Over the past decade the S&P 500 has seen a total return of 252.2% (12/31/09 through 12/17/19), which translates to a compound annual total return rate of 13.5%. Over that
With recovering energy landscape and improving financial picture of the companies, we can anticipate more energy players to focus on rewarding shareholders with compelling buyback programs.
Devon (DVN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Sooner Trend Anadarko basin Canadian and Kingfisher counties - where companies such as Marathon Oil and Devon Energy bought up acreage following the oil slump in 2014. Leading the pack is Oklahoma-based Devon Energy Corp, which expects its STACK production to reach 140,000 barrels of oil equivalent per day (boed) by the end of 2018, up from 107,000 boed a year ago.
Will rapidly rising oilfield service costs derail efforts by companies to maintain fiscal austerity while hitting their production targets? That question emerged as a major theme during fourth-quarter earnings calls, and analysts say the answer is an emphatic no. WTI oil prices that have risen from a 2015-2017 average of $48/b to roughly $60/b have […] The post Oil’s recovery quells concerns over rising costs appeared first on The Barrel Blog.
EPA has fought requests for Pruitt’s schedules, releasing them only when forced by lawsuits by environmental or government transparency organizations.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Hess, Devon Energy and Eni SpA
ExxonMobil (XOM) intends to more than double earnings and cash flow from operations by 2025, while Chevron (CVX) highlighted its commitment toward dividend growth as its top priority.
Devon Energy (DVN) continues to divest non-core assets to focus on high margin production regions and return more to its shareholders.
Oil major Royal Dutch Shell halted gasoline production at its Convent, Louisiana, refinery between Thursday and Friday, Reuters reported on Friday, citing sources familiar with the refinery’s operations. As of Friday morning, it was not immediately clear how long the gasoline producing unit with processing capacity of 92,000 bpd would remain offline, according to Reuters’ sources. The gasoline-producing unit of the 227,586-bpd Convent refinery was scheduled to undergo a major overhaul this summer, after Shell dropped its plans to decommission…
If Shell (RDS.A) succeeds to win the bid of $10 billion, it will be the largest takeover for the energy supermajor since the $50 billion BG Group buyout in 2016.
Venezuela’s state oil company has filed a lawsuit against a Miami-based company, alleging it provided insider information to a number of large trading companies that made billions of dollars by buying oil products at below market prices. The trader group is nothing if not impressive, including names such as Vitol, Trafigura, Glencore, Lukoil, and Colonial Oil. According to a lawyer for the Venezuelan company who spoke to Reuters, PDVSA is acting via an entity called PDBSA US Litigation Trust. The move is part of a wider crackdown on corruption…
The planning for a meeting between moguls in the oil and corn industries is in its preliminary stages, but President Donald Trump is not scheduled to attend the summit, which could define the future of the U.S. biofuels market. Sources told Reuters that though the President will not be in attendance like he was in previous renditions of this meeting, representatives from agency leaders would convey the executive branch’s positions. Other executives from the corn and oil industries will also attend. Trump will be travelling to California next…
Royal Dutch Shell and Blackstone Group will come together to bid on assets being offloaded by BHP Billiton, according to a new report by Reuters. The $10 billion bid would cover a portion of BHP’s U.S. shale operations. BHP, Shell, and Blackstone denied comment on the story. Private equity firms have begun investing in shale assets as the industry downturn reduces oil majors’ investment budgets. Devon Energy sold $553 million in shale gas assets in Texas to an unnamed equity firm this week. Shell and Anadarko Petroleum already own lands…
Devon Energy Corp., Oklahoma City, has agreed to sell the southern portion of its Barnett shale position for $553 million to an undisclosed buyer.