Newsfeeds Archive - Spark Newswire

2 minute read

ConocoPhillips Squeeze: Trinidad Court Reportedly OKs $1.3B Claim Against Venezuela

May 31, 6:10 AM

ConocoPhillips has reportedly won the right to enforce a $1.33 billion claim against Venezuela for past expropriations. They are also involved in a court case to recover money owed for the expropriation of their assets.

3 minute read

OPEC+ Likely To Extend Production Cuts Amid Rising Summer Demand: Report

By Benzinga Neuro

May 31, 2:33 AM

The Organization of the Petroleum Exporting Countries and its allies, collectively known as OPEC+, are expected to extend their current production cuts this weekend, as per delegates and analysts.

IEO

2 minute read

ConocoPhillips Set For Growth With Marathon Oil Acquisition: Analysts Anticipate Accretive Financials And Enhanced Asset Base

By Lekha Gupta

May 30, 2:20 PM

Several analysts expressed their views on ConocoPhillips' deal to acquire Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion.

COP

1 minute read

ConocoPhillips’ Marathon Deal: Analyst Sees Short-Term Pain, Long-Term Gain

By Lekha Gupta

May 29, 2:54 PM

Analyst expects COP to have a negative reaction vs. its peers today. ConocoPhillips announced its plan for the acquisition of Marathon Oil. Can gain exposure through IEO and WEEI.

COP

2 minute read

ConocoPhillips Acquires Marathon Oil In All-Stock Deal at 14.7% Premium: Details

By Lekha Gupta

May 29, 8:09 AM

Marathon Oil shares up 7.45% and ConocoPhillips shares down 3.56% after deal announcement for ConocoPhillips to acquire Marathon Oil for $22.5 billion in all-stock transaction.

COP

2 minute read

Pipeline Power Play: Phillips 66 Makes $550M Gas Grab In The Permian Basin

By Lekha Gupta

May 21, 6:49 AM

Phillips 66 to acquire Pinnacle Midstream for $550 million, expanding natural gas footprint in Midland Basin. CEO aims for operational synergy.

CRAK

1 minute read

Marathon Petroleum Reorganizes Leadership: Elevates CFO To CEO

By Lekha Gupta

May 14, 8:25 AM

Marathon Petroleum announced management changes, with Maryann T. Mannen as new CEO effective Aug 1, 2024. Hennigan to be Executive Chairman.

FTXN

2 minute read

ConocoPhillips Falls Short: Q1 Revenue & Earnings Miss Estimates

By Lekha Gupta

May 2, 12:22 PM

ConocoPhillips reported lower Q1 FY24 results, missed revenue and EPS consensus, production increased, dividend declared, and positive outlook.

COP

2 minute read

April Showers On Wall Street: Miners, Utilities Emerge As Bright Spots In Gloomy Market

By Piero Cingari

April 30, 4:38 PM

Performance in April 2024: Utilities lead, real estate lags. S&P 500, Nasdaq 100, Dow Jones Industrial Average, small-cap and large-cap indices all decline.

AAUKF

2 minute read

What’s Going On With Marathon Petroleum Shares Today?

By Lekha Gupta

April 30, 11:59 AM

Marathon Petroleum shares down after reporting Q1 FY24 results. Revenue at $33.211B, adjusted EPS at $2.78, operating costs increase.

FTXN