XOP News and Press, SPDR S&P Oil & Gas Explor & Product From 08/03/22

It’s hard to believe that even after dramatically outperforming the broad stock market for almost two years now, energy stocks still trade at a massive discount. In that context, however, it’s not hard to understand why executives in the sector have been, and still remai...

Saudi Aramco has plans to almost double its fleet, which in the past 10 years has averaged 45 jackups, to 92 contracted jackups by the end of 2023. Between ADNOC Drilling and Advanced Energy Systems, they hold 70% of jackup purchases in 2022. Based on production targets and curren...

The largest production decreases came from the GOM, Texas and New Mexico. In the On-shore L48, May production increased by 95 kb/d to 9,542 kb/d. North Dakota’s May output rebounded from the April storm to 1,049 kb/d, an increase of 155 kb/d from April. The slowing of r...

The necessary balance between reliable light oil cash flow and more volatile heavy oil cash flow will change for Baytex Energy with the addition of the Clearwater play. The superior Clearwater profitability also affects investment performance throughout the industry cycle. The Cle...

Shallow reservoirs. Multilateral wells. Open-hole and unstimulated completion. Cold flow. All these make Clearwater the most economical among North American resource plays. It's still the early days in exploring and developing this heavy oil trend so investors should consider investin...

Oil market may be pricing in a recession. Demand is strong and supply is constrained. The oil bull market may resume soon. "Far more money has been lost by investors trying to anticipate corrections than has been lost in all the corrections combined” – Peter ...

Since the beginning of Russia’s planned Nord Stream 1 maintenance period (from July 11 to 22), European gas storage stock change has dropped below historical averages. Today, Europe is adding significantly less gas to its storage than it has at this time over the past five year...

There is a lot of market speculation about when the Fed is going to pivot and return to their dovish roots. In fact, the market is already pricing in a significant dovish pivot in the Fed Funds Futures market, with material interest rate cuts being priced in for 2023. We are not t...

A year back, we made a call on how AMZA and XOP would perform in different pricing environments. We examine what the pricing environment was and how the thesis played out. We update our thesis for the next 12 months. Capital in markets is limited. While investors may lik...

Energy ( NYSEARCA: XLE ) easily leads Monday's S&P sector standings, +3.1% as U.S. oil futures rise to start the week while remaining below $100/bbl, supported by a slightly weaker U.S. dollar and improving equity markets. September WTI crude ( CL1:COM ) ...