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(Reuters) - Exxon Mobil (XOM.N), opens new tab on Friday posted a better-than-expected $36 billion profit for 2023, lifted by fuels trading and higher oil and gas production. Oil majors are expected to report 2023 profits down by about a third from record levels in 2022, as oil and gas prices retreated from the peaks that followed... Continue Reading →
(Reuters) - Chevron Corp (CVX.N), opens new tab on Friday beat analysts' earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges. Shares in the pre-trading market rose a fraction after the company beat analysts' consensus forecast by 24 cents with adjusted earnings of $3.45... Continue Reading →
(PN) 3R announced that it hired Itaú BBA as the company's financial advisor in evaluating the operation. The consultancy includes, together with internal teams and legal advisors, the evaluation of the strategy and schedule, and the analysis of the best corporate structure for implementing the potential transaction, if implemented. As a reminder, the merger proposal... Continue Reading →
(Reuters) Shell on Thursday reported a 2023 profit of $28 billion, a 30% drop from the previous year's record as energy prices and demand cooled, but still allowing the firm to increase its dividend by 4% and extend share repurchases. The British company's payouts to shareholders reached around $23 billion in 2023, over 10% of... Continue Reading →
Petróleo Brasileiro S.A. – Petrobras informs that it has received, in cash, an amount of R$ 1.819 billion, referring to the complement of the firm compensation (earnout) of the 2023, from the Sépia and Atapu blocks. The amount already includes the gross-up of the taxes levied on the 28%, 21% and 21% stakes held by TotalEnergies... Continue Reading →
(Reuters) - U.S. oil and gas firm Hess (HES.N), opens new tab beat Wall Street estimates for fourth-quarter profit on Wednesday, helped by higher production in its Bakken shale and Guyana operations. Hess has agreed to be acquired by Chevron (CVX.N), opens new tab for $53 billion in an all-stock deal that would give the No. 2 U.S. oil producer... Continue Reading →
(epbr) Petrobras plans to conquer 10% of the centralized wind and solar generation market in Brazil by 2028, according to a presentation made to investors in New York. The company's 2024-2028 strategic planning foresees having around 5 GW of photovoltaic and wind capacity in operation or construction. To achieve this, the state-owned company will invest... Continue Reading →
(Reuters) Mexico's heavily indebted state oil company Pemex will have about 200 billion pesos ($11.7 billion) this year to cover almost all of its regular debt payments, a senior finance official said on Tuesday. Deputy Finance Minister Gabriel Yorio told reporters that some 145 billion pesos were allocated from the federal budget, which was approved... Continue Reading →
The UK Government has awarded funding to a consortium led by Morek Engineeringto design a new class of low-carbon installation vessel for the floating offshore windmarket.The consortium has won the funding through the UK Government’s Clean MaritimeDemonstration Competition based on their proven track record in innovative vessel designand delivery of complex offshore operations. The consortium... Continue Reading →
(PN) Petrobras declared that it identified the presence of hydrocarbons in the Pitu Oeste exploratory well, in the Potiguar Basin on the Equatorial Margin. The results, however, are still inconclusive regarding the economic viability of the area. The discovery has already been notified to the National Petroleum Agency (ANP). The Pitu Oeste well is located... Continue Reading →
Brazil Energy Insight 