Capital Markets Archives - Page 2 of 122 -

bp to acquire Woodside’s stake in Trinidad’s Calypso gas project

August 6, 2026

(World Oil) — bp has agreed to acquire Woodside Energy’s 70% interest in the Calypso gas project offshore Trinidad and Tobago, giving the company full ownership and operatorship of the early-stage deepwater natural gas development. The transaction increases bp’s stake in Block TTDAA 14 from 30% to 100% and represents another step in the company’s strategy of concentrating its upstream portfolio around high-value assets where

Occidental CEO Richard Jackson outlines long-term growth strategy after strong Q2

August 5, 2026

(World Oil) – Occidental President and CEO Richard Jackson used the company’s second-quarter earnings release to reinforce a strategy centered on maximizing existing assets, strengthening the balance sheet and delivering long-term free cash flow growth through disciplined execution. “Our second quarter results demonstrate the strength of Oxy’s resources and the competitive advantages that position us for continued value creation,” Jackson said. He said

US upstream oil and gas second-quarter dealmaking dives on volatility

August 5, 2026

(BOE Report) – Dealmaking in the U.S. upstream oil and gas sector shrank fourfold to $9 billion in the second quarter of this year as volatile oil prices tempered investor confidence, analytics firm Enverus said on Wednesday. “Crude volatility tied to the Iran conflict and a softening gas outlook likely widened the bid-ask spread and complicated valuations, which pushed announced

Goldman sees Brent at $80-$90 until US-Iran deal or major escalation

August 4, 2026

(BOE Report) – Goldman Sachs said on Tuesday it expects Brent crude to trade in an $80-$90 per barrel range until there is either confirmation of a new U.S.-Iran nuclear deal or a significant escalation of their conflict. The bank estimates spot Brent’s fair value at about $80 a barrel, suggesting markets are pricing in only a modest risk premium

Saudi Aramco’s adjusted profit jumps 33% as oil prices surge

August 4, 2026

(Oil Price) – Saudi Aramco saw its adjusted net income jump by 33% for the second quarter from a year earlier as high oil prices and the oil giant’s ability to re-route most crude exports more than offset the constrained flows at the Strait of Hormuz. The state giant Aramco on Tuesday reported an adjusted net income of $33.385 billion for the

ExxonMobil, Chevron use profits to cut debt amid market uncertainty

August 4, 2026

(World Oil) — ExxonMobil and Chevron used record second-quarter earnings to strengthen their balance sheets, directing billions of dollars toward debt reduction rather than significantly increasing share buybacks as geopolitical tensions continue to cloud the oil market outlook. The two U.S. supermajors more than doubled net income during the quarter, benefiting from higher crude prices and exceptionally strong refining margins following prolonged disruptions

US oil exports in July fall to lowest level in eight months, data shows

August 4, 2026

(BOE Report) – U.S. oil exports in July fell to 3.66 million barrels per day, the lowest level in eight months, ship tracking data showed, as a short-lived peace deal between the U.S. and Iran in June briefly flooded markets with Middle Eastern oil and diminished demand for American crude abroad. The U.S. had cinched the spot as the world’s

BP earnings surge to $5.7 billion on oil price and refining boom

August 4, 2026

(Oil Price) – BP more than doubled its profit for the second quarter from a year earlier on the back of higher oil and gas prices and stronger refining margins driven by the shock supply disruption in the Middle East. BP on Tuesday reported an underlying replacement cost (RC) profit, the closest metric to net profit closely watched by analysts, of $5.7

360 Energy Pulse: What mattered this week in energy

July 31, 2026

(By Oil & Gas 360) – This week highlighted the growing gap between short-term market volatility and long-term industry investment. Oil prices whipsawed on renewed U.S.–Iran tensions before retreating as military action paused, while natural gas markets softened on record production. Yet behind the daily price swings, companies continued committing billions of dollars to LNG, pipelines, upstream developments, and natural

Petrobras sets production record of 3.34 MMboed in second quarter

July 31, 2026

(World Oil) — Petrobras increased its oil and natural gas production 14.1% year over year to a record 3.34 MMboed in the second quarter of 2026, driven by the continued ramp-up of major pre-salt developments in the Santos basin and improved operational efficiency across its offshore portfolio. Production also rose 3.4% from the first quarter as the company benefited from increasing

Middle East oil shock could hand upstream sector a $495 billion windfall

July 31, 2026

(Oil Price) – Wood Mackenzie now estimates that the global upstream oil and gas sector could generate $495 billion in free cash flow in 2026 if crude averages $90 per barrel, more than doubling its previous forecast based on a $60 oil price assumption. The revision follows the sharp jump in crude prices triggered by the Middle East conflict, turning what had

Pipeline company Enbridge reports $1.4-billion second-quarter profit

July 31, 2026

(BOE Report) – Enbridge Inc. reported a second-quarter profit attributable to common shareholders of $1.4 billion, down from $2.18 billion a year earlier. The pipeline company says the profit amounted to 64 cents per share for the quarter ended June 30, down from $1 per share in the same quarter last year. On an adjusted basis, Enbridge says it earned 63 cents

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