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...Chesapeake produced 3.4bn cubic feet of gas a day in the third quarter of 2023, according to S&P Capital IQ; Southwestern produced 4bn cu ft/d....
...S&P 500 Energy index....
...The stock had risen 27 per cent over the past five years to Tuesday, compared with a 64 per cent rise in the S&P 500 oil refining and marketing index over the same period....
...The company was the S&P 500’s best performer last year and earned $12.5bn in profits....
...“He’s certainly one of the pioneers of the shale revolution,” said Daniel Yergin, vice-chair of S&P Global, who chronicled the US’s transformation into an oil and gas giant in his book The New Map....
...But it was ahead of Wall Street estimates of $5.6bn, according to S&P Capital IQ. “I’m very satisfied,” said Wirth of the results. “It’s a good strong quarter....
...Australia’s Port of Newcastle, the world’s largest coal export terminal, whose credit rating was downgraded to junk status by S&P last week, has much of its outstanding debt tied up in sustainability-linked...
...Brazil: Q4 GDP figures Canada, China, EU, France, Germany, Italy, Japan, UK, US: S&P Global/Caixin/HCOB manufacturing PMI data EU: Core February CPI and HICP inflation rate data South Korea: Independence...
...When Vicki Hollub flew Occidental Petroleum’s Gulfstream V jet to Omaha for a meeting with billionaire investor Warren Buffett in April 2019, she needed cash to place a bet....
...“It’s a crucial terminal [as] India is trying to achieve 15 per cent gas,” said Ayush Agarwal, an analyst with S&P Global Commodity Insights in India....
...The rebound in oil prices — even as they have drifted lower — means Anadarko has “just turned into a giant ATM to repay the debt” of its mega-takeover, a VP with S&P Global Commodity Insights told the FT...
...Coal producers no longer have their own ETF — but shares in Peabody Energy, the US’s biggest coal producer, soared by more than 130 per cent last year, outperforming even Occidental Petroleum, the S&P 500...
...Oxy’s shares were the top performer on the S&P 500 in 2022, rising 119 per cent. It earned a record $12.5bn in annual net income....
...Loosening Covid-19 restrictions in the second-largest petroleum-consuming nation will help drive nearly half of global energy demand growth in 2023, according to S&P Global Commodity Insights....
...Fourth-quarter earnings from companies in the S&P energy sub-index are expected to be 56 per cent higher year on year, while earnings across the index will decline by 6 per cent, according to Credit Suisse...
...It paid down debt, bought back shares and joined the S&P 500 index — a club befitting a company whose logo tops one of Pittsburgh’s tallest skyscrapers....
...“Many of the operators are attributing the deferral of plant closures to delays in solar or solar [and battery] storage projects,” said Morris Greenberg, an analyst at S&P Global Commodity Insights....
...Enter a new Spac. Arrival is merging with Kensington Capital Acquisition Corp V, paying a huge premium in order to add $300mn to its balance sheet....
...The day ahead Market update Contracts tracking Wall Street’s blue-chip S&P 500 and the tech-heavy Nasdaq 100 are weaker today in Europe after a subdued session yesterday....
...“Operators have a higher power to answer to, and that’s their investors, not really the US government,” said Sami Yahya, a senior energy analyst at S&P Global Commodity Insights. 2....
...Even shares in Devon Energy, the S&P 500’s best performer last year, remain cheap enough that it could buy back its outstanding shares in less than six years, reckons S&P Global....
...The strike would also disrupt coal deliveries, the majority of which is moved by rail, increasing coal prices and adding pressure to already limited natural gas inventories, says S&P....
...“It’s a tsunami of cash,” said Raoul LeBlanc, head of S&P’s North American oil and gas division. “The companies have almost finished the balance sheet repair.”...
...Separately, S&P Global will report manufacturing data for Brazil, Mexico and Canada....
...The company on Thursday reported net income of $513mn in the final three months of 2021, up from a loss of $129mn a year ago, marking its most profitable period in S&P Global Market Intelligence records...
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