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Oil and Gas

Saudi Aramco upholds dividend despite drop in first-quarter profits

by Milton Acorn
Saudi Aramco upholds dividend despite drop in first-quarter profits

Saudi Aramco’s first-quarter net profit fell 14% year-on-year amid lower oil prices and production. Net income for the three months up to March 31 came in at $27.3 billion, down …

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Categories Science

Exxon says Chevron feud over Hess Guyana assets could drag into 2025

by Adrian Jhonsan
Exxon says Chevron feud over Hess Guyana assets could drag into 2025

Darren Woods, chairman and chief executive officer of Exxon Mobil Corp, speaks during the 2024 CERAWeek by S&P Global conference in Houston, Texas, US, on Monday, March 18, 2024.  F. …

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Categories World

Brent, WTI gain after last week’s losses

by Milton Acorn
Brent, WTI gain after last week’s losses

Palestinians, including children, collect usable belongings in the heavily damaged buildings after Israeli attacks in Rafah, Gaza on February 12, 2024. Building targeted in the Israeli attacks and surrounding structures …

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Categories Science

AI could drive natural gas boom as utilities face surging electric demand

by Milton Acorn
AI could drive natural gas boom as utilities face surging electric demand

A chimney from the Linden Cogeneration Plant is seen in Linden New Jersey April 22, 2022.  Kena Betancur | View Press | Corbis News | Getty Images Natural gas producers …

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Categories Science

FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board

by Milton Acorn
FTC accuses ex-Pioneer CEO of colluding with OPEC, blocks him from Exxon board

Scott Sheffield, CEO of Pioneer Natural Resources. Adam Jeffery | CNBC The Federal Trade Commission on Thursday accused the former Pioneer Natural Resources CEO of colluding with OPEC to raise …

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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

WTI edges higher, holds above $79 after sell off

by Milton Acorn
WTI edges higher, holds above  after sell off

An oil pumpjack is pictured in the Permian basin, Loco Hills regions, New Mexico, U.S., April 6, 2023. Liz Hampton | Reuters U.S. crude oil edged higher on Thursday after …

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Categories Science

Shell beats profit estimates, launches $3.5 billion share buyback

by Milton Acorn
Shell beats profit estimates, launches .5 billion share buyback

The Shell logo is displayed outside a petrol station in Radstock on February 17, 2024 in Somerset, England. Matt Cardy | Getty Images News | Getty Images British oil giant …

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Categories Science

Exxon Mobil reaches agreement with FTC, set to close $60B Pioneer deal

by Adrian Jhonsan
Exxon Mobil reaches agreement with FTC, set to close B Pioneer deal

A view of the Exxon Mobil refinery in Baytown, Texas. Jessica Rinaldi | Reuters The Federal Trade Commission will wave through Exxon Mobil‘s roughly $60 billion acquisition of Pioneer Natural …

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Categories World

WTI below $81 ahead of Fed decision

by Milton Acorn
WTI below  ahead of Fed decision

A pumpjack is shown outside Midland-Odessa area in the Permian basin in Texas, U.S., July 17, 2018. Image taken July 17, 2018.  Liz Hampton | Reuters U.S. crude oil fell …

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Categories Science
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