energy-industry3.13 min read
"CERAWeek 2024: Dueling Visions on Energy's Future"
2 years ago•Source: Yahoo Finance
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1.395 min•2 years ago
"Devon Energy's Q4 Profit Declines Due to Winter Storm, Beats Estimates"
Devon Energy reported a decrease in fourth-quarter profit due to lower oil and gas prices and projected a 2% production impact in the first quarter as a result of severe winter weather. The company's average realized price without hedges fell, and it reaffirmed its 2024 production forecast while expecting first-quarter production to be down 2%. Despite the challenges, Devon Energy raised its fixed quarterly dividend by 10%.
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"Kinder Morgan's Optimistic Outlook for Natural Gas Demand"
Kinder Morgan maintains a positive outlook on natural gas demand, citing increased demand from LNG export facilities and exports to Mexico. Despite weakness in its natural gas pipeline operations, the company sees a bright future for U.S. natural gas and anticipates new projects driven by rising demand. With a significant project backlog associated with natural gas, Kinder Morgan aims to expand its capacity and bring more natural gas supply into the southeast market.
"Generation Z Targeted for Oil and Gas Jobs by US Shale Magnate"
A US shale magnate is attempting to attract Generation Z to the oil and gas industry by promoting the sector's job opportunities. As the industry faces challenges in recruiting younger workers, the magnate is emphasizing the potential for high-paying jobs and career growth in the energy sector, despite concerns about environmental impact and the shift towards renewable energy sources.