Author: Chris Mathews

In line with forecasts by several other oil field service and equipment providers in Houston, NOV’s outlook for North American activity in 2023 is less bullish than its outlooks for offshore and international.

LyondellBasell expects petrochemical market challenges to persist during the first half of this year.

Oil and gas companies tapped the Permian Basin in a big way in 2022.

ConocoPhillips also returned $15 billion to shareholders in 2022 and plans to return another $11 billion this year.

Looking ahead, Enterprise Products has over $3 billion in assets under construction that are slated to enter operations this year.

In the fourth quarter specifically, Phillips 66 brought in profit of $1.88 billion, the energy company reported Jan. 31.

Exxon’s 2022 results benefitted from favorable market conditions, including higher demand and lower inventories.

The firm aims to support upstream companies with loans to refinance debt, pursue acquisitions and expand development.

Exxon plans to reach a final investment decision on the hydrogen project by next year.

Chevron also boosted its dividend over 6% and authorized a new $75 billion share buyback program that will take effect at the start of Q2. The new buyback program drew condemnation from the White House, which has called on oil and gas companies to use …