The West's energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.
in the first half of 2022 reached 14.6 million barrels of oil equivalent per day , some 10% below its pre-pandemic levels, according to Reuters calculations.
BP is increasing spending by $500 million this year, primarily to grow short-term production in the U.S. Hayensville onshore natural gas basin and the Gulf of Mexico, Looney told Reuters. Exxon expects its 2022 production to remain unchanged from a year earlier at 3.8 million boed, but plans to grow its output to 4.2 million boed by 2027, with most of the growth coming from U.S. shale and Guyana.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Banks Spend Big to Boost Credit-Card Sign-Ups, Defying Recession FearsInflation is at a four-decade high and a recession could be near, but credit-card issuers aren’t worried: They are aggressively courting new customers and trying to increase credit-card balances.
Weiterlesen »
The Kansas Abortion Vote Could Be a Big Pro-Choice VictoryAnti-abortion ballot measures like Kansas’s so-called “Value Them Both” amendment tend to pass, so its defeat would signal a huge post-Dobbs shift. ed_kilgore writes
Weiterlesen »
BP reports its earnings tripled from rising gas, oil pricesThe good news for BP shareholders was bad news for consumers as soaring energy prices contribute to the cost-of-living crisis in Britain and around the world.
Weiterlesen »
Oakland A’s trade Frankie Montas, Lou Trivino to Yankees, take another big step in rebuildMontas was considered one of the top starting pitchers available at this year’s trade deadline.
Weiterlesen »
Permian Basin oil and gas company Diamondback reports soaring Q2 profitsMidland-based Diamondback Energy reported a $1.4 billion profit during the three month...
Weiterlesen »