Earnings

MPLX LP is targeting high-return projects in the Permian Basin-to-Gulf Coast corridor as it continues to streamline 2020 growth capital expenditures (capex) to $1.5 billion, down by another $500 million from the most recent estimate.

BP plc CEO Bob Dudley, who stepped down as chief on Tuesday, is leaving on a high after helping guide the global producer to stronger-than-expected results in the fourth quarter even with lower natural gas and oil prices.

MPLX LP is targeting high-return projects in the Permian Basin-to-Gulf Coast corridor as it continues to streamline 2020 growth capital expenditures (capex) to $1.5 billion, down by another $500 million from the most recent estimate.

Kinder Morgan Inc. (KMI) has placed the Gulf LNG (liquefied natural gas) export project on the backburner in favor of other growth opportunities, CEO Steve Kean indicated Wednesday during the firm’s analyst day.

Enterprise Products Partners LP capped the last decade with another quarter of operational records in each of its business segments as well as a new high in income for 2019.

Record production from the Permian Basin and a bevy of oil and natural gas projects worldwide was not enough to stanch the decline in commodity prices during the final quarter, as Chevron Corp. recorded a $10.4 billion impairment for assets that included the Appalachia portfolio, a natural gas export facility planned for British Columbia and a deepwater Gulf of Mexico project.

ExxonMobil’s gambit to increase capital spending to backfill the global natural gas and oil portfolio ran smack dab into bruising commodity prices during the final three months of 2019, but the company is playing the long game, with less focus on short-term commodity cycles, CEO Darren Woods said Friday.

Seneca Resources Co. LLC plans to again slash spending in response to free falling natural gas prices and lean on an inventory of drilled but uncompleted (DUC) wells in Appalachia to keep production flat in fiscal year (FY) 2021.

Kinder Morgan Inc. (KMI) has placed the Gulf LNG (liquefied natural gas) export project on the backburner in favor of other growth opportunities, CEO Steve Kean indicated Wednesday during the firm’s analyst day.