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Pioneer

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Reuters - 1 week ago

Power Up: How long will oil profits sizzle?

Power Up: How long will oil profits sizzle? Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here . Aug 5 - By Liz Hampton U.S. Energy Markets Editor Hello Power Up readers! We're starting to come up for air from earnings season, which has been mostly positive for major oil companies.
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Reuters - 2 weeks ago

US drillers cut oil and gas rigs for first time in three weeks - Baker Hughes

UPDATE 1-US drillers cut oil and gas rigs for first time in three weeks - Baker Hughes Adds changes in basins and states By Scott DiSavino Aug 2 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.
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Reuters - 2 weeks ago

US drillers cut oil and gas rigs for first time in three weeks - Baker Hughes

US drillers cut oil and gas rigs for first time in three weeks - Baker Hughes By Scott DiSavino Aug 2 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by three to 586 in the week to Aug.
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Reuters - 2 weeks ago

Exxon’s dominance may not be good for Exxon

BREAKINGVIEWS-Exxon’s dominance may not be good for Exxon The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Robert Cyran NEW YORK, Aug 2 (Reuters Breakingviews) - Exxon Mobil XOM.N is barging ahead of rival Chevron CVX.N . Second-quarter figures reported on Friday showed the $520 billion oil giant churned out $9.2 billion of profit, thanks to the benefits of its $60 billion deal for Pioneer Natural Resources and record production in oil fields in Texas and
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Reuters - 2 weeks ago

PREVIEW: Exxon Mobil shares off; Q2 EPS, rev seen rising

RPT-BUZZ-PREVIEW: Exxon Mobil shares off; Q2 EPS, rev seen rising Repeats with no changes to text ** Exxon Mobil XOM.N shares down 1.3% to $116.95 on Thurs ahead of quarterly report due before market open on Friday ** XOM expected to report adj EPS of $2.01 vs $1.94 in year-ago quarter on rev of ~$91 bln, which would be up 9.7% y/y, according to latest data from LSEG ** In last 8 quarters XOM beat EPS expectations 5 times while rev beat expectations just 3 times ** Exxon Mobil said on July 8 it
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Reuters - 2 weeks ago

US panel appoints New Mexico judge to hear shale-oil antitrust lawsuits

US panel appoints New Mexico judge to hear shale-oil antitrust lawsuits By Mike Scarcella Aug 1 (Reuters) - A U.S. judicial panel said on Thursday that a series of related lawsuits accusing shale oil producers Hess, Pioneer Natural Resources and six others of a price-fixing scheme will be grouped together and assigned to a U.S. federal judge in New Mexico.
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Reuters - 2 weeks ago

PREVIEW: Exxon Mobil shares off; Q2 EPS, rev seen rising

BUZZ-PREVIEW: Exxon Mobil shares off; Q2 EPS, rev seen rising ** Exxon Mobil XOM.N shares down 1.3% to $116.95 on Thurs ahead of quarterly report due before market open on Friday ** XOM expected to report adj EPS of $2.01 vs $1.94 in year-ago quarter on rev of ~$91 bln, which would be up 9.7% y/y, according to latest data from LSEG ** In last 8 quarters XOM beat EPS expectations 5 times while rev beat expectations just 3 times ** Exxon Mobil said on July 8 it expects lower natural gas prices, re
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Reuters - 3 weeks ago

US oilfield firms slash prices as mega-mergers shrink customer base

ANALYSIS-US oilfield firms slash prices as mega-mergers shrink customer base Mega-mergers lead to reduced work for oilfield services companies Smaller firms with older tech forced to lower prices to stay competitive Mergers rise as service companies struggle to maintain customer base By Georgina McCartney HOUSTON, July 24 - A wave of mega-mergers among oil producers is forcing the U.S.
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Reuters - 4 weeks ago

U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports

UPDATE 3-U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports Adds Hess response in paragraph 6 July 19 (Reuters) - The U.S. Federal Trade Commission is probing executives from major oil firms, including Hess Corp HES.N , Occidental OXY.N and Diamondback Energy FANG.O over their communications with OPEC officials, Bloomberg News reported on Friday, citing people familiar with the matter.
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Reuters - 1 month ago

ConocoPhillips, Marathon Oil get second US FTC request over $22.5 bln deal

ConocoPhillips, Marathon Oil get second US FTC request over $22.5 bln deal July 12 (Reuters) - Top U.S. independent oil producer ConocoPhillips COP.N said on Friday it received a second request from the U.S. Federal Trade Commission for information on its proposed acquisition of rival Marathon Oil MRO.N . ConocoPhillips said both companies received the requests on July 11 and are working with the FTC to review the merger.
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Reuters - 1 month ago

Exxon signals a hit from refining margins in Q2

Exxon signals a hit from refining margins in Q2 By Sabrina Valle HOUSTON, July 8 (Reuters) - Exxon Mobil Corp XOM.N on Monday signaled that lower refining margins across the industry will reduce its profits from fuels in the second quarter. A snapshot of operating factors affecting the quarter suggests earnings per share between $1.50 and $2.40, which is 17% below market consensus.
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Reuters - 1 month ago

Exxon Mobil signals second-quarter earnings hit from refining margins, natural gas prices

UPDATE 2-Exxon Mobil signals second-quarter earnings hit from refining margins, natural gas prices Adds details and background in paragraph 4-11 By Tanay Dhumal July 8 (Reuters) - Exxon Mobil XOM.N said on Monday lower natural gas prices and refining margins are expected to hit the oil major's second-quarter earnings. The oil major would be reporting its first earnings after closing the acquisition of Pioneer Natural Resources for $60 billion, with the combined operations making it the largest o
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Reuters - 1 month ago

What to Watch in the Week Ahead and on Monday, July 8

What to Watch in the Week Ahead and on Monday, July 8 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY Exxon Mobil is scheduled to issue a preview of its first quarterly earnings, including the results of its Pioneer Natural Resources acquisition.
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Reuters - 2 months ago

Bryan Sheffield-backed Tamboran's shares fall 6% in lukewarm NYSE debut

UPDATE 2-Bryan Sheffield-backed Tamboran's shares fall 6% in lukewarm NYSE debut Adds detail on company's business in paragraphs 5 to 7 June 27 (Reuters) - Shares of Tamboran Resources TBN.N TBN.AX , a natural gas exploration and production company backed by billionaire Bryan Sheffield, opened 6.3% below the IPO price in their debut on the New York Stock Exchange on Thursday.
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Reuters - 2 months ago

Bryan Sheffield-backed Tamboran raises $75 mln in US IPO

UPDATE 1-Bryan Sheffield-backed Tamboran raises $75 mln in US IPO Adds details from paragraph 2 June 26 (Reuters) - Tamboran Resources TBN.AX , a natural gas exploration and production company backed by billionaire Bryan Sheffield, said on Wednesday it had raised $75 million in its initial public offering (IPO) in the United States. The IPO valued Tamboran at $ 421.3 million and the price at which the shares were sold was lower than the $24 to $27 range the Sydney-based company had marketed earl
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Reuters - 2 months ago

A mountain of asset sales loom after oil megamerger era

ANALYSIS-A mountain of asset sales loom after oil megamerger era By Shariq Khan, Sabrina Valle and Arathy Somasekhar June 26 (Reuters) - U.S. oil and gas companies could face an uphill struggle to sell about $27 billion of assets to fund investor payouts over the next few years as the biggest wave of energy megamergers in 25 years nears the end of regulatory reviews.
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Reuters - 2 months ago

Truist Securities downgrades Exxon Mobil to 'hold', cuts PT by $22

BUZZ-Truist Securities downgrades Exxon Mobil to 'hold', cuts PT by $22 ** Truist Securities forecasts Exxon Mobil XOM.N shares to potentially underperform peers nearer-term, downgrades rating to 'hold' from 'buy' ** Brokerage also expects XOM's free cash flow (FCF) yield to trail peers well into 2025 ** "We think upcoming OPEC+ oil pressure could
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Reuters - 2 months ago

How Devon Energy missed out on the US oil and gas mega-deal wave

FOCUS-How Devon Energy missed out on the US oil and gas mega-deal wave By David French and Arathy Somasekhar June 6 (Reuters) - U.S. oil and gas producer Devon Energy DVN.N has lost bids to acquire at least three of its peers in the last 12 months because its shares were spurned as acquisition currency, according to people familiar with the negotiations.
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Reuters - 2 months ago

US House lawmakers seek antitrust probe of OPEC and oil companies

UPDATE 2-US House lawmakers seek antitrust probe of OPEC and oil companies Adds comment from Exxon paragraph 7 By Timothy Gardner WASHINGTON, June 4 (Reuters) - A group of Democratic U.S. House lawmakers asked the Justice Department on Tuesday to probe allegations of antitrust behavior among U.S. oil producers and OPEC and said the two largest U.S oil companies have been conspiring to keep fuel prices high.
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Reuters - 3 months ago

Exxon’s Darren Woods gets a Biden-era dividend

RPT-BREAKINGVIEWS-Exxon’s Darren Woods gets a Biden-era dividend The author is a Reuters Breakingviews columnist. The opinions expressed are her own. By Lauren Silva Laughlin NEW YORK, May 30 (Reuters Breakingviews) - Darren Woods has had a surprisingly good four years. On Wednesday, Exxon Mobil’s XOM.N chief executive scored a victory at the oil driller’s annual meeting, and clinched re-election.
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