Remove Barrel Remove Books Remove Energy
article thumbnail

Profit Warnings and Production Cuts: Shell Faces Tough Energy Headwinds

Rextag

The announcement highlights the ongoing challenges facing the energy giant. 30 earnings release, Shell revealed plans to book a noncash post-tax impairment of $1.5 billion within its renewables and energy solutions segment. This represents a decrease from the previous guidance of 900,000 to 960,000 daily barrels.

Energy 40
article thumbnail

Profits or Planet? BP’s ‘New Beginning’: The Shift from Low Carbon to Core Oil and Gas and Q4 2024 Results

Rextag

Still, market watchers see the move as part of a larger trend: investors pushing traditional energy companies to maximize immediate shareholder returns rather than spending heavily on lower-carbon initiatives that may take years to pay off. a $200 million profit in 3Q) after booking $1.5 Cash Flow from Operations 4Q 2024 : $7.43

Oil 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Whitecap Resources, Veren to combine to form C$15 billion Canadian energy giant

Oil & Gas 360º

(Oil & Gas 360) Publisher’s Note: Whitecap Resources will be presenting at the 30th Anniversary EnerCom Denver-The Energy Investment Conference at the Westin Denver Downtown on August 17-20, 2025. Refer to Barrel of Oil Equivalency and Production & Product Type Information in this press release for additional disclosure.

Energy 130
article thumbnail

A Look Back on 2024

Energy Transfer

2024 is almost in the books! It was another exciting and successful year for Energy Transfer and Sunoco, with everything from impactful acquisitions and a major pipeline deal to sports sponsorships and record-breaking donations. JANUARY Sunoco LP Acquired NuStar Energy L.P. JANUARY Sunoco LP Acquired NuStar Energy L.P.