(BOE Report) – Presidio Investment Holdings is working with Goldman Sachs on a first-of-its-kind debt facility worth up to $1 billion to give the U.S. oil and gas producer a war chest to pursue acquisitions as it becomes a publicly listed company, Presidio’s executives told Reuters. The energy producer is set to list in the coming weeks via a combination
(BOE Report) – CALGARY – Oilpatch advisers are expecting the wave of consolidation to continue after last year’s string of blockbuster Canadian deals, but whether foreign buyers are ready to jump into the fray remains an open question. Companies have seen the merit in bulking up through mergers and acquisitions as oil prices hover around the lacklustre US$60 per barrel mark,
(Investing) – LONDON – Oil prices were stable on Monday after the U.S. and Iran pledged to continue indirect talks, easing oil supply fears, but India stepping away from Russian purchases gave prices a floor and global stock markets rallied. Brent crude oil futures were up 6 cents, or 0.1%, at $68.11 a barrel by 1304 GMT, while U.S. West Texas Intermediate crude rose
(Oil Price) – ConocoPhillips (NYSE: COP) booked lower-than-expected earnings for the fourth quarter as higher production was unable to offset the decline in oil prices. ConocoPhillips reported on Thursday fourth-quarter adjusted earnings of $1.3 billion, or $1.02 per share. That was nearly halved compared with adjusted earnings of $2.4 billion, or $1.98 per share, for the fourth quarter of 2024. The earnings for
(Oil Price) – Marathon Petroleum (NYSE: MPC) beat fourth-quarter earnings expectations by a mile as refining margins surged in the latter part of 2025. One of the biggest U.S. refiners on Tuesday reported fourth-quarter adjusted net income of $1.2 billion, or $4.07 per share, trouncing the analyst consensus estimate of $2.72 earnings per share in The Wall Street Journal. The fourth quarter of 2025 adjusted
(Oil & Gas 360) – Vancouver, BC – January 29, 2026 – CanCambria Energy Corp. (TSXV: CCEC) (FSE: 4JH) (OTCQB: CCEYF) (“CanCambria” or the “Company”) is pleased to announce today that, further to its news releases dated January 5, 2026 and January 15, 2026, it has closed a second upsize of its non-brokered private placement (the “Offering”) for gross proceeds of
(World Oil) – SM Energy Company has closed its all-stock merger with Civitas Resources, Inc. following shareholder approval at special meetings held Jan. 27. The combined company will continue operating under the SM Energy name. The transaction creates a larger, oil-focused U.S. independent with a broader footprint across core shale basins, including an expanded position in the Permian Basin. Management has previously outlined plans
(Oil Price) – Chevron Corporation (NYSE: CVX) reported on Friday consensus-beating earnings for the fourth quarter as it pledged to boost presence in Venezuela, where it is currently the only U.S. company authorized to operate. Chevron reported today adjusted earnings of $3.0 billion, or $1.52 per share, for the fourth quarter of 2025. While the profit was lower compared to the same period
(BOE Report) – Exxon Mobil beat Wall Street targets in fourth-quarter earnings reported on Friday, with higher oil production in profitable Permian Basin and Guyana assets helping to boost the No. 1 U.S. oil producer’s results. Adjusted earnings for the October to December quarter were $1.71 per share, beating a consensus estimate of $1.68 per share from analyst data compiled by
(World Oil) – Coterra Energy Inc. and Devon Energy Corp. are in advanced talks about a combination, according to people familiar with the matter, in what would be one of the largest oil and gas deals in years. The companies could announce a deal in the coming days, said the people, who asked to not be identified because the talks are private. No
(Oil & Gas 360) – DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the dual listing of its common stock on NYSE Texas, the newly launched, fully electronic equities exchange headquartered in Dallas, Texas. “We are excited and honored to join NYSE Texas. Texas sits at the heart of North American energy leadership, shaping the future of global progress,”
(Oil Price) – Russia’s oil producer Lukoil has agreed to sell most of its international assets to private equity giant Carlyle. Following the U.S. sanctions on Lukoil and Rosneft, “as a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine,” Lukoil announced in October it would sell all of its international assets, initiating a formal process to receive bids from
