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ConocoPhillips Reports Third-Quarter Profit Beat, Hikes Production Forecast

Conventional Energy, Latest, Oil, US News / By

(Reuters) – Oil and gas producer ConocoPhillips topped Wall Street estimates for third-quarter profit on Thursday and hiked its full-year output forecast on a boost from higher production, sending its shares up 3% at $106.7 in premarket trading. Commodity price volatility has been in focus in the past few months, driven by several factors including the …

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Shell’s $6 Billion Profit Smashes Forecasts as LNG Offsets Weak Refining

Conventional Energy, Energy Topics & Technology, Latest, LNG, Oil, US News / By

Summary Shell extends $3.5 bln share buybacks Strong LNG sales offset drop in refining Debt drops to lowest since 2015 LONDON, Oct 31 (Reuters) – Shell reported on Thursday third-quarter profits of $6 billion that exceeded forecasts by 12% as higher liquefied natural gas (LNG) sales offset a sharp drop in oil refining and trading …

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U.S. Saudi Crude Imports Fall as West Coast Refiners Turn to Canada’s TMX Pipeline

Conventional Energy, Latest, Oil, US News / By

U.S. imports of crude oil from Saudi Arabia hit a near four-year low last week, U.S. government data showed on Wednesday, as Canada’s Trans Mountain pipeline sent more oil to the U.S. West Coast. The $24.84 billion Trans Mountain pipeline (TMX) expansion started in May, nearly tripling capacity to Canada’s Pacific Coast to 890,000 barrels …

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Chevron CEO Under Pressure to Halt Share Slide as Hess Deal Stalls

Conventional Energy, Energy Topics & Technology, Exploration & Production, Latest, Mergers and Acquisitions, Oil, Pinned Primary, US News / By

  Chevron earnings fail to cover dividends, buybacks Delayed Hess deal a drag on the company’s share price Guyana volumes crucial for long-term oil output gains (Reuters) – Five years ago, Chevron CEO Michael Wirth won Wall Street acclaim as the No. 2 U.S. oil company briefly achieved a market value larger than Exxon Mobil’s after he …

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Oil Prices Stable After Boost From U.S. Fuel Demand

Conventional Energy, Latest, Oil, Tri-Pinned, US News / By

(Reuters) – Oil prices stabilized on Thursday after rallying the previous day on stronger than expected U.S. fuel demand and reports that producer group OPEC+ could delay a planned output increase. Traders are now awaiting the outcome of the U.S. presidential election on Nov. 5 and whether ceasefires can be brokered in the Middle East. …

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China’s BYD Revenue Eclipses Tesla for First Time as EV Giants Go Head to Head

CDN and International News, Conventional Energy, Electric Vehicles, Energy Topics & Technology, Latest, Oil / By

Both electric carmakers have emerged as breakout threats to legacy automakers Bloomberg News BYD Co. Ltd. notched up another win over Tesla Inc. on Wednesday, reporting quarterly revenue that beat Elon Musk’s carmaker for the first time since the pair have gone head-to-head in global electric vehicles sales. Revenue for China’s best-selling automaker soared 24 per cent year-on-year to 201.1 billion …

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