in Port Arthur restarted on Friday, people familiar with the operations told Reuters. The 238,000-barrel-per-day refinery has been shuttered since mid-January due to a power outage that triggered a malfunction at its gasoline-producing fluidic catalytic cracker. Two crude distillation units and two vacuum distillation units were shuttered—those units convert crude oil into feedstock for the other units at the refinery. The refinery also had units that failed to start up on time when 3-month maintenance was completed in November.- oil and gas 360

Two U.S. refineries returning to service after emergency outages

February 2, 2024

Oil Price TotalEnergies’ Texas refinery in Port Arthur restarted on Friday, people familiar with the operations told Reuters. The 238,000-barrel-per-day refinery has been shuttered since mid-January due to a power outage that triggered a malfunction at its gasoline-producing fluidic catalytic cracker. Two crude distillation units and two vacuum distillation units were shuttered—those units convert crude oil into feedstock for the other units

5 Stocks You Can Confidently Invest $500 in Right Now

February 2, 2024

2024-02-02 11:45:00 ET Investors planning to invest in stocks to create wealth in the long …

PREVIEW-Orsted’s strategic shake-up has investors worried

February 2, 2024

Nasdaq COPENHAGEN – Orsted ORSTED.CO is expected to trim investment plans and cut dividends on Wednesday as it presents a new strategy but investors are worried that the Danish renewable energy firm may want to raise new capital to stick to its ambitious targets. Once a green investor darling, the world’s biggest offshore wind developer found itself at the centre of

Gastauer Family Office’s Billionaire Founder Michael Gastauer Is Setting up a $1.5 Billion Nature Fund

February 2, 2024

London, United Kingdom–(Newsfile Corp. – February 2, 2024) – Gastauer Family Office (GFO) announ…

Petrobras CEO says Red Sea crisis could send oil above $90

February 2, 2024

World Oil (Bloomberg) – Oil prices could top $90 per bbl this year if attacks escalate on ships in the Red Sea, according to the top executive at Brazilian state-controlled oil giant Petroleo Brasileiro SA. “We have a very fragile neck there for the oil and gas business,” Chief Executive Officer Jean Paul Prates said in an interview on Bloomberg

Oil falls as US data spells later not sooner rate cuts

February 2, 2024

Yahoo Finance LONDON-Oil prices dipped about 2% on Friday after strong U.S. jobs data diminished the odds of interest rate cuts in the short term, setting up both benchmarks for a weekly loss given China’s faltering economy and persistent geopolitical tensions. Brent crude futures were down $1.40, or 1.8%, at $77.30 a barrel by 1453 GMT and U.S. West Texas

Civeo Announces Quarterly Dividend

February 2, 2024

Civeo Corporation (NYSE:CVEO) announced today that its board of directors has declared a quarterl…

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