IMO:CC - Q1 energy earnings review - what did we learn?

Ahead of Q1 results, investors focused on several key issues across the various energy sub-sectors. US E&P investors were focused on cost and activity guidance in the face of supply chain challenges and political pressure. Refining and integrated investors focused on demand outlooks and strategy pivots following Russia's invasion of Ukraine. Meanwhile, coal investor wanted to see companies capitalizing on improved seaborne markets, and a favorable contracting environment. In Canada, oil investors largely focused on the allocation of abundant cash flows.  From a macro perspective, weather, supply chain challenges and operational headwinds led to falling Q2 production guides. Most oil strategists are forecasting accelerating growth in 2022. Conoco (COP), Shell (SHEL), BP (BP), Chevron (CVX), Pioneer (PXD), Diamondback (FANG), Coterra (CTRA), SM (SM), and the Hess (HES) onshore business all guided Q2 production below Q1 levels. The updates came after the DOE flagged a ~450bkd reduction in US production from November through

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Q1 energy earnings review - what did we learn?