OMV Profit Tops Hopes, Keeps Outlook

OMV reported first-quarter profits ahead of forecasts despite revenue falling on lower gas prices, and backed its full-year production guidance. 


 
Oil Falls on U.S. Inflation Concerns

Oil prices traded lower in Europe after the latest U.S. data reinforced prospects of higher-for-longer interest rates, but signs of a tightening physical market limited the downside. 


 
PetroChina's Net Profit Rose on Higher Sales

PetroChina's net profit and revenue rose, primarily due to a rise in sales volume for the Chinese state-controlled oil company's oil and gas products. 


 
A Massive U.S. Nuclear Plant Is Finally Complete. It Might Be the Last of Its Kind.

Cost overruns and delays at Southern Co.'s Plant Vogtle pushed U.S. nuclear power in a different direction. 


 
Energy & Utilities Roundup: Market Talk

Find insight on Aramco, TotalEnergies, uranium prices, and more in the latest Market Talks covering the Energy and Utilities sector. 


 
In America's Biggest Oil Field, the Ground Is Swelling and Buckling

Land has subsided by as much as 11 inches since 2015 in a prime portion of the Permian Basin, as drillers extract huge amounts of oil and water, according to a Wall Street Journal analysis of satellite data. 


 
Exxon Spent Money to Make Money

The oil and gas giant's spending in recent years has opened up a huge gap with Chevron, and it might widen further. 


 
Exxon, Chevron Earnings Fall Back to Earth

The oil companies are still printing big profits, but their postpandemic run of record earnings is slowing down. 


 
NextEra Arm, Squeezed by Niche Financing, Considers Private Capital Raise

NextEra Energy Partners is mulling its options for how to pay bills coming due under an obscure type of financing that has weighed on the company since its stock price tumbled last year. 


 
TotalEnergies Plans $2 Billion Buyback After Profit Beat

TotalEnergies reported higher-than-expected profits in the first three months of the year and said it would buy back $2 billion of shares this quarter.


(END) Dow Jones Newswires

04-30-24 0415ET