Oil and gas companies are swimming in so much cash that they’re cutting back on borrowing at a faster pace
The oil and gas industry has experienced a number of booms and busts over the past few decades, but for now, it appears to be flush with cash.
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Entries by Breakthrough Investment Group
US oil is stealing market share from OPEC+
US oil is now encroaching on the key markets of the OPEC+ group, which has been restricting supply in an effort to boost oil prices.
US oil and gas companies profits skyrocket as the US becomes the energy supplier of choice
Despite the Biden administration’s ambitious climate goals, the oil & gas industry in the US has seen unprecedented growth and profitability.
Booming shale production lifts Exxon, Chevron forecasts as oil and gas earning season kicks off
Exxon Mobil Corp. and Chevron Corp. surpassed earnings forecasts. Exxon rose as much as 1.6% in New York and Chevron climbed 2.8%.
How a spree of oil and gas mergers are setting the stage for 2024
Exxon, Chevron and Oxy led the way in a blockbuster year for Texas oil mergers amid a consolidation wave that is projected to continue.
Texas regulators unveil new oil, gas, utility infrastructure map to assist during extreme weather
The Texas Electricity Supply Chain Map now includes more information that will assist state emergency officials during disasters.
Oil’s rising price poised to boost energy sector
Crude oil prices surged over the summer as OPEC curtailed production, followed by the outbreak in early October of the Israel-Hamas war
The Permian oil boom isn’t over just yet
Occidental’s president and CEO, Vicki Hollub, asserts that the Permian still has significant oil to develop, disputing concerns about falling well productivity.
Report: Texas oil and natural gas industry breaks decades-old production records
Year-to-date through July 2023, TX accounts for 43.3% of all oil production and 27.4% of all natural gas marketed production in the country.
Why OPEC+ will do whatever it can to send oil prices higher
The US and its core allies see rising oil and gas prices as serious economic and political threats to them.
