ConocoPhillips' new CEO inherits $7 Billion cash flow pledge on Alaska oil project
Analysts and investors have said that Andy 'O'Brien, the long-time CEO of ConocoPhillips, will be succeeded by Ryan Lance in the next month. He will inherit an Alaskan oil project, which will need to be completed, and costs to control, as well as a share price, which has lagged behind peers. ConocoPhillips, the 'largest independent U.S. oil exploration and production firm' announced its succession plan Thursday along with the company’s highest quarterly net income in 2022.
Glencore's Australia listed taps mining friendly capital for copper and M&A goals
Glencore's plan to list on the secondary market in Australia is a move to tap into one of the fastest-growing pools institutional capital around the world to finance its copper growth ambitions, and possibly pave the road for transformational M&A. Australian pension funds are well-capitalized and have a high appetite for resource stocks. According to a Deloitte Report dated 'June, the 'country's pension assets are worth A$4.4 trillion (about $3 trillion)…
Bloom Energy and Brookfield extend AI infrastructure power partnership by $25 billion
Bloom Energy and Brookfield announced on Tuesday that they had expanded their partnership to finance power projects for AI infrastructure. Their funding framework was increased five-fold to $25 billion in order to accelerate the deployment of Bloom Fuel Cells around the world. Bloom Energy shares surged by 12% during extended trading. Data center operators are turning to nuclear, renewables, and fuel cells in order to meet the soaring energy needs of AI and cloud computing.
McGeever: Oil slide reduces dollar's inflationary bite
The rest of the world waits with bated breath for the inevitable bout of inflation imported from the United States. However, the sound you are hearing now may be a collective relief. The dollar is at its strongest in more than a year against major rivals such as the euro and the yen, thanks to rising U.S. interest rate expectations. It's also at multiple-year highs against many emerging-market currencies: South Korea’s won?hit?a 17-year-low earlier this month.
McGeever: Oil slide reduces dollar's inflationary bite
The rest of the globe holds its breath when the U.S. Dollar jumps. They are waiting for the inevitable import inflation that follows. It's possible that the sound you hear is a collective sigh. The?dollar is at its strongest in a long time against major rivals such as the euro and yen, thanks to rising U.S. interest rate expectations. The?dollar is also at multi-year highs against many emerging'market currencies, including the euro?and yen. South Korea's won fell to a 17-year-low earlier this month.
Fervo Energy raises US $1.89 billion through its IPO
Fervo Energy, a developer of geothermal energy, announced on Tuesday that it raised $1.89billion in its enlarged U.S. IPO. This shows the strong investor interest for this listing. Houston-based company sold 70 million shares at $27 each, securing an estimated valuation of $7.66 billion. Price range increased earlier this week from $21-$24 to $25-$26 per share. The soaring demand for data centers to support artificial intelligence tasks is tightening the U.S. electricity supply.
Fervo Energy to raise US IPO valuation from $7.4 billion to $7.4 billion
The geothermal power developer,?Fervo Energy, said that it is targeting an initial public offering (IPO) in the U.S. of up to $7.37 billion dollars. This indicates a strong interest from investors for this listing. The 'Houston, Texas' based geothermal firm is now looking to raise up to $1.82 Billion in its IPO. 70 million shares are being offered at prices between $25 and 26 cents each. It had earlier sought a valuation between $6.5 billion and $55.6 million shares, priced at $21 to $24 each.
Earnings of CF and Nutrien will be boosted by the Nitrogen Surge; Mosaic is facing headwinds
The nitrogen-based fertilizer industry is expected to report higher quarterly earnings due to the surge in prices caused by Middle East gas disruptions. However, this benefit may not be fully apparent until future quarters. Analysts expect nitrogen producers, such as CF Industries, Nutrien and Mosaic, who make fertilizers derived 'from natural gas, such as urea, urea ammonium nitrate and urea, to perform better than fertilizer peers 'with a greater exposure to phosphate and potash.
McGeever: Wall Street's "escapism" is irrational but logical.
It has never been more apparent that the Teflon-coated markets are not in sync with the growing catalog of geopolitical risks and economic uncertainties. Investors and policymakers seem to live in "two parallel worlds" and there are no signs of convergence anytime soon. Investors barely blink as world policymakers gather in Washington, DC for the International Monetary Fund & World Bank Spring Meetings to fret about global imbalances and energy security.
McGeever: Wall Street's "escapism" is irrational but logical.
It has never been more 'wider' or 'puzzling. Investors and policymakers seem to live in parallel universes. There is no sign that they will ever converge. Investors barely blink as world policymakers gather in Washington, DC for the International Monetary Fund's and World Bank's Spring Meetings. They fret about global imbalances and energy security, war, and the collapse of the international order. The Iran conflict will likely cause growth to be lower than expected this year.
First Solar shares fall after poor sales forecast amid policy uncertainties
On Wednesday, shares of First 'Solar' fell 12.8% and reached their lowest level since September last year. The company had forecast sales that were below Wall Street estimates due to uncertainty in the U.S. political environment as well as delays with permits under the Trump administration. According to data compiled and analyzed by LSEG, the solar panel manufacturer said on Tuesday that it expects its 2026 net sales will be between $4.9 billion and $5.2 billion.
First Solar shares fall after weak sales forecast amid policy uncertainties
First Solar shares fell 16.7% on Wednesday in premarket trade after the company predicted annual sales below Wall Street expectations due to uncertainty and delays caused by the Trump administration's U.S. policies. According to LSEG data, the'solar 'panel manufacturer expects its net sales in 2026 to range between $4.9 and $5.2 billion. This compares to an average analyst estimate of $6 billion. Solar industry…
As Pipeline Projects Grow, Williams Predicts Higher 2026 Profit
U.S. pipeline operator Williams Companies on Tuesday forecast 2026 profit above analysts' expectations as new pipeline and offshore projects drive growth and natural gas demand continues to rise.Williams, which also increased its annual dividend by 5% to $2.10 per share for 2026, saw its shares rise 2.8% in morning trade.Rising electricity use from crypto-mining, households, businesses and an AI-driven boom in data centers is set to boost natural gas demand this year…
ConocoPhillips aims to cut costs by $1 billion in 2026. Profits miss on lower oil prices
ConocoPhillips announced on Thursday that it plans to reduce capital and operating costs by $1 billion by 2026. This comes after the U.S. energy producer missed Wall Street's?estimates? for its fourth-quarter profits due to lower crude prices. Falling oil prices have put pressure on the industry to reduce spending, drill less and cut staff. ConocoPhillips' average price was $42.46 for a barrel of oil-equivalent (boe)…
Chevron beats Q4 profit estimate, eyes Venezuela investment opportunities
Chevron's profits for the fourth quarter fell, but were still higher than expected. The company focused on cutting costs to make its operations more efficient in order to compete with lower crude oil prices through 2025. Chevron is the only U.S. oil producer currently operating in Venezuela. Now in the spotlight due to the U.S.'s capture and removal of Nicolas Maduro, the former Venezuelan president this month, Chevron said that it would be evaluating other opportunities in Venezuela.
Australia's APA joins Queensland in building Brigalow Power Station
The APA Group, an Australian company, announced on Monday that it had agreed to build the 400-megawatt Brigalow Peaking Power Station in Queensland proposed by CS Energy. According to a research note by RBC Capital Markets, this is the first major GPG investment made by APA in a long time. The plant is expected to begin operations in 2028, next to CS Energy’s Kogan Creek facility. It was designed to stabilize supply during times of high demand or intermittent renewable output.
Analysts are looking at 2026 as a timeframe for predicting the growth of oil earnings.
Big Oil's third-quarter results may be boosted by marginally higher oil and refining prices, as well as stronger results in the refinery sector. However, some analysts are more concerned with how the global oil majors will set the stage for the year 2026 when they report their results next week. According to LSEG's analyst estimates, Shell, the British oil giant, and TotalEnergies, the French major, will begin their earnings season on Friday.
Analysts are looking at 2026 as a timeframe for a rise in Big Oil earnings
Big Oil's third-quarter results may be boosted by marginally higher oil and refining prices, as well as stronger results in the refinery sector. However, some analysts are more concerned with how the global oil majors will set the stage for the year 2026 when they report their results next week. According to LSEG's analyst estimates, Shell, the British oil giant, and TotalEnergies, the French major, will begin earnings season on a Thursday.
Technip Energys purchases Ecovyst’s Advanced Materials & Catalysts for $556 Million
Technip Energies, a French energy infrastructure firm, announced on Thursday that it had reached an agreement to purchase the Advanced Materials & Catalysts division of U.S. chemicals group Ecovyst for $556m. The shares rose over 4% at first trading. The agreement will see the company, which specializes in technology for energy, acquire two entities, Advanced Silicas and Zeolyst International, as part of its complementary segment, Technology, Products and Services.
Copper miner Teck delays major project approvals during operations review
Teck Resources, a Canadian mining company, announced on Wednesday it had undertaken an operations review of the entire company and would delay approval of major growth projects until its Quebrada blanca (QB), copper mine in Chile reaches steady operation and targets output. In a separate statement, the company said that Daniel Malchuk was appointed as a special adviser to Jonathan Price. He will assist QB in managing its tailings and driving operational performance.