Saudi Arabia is waging a price war, and two major US Shale Oil giants have announced cuts in capital expenditures. Has the production of Shale Oil in the USA reached its peak?
The major USA shale oil companies Diamondback Energy and Coterra Energy have both stated that they will reduce their capital budgets for 2025 and decrease the number of drilling rigs. Diamondback Energy CEO Travis Stice warned: "Due to the reduction in drilling rigs, the USA onshore oil production is likely to have peaked and will begin to decline this quarter."
Microsoft, Berkshire Hathaway, Apple, Netflix, Palantir, Skechers: Biggest Movers
Oil Prices Slide Over US$2 As OPEC+ Accelerates Output Hikes
ConocoPhillips Stock Slips 4.2%, Underperforms Competitors
OPEC Just Created The Income Trade Of The Decade
ConocoPhillips (COP) Stock Falls on OPEC+ Supply Hike, Lower Oil Prices
Update: WTI Oil Trading at Four-Year Low as OPEC+ Looks to Discipline Members With Another Hike in Supply
Where Trump Is Likely Getting His $1.98 Gas Price Figure
Shares of Energy Stocks Are Trading Lower Amid a Drop in the Price of Oil. Oil Fell on Reports Suggesting OPEC+ Agreed to Production Increases in June.
Express News | Shares of Energy Stocks Are Trading Lower Amid a Drop in the Price of Oil. Oil Fell on Reports Suggesting OPEC+ Agreed to Production Increases in June
Why Frontline Stock Popped, but Exxon and ConocoPhillips Dropped
Oil Prices Fall After OPEC+ Agrees to Increase Production in June for Second Straight Month
Oil Prices Sink as OPEC+ Hikes Output, U.S. Stock Futures Drop Ahead of Fed Meeting
Weekly Earnings Scorecard: 4 Out of 6 Energy Stocks Post Earnings Wins
Earnings Week Ahead: AMD, PLTR, F, DIS, SHOP, DKNG, AMC, LCID, GOLD, RIVN, and More
About 78% of the Names That Reported Earnings This Week Delivered EPS Wins: Earnings Scorecard
Shell is studying the feasibility of acquiring BP PLC while its competitors' stock prices are plummeting.
According to sources, Shell is working with advisors to assess the possibility of acquiring BP PLC, but the company is waiting for a further drop in stock prices and oil prices before deciding whether to make a bid. Sources indicate that, in recent weeks, the oil giant has been discussing the feasibility and benefits of acquiring BP PLC in more depth with the advisors, and the final decision is likely to depend on whether BP PLC's stock prices continue to decline. Due to its transformation plan failing to win investor favor, coupled with the plummet in oil prices, BP PLC's stock price has dropped nearly one-third in the past 12 months. Some insiders mentioned that
Earnings Preview: COP to Report Financial Results Pre-market on May 08
SA Asks: Which U.S. Energy Stocks, ETFs Are Most Attractive Right Now?
New ConocoPhillips Deal Marks Rising Phoenix Capital's Continued Push Into Texas' Midland Basin