Category: Companies

Chevron earns €5.146 billion in Q1

The oil company Chevron announced a net profit of $5.501 billion (approximately €5.146 billion) in the first quarter of 2024, a 16% decrease compared to the same period the previous year

Repsol’s Q1 profit tumbles by a third but better than expected

Quarterly adjusted profit fell to 1.27 billion euros ($1.4 billion), ahead of a company-provided average forecast from analysts of 1.19 billion euros

US oil and gas M&A hits quarterly record after blockbuster 2023

U.S. oil and gas deals hit a record $51 billion in the first quarter, a continuation of last year’s fierce merger pace centered in the top U.S. shale field, data provider Enverus said

Petrobras discovers oil deposits in ultra-deep waters of Potiguar basin

This is the second well in Potiguar where the firm has found hydrocarbons. Both finds are still subject to further studies, Petrobras said

Moody’s: YPF will face ‘macroeconomic stress’ this year

YPF will face “macroeconomic stress” and regulatory framework changes this year, according to a report released by the credit rating agency Moody’s on Latin American state-owned enterprises

Argentina launches crucial tender for the YPF-Petronas LNG project

YPF has announced the launch of a key tender for the development of a multi-billion-dollar project in partnership with Malaysian company Petronas to produce and export liquefied natural gas (LNG)

Petrobras reports a 6% decline in the fourth quarter

For the entire year 2023, the company’s recurring net income of 136.0 billion reais exceeded analysts’ estimate of 125.0 billion reais surveyed by LSEG, but represented a 24.2% decline compared to the previous year

YPF’s investment to reach USD 5 billion in 2024

The oil company YPF announced that it will invest $5 billion this year, of which $3 billion will focus on the Vaca Muerta unconventional hydrocarbon formation

YPF approved optimization of its conventional fields portfolio

The board of directors of the oil company YPF approved a plan to optimize its portfolio of conventional fields, which will lead it to focus its investments on more profitable conventional and unconventional areas, the company said in a statement

ExxonMobil weighs offers for Argentina shale assets

U.S. energy giant ExxonMobil Corp, opens new tab is weighing offers for its oil and gas assets in Argentina’s Vaca Muerta shale region