With their fully integrated models, ExxonMobil (XOM) and Chevron (CVX) are the ones that are best in adapting their business to the prevailing scenario.
The coronavirus pandemic has indelibly impacted the global energy sector. Although the demand for oil has noticeably dropped and prices have plunged, the pace of shift to renewable energy from fossil fuel...
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, BP, Equinor and Royal Dutch Shell
U.S. government data revealing the first decline in domestic crude supplies in 16 weeks.
We have analyzed three major integrated companies - ExxonMobil (XOM), Chevron (CVX) and BP plc (BP) - to get a view on dividend cut.
The Zacks Analyst Blog Highlights: ExxonMobil, Chevron, Royal Dutch Shell, Equinor and ConocoPhillips
ExxonMobil (XOM) and Chevron (CVX) said that they would keep paying shareholders a quarterly dividend but Royal Dutch Shell (RDS.A) had to slash payout to weather the oil market crash.
Contributions from Permian and Guyana oil resources aid ExxonMobil's (XOM) Q1 earnings.
Forced by the historic oil crash and the coronavirus-induced demand destruction, Shell (RDS.A) trimmed its payout for the first time since World War II.
The coronavirus pandemic is one of the biggest and unprecedented seismic shifts in the global economy that we've ever seen in modern history, and it's just getting started. Mentioned in today's commentary...
ExxonMobil (XOM) pares 2020 capital spending budget by 30%, while Equinor (EQNR) announced an oil discovery in the U.S. Gulf of Mexico.
Equinor's (EQNR) Hywind Tampen wind farm project incorporates 11 floating offshore turbines, which are set to generate a total of 88 megawatts of electricity.
Equinor (EQNR) encounters around 60 meters of net oil pay, which provides early indications of the productive reservoir in the U.S. Gulf of Mexico.
Management at Petrobras (PBR) projects 2020 production to be 200,000 barrels lower per day.
Driven by the ongoing trough in oil prices, Chevron (CVX), Equinor (EQNR) and Eni (E) made announcements on spending cuts.
Equinor's (EQNR) cheaper production value of less than $2 per barrel plus the breakeven price below $20 for full-field development of Johan Sverdrup makes it resilient against oil price volatility.
As the world fights a pandemic, top energy companies will have to reassess their payout strategies, either by slowing down share buybacks or reintroducing non-cash dividends.
Apart from its cost-saving efforts, Equinor (EQNR) pushes back its $5-billion four-year share repurchase plan at the outset of this week to tame the current oil price turbulence.
With a robust ramp-up in production expected to be 433,000 bpd in April, Equinor's (EQNR) phase-one output is cruising to a target of 440,000 bpd for the forthcoming summer.
Alongside environmental efforts, BP remains focused on increasing sustainable free cash flow and boosting shareholder returns in the long run.