Financial News · Live Terminal

Page 8 of 32

Equities4d ago

Earnings Flash (MPC) Marathon Petroleum Posts Q1 Revenue $34.57B, vs. FactSet Est of $33.42B

$MPC

Equities4d ago

Earnings Flash (MPC) Marathon Petroleum Posts Q1 Adjusted EPS $1.65, vs. FactSet Est of $0.74

$MPC

Equities4d ago

Barclays Adjusts PT on Diamondback Energy to $225 From $190, Maintains Overweight Rating

Diamondback Energy (FANG) has an average rating of overweight and mean price target of $225.13, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$FANG

Equities4d ago

Capricorn Energy Settles $30 Million Junior Debt Facility

Capricorn Energy (CNE.L) said Tuesday that it repaid its entire $30 million junior debt facility two years ahead of the due date.The loan settlement follows the energy production company's receipt of $81 million in collections from state-owned oil company Egyptian General Petroleum Corp.

$CNE.L

Equities4d ago

Repsol Price Target Increases as Berenberg Ups Estimates on Strong Margins; Buy Rating Affirmed

Repsol's (REP.MC) consistently strong refining margins will likely boost distributions in 2026, Berenberg said as it raised its estimates and price target for the Spanish oil and gas giant."Repsol's flexible refining system has enabled it to increase production of key products and should ensure that it achieves above-consensus margins through 2026, in our view," analysts said Tuesday. "The Upstream business is on track to meet FY26 guidance and to benefit from the strong commodity price environment. We increase our 2026 [cash flow from operations] estimate by 15%, resulting in our 2026 buyback assumption increasing by EUR300m (43%). Our 2026 EPS estimates are increased by 12%."The price target edged up to 28 euros from 27 euros, with an affirmed buy rating.In the past two months, the company's total refining margin remained "relatively stable," averaging at $30 per barrel of oil in March and $27/bbl in April, analysts added.

$REP.MC

Equities4d ago

SES to Supply Medium-Earth Orbit Satellite Network to Brazil's Petrobras

Space services company SES (SESG.PA) said Tuesday that it will provide its medium-Earth orbit satellite network to Brazilian state-owned oil company Petrobras.Petrobras will connect the O3b mPOWER satellite network to its new floating production, storage, and offloading systems to process, collect, store, and transfer oil to shuttle tankers directly from subsea wells in deepwater fields.

$SESG.PA

Equities4d ago

DOF Group Wins Subsea Services Contract in Asia Pacific

DOF Group (DOFG.OL) secured a subsea commissioning support services contract in the Asia Pacific region, according to a Tuesday release.Under the deal, the Norwegian offshore and subsea services company will deploy its Skandi Inventor vessel for the offshore operations in the North Australian waters, with the project set to begin in the second quarter of 2027 and run for 120 days to 180 days.DOF estimates the contract value at between $25 million and $50 million.

$DOFG.OL

Equities4d ago

Neste Launches Tender Offer for Notes due 2028, 2029, 2030

Neste (NESTE.HE) launched a tender offer to repurchase up to 500 million euros of outstanding notes due in 2028, 2029, and 2030.The Finnish oil refiner's tender covers its 500 million-euro 0.75% green notes due March 25, 2028, 500 million-euro 3.875% green bonds due March 16, 2029, and 700 million-euro 3.75% green bonds due March 20, 2030, according to a Tuesday release.The tender will end on May 12, with pricing and final results expected on May 13 and settlement on May 18.The repurchases aim to help the company maintain a prudent and proactive approach towards its interest-bearing liabilities and liquidity base.

$NESTE.HE

Equities4d ago

SNB Capital Notes SIIG's "Exceptional" Q1 Financial Results

SNB Capital said Saudi Industrial Investment Group (SASE:2250), d/b/a SIIG, posted "exceptional" first-quarter earnings in a Sunday results analysis.The petrochemical industry-focused investor's net profit for the March quarter reached 252 million Saudi riyals, significantly higher than the research firm's estimate of 3.7 million riyals and the market consensus of 28.6 million riyals."We believe the higher-than-expected profits and growth are mainly due to higher profits from JVs driven by 1) higher selling prices particularly for the products shipped before the conflict (and realized the strong prices of March), 2) higher local sales (mainly for AHM) and 3) a decrease in depreciation costs due to an accounting reassessment," SNB Capital said in the note.The stock has a neutral rating and a price target of 14.5 riyals.

$SASE:2250

Equities4d ago

Update: Shell, INEOS Expand Upstream Collaboration With New Gulf Exploration Deal

(Updates to include information from the press release)Shell (SHEL) and INEOS Energy have agreed to jointly invest in oil and gas exploration and development opportunities in the Gulf of America, expanding their collaboration around existing infrastructure, INEOS Energy said on Tuesday.INEOS will acquire a 21% stake in the assets for an undisclosed amount, aligning with its Appomattox holdings, with an initial focus on Fort Sumter, the Sisco well, and another exploration well by 2030, it added.

$SHEL

Equities4d ago

Borr Drilling Files to Shift Listing to Euronext Oslo Børs

Borr Drilling (BORR.OL) submitted an application to transfer its listing to the Euronext Oslo Børs from Euronext Growth Oslo.The Oslo bourse confirmed the receipt of the drilling contractor's application on Tuesday, according to a same-day notice.

$BORR.OL

Equities4d ago

Market Chatter: Shell, Ineos to Collaborate on Oil, Gas Projects in Gulf of Mexico

Shell (SHEL.L, SHELL.AS) unit Shell Offshore and Ineos Energy will jointly explore oil and gas opportunities in areas located within tieback distance to the Appomattox platform in the Gulf of Mexico, Reuters reported Tuesday.According to an Ineos statement cited by the news agency, the partnership will initially focus on three targets, including the British oil and gas giant's Fort Sumter discovery, Sisco exploration well, and another exploration well to be drilled ⁠by the end of 2030, with Ineos acquiring a 21% working interest in the assets. Financial details were not disclosed.Shell and Ineos did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$SHEL.L$SHELL.AS

Equities4d ago

Raymond James Adjusts Price Target on Chevron to $230 From $225, Maintains Outperform Rating

Chevron (CVX) has an average rating of overweight and mean price target of $212.61, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$CVX

Equities4d ago

HSBC Adjusts Price Target on Chevron to $217 From $215, Maintains Buy Rating

$CVX

Equities4d ago

Market Chatter: Shell, INEOS Energy to Jointly Explore Gulf of Mexico Assets Near Appomattox

Shell (SHEL) and INEOS Energy will jointly invest in oil and gas exploration and development opportunities in the Gulf of Mexico, Reuters reported Tuesday.The partnership will target assets near the Appomattox platform, with INEOS taking a 21% stake and focusing on Fort Sumter, the Sisco well, and another well by 2030, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$SHEL

Equities4d ago

Equinor Starts Production at Eirin Gas Field in North Sea

Equinor (EQNR) said Tuesday the Eirin field has begun production, exporting gas to Europe via the Gina Krog platform and Sleipner A platform.The company said the subsea project, developed on a fast timeline, is expected to deliver about 27.6 million barrels of oil equivalent, mostly gas.The development cost about 4.5 billion Norwegian Krone ($485.7 million) and is expected to extend the life of the Gina Krog field to 2036, the company said.Equinor said the project uses existing infrastructure and electrification, resulting in relatively low emissions of around 3 kg of CO2 per barrel produced.

$EQNR

Equities4d ago

Equinor Initiates Production at Eirin Subsea Facility in North Sea

Equinor (EQNR.OL) commenced production at the Eirin subsea facility in the North Sea, with expected recoverable resources of 27.6 million barrels of oil equivalent, mainly gas.The 4.5 billion Norwegian-krone project also started exporting gas to Europe through the Gina Krog and Sleipner A platforms, and is projected to extend Gina Krog's economic life by seven years to 2036, the oil and gas company said Tuesday.Equinor operates the Eirin discovery, which was reassessed in 2023, with a 58.7% interest. Orlen's (PKN.WA) Orlen Upstream Norway owns the remaining 41.3% stake.

$EQNR.OL$PKN.WA

Equities4d ago

Kosmos Energy Q1 Adjusted Loss Narrows, Revenue Rises

Kosmos Energy (KOS) reported Q1 adjusted loss Tuesday of $0.07 per diluted share, narrowing from a loss of $0.22 a year earlier.Three analysts polled by FactSet expected adjusted earnings of $0.08.Total revenue and other income for the quarter ended March 31 was $370.9 million, up from $290.4 million a year earlier.Analysts surveyed by FactSet expected $407.9 million.Shares of the company were up 3.1% in premarket trade.

$KOS

Equities4d ago

Riyad Capital Keeps Sabic at Neutral After Q1 Results

Riyad Capital affirmed its investment case for Saudi Basic Industries (SASE:2010), d/b/a Sabic, after the petrochemicals manufacturer published its first-quarter results."SABIC reported net profit of SAR 0.01 bln, a strong reversal of losses both Y/Y and Q/Q, deviating from our more conservative estimate, mostly because we had accounted for residual fair value adjustments on the EP and ETP carve-outs, which had been flagged as incomplete at year-end 2025 but were ultimately not recognized in the quarter. Within the petrochemicals segment, however, subsidiary Kayan's separately-reported 1Q26 numbers show a -SAR 489 mln Y/Y finished-goods inventory build alongside flat gross margins (-19.1% vs -18.9%), suggesting March demand softened materially as the early-quarter butane tailwind faded, and tempering our conviction on the durability of the petrochemicals' recovery," the research firm said Monday, noting the group's performance offset its subsidiary's weakness.Meanwhile, Sabic's sales decreased 11% year over year to 26.15 billion Saudi riyals, against Riyad Capital's estimate of 24.30 billion riyals. On a quarterly basis, the company saw lower revenue in its petrochemicals and agrinutrients units, with the specialties segment recording nearly 1% growth.The stock is still rated at neutral, with a price target of 60 riyals.

$SASE:2010

Equities4d ago

Aker Solutions Bags FEED Contract for Equinor North Sea Project

Aker Solutions (AKSO.OL) secured a contract to provide front-end engineering and design, or FEED, services for oil and gas company Equinor's (EQNR.OL) Kvitebjørn platform in the North Sea, according to a Tuesday release.Under the deal, the energy-focused engineering group will prepare the topside facilities on the Kvitebjørn platform to support production from the nearby Atlantis field, using existing infrastructure. The contract includes an option for engineering, procurement, construction, installation, and commissioning assistance, or EPCIc.Aker Solutions said the FEED project will commence immediately, with the EPCIc option to be exercised at the start of 2027.

$AKSO.OL$EQNR.OL

Showing 141-160 of 637