Latest news with #OilandGas
Hans India
a day ago
- Business
- Hans India
Indian equities' outlook now neutral due to stellar show despite global headwinds: SBI report
New Delhi: An SBI Mutual Fund report on Monday changed the Indian equities' outlook to neutral from an underweight stance in 2024, as the domestic benchmark indices continue to perform well despite global uncertainties. From a contrarian viewpoint, this shift to neutral from underweight equities represents a healthier market outlook and better long-term entry points for investors, "though we are not yet ready to recommend overweight positions", said the SBI 'Market Outlook' report. The Indian equities gained in May despite tariff uncertainties. Nifty and Sensex increased 1.7 per cent and 1.5 per cent (on-month), respectively. FPIs turned net buyers even as overall market breadth weakened. The Q4 FY25 corporate earnings scorecard was modest (single-digit profit growth), but largely in line with expectations, which has helped to arrest incremental earnings, downgrades in May, according to the report. Even as metals, healthcare, capital goods, PSU banks, and chemicals have recorded a healthy profit growth, weakness in private banks results, coupled with a drag from Oil and Gas (ex OMCs), put pressure on profitability. "Earnings growth is expected at around 10.5 per cent in FY26. Revival in India's economic growth and hence topline is critical for the expectations to be met," the report further stated. In the context of the Indian equity market, valuations have become more reasonable after the recent decline in Indian 10-year bond yields and a de-rating in price-to-earnings multiples. "Our preferred measure — the earnings yield to bond yield spread — now suggests modest valuations compared to last year's highs," the report mentioned. 'In our view, quality and long-term fundamentals will start getting rewarded versus narrative-based and, to some extent, speculative price action of the past year,' it added. The current turbulence should bring the focus back on fundamentals. "We remain of the view that increasingly the market will become more discerning and move back towards companies which have strong business models, long-term earnings growth visibility and sustainable cashflows,' according to the report. Q4 FY25 real GDP came in at 7.4 per cent compared to 6.4 per cent in Q3, surpassing RBI's and market expectations of 7.2 per cent and 6.8 per cent, respectively. This growth was primarily driven by a sharp rebound in fixed asset investments and sustained momentum in agricultural activity, even as aggregate private consumption remained underwhelming. "We expect India's growth to be flat at 6-6.5 per cent in FY26. While the tariff troubles have been averted for now, global policy uncertainty is a risk to India's growth," it added.
United News of India
30-05-2025
- Business
- United News of India
Sensex down 182.01 pts
Mumbai, May 30 (UNI) The BSE Sensex on Friday slipped 182.01 pts to settle at 81,451.01 on weak Asian Market. The National Stock Exchange (NSE) fell 82.90 pts at 24,750.70. Advancing over 300 pts on Thursday, the BSE sensex opened in red at 81,465.69, declining 168 pts. During the day it was dropped 347 pts at 81,286.45, days low, before closing at 81,451.01, declining 182.01 pts from its previous close. The NSE registered days high at 24,863.95 and days low at 24,717.40 pts. In stocks, Commodities, Utilities, Oil and Gas and Metal dragged the market today. Commodities fell 1.14 pc followed by Utilities by 1.09 pc, Oil and Gas by 1.06 pc and Metal by 1.68 pc. The Mid cap eased 0.39 while Small cap rose by 0.17 pc. In 30 scrips, 25 advanced while 5 declined. The losers were HCL Technology by 1.95 pc to Rs 1632.40, Tech Mahindra by 0.73 pc to Rs 1572.20, Infosys by 1.54 pc to Rs 1561 and Asian paints by 1.53 pc to Rs 2262. The gainers were Eternal by 4.95 pc to Rs 239.60, SBI by 1.98 pc to Rs 813.10, HDFC Bank by 0.68 pc to Rs 1941.95 and L& T by 0.64 pc to Rs 3678.60. In global markets a mixed trend was seen as US market and European market were seen positive while Asian Market was weak. In Asian Market, Set Composite fell by 1.29 pc, Shanghai Composite by 0.48 pc, Hang Seng by 1.22 pc and Strait Times by 1.57 pc. UNI NV ARN
Yahoo
23-05-2025
- Business
- Yahoo
Woodside Offers $3.5B Bonds
This article was first published on Rigzone here Woodside Energy Group Ltd. has reached an agreement with financial backers for an underwritten debt instrument sale with a principal amount of $3.5 billion in the United States market. The senior unsecured notes consist of $500 million maturing 2028 with a 4.9 percent interest, $1.25 billion due 2030 with a 5.4 percent coupon, $500 million due 2032 with a 5.7 percent interest and $1.25 billion due 2035 with a six percent interest. The underwriters are Barclays Capital Inc., JP Morgan Securities LLC, BofA Securities Inc., Goldman Sachs & Co. LLC and UBS Securities LLC, according to a filing with the United States Securities and Exchange Commission. The notes were to be issued by Woodside Finance Ltd., a subsidiary of the Australian oil and gas explorer and producer, and guaranteed by the parent. 'The funds will be used for general corporate purposes', Woodside said in an online statement. In the first quarter (Q1) Woodside entered into two $1.5-billion short-term liquidity facilities, drew $800 million from available liquidity debt facilities and repaid a $1-billion bond that matured in the period. It ended the quarter with a $7.3 billion liquidity, according to its quarterly report published April 23. Woodside posted $3.32 billion in revenue for the January-March 2025 period, down five percent from the prior three-month period but up 13 percent against Q1 2024. The sequential decrease was primarily due to lower production and weaker oil-linked prices. The year-on-year increase was due to added production from the Sangomar field offshore Senegal, which started up in Q2 2024, and higher gas hub-linked prices, Woodside said. Take control of your THOUSANDS of Oil & Gas jobs on Search Now >> Woodside produced 49.1 million barrels of oil equivalent in the January-March 2025 period, down 4 percent quarter-on-quarter due to weather impacts at North West Shelf LNG and unplanned outages at Pluto LNG, both in Western Australia. These were partially offset by higher production at the Atlantis and Shenzi oil and gas fields offshore Louisiana. By prior-year comparison, Q1 2025 total output rose 9 percent due to Sangomar production. Woodside sold 50.2 MMboe in Q1 2025, down 7 percent quarter-on-quarter but up 10 percent year-on-year. Late last month it earmarked $17.5 billion for the Louisiana LNG project. In the final investment decision (FID), New York City-based Stonepeak Partners LP agreed to shoulder $5.7 billion in exchange for a 40 percent stake. The Gulf Coast project has an Energy Department permit to export a cumulative 1.42 trillion cubic feet a year of natural gas equivalent, or 27.6 million metric tons per annum (MMtpa) of liquefied natural gas (LNG) according to Woodside, to both FTA and non-FTA countries. The FID is for phase 1, which involves 3 liquefaction trains with a combined capacity of 16.5 MMtpa. To contact the author, email More From The Leading Energy Platform: Thousands of Business Figures Call for Immediate End to UK EPL Ithaca Boosts Stake in 'Largest UK Continental Shelf Gas Field' Galveston LNG Bunker Port Gets Remaining Construction Permits Two Elliott Nominees Set to Join Phillips 66 Board >> Find the latest oil and gas jobs on << 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
Libya Herald
21-05-2025
- Business
- Libya Herald
Acting Minister of Oil and Gas meets Shell delegation to discuss future partnership opportunities
The Acting Minister of Oil and Gas, Khalifa Abdel Sadig, held a meeting yesterday with a senior delegation from Shell to discuss prospects for cooperation and investment opportunities in the Libyan oil and gas sector, especially in the fields of exploration and production and the expansion of strategic partnerships. The Shell delegation included Andrew Smith, Head of Trading, Eugene Oakberry, Executive Vice President, Exploration and Portfolio, Thomas Gerges, Head of Corporate Relations for the Middle East and North Africa, Tarek El Hassan, General Manager of Trading, and Alex Battalia, Director of Business Development. During the meeting, the minister stressed Libya's openness to cooperation with major international companies and the importance of investing in the development of fields, increasing production and transferring technology, which contributes to achieving the country's goals in enhancing economic stability and developing national resources.
Yahoo
17-05-2025
- Business
- Yahoo
Should Weakness in Red Sky Energy Limited's (ASX:ROG) Stock Be Seen As A Sign That Market Will Correct The Share Price Given Decent Financials?
Red Sky Energy (ASX:ROG) has had a rough month with its share price down 33%. However, stock prices are usually driven by a company's financials over the long term, which in this case look pretty respectable. Particularly, we will be paying attention to Red Sky Energy's ROE today. Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors' money. Simply put, it is used to assess the profitability of a company in relation to its equity capital. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. Return on equity can be calculated by using the formula: Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity So, based on the above formula, the ROE for Red Sky Energy is: 3.7% = AU$272k ÷ AU$7.3m (Based on the trailing twelve months to December 2024). The 'return' is the profit over the last twelve months. Another way to think of that is that for every A$1 worth of equity, the company was able to earn A$0.04 in profit. Check out our latest analysis for Red Sky Energy Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics. As you can see, Red Sky Energy's ROE looks pretty weak. Even compared to the average industry ROE of 4.9%, the company's ROE is quite dismal. However, the moderate 17% net income growth seen by Red Sky Energy over the past five years is definitely a positive. Therefore, the growth in earnings could probably have been caused by other variables. For instance, the company has a low payout ratio or is being managed efficiently. Next, on comparing with the industry net income growth, we found that Red Sky Energy's reported growth was lower than the industry growth of 34% over the last few years, which is not something we like to see. The basis for attaching value to a company is, to a great extent, tied to its earnings growth. What investors need to determine next is if the expected earnings growth, or the lack of it, is already built into the share price. By doing so, they will have an idea if the stock is headed into clear blue waters or if swampy waters await. If you're wondering about Red Sky Energy's's valuation, check out this gauge of its price-to-earnings ratio, as compared to its industry. Red Sky Energy doesn't pay any regular dividends currently which essentially means that it has been reinvesting all of its profits into the business. This definitely contributes to the decent earnings growth number that we discussed above. Overall, we feel that Red Sky Energy certainly does have some positive factors to consider. Specifically, its fairly high earnings growth number, which no doubt was backed by the company's high earnings retention. Still, the low ROE means that all that reinvestment is not reaping a lot of benefit to the investors. While we won't completely dismiss the company, what we would do, is try to ascertain how risky the business is to make a more informed decision around the company. You can see the 3 risks we have identified for Red Sky Energy by visiting our risks dashboard for free on our platform here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
