Big Oil Companies Archives - Page 9 of 37

Chevron CEO Sees More Pipelines Built to Bypass Strait of Hormuz – More unreported attacks in the Strait impact transits.

May 30, 2026 Clark Savage249

In a wide-ranging Bloomberg Surveillance interview aired today, Chevron Chairman and CEO Mike Wirth painted a sobering picture of ongoing disruptions in the Strait of Hormuz while signaling that the industry is accelerating plans for alternative infrastructure to reduce reliance on the critical chokepoint. Wirth confirmed that multiple vessels transiting the Strait of Hormuz have […]

Devon Energy Q1 Earnings and Permian Deal – What does this mean for Investors?

May 30, 2026May 30, 2026 Clark Savage241

Devon Energy (NYSE: DVN) delivered a solid operational performance in Q1 2026 while advancing a transformative strategic agenda. The company reported earnings on May 5, 2026, just ahead of the anticipated close of its all-stock merger with Coterra Energy (around May 7) and followed up with a major $2.6 billion Permian land grab on May […]

Oil from US Emergency Reserves Heads to California for the First Time, Kpler Says

May 28, 2026 Clark Savage210

In a notable development underscoring shifting global energy trade flows amid ongoing Middle East tensions, a cargo of crude oil drawn from the U.S. Strategic Petroleum Reserve (SPR) is heading to California for the first time ever, according to ship-tracking firm Kpler. The shipment involves approximately 460,000 barrels of Bayou Choctaw Sweet crude destined for […]

Alaska’s Oil and Gas Revival Picking Up Steam

May 27, 2026 Clark Savage245

Alaska is experiencing a genuine renaissance in its oil and gas sector. After decades of declining production that saw output fall from a peak of nearly 2 million barrels per day two decades ago to below 600,000 barrels per day in recent years, the state is poised for a significant rebound. Record-breaking lease sales, major […]

Europe’s Gas Crisis Just Repriced 8 Of My 12 Positions – The Merchant’s News

May 27, 2026May 27, 2026 Clark Savage172

Europe is staring down a structural gas deficit heading into the critical summer refill season. Storage levels sit near historic lows, Russian pipeline flows have all but vanished, and Middle East LNG supply disruptions (triggered by the ongoing Strait of Hormuz constraints since late February) have forced buyers to scramble for every available cargo—primarily from […]

Saudi Arabia Scores Billions in Added Oil Revenue Due to High Oil Prices and Long-Term Planning

May 25, 2026 Clark Savage238

In the shadow of the ongoing U.S.-Israeli conflict with Iran — marked by the near-closure of the Strait of Hormuz and the largest oil supply disruption in modern history — Saudi Arabia stands out as a clear winner. While many Gulf producers face sharp production cuts, export halts, and economic contractions, the Kingdom under Crown […]

There’s a Party Going on in the Permian Delaware – Reese Energy Consulting

May 22, 2026May 22, 2026 Clark Savage289

The Delaware Basin, the western half of the mighty Permian, is buzzing with deal-making energy. According to Reese Energy Consulting’s May 21, 2026, update, “Looks like the Delaware this week is host of Party Central in Perm Town for upstream M&A and a midstream FID.” With crude prices volatile and recently tipping toward $100 per […]

US Rig Count Jumps the Most in Four Years: Oil-Directed Drilling Leads Multi-Week Surge

May 22, 2026 Clark Savage175

U.S. energy drillers added rigs at the fastest pace in years this week, with Baker Hughes reporting a solid +7 increase in the active rotary rig count to 558 for the week ending May 22, 2026. This marks the largest weekly gain in recent memory and extends a four-week streak of increases—the first such sustained […]

Energy Stocks Are Misrepresented to Investors

May 20, 2026 Clark Savage201

Wall Street has a blind spot the size of a supertanker — and it’s called the energy sector. In a recent wide-ranging interview on Kitco News, veteran investor Ted Oakley, founder and managing partner of Oxbow Advisors, sat down with anchor Jeremy Szafron and delivered a blunt assessment: Wall Street is completely mispricing energy. Oakley […]

121 Empty Tankers Headed to the United States: America’s Energy Dominance on Full Display Amid Global Supply Shock

May 19, 2026 Clark Savage296

A viral post on X by Pascal Najadi (@JfkPascalNajadX) on May 19, 2026, has reignited discussion: “ MASSIVE DEVELOPMENT: At least 121 EMPTY OIL TANKERS are making their way to the United States of America right now. 68 of them can carry 2 MILLION BARRELS EACH. Holy smokes! We are the world’s gas station now! […]

Category: Big Oil Companies

Chevron CEO Sees More Pipelines Built to Bypass Strait of Hormuz – More unreported attacks in the Strait impact transits.

Devon Energy Q1 Earnings and Permian Deal – What does this mean for Investors?

Oil from US Emergency Reserves Heads to California for the First Time, Kpler Says

Alaska’s Oil and Gas Revival Picking Up Steam

Europe’s Gas Crisis Just Repriced 8 Of My 12 Positions – The Merchant’s News

Saudi Arabia Scores Billions in Added Oil Revenue Due to High Oil Prices and Long-Term Planning

There’s a Party Going on in the Permian Delaware – Reese Energy Consulting

US Rig Count Jumps the Most in Four Years: Oil-Directed Drilling Leads Multi-Week Surge

Energy Stocks Are Misrepresented to Investors

121 Empty Tankers Headed to the United States: America’s Energy Dominance on Full Display Amid Global Supply Shock

About Energy News Beat

Recent Post

New Jersey Moves to Block Trump’s Russian Diesel Imports

Democrats Now Run Congress. Here Is What That Means for Your Gas Pump and Power Bill

Quick Links