HeliRy Note: I have covered Imperial Petroleum Inc. (NASDAQ:IMPP, IMPPP) previously, so investors should view this as an update to my earlier articles on the company. Following several quarters of relentless dilution, Greece-based tanker and dry bulk vessel operator Imperial Petroleum reversed course last year and started to buy back common shares in the open…
bjdlzx Occidental Petroleum (NYSE:OXY) earnings elicited a big yawn from the market. Then again, many times, cost-cutting when commodity (and corresponding stock) prices are in the “yawn” range does not get a reaction from Mr. Market until they head back up again. For investors, doing your homework now on the long-term cost progress is likely…
PhotoTalk Thesis In my original coverage of Marathon Petroleum (NYSE:MPC), I highlighted the company’s diverse revenue streams, strong cash balances, and undervaluation given the sum of its individual parts. Following my original buy recommendation, the company is up over 100%. Now, after more than doubling in share price, the obvious reaction is to wonder if…
CreativeNature_nl The only oil name Berkshire seems to love I haven’t delved into oil and gas names seriously for quite some time. I had been tricked in the past investing at the top of the cycle when Warren Buffett and Bill Gates both were buying Exxon (XOM) hand over fist. Oil was supposed to be…
TomasSereda Marathon Petroleum Corp. (NYSE:MPC) may experience a relatively flat year as the new fiscal year commences. As oil prices are expected to be flat-to-down for CY24 and refined products attempting to make their climb, I anticipate much of the value derived from holding MPC shares will come from buybacks and dividends with some growth…
Brandon Bell Investment Thesis As we enter 2024, Occidental Petroleum Corporation (NYSE:OXY) finds itself at a critical juncture, particularly after its momentous recent decision to acquire CrownRock. This move, a strategic expansion in the Permian basin, significantly shifts OXY’s operational dynamics. In our previous analysis, we explored why it’s worth waiting for a better entry…
imaginima Introduction The Houston-based EOG Resources, Inc. (EOG) announced its third quarter results on November 2, 2023, while Occidental Petroleum Corporation (OXY) released their Q3 on November 7, 2023. Note: I am a long-term EOG and OXY shareholder and have followed EOG and OXY on Seeking Alpha since 2016. As someone who invests in oil,…
zorazhuang Marathon Petroleum (NYSE:MPC), holds the distinction of operating the largest refining system in the U.S., boasting an oil refining capacity of 2.9 million barrels per day (MMBbl/d). It stands out as a dominant wholesaler of gasoline and distillates. The company’s operations encompass an integrated midstream business, facilitating the transportation, distribution, and marketing of oil…
Brandon Bell/Getty Images News December 11 ended up being a very interesting day for shareholders of energy giant Occidental Petroleum (NYSE:OXY). Shares of the company closed up about 1% after news broke that the company entered into an agreement to acquire privately owned CrownRock in a deal valued at $12 billion. According to management, this…
MichaelRLopez/iStock Editorial via Getty Images Shares of Marathon Petroleum (NYSE:MPC) have been a strong performer over the past year, rising by about 23% as the company has been aggressively reducing its share count with its excess cash on hand and strong free cash flow. Several year ago, I argued MPC was a strong buy due…
grandriver The pricing environment for energy producers like Occidental Petroleum (NYSE:OXY) has strengthened in recent months, in part because OPEC+ member countries like Saudi Arabia and Russia have extended significant oil production cuts until the end of the year. Higher petroleum prices are obviously a favorable development that is set to benefit Occidental Petroleum as…
Isaac Lee/iStock Editorial via Getty Images Introduction The energy industry consists of three major segments. Upstream – companies that produce oil and gas. Downstream – companies that turn oil and gas into value-added products like gasoline and diesel. Midstream – companies that connect upstream to downstream and any buyer to a seller. In other words,…
Callon Petroleum Company (NYSE:CPE) Q3 2023 Results Conference Call November 2, 2023 10:00 AM ET Company Participants Kevin Haggard – CFO Joe Gatto – CEO Russell Parker – COO Conference Call Participants Neal Dingmann – Truist Securities Zach Parham – JPMorgan Oliver Huang – TPH Derrick Whitfield – Stifel Scott Hanold – RBC Capital Markets…
Marathon Petroleum Corp. (NYSE:MPC) Q3 2023 Results Conference Call October 31, 2023 11:00 AM ET Company Participants Kristina Kazarian – VP, Finance and IR Mike Hennigan – CEO Maryann Mannen – CFO Rick Hessling – SVP, Global Feedstocks Brian Partee – SVP, Global Clean Products Dave Heppner – SVP, Strategy and Business Development Jim Wilkins…
HeliRy Note: I have covered Imperial Petroleum (NASDAQ:IMPP, NASDAQ:IMPPP) previously, so investors should view this as an update to my earlier articles on the company. Last week, Imperial Petroleum reported very weak third quarter results as fleet utilization suffered from an elevated number of dry-dockings as well as seasonally weaker demand. In addition, revenues and…
hapabapa/iStock Editorial via Getty Images It’s “pleasure at the pump” these days. The average retail price for a gallon of regular unleaded has fallen to near $3.50. Many states, away from the West Coast, are closer to the $3 mark. This is not the best news for refiners as the retail gas price slide comes…
bjdlzx Callon Petroleum (NYSE:CPE) has long been a market darling. But the management that got the company to market darling status has been long gone. The current management sold the Eagle Ford acreage while acquiring Permian acreage. But that trend is so established that the Permian acreage is often very expensive to purchase. In fact,…
imaginima Occidental Petroleum (NYSE:OXY) took full advantage of financial leverage through the acquisition of Anadarko. At first, this looked like an unmitigated disaster in fiscal year 2020 as oil prices went negative. Then it looked absolutely brilliant as oil prices careened past $100 a barrel. Now it is time to look at the long-term knowing…
bjdlzx International Petroleum (OTCPK:IPCFF) is a Lundin Group company that is headquartered in Canada. The company has operations in Canada (and it reports in United States dollars unless otherwise noted) but also in France and Malaysia. As such, this company is likely to become a worldwide operator as it grows. The Lundin Group of companies…
Dimitrios Kambouris Investment Thesis Despite a Q2 2023 earnings slump attributed to market headwinds, Occidental Petroleum Corporation (NYSE:OXY) has positioned itself for a long-term solid performance by leveraging its diverse portfolio of assets and operational efficiency. The article explores the company’s strategic fundamentals (trifecta strategy), encompassing diverse assets, steady production climb, operational excellence, and commitment…
With falling commodity prices, BP and other oil giants faced significant headwinds taking a major hit on its profits during Q2 2023. On Tuesday, August 1, oil giant British Petroleum (LON: BP) reported a 70% drop in profits for Q2 2023 on the backdrop of weaker fossil fuel prices. BP in Q2 2023 BP, the…