Earnings

Florida-based NextEra Energy Inc. is taking advantage of federal incentives to boost its advantage in renewable natural gas (RNG) and green hydrogen.  CFO Kirk Crews highlighted how the Inflation Reduction Act (IRA) is boosting the company’s ability to add the clean energy assets to its portfolio as it aims to supply a growing customer base…

Cheniere Energy Inc. said Tuesday that it has already signed an agreement to supply LNG from a massive expansion of its Sabine Pass liquefaction (SPL) terminal in Louisiana just two months after it kicked off the federal permitting process.  CEO Jack Fusco told analysts during a call to discuss the company’s first quarter results that…

Strong global natural gas marketing and trading lifted BP plc in the first three months of this year, helping the company overcome low commodity prices as the integrated major also leaned in to secure opportunities to expand in the United States and overseas. CFO Murray Auchincloss led a conference call Tuesday to discuss the latest…

Southwestern Energy Co. continues to focus on decreasing dry gas completion activity, which includes releasing a hydraulic fracturing fleet in the Haynesville Shale, while maintaining its liquids-rich activity level in West Virginia and Ohio. “Despite the near-term commodity price weakness due to relatively high inventory levels following a record warm winter, we continue to see…

TC Energy Corp. is working to expand natural gas takeaway capacity from the Western Canadian Sedimentary Basin (WCSB) amid record demand for the fuel across North America, management said. CEO François Poirier hosted a conference call last Friday to discuss the Calgary-based pipeline giant’s first quarter earnings. He was joined by Greg Grant, president of…

Any attempts by California to penalize oil and natural gas producers for what state leaders may consider to be excess profits will likely backfire, Chevron Corp. CEO Mike Wirth said Friday. During the first quarter conference call, Wirth was asked about a rulemaking process underway in the company’s home state. Spearheaded by Democratic Gov. Gavin…

ExxonMobil’s natural gas, crude, power and petroleum products trading as of June 1 will become “one centralized trading organization for the whole corporation,” able to stand with any global competitor, CEO Darren Woods said Friday. The new Global Trading arm has been in the works in some form or fashion since 2018, Woods said during…

TotalEnergies SE said its LNG sales slipped in the first quarter as a result of lower spot volumes linked to a decline in European demand during a mild winter. The company, a major global liquefied natural gas player, reported selling 11 million tons of the super-chilled fuel during the period, down 13% sequentially and 17%…

Appalachian Basin pure-play EQT Corp. is equipped to weather the current downturn in natural gas prices and expects a tighter supply/demand balance later this year and into 2024, management said Thursday. CEO Toby Rice hosted a conference call to discuss the largest U.S. gas producer’s first quarter earnings. “While the current natural gas macro environment…