Latest news with #MorganEnergy
Yahoo
25-06-2025
- Business
- Yahoo
SLB Warns of Flat Q2 on Saudi and Latin America Activity Slowdown
SLB SLB, the oilfield services giant, anticipates its second-quarter 2025 revenues and core profit to remain flat on a sequential basis, primarily due to an unexpected slowdown in drilling activity in Saudi Arabia and Latin America, per a Reuters report. According to the report, CEO Olivier Le Peuch provided the updated outlook during the J.P. Morgan Energy, Power & Renewables Conference in New York. He noted that actual field activity in the quarter has diverged from the company's original assumptions, particularly in the Middle East and South America. According to Le Peuch, several drilling rigs were demobilized in Saudi Arabia and operations were paused at the Jafurah unconventional gas field. These developments contributed significantly to the softer-than-expected operational performance for the quarter. The Jafurah field, one of the largest shale gas developments outside the United States, has been central to SLB's regional business in recent years, making the pause especially impactful. Meanwhile, in Latin America, SLB reported a decline in short-cycle project activity, further pressuring top-line growth. Short-cycle operations, often associated with faster returns, have become increasingly sensitive to pricing and capital discipline, and the pullback in activity reflects shifting customer behavior in the region. Le Peuch cautioned that the company's margin profile will be affected in the second quarter due to what he described as an unfavorable geographical activity mix. The decline in higher-margin Middle Eastern and Latin American operations, coupled with cost rigidity in service delivery, is likely to weigh on profitability. As a result, SLB expects second-quarter EBITDA to come in flat quarter over quarter, falling slightly below its prior guidance. The CEO also highlighted geopolitical risk in the region, stating that the company's current forecast assumes no disruptions to operations in the Persian Gulf amid ongoing tensions. Any escalation could pose additional downside risks. Despite the operational headwinds, SLB reaffirmed its commitment to its capital return program. The company still plans to return at least $4 billion to shareholders in 2025, signaling confidence in its overall financial resilience and long-term strategic positioning. SLB currently carries a Zack Rank #3 (Hold). Investors interested in the energy sector may look at a few better-ranked stocks like Subsea 7 S.A. SUBCY, W&T Offshore, Inc. WTI and Oceaneering International, Inc. OII. Subsea 7 presently sports a Zacks Rank #1 (Strong Buy), while W&T Offshore and Oceaneering International carry a Zacks Rank #2 (Buy) each. You can see the complete list of today's Zacks #1 Rank stocks here. Subsea 7 helps build underwater oil and gas fields. It is a top player in the Oil and Gas Equipment and Services market, which is expected to grow as oil and gas production moves further offshore. The Zacks Consensus Estimate for SUBCY's 2025 EPS is pegged at $1.31. The company has a Value Score of A. W&T Offshore benefits from its prolific Gulf of America assets, which offer low decline rates, strong permeability, and significant untapped reserves. The company's acquisition of six shallow-water fields in the GoA added 18.7 million barrels of proved reserves and 60.6 million barrels of proved plus probable reserves. The firm is focused on strategically allocating capital toward organic projects, which should boost its production outlook. WTI has a Value Score of B. Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. With a geographically diverse asset portfolio and a balanced revenue mix between domestic and international operations, the company effectively mitigates risk. As a leading provider of offshore equipment and technology solutions to the energy sector, OII benefits from strong relationships with top-tier customers, ensuring revenue visibility and business stability. The Zacks Consensus Estimate for OII's 2025 EPS is pegged at $1.79. The company has a Value Score of B. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Schlumberger Limited (SLB) : Free Stock Analysis Report W&T Offshore, Inc. (WTI) : Free Stock Analysis Report Oceaneering International, Inc. (OII) : Free Stock Analysis Report Subsea 7 SA (SUBCY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Wire
17-06-2025
- Business
- Business Wire
Coterra Energy to Participate at Upcoming J.P. Morgan Conference
HOUSTON--(BUSINESS WIRE)-- Coterra Energy Inc. (NYSE: CTRA) ('Coterra' or the 'Company') today announced that Thomas E. Jorden, Chairman, Chief Executive Officer and President, will participate in a fireside chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference. The fireside chat will begin at 8:00 AM ET on Tuesday, June 24, 2025. A live webcast of the presentation will be available on the 'Events & Presentations' page under the 'Investors' section of the Company's website at The webcast will be archived and available for 30 days at the same location after the conclusion of the live event. About Coterra Energy Coterra is a premier exploration and production company based in Houston, Texas with focused operations in the Permian Basin, Marcellus Shale, and Anadarko Basin. We strive to be a leading energy producer, delivering sustainable returns through the efficient and responsible development of our diversified asset base. Learn more about us at
Business Insider
17-06-2025
- Business
- Business Insider
Murphy USA issues Q2-to-date operational update
Murphy USA (MUSA) is issuing an operational update in advance of executive attendance at two investor conferences in June, the Jefferies Consumer Conference on June 18th and the JP Morgan Energy, Power, Renewables, and Mining Conference on June 24th. Ahead of these conferences and investor discussions, Murphy USA is updating second quarter-to-date performance metrics based on preliminary results covering the period April 1st to May 31st: Second Quarter-To-Date (QTD) 2025, all-in fuel margins were 31.7 cents, with retail margins of 29.6 cents. Second QTD 2025 total fuel volumes were up 0.5%, down 1.1% on a same store sales (SSS) basis versus Second QTD 2024. Second QTD 2025 total merchandise sales and margin contribution dollars were up 1.1% and 0.3%, respectively. Nicotine sales and margins were down 0.9% and 0.1% respectively, on a SSS basis. Non-nicotine sales and margins were down 0.7% and 2.5% respectively, on a SSS basis. Second QTD operating expense was up 2.8% on an APSM basis. 22 New to Industry stores and 18 Raze and Rebuilds are currently under construction. Confident Investing Starts Here:
Yahoo
12-06-2025
- Business
- Yahoo
Devon Energy to Participate in a Fireside Chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference
OKLAHOMA CITY, June 12, 2025 (GLOBE NEWSWIRE) -- Devon Energy Corp. (NYSE: DVN) today announced Clay Gaspar, President and CEO will participate in a fireside chat at the J.P. Morgan Energy, Power, Renewables & Mining Conference. The fireside chat is scheduled for 9:20 a.m. Central time (10:20 a.m. Eastern time) on Tuesday, June 24, 2025 and will be webcast live on Devon's website at A replay of the webcast will be available for 30 days following the event. ABOUT DEVON ENERGY Devon Energy is a leading oil and gas producer in the U.S. with a diversified multi-basin portfolio headlined by a world-class acreage position in the Delaware Basin. Devon's disciplined cash-return business model is designed to achieve strong returns, generate free cash flow and return capital to shareholders, while focusing on safe and sustainable operations. For more information, please visit Investor Contact Media Contact Michelle Hindmarch, 405-552-7460 405-228-4450 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
