Halliburton, Schlumberger Brace for the Next Oil Slump
U.S. oilfield service majors had a good run after the pandemic lockdowns ended. Demand for oil rebounded strongly,…
Saudi oil giant Aramco announces first-quarter profits of $26Bn, down 4.6% from 2024
DUBAI, United Arab Emirates — Saudi Arabia’s state-owned oil giant Aramco posted first-quarter profits of $26 billion on…
Saudi oil giant Aramco posts 5% dip in first-quarter profit
Members of media chat before the start of a press conference by Aramco at the Plaza Conference Center…
Enbridge Keeps the Focus on NatGas Amid Market Uncertainty
Both the demand for natural gas—and increasing Permian Basin production— is a vindication for Enbridge’s strategy to expand…
Plains All American Adds Crude Midstream Assets in Midland Basin
Plains All American is holding fast in light of the ongoing chaos in energy markets, but company Chairman…
AMC Networks Loses Ground In Q1 As Advertising And Streaming Levels Slip
AMC Networks reported widespread declines in the first quarter, citing “continued revenue headwinds in our linear business” as…
Oxy’s Non-Oil, Gas Projects to Add $1B in Free Cash Flow
Occidental Petroleum expects to see about $1 billion in free cash flow improvement in 2026 through capital roll-off…
Enbridge Tops Q1 Profit Estimates on Record Mainline Crude Volumes
Canada’s pipeline giant Enbridge Inc. reported on Friday record quarterly earnings for the first quarter of the year…
Shop Pay Grows 57% as Shopify Says Wait and See on Tariffs
Highlights Shopify’s gross merchandise volume (GMV) saw strong double-digit growth overall, surging 22% to $74.8 billion. The company…
A ‘Unicorn:’ EOG Ropes Last Large Undeveloped Eagle Ford Oil Block
EOG Resources’ 30,000-net-acre Eagle Ford addition brings 120 new 3-mile-lateral locations to its position across the play’s oily…
Amid Shaky Oil Market, Chevron Cuts Buyback Plans
Chevron (CVX) executives cut their buyback budget for the next three months in response to an oil market…
Where Apple and Amazon are starting to feel the pinch
Apple CEO Tim Cook, center, watches during the inauguration ceremonies for President Donald Trump, right, and Vice President…