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Yellowtail is now sanctioned. There will be a one-year gap before FPSOs arrive annually. Production and cash flow will soar over the next five years. Corporate breakeven will drop "like a brick". Hess will become that rare long-term growth stock in a very cyclical industry...
Hess Midstream repurchased at least 10 million units at the current unit price. The cash needs of Hess have been met in a way that benefits the Midstream subsidiary shareholders. HESM is guiding to another year of EBITDA growth. Management should easily meet their target of in...
Hess Corporation (NYSE: HES) has once again been named to the 100 Best Corporate Citizens list, ranking No. 38 on the 2022 list for outstanding environmental, social and governance (ESG) transparency and performance. The annual list ranks the Russell 1000 Index of publicly held U.S. com...
Over the past month, energy commodity prices built on year-to-date gains. However, not all energy equities participated, and the laggards could surprise market observers. Brent oil (CO1:COM) rose 2% over the past month and is up ~46% ytd. US natural gas (NG1:COM) prices rose 9% over the past ...
Energy (NYSEARCA:XLE) is easily the leading S&P industry sector in Monday's trading, +3.6% as it enjoys support from rising WTI crude oil prices to a fresh high for the month and U.S. gasoline futures topped $4/gallon for the first time ever. "The stronger [oil] products get, the more opt...
Oil and gas are at the forefront of rising prices. YTD, the Energy Sector (XLE) is +40%, and high-yielding stocks may offset some of the pain at the pump. As a percentage of the S&P 500 market capitalization, energy is 60% lower in 2022, than it was in 2000. The entire sector migh...
This week's DOE inventory updated showed a surprise build in oil and oil product inventories (USO). TSA checkpoint data pointed to rising passenger volumes, up 3% week on week but down ~11% from 2019 levels (JETS). Gasoline and diesel prices hit all time highs nationwide in the US this week. ...
Exxon's management talks of increasing the cash balance. Management is satisfied with the debt balance level. Management wants the flexibility to meet another commercial paper market meltdown if it happens in the future. Demand is expected to maintain a tight market for a whil...
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 ...
Crude oil (CL1:COM) fell below $100 per barrel Tuesday, down ~3% on the day, and back to levels last seen in April. Since oil (NYSEARCA:USO) last traded below $100, a series of producers flagged sequentially falling Q2 production, including Conoco (COP), Chevron (CVX), BP (BP), Shell (SH...
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Exxon Mobil Corporation (NYSE:XOM) reportedly plans to shut down two offshore oil production projects in Guyana for two weeks each, between Ju...
2024-05-01 04:27:00 ET Chevron 's (NYSE: CVX) share price has underperformed oil prices and other energy stocks over the past few months. A big factor driving that relative underperformance is the uncertainty surrounding its massive acquisition of Hess (NYSE: HES...
Key Development: Sanctioned development of Whiptail, the sixth development on the Stabroek Block, offshore Guyana; expected to add gross production capacity of approximately 250,000 barrels of oil per day (bopd) by the end of 2027 First Quarter Financial and Operational Hi...