Articles filed under Earnings

Having achieved record quarterly production of natural gas and oil in the Permian Basin during the second quarter, Chevron Corp. is keeping its foot on the accelerator into next year, according to CEO Mike Wirth.

Denver-based Ovintiv Inc., whose portfolio extends from Western Canada to the Permian Basin, is boosting its natural gas and oil production guidance to the end of the year after all four operating areas outperformed during the second quarter.

While advancing projects to sustain exploration and production companies vying for the coming boom in the LNG export market, DT Midstream Inc. (DTM) executives said the firm also would focus on supporting power demand from industrial users to underpin the natural gas market.

ConocoPhillips said Thursday that it would earmark more spending this year to cover rising costs across its U.S. onshore portfolio, more partner-operated activity and higher expenses in Alaska as it advances the Willow oil project there.

Shell plc, the world’s No. 1 LNG trader, extended its prowess during the second quarter by making some big deals to secure more natural gas as demand continues to increase.

Comstock Resources Inc., one of the most prolific natural gas producers in the Haynesville Shale, has dropped rigs, cut completion crews and suspended the quarterly dividend to wait out more favorable commodity prices.

As Permian Basin natural gas volumes continue to exceed expectations and drive record activity, Enterprise Products Partners LP has sanctioned a natural gas liquids (NGL) expansion to meet customers’ growing appetite for export capacity, executives said Tuesday.

Chesapeake Energy Corp. signaled Tuesday that it would continue to curb natural gas output until prices improve under a plan that was announced earlier this year.

With a plethora of global natural gas and oil opportunities from which to pick and choose, BP plc wants to build volumes, but the priority still continues to be value, CEO Murray Auchincloss said Tuesday.

Calgary’s Whitecap Resources Inc. saw natural gas production jump from Western Canada’s Montney and Duvernay shale formations as well as from conventional assets in Alberta and Saskatchewan in the second quarter.