A powerful Tropical Cyclone Narelle has forced Chevron to shut down production at its Wheatstone LNG facility in Western Australia, adding fresh pressure to an already strained global liquefied natural gas (LNG) market. The outage, which began on March 26-27, 2026, stems from storm damage to the offshore platform and onshore processing plant near Onslow. […]
Continue ReadingBy Stuart Turley, Energy News Beat January 31, 2026 The latest Baker Hughes rig count report, released on January 30, 2026, shows a modest uptick in U.S. drilling activity with the total rig count climbing by 2 to 546. This marks a slight rebound from the previous week\’s 544 rigs. However, the figure remains significantly […]
Continue ReadingIn a resilient performance amid volatile energy markets, ExxonMobil (XOM) reported fourth-quarter 2025 earnings that surpassed Wall Street estimates, driven by unprecedented production levels that mitigated the impact of declining oil prices. The company\’s focus on high-margin assets in the Permian Basin and Guyana underscored its operational strength, even as broader industry headwinds persisted. This […]
Continue ReadingIn a year marked by fluctuating oil prices and geopolitical uncertainties, Chevron Corporation (NYSE: CVX) has delivered a strong finish to 2025, surpassing Wall Street\’s profit expectations for the fourth quarter. The energy giant\’s performance, bolstered by record production levels and strategic positioning in key markets like Venezuela, underscores its resilience amid industry challenges. As […]
Continue ReadingIn a dramatic turn of events on January 3, 2026, U.S. forces captured Venezuelan President Nicolás Maduro, sparking immediate reactions across global markets. President Donald Trump has vowed to involve American firms in reviving Venezuela\’s beleaguered oil industry, which holds the world\’s largest proven reserves but has seen production plummet from over 3 million barrels […]
Continue ReadingU.S. Drilling Programs Are Resilient, but It Depends on the Location November 6, 2025 Clark Savage In the ever-volatile world of energy markets, U.S. oil and gas producers are demonstrating remarkable staying power amid oil prices hovering around $60 per barrel—a level that’s uncomfortably close to breakeven for many operations. Yet, […] U.S. Natural Gas Futures Up […]
Continue ReadingIn the ever-volatile world of energy stocks, ConocoPhillips (NYSE: COP) has delivered a solid third-quarter 2025 earnings report that underscores its resilience amid fluctuating commodity prices. The company not only beat analyst expectations on adjusted earnings but also announced an 8% increase in its quarterly dividend and raised its full-year 2025 production guidance. This comes […]
Continue ReadingWeekly Daily Standup Top Stories Secretary Chris Wright has a plan for Rare Earth and Critical Minerals – What is the timeline? October 25, 2025 Clark Savage In an outstanding interview with Larry Kudlow on Fox Business, Secretary Chris Wright covers some key points on the upcoming China meetings with President Trump and President Xi. • […]
Continue ReadingExxonMobil Corporation (XOM) delivered a powerhouse performance in the third quarter of 2025, underscoring its operational prowess amid a challenging energy landscape. The company reported GAAP earnings of $7.5 billion, or $1.76 per share, marking an increase from $7.1 billion in the prior quarter. Excluding identified items, adjusted earnings reached $8.1 billion, or $1.88 per […]
Continue ReadingIn a resilient performance amid fluctuating oil prices, Chevron Corporation (NYSE: CVX) reported third-quarter 2025 earnings that surpassed Wall Street expectations, bolstered significantly by the recent integration of Hess Corporation\’s assets. The acquisition, completed in July 2025, has already begun paying dividends through enhanced production volumes, particularly from high-yield fields in Guyana. This marks a […]
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