Oil & Gas news

Bernstein cuts ConocoPhillips and Diamondback ratings as Iran de-escalation looms

Nigeria Hits OPEC Oil Production Quota for Sixth Straight Month

Nigeria’s crude oil output averaged 1.51 million barrels per day (bpd) in October as OPEC’s biggest African producer pumped to its quota for the sixth consecutive month, data from the Nigerian Upstream Petroleum Regulatory Commission…

Halliburton Expands Geothermal Footprint With Sage Geosystems Deal

HAL expands its geothermal footprint through Sage Geosystems' Project Vector, bringing its well construction and stimulation expertise to advanced energy.

Occidental Petroleum Q3 Earnings Beat Estimates on Strong Oil Prices

OXY's third-quarter 2026 earnings beat estimates on higher oil prices and strong midstream results, while robust cash flow fuel debt reduction.

Will Permian Gas Demand Unlock Stronger Long-Term Growth for EPD?

Enterprise Products is set to benefit from rising Permian gas output, with record processing volumes and a $6.3B project backlog supporting long-term growth.

Murphy Oil Draws Boycott Call Over Israeli Gas Licenses

Pro-Palestinian activists who pressured Eni and Dana Petroleum to quit an Israeli offshore gas venture are now going after Murphy Oil, the Houston-based company that replaced them on Monday. The Boycott, Divestment and Sanctions…

Saudi Crude Output Jumps 26% as Riyadh Reports Near Pre-War Production

Saudi Arabia told OPEC it raised crude production in October to 10.563 million barrels per day, back near pre-war levels and slightly above its OPEC quota of about 10.5 million bpd, Bloomberg columnist Javier Blas reported on Wednesday.…

A ‘Geologic Freak’ in Arkansas Is Big Oil’s New Lithium Bet

The world is electrifying at an unprecedented pace, and it’s only going to keep speeding up. COP 31, the latest iteration of the United Nations’ annual climate conference, kicked off today in Antalya, Türkiye, and achieving 35 percent…

Energy Transfer’s EPS Missed by 20%. Enbridge’s Profit Nearly Doubled. Here’s Why I’m Not Worried About Either Dividend Even Though Both Still Fell Short.

Energy Transfer missed estimates, and Enbridge’s profit nearly doubled, but neither headline tells you whether the dividend is safe. Here’s what the cash flow shows for each pipeline giant.

Buy, Sell, or Hold? Tuesday’s Top Upgrades and Downgrades: Cloudflare, Deckers Outdoors, DraftKings, MongoDB, Nike, Oneok, Philip Morris International, Riot Platforms, Wix.com, and More

A two-day rally built partly on short covering faces its first real test when October inflation data lands at 8:30 ET. Meanwhile, analysts flipped hard on Wix and DraftKings, while a surprise double upgrade lifted a bitcoin miner's target.

The Zacks Analyst Blog Highlights Nucor, UCB and Cheniere Energy

NUE, UCBJY and LNG headline fresh stock picks as investors weigh AI regulation, inflation risks, oil prices and global economic developments.

Former BP CEO Lord John Browne reflects on the crisis that ended his tenure

Former BP CEO Lord John Browne reflects on how his mother's experiences as a Holocaust survivor influenced his decision to conceal his sexuality, and how his fears persisted even as attitudes around him changed. He discusses his…

Iraq's Oil Sales to America Fall to Lowest Since the 2003 War

U.S. imports of Iraqi crude oil have slumped this year to a multi-decade low, EIA data show, as the Strait of Hormuz crisis has choked international shipments from OPEC’s second-largest oil producer. U.S. imports have markedly dipped…

Iraq’s 5 Million Bpd Oil Claim Complicates Its OPEC Quota Push

Iraq's campaign for a larger OPEC production allocation has taken a complicated turn after Oil Minister Basim Mohammed Khudair said the country is already producing more than 5 million barrels per day, more than half a million barrels…

Energy Transfer Just Raised Its Distribution for the 20th Straight Quarter. Here's How Much $10,000 Invested Pays Annually.

Don't let a past dividend cut scare you away from this 7%-yielding pipeline stock.

Top Funds Feast On Shell, Microsoft, Palantir And 24 More Stocks

The best mutual funds place massive bets on Microsoft, Palantir and Apple. But that's just the start. See the full list here.

Canadian Natural Resources Limited Achieves $13 billion Net Debt Target and Targets 100% Free Cash Flow Allocation to Share Repurchases

Canadian Natural Resources Limited announced its Q3/26 results, reporting that the company achieved its net debt target of $13 billion in Q3/26. Consequently, the company is now targeting to allocate 100% of free cash flow to…

Western Midstream Partners, LP Reports Third-Quarter 2026 Net Income of $324.8 million

Western Midstream Partners, LP announced its third-quarter 2026 financial results, reporting net income attributable to limited partners of $324.8 million, or $0.78 per common unit (diluted). The Partnership generated Adjusted EBITDA of…

A 'demand decade' ahead for energy? BP, Baker Hughes CEOs weigh the investment outlook

Rising energy demand offers investment opportunities, but geopolitical risks and oil price uncertainty cloud the outlook, executives and an analyst said.

BP to sell 5% stake in Norway’s Aker BP

This energy stock is forming a classic bullish cup-and-handle pattern

The daily chart of ConocoPhillips presents a fairly textbook bullish cup-and-handle formation.

Buy, Sell, or Hold? Wednesday’s Top Upgrades and Downgrades: Adobe, Apple, Duolingo, Exxon Mobil, Fiserv, Fortinet, Gartner, Lockheed Martin, Skyworks Solutions, Visa and More

Wall Street analysts shifted their stances on some of the market's most closely watched names Wednesday, with surprising cuts hitting stocks many investors still consider safe bets and fresh upgrades landing on names that have struggled…

Suncor Energy Inc. Reports Record Third Quarter 2026 Results and Agrees to Sell Non-Core Offshore Assets for $1.2 billion

Suncor Energy Inc. reported that its consolidated net earnings for the third quarter of 2026 were $3.814 billion, compared to $1.619 billion in the prior year quarter. Adjusted funds from operations increased to $6.705 billion ($5.75…

Suncor Energy Inc. Reports Third Quarter 2026 Results and Agrees to Divest Non-Core Offshore Assets for $1.2 billion

Suncor Energy Inc. reported its third quarter 2026 financial results, generating record quarterly adjusted funds from operations of $6.7 billion and free funds flow of $5.2 billion. Net earnings for the quarter rose to $3.814 billion,…

The Zacks Analyst Blog Highlights Phillips 66, Valero Energy and HF Sinclair

Phillips 66, Valero Energy and HF Sinclair posted strong third-quarter earnings, fueled by refining margins and favorable energy market conditions. Discover the factors supporting their November momentum and the strategies driving…

Equinor ASA: Share buy-back – fourth tranche for 2026

Equinor ASA has disclosed transactions under the fourth tranche of its 2026 share buy-back programme. From 29 October to 30 October 2026, the company purchased a total of 265,300 own shares at an average price of NOK 441.0372 per share.…

Buy, Sell, or Hold? Tuesday’s Top Upgrades and Downgrades: AON, Bloom Energy, Chevron, Cloudflare, Marvell Technologies, Lumentum Holdings, Merck & Co., Roku, X-Energy, and More

Tech stocks keep beating estimates and then selling off anyway, Apple just joined the club, and Wall Street analysts are busy reshuffling their ratings on everything from nuclear energy plays to insurance giants. Here is who got…

Shell Sells North West Shelf LNG Stake to Abu Dhabi's XRG for $1.45 Billion

Shell is selling its 16.67% non-operated interest in the North West Shelf LNG project in Australia to the United Arab Emirates’ XRG for US$1.45 billion as part of its strategy to disciplined capital allocation and portfolio choices.…

CVR Energy Nears $4 Billion Refinery Deal With Marathon

Marathon Petroleum is nearing a deal for the sale of several refineries to CVR Energy, with the sale expected to be worth $4 billion, the Wall Street Journal has reported, citing unnamed sources. The deal could be announced later today.…

Is There Any Reason To Invest In HF Sinclair Stock?

For questions about this article or underlying research, email help@trefis.com.

Better Dividend Stock for Retirees: UPS vs. Chevron

Key TakeawaysUPS yields 7. 1% against Chevron’s 3.

6 dividend stocks for investors who want to cut their exposure to the S&P 500

Novartis, Mitsubishi and Canadian Natural are examples of companies in developed markets outside the U.S. that pass screens for high dividend yields and low volatility for prices and earnings.

Top oil stocks: Chord Energy and Exxon Mobil compared

What Avantis U.S. Equity ETF (AVUS) Bought: Exxon Mobil Leads on Oct. 29

The fund bought $213.4 million more than it sold, with Exxon Mobil a new 1.36% position.

TotalEnergies to Acquire 30% Stake in Two Major Malaysian Gas Fields

TotalEnergies has signed agreements to buy 30% operated interests in two offshore gas fields in Malaysia to boost supply to the existing Malaysia LNG plant, the French supermajor said on Monday. Under the agreements signed with PETRONAS…

Iraq's Oil Exports via Turkey Surge to 500,000 Bpd

Iraq has boosted its crude oil exports via the Turkish Mediterranean port Ceyhan to 500,000 barrels per day (bpd), as OPEC’s second-largest producer has started trucking Basrah crude to the pipeline system to the north. Iraq has hiked…

OPEC+ keeps December oil output targets steady ahead of tougher call for 2027

While Gulf members have been boosting exports disrupted for months by the conflict, most are still pumping well below their targets.

Chevron Raises Exploration Spending By 50%

After years of focusing on growing exploration and production in the U.S. Gulf of Mexico and the Permian shale basin, U.S. oil and gas supermajor Chevron returns to high-impact frontier exploration as it seeks to renew its portfolio…

OPEC+ agrees in principle to keep oil output targets steady in December, sources say

Sunday's online meeting of seven core OPEC+ members comes as Gulf members have been boosting exports disrupted for months by the war with Iran.

Freedom Broker Upgrades Baker Hughes to Hold from Sell

Fintel reports that on October 30, 2026, Freedom Broker upgraded their outlook for Baker Hughes (NASDAQGS:BKR) (BMV:BKR) from Sell to Hold.Baker Hughes Company, based in the United States, operates primarily within the oilfield services…

Exxon, Chevron profits beat forecasts, refining margins surge during wars

Chevron Profits Nearly Triple to $9.9 Billion

Chevron's third-quarter profit nearly tripled to $9.9 billion, with its refineries doing much of the heavy lifting despite processing just 3% more crude than a year earlier. The company reported earnings of $5.06 per share Friday, up…

ExxonMobil Profits Double to $15.4 Billion

ExxonMobil reported $15.4 billion in third-quarter profit Friday, more than double its earnings a year earlier, with its Gulf Coast refineries running at full capacity and diesel prices doing the rest. The company earned $3.72 per…

U.S. Oil, Gas Drillers Still on Hold

The total number of active drilling rigs for oil and gas in the United States remained unchanged again this week, according to new data that Baker Hughes published on Friday, with the total rig count in the US staying at 603, up 57 from…

European Equities Mostly Lower in Friday Trading; BP CEO Denies Breakup Discussions

European stock markets closed mostly lower in Friday trading with the Stoxx 600 down 0.4%, Germany's

Dollar is Little Changed with Safe-Haven Support

The dollar index (DXY00 ) is little changed. The dollar is seeing safe-haven demand due to today’s stock market sell-off. However, the dollar is being undercut by today’s -1.4 bp decline in the 10-year T-note yield, which undercuts the…

Chevron and Exxon hit all-time highs as refining profits soar in reaction to Iran and Ukraine wars

Global diesel prices surged as Ukraine and Iran struck refineries in Russia and the Middle East.

Dollar is Undercut by Lower T-note Yields

The dollar index (DXY00 ) fell -0.16% on Thursday as the 10-year T-note yield fell -4 bp, undercutting US interest rate differentials. The 2-year T-note yield fell -5 bp on Thursday. The dollar found underlying support from a…

This one chart tells you everything you need to know about Exxon, Chevron and BP’s forecast-beating earnings

One slide in ExxonMobil’s investor presentation after its third-quarter earnings explains the financial situation for the integrated oil giants very neatly.

Chevron’s Profit Nearly Tripled From a Year Ago. Is CVX Stock a Buy After Its Blowout Earnings Report?

Chevron's surging stock price has it trading at a less attractive valuation these days.

Texas Pacific Land Set to Report Q3 Earnings: What's in Store?

Record royalty production and rising water disposal demand may boost TPL's Q3 results, but weaker water sales could offset some gains.

Stocks making the biggest moves premarket: Intel, Amazon, Reddit, Chevron & more

These are the stocks posting the largest moves premarket.

BP Quadruples Profit to Record as War Boosts Refining and Trading

BP easily beat analyst expectations of third-quarter earnings, posting its highest quarterly profit, which nearly quadrupled from a year earlier amid strong refining margins and oil and gas trading. BP’s underlying replacement cost…

Baker Hughes Wins Major Subsea Contract From Eni for Cronos Gas

BKR secures an E subsea contract for Cyprus' Cronos gas project, strengthening its deepwater backlog and revenue prospects.

1,000 Units of Enterprise Products Partners Pay $2,240 a Year. Here’s What the Latest Earnings Say About Whether That’s a Safe Passive Income Stream.

The pipeline giant’s third-quarter report shows how much cash stands behind the payout.

BP beats forecasts with record profit, targets early settling of Deepwater Horizon bill

ExxonMobil beats third-quarter profit estimates on refining boom

BP’s third-quarter profit nearly quadruples to $8.5 billion as refining margins surge

The oil major was the latest to smash profit expectations as global conflicts continue to drive energy market volatility.

Why is BP stock rallying today?

Dollar is Undercut by Lower T-note Yields

The dollar index (DXY00 ) fell -0.16% on Thursday as the 10-year T-note yield fell -4 bp, undercutting US interest rate differentials. The 2-year T-note yield fell -5 bp on Thursday. The dollar found underlying support from a…