According to the Bloomberg article (May 4, 2026) and Diamondback’s Q1 2026 earnings release/letter to shareholders: The company is currently pumping >520,000 barrels per day of oil (3% above its original full-year 2026 guidance midpoint of ~505,000 bpd). It is raising full-year 2026 guidance to 520,000+ bpd oil and 972,000+ boe/d total (up from the […]
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Nissan has officially scrapped its ambitious plans to convert its massive Canton, Mississippi, assembly plant into an electric-vehicle (EV) manufacturing hub. Instead, the Japanese automaker is redirecting operations — and a $500 million investment originally earmarked for EVs — toward gas-powered and hybrid trucks and SUVs that American consumers actually want to buy. This isn’t […]
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ENB Pub Note: This article was run on the California Globe by Mike Ariza, and he was just on The Energy News Beat Podcast Last week. We highly recommend following him and the California Globe. “The oil industry makes up 8% of California’s GDP. Without that 8%, the other 92% would be impossible to achieve.” — USC Professor […]
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Caterpillar Inc. (NYSE: CAT) delivered a standout first-quarter 2026 performance, beating expectations and signaling strong momentum heading into the rest of the year. On April 30, 2026, the company reported sales and revenues of $17.4 billion, a robust 22% increase year-over-year from $14.2 billion in Q1 2025. Adjusted profit per share rose 30% to $5.54, […]
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GE Vernova, the turbine supplier for the nation’s first utility-scale offshore wind project, is pushing back hard against Vineyard Wind’s assertions that its departure would cause “irreparable harm.” In an emergency motion filed this week in Suffolk County Superior Court, GE Vernova argues that the recent activation of the project’s long-term power purchase agreements (PPAs) […]
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The AI boom is rewriting the rules of U.S. electricity demand, and the numbers don’t lie. BloombergNEF’s latest analysis, highlighted in a widely shared post by energy analyst David Blackmon (@EnergyAbsurdity), projects that data centers will drive massive incremental power needs through 2035. The stacked bar chart from BNEF is crystal clear: combined-cycle gas turbines […]
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ExxonMobil (NYSE: XOM) released its first-quarter 2026 financial results this morning, showcasing a company built for volatility. Despite significant one-time impacts from Middle East disruptions tied to the February 28 conflict, underlying performance remained robust, driven by higher commodity prices, record production in key assets, and disciplined execution. Financial Highlights GAAP earnings: $4.183 billion, or […]
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Chevron Corporation (NYSE: CVX) delivered a solid first-quarter performance, beating analyst expectations on adjusted earnings per share despite a year-over-year decline in reported profits, ongoing Middle East disruptions tied to the Iran conflict, and significant one-time timing effects from financial hedges. The results highlight the resilience of Chevron’s diversified portfolio, record U.S. production growth, and […]
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In a major win for North American energy infrastructure and U.S. energy security, President Donald Trump signed a presidential permit on April 30, 2026, authorizing the cross-border segment of the Bridger Pipeline Expansion project. This initiative effectively revives key elements of the canceled Keystone XL (KXL) pipeline, enabling the transport of Canadian crude oil into […]
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SPRING, Texas, April 28, 2026 (GLOBE NEWSWIRE) — Expand Energy Corporation (NASDAQ: EXE) (“Expand Energy” or the “Company”) today reported first quarter 2026 financial and operating results. Net cash provided by operating activities of $2,402 million, reflecting continued strong cash generation from operations Net income of $1,159 million, or $4.81 per fully diluted share; adjusted net income (1) of $923 million, or $3.83 per […]
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