shareholders Archives - Oil & Gas 360

War-fueled oil rally set to lift shale profits to highest since 2022

August 3, 2026

(BOE Report) – U.S. shale producers are expected to report their strongest quarterly profits since 2022 after the Iran war sent crude prices soaring, with analysts expecting much of the windfall to be returned to shareholders rather than spent on expanding production. ConocoPhillips, Occidental Petroleum, EOG Resources, Diamondback Energy and Devon Energy are among the producers expected to post sharply stronger

Shale drilling decreases amid U.S. oil industry consolidation, shareholder returns

June 10, 2024

World Oil (Bloomberg) – Drilling in the U.S. shale patch dropped to the lowest level in almost two-and-a-half years as operators vow to make good on promises to investors for subdued production growth this year. The number of U.S. rigs drilling for oil fell by four to 492, the lowest since January 2022, according to data released Friday by Baker

SilverBow Resources shareholders re-elect all SilverBow director nominees at 2024 annual meeting of shareholders

May 29, 2024

Oil and Gas 360 05/29/2024 HOUSTON–(BUSINESS WIRE)– SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced that SilverBow shareholders have voted to re-elect all three of the Company’s director nominees – Gabriel L. Ellisor, Kathleen McAllister and Charles W. Wampler, based on the preliminary vote count provided by its proxy solicitor following the Company’s 2024 Annual Meeting of

Pine Cliff Energy Ltd: President’s message to shareholders

March 5, 2024

Oil and Gas 360 I hope everyone is doing well. Pine Cliff has been busy integrating our acquisition of Certus Oil and Gas, which closed on December 13th. We are pleased to report that the performance of these assets thus far has exceeded our expectations. Concurrently, we are managing the challenges posed by the unusually mild winter weather and its

Exxon, Chevron shareholders reject toughening climate goals

June 1, 2023

Yahoo Finance (Bloomberg) — Exxon Mobil Corp. and Chevron Corp. shareholders soundly rejected activist demands to take responsibility for curbing emissions by motorists and industries that burn their fuels.Roughly 90% of investors in North America’s two largest oil producers shot down a proposal by environmental group Follow This that urged executives to set targets for reducing so-called Scope 3 emissions.

Big oil is not dancing to government tunes. Period.

November 7, 2022

Oil Price Several days ago, President Biden made a media splash when he threatened oil companies with windfall taxes and “other restrictions” if they don’t stop returning cash to shareholders and start investing this cash in more oil production. The industry, via the American Petroleum Institute, responded with yet another reiteration of the fact that the oil market is

U.S. shale’s debt detox is a huge win for shareholders

October 13, 2022

Oil Price North America’s oil and gas producers have reduced their total debts by $26 billion since the end of 2019 as the shale industry made the structural shift from spending to grow production to increasing shareholder returns and strengthening balance sheets. The significant debt reduction at North American oil and gas producers, coupled with capital discipline at most shale

U.S. oil and gas independents returned $18.1 billion to shareholders in 2021

August 18, 2022

World Oil U.S. oil and gas producers recovered and reset in 2021, posting increased profits of $73.7 billion and $211.9 billion in revenues, with significant deal activity that drove $144.1 billion in capital expenditures (capex), according to the EY U.S. oil and gas reserves, production and ESG benchmarking study. The study documents how the industry’s 50 largest publicly traded exploration

Exxon shareholders back board and vote no to faster carbon emission cuts

May 25, 2022

Nasdaq HOUSTON- Exxon Mobil Corp XOM.N shareholders on Wednesday backed the energy company’s climate strategy, voting against supporting a resolution filed by activist group Follow This urging faster action to battle climate change. Shareholders approved, in the preliminary voting session, a proposal for the company to create a report on scenario analysis for climate change.

Shareholders at four U.S. oil companies to vote on climate proposals

March 14, 2022

US News HOUSTON – Shareholders at four U.S. oil companies will vote in the coming quarter on proposals for the firms to meet emissions targets set out in Paris in 2015, said climate activist group Follow This. The votes will test shareholder willingness to impose new air pollution restrictions amid high energy prices and new energy security fears following Russia’s

Shareholders of oil giant Shell vote in favor of London move

December 10, 2021

CNBC LONDON — Shareholders of oil giant Royal Dutch Shell on Friday voted to approve plans for the company to overhaul its legal and tax structure and move its headquarters to the U.K. from the Netherlands. The Anglo-Dutch company has said the simplification of its dual tax structure is designed to strengthen its competitiveness, accelerate its energy transition plans and help to make

Southwest Gas asks shareholders to reject Carl Icahn’s tender offer

November 9, 2021

Reuters Southwest Gas Holdings Inc, which is embroiled in a proxy battle with Carl Icahn, on Tuesday named two new directors and asked shareholders to reject a $75 per share tender offer from the activist investor. Icahn had made a bid to gain control of the company’s board and replace the chief executive after Southwest adopted a shareholder rights plan

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