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Diamondback Energy (NASDAQ:FANG) released Q1 results after the close, beating earnings, generating strong free cash flow, announcing increased shareholder returns and sticking with the Company's previously announced capital and production plans: Earnings - Diamondback (FANG) reported $5.20 in...
This week's DOE inventory updated showed oil and oil product stocks largely unchanged week on week (USO). TSA checkpoint data pointed to falling passenger volumes, down ~2% week on week and ~10% below 2019 levels (JETS). Pandemic-related lockdowns in China extended beyond Shanghai, to include...
After weeks of attempting to calculate sanction and self-sanctioning impacts on Russian oil production, the market is finally getting a glimpse at official Russian oil production statistics. State News reported Friday that oil production for March was largely unchanged versus February le...
The Department of Energy released it's monthly oil production report Friday, highlighting lower US volumes in February. Weekly estimates of US production have shown flat volumes year-to-date; however, the much more reliable monthly figures have shown declining production for three months in a...
Chevron (NYSE:CVX) reported Q1 earnings ahead of the market open Friday, posting results broadly in-line with Street expectations. The pace of share repurchases will double in Q2, according to updated guidance, though production is expected to fall sequentially in the quarter. However, C...
SM Energy (NYSE:SM) reported Q1 results after the close Thursday, meeting earnings expectations, while redeeming the Company's 10% unsecured notes and hitting the high-end of production guidance. Though the company flagged lower Q2 production, annual targets remain unchanged: Earnings -...
Hess (NYSE:HES) placed its Honx Inc. subsidiary into Chapter 11 bankruptcy on Thursday to ring-fence legal claims brought by former employees at a U.S. Virgin Islands refinery that it no longer owns; Hess itself is not bankrupt. The claims are related to workers' alleged asbestos exposure at ...
Energy equities (XLE) rallied more than 1.0% Wednesday, despite sideways trading in oil (USO). Natural gas (NG1:COM) rallied ~5% into the close, lifting gas-levered equities, as tensions in Europe lifted international gas prices. However, coal names continued to rally, following strong e...
Hess Corporation (HES) Q1 2022 Results Conference Call April 27, 2022 10:00 AM ET Company Participants Jay Wilson - VP, IR John Hess - CEO Greg Hill - COO John Rielly - CFO Conference Call Participants Doug Leggate - Bank of America Paul Cheng - Scotiabank Arun Jayaram - JP Morgan Jeanine Wai...
The following slide deck was published by Hess Corporation in conjunction with their 2022 Q1 earnings call. For further details see: Hess Corporation 2022 Q1 - Results - Earnings Call Presentation
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Hess Corp (NYSE:HES) shares are moving after shareholders approved the proposed $53 billion merger with Chevron Corp (NYSE:CVX) on Tuesday. The Det...
Hess Corporation (NYSE: HES) today announced that it has received the necessary approval of its stockholders for closing the company’s merger with Chevron Corporation. At the special meeting of Hess stockholders held today, a majority of the outstanding shares of Hess common stock were vot...
2024-05-28 08:03:16 ET Hess Corporation (NYSE:HES) has been at the center of a significant corporate event since October 23, 2023, when Chevron Corporation (NYSE:CVX) announced its plans to acquire Hess for $53 billion, valuing the former at $171 per share. This all-stock transaction ai...