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Marathon Oil Corp

Coterra’s strong energy production allowed for big cash returns to shareholders

by Milton Acorn
Coterra’s strong energy production allowed for big cash returns to shareholders

Coterra Energy missed Wall Street expectations for sales and earnings in the second quarter. However, production volumes and more importantly cash generation both came in ahead of expectations. Revenue in …

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Categories Science

Wells Fargo CEO talks up reasons to love the stock — plus, why the market drop

by Milton Acorn
Wells Fargo CEO talks up reasons to love the stock — plus, why the market drop

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Market …

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Categories Science

ConocoPhillips to buy Marathon Oil in $17.1 billion all-stock deal that bolsters shale assets

by Milton Acorn
ConocoPhillips to buy Marathon Oil in .1 billion all-stock deal that bolsters shale assets

ConocoPhillips Chairman & CEO Ryan Lance speaks during the CERAWeek oil summit in Houston, Texas, on March 19, 2024.  Mark Felix | AFP | Getty Images ConocoPhillips agreed on Wednesday …

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Categories Science

Coterra’s smart production pivot leads to an excellent quarter, sweeter outlook

by Milton Acorn
Coterra’s smart production pivot leads to an excellent quarter, sweeter outlook

Coterra Energy topped Wall Street expectations Thursday with first-quarter results that further proved the Club holding’s nimble production strategy is the right one for shareholders. Revenue in the three months …

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Categories Science

Elliott takes $1 billion stake in Phillips 66, plans to seek two board seats

by Milton Acorn
Elliott takes  billion stake in Phillips 66, plans to seek two board seats

Elliott Management has taken a $1 billion stake in Phillips 66 and is seeking as many as two board seats as the company underperforms its peers, according to a Wednesday …

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Categories Science

What tie-ups in the U.S. oil patch could mean for Coterra Energy

by Milton Acorn
What tie-ups in the U.S. oil patch could mean for Coterra Energy

Exxon Mobil ‘s (XOM) planned deal to buy Pioneer Natural Resources (PXD) has sparked talk of more consolidation in the oil-and-gas industry. While we don’t own companies as mergers-and-acquisition plays, …

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Categories Science

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