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The Latest Breaking News from Petroleum

KNPC Records More than $1 Billion Net Profits

Kuwait National Petroleum Company (KNPC) recorded a 133 percent increase in its net profit during the fiscal year 2021-2022 compared to last year. Walid Al-Badr, CEO of Kuwait Petroleum, announced that the company’s profits for the fiscal year 2021-2022 totaled 341.38 million dinars ($1.114 billion) compared to 146.544 million dinars…

Asharq Al-Awsat

Sri Lanka prime minister resigns, curfew imposed after clashes

Sri Lanka's prime minister resigned on Monday to make way for a unity government that would try to find a way out of the country's worst economic crisis in history, but protesters said they also wanted his brother to stand down as president.

Reuters

Domestic LPG cylinder price breaches ₹1,000 mark in several cities

The price of a cylinder containing 14.2 kg of liquefied petroleum gas in Chennai now stands at ₹1,015.50

The Hindu

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Domestic LPG cylinder price hiked by Rs 50

The price of Liquefied petroleum gas (LPG) cylinder has been increased by Rs 50.

Dynamite News

Apache vs. Antero Resources: Which Oil & Gas Stock is a Better Buy?

Despite a tighter supply of oil worldwide due to escalating sanctions on Russian oil exports, President Biden’s plan to replenish Strategic Petroleum Reserve should benefit companies engaged in the upstream segment in the coming months. Given the rising demand and high prices, prominent players in this space, APA Corporation (APA)…

StockNews.com

Looking At Occidental Petroleum's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Occidental Petroleum (NYSE:OXY). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

PTTEP aims to hike output

PTT Exploration and Production Plc (PTTEP) is determined to increase petroleum production from the Erawan and Bongkot gas fields in the Gulf of Thailand to 1,500 metric million standard cubic feet per day (MMSCFD) in the next two years after lower domestic gas supply led to more imports of expensive…

Bangkok Post

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5 Resilient Dividend Stocks to Buy and Hold

Yesterday, the Federal Reserve implemented its first 50-basis-point interest rate hike since 2000 to tame rising inflation. The volatility in the stock market has been increasing with the Fed’s monetary policy pivot, historically high levels of inflation, and the Russia-Ukraine war. And analysts expect the S&P 500 to plunge further.…

StockNews.com

Watch the gap: On widening trade deficit

The widening trade deficit puts more pressure on the rupee and aids growth-retarding inflation.

The Hindu

Executives Buy Over $373M Of 4 Stocks

Although crude oil futures traded higher on Thursday, there were a few notable insider trades.

Benzinga

Warren Buffett's Berkshire Hathaway Boosts Stake In Occidental Petroleum

Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-B) has bought another 5.9 million shares of Occidental Petroleum Corporation (NYSE:OXY), boosting its stake in the oil company to ~15.2%. Occidental's share price has doubled this year, benefiting from Berkshire's purchases and rising oil prices, with a further boost from the Ukraine crisis. The purchases made on May 2…

Benzinga

Callon Petroleum: Q1 Earnings Insights

Callon Petroleum (NYSE:CPE) reported its Q1 earnings results on Wednesday, May 4, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings Callon Petroleum beat estimated earnings by 3.0%, reporting an EPS of $3.43 versus an estimate of $3.33.

Benzinga

Death Cross Looms Over China Petroleum Investors

If history is any guide, there may be trouble ahead for shares of China Petroleum (NYSE:SNP). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

Benzinga

Morocco, Nigeria Seeking Funding For Gas Pipeline To North Africa, Europe

Nigeria’s Minister of Petroleum Resources Timipre Sylva said Tuesday that his country and Morocco are still securing funds for a huge offshore pipeline project to transport Nigerian gas to North Africa and Europe. Four years ago, Morocco’s King Mohammed VI and Nigerian President Muhammadu Buhari agreed on the mega-project to…

Asharq Al-Awsat

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Benzinga

Earnings Outlook For Laredo Petroleum

Laredo Petroleum (NYSE:LPI) is set to give its latest quarterly earnings report on Wednesday, 2022-05-04. Here's what investors need to know before the announcement. Analysts estimate that Laredo Petroleum will report an earnings per share (EPS) of $6.11.

Benzinga

Check Out What Whales Are Doing With OXY

Someone with a lot of money to spend has taken a bearish stance on Occidental Petroleum (NYSE:OXY). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Earnings Outlook For Callon Petroleum

Callon Petroleum (NYSE:CPE) is set to give its latest quarterly earnings report on Wednesday, 2022-05-04. Here's what investors need to know before the announcement. Analysts estimate that Callon Petroleum will report an earnings per share (EPS) of $3.33.

Benzinga

Looking Into Marathon Petroleum's Recent Short Interest

Marathon Petroleum's (NYSE:MPC) short percent of float has fallen 16.08% since its last report. The company recently reported that it has 14.53 million shares sold short, which is 2.61% of all regular shares that are available for trading.

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Benzinga

Recap: Marathon Petroleum Q1 Earnings

Marathon Petroleum (NYSE:MPC) reported its Q1 earnings results on Tuesday, May 3, 2022 at 06:05 AM. Here's what investors need to know about the announcement.

The Times of India

Exports up 24% to $38 billion in April; trade deficit widens to $20 billion

NEW DELHI: Exports rose by 24.22 per cent to a monthly record high of $38.19 billion in April on account of healthy performance by sectors like petroleum products, electronic goods and chemicals, even as trade deficit widened to $20 billion during the month, the commerce ministry said on Tuesday.

Benzinga

If You Invested $100 In Marathon Petroleum 10 Years Ago, Here's How Much You Would Have Today

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years by 4.82% on an annualized basis producing an average annual return of 16.49%. Currently, Marathon Petroleum has a market capitalization of $49.56 billion.

The Hindu

Former petroleum secretary Tarun Kapoor appointed advisor to PM

Senior bureaucrats Hari Ranjan Rao and Atish Chandra have been appointed as additional secretaries in the PMO

Benzinga

Marathon Petroleum's Earnings Outlook

Marathon Petroleum (NYSE:MPC) is set to give its latest quarterly earnings report on Tuesday, 2022-05-03. Here's what investors need to know before the announcement. Analysts estimate that Marathon Petroleum will report an earnings per share (EPS) of $1.11.

Dynamite News

Yechury terms LPG cylinder price hike 'attack on labour class, poor'

Communist Party of India (Marxist) General Secretary Sitaram Yechury on Sunday lashed out at the Centre over hike in petroleum prices and termed it an "attack on the labour class and poor" on the Labour Day. Full story

Asharq Al-Awsat

Lebanon: Concerns Rise of Total Darkness after the Polls

Warnings are growing in Lebanon that the country’s lingering electricity crisis could worsen after its parliamentary elections on May 15, amid fears of total darkness engulfing the nation in light of dysfunctional public services. Walid Fayyad, Lebanon’s Energy Minister declared that the completion of the contract to import gas from…

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