Tag: energy

  • Pembina Pipeline (PBA) declares 2.3% dividend increase

    Pembina Pipeline (PBA) declares 2.3% dividend increase

    Pembina Pipeline (NYSE:PBA) declares CAD 0.6675/share quarterly dividend, 2.3% increase from prior dividend of CAD 0.6525. Seeking Alpha

  • Exxon & Chevron post strong profits

    Exxon & Chevron post strong profits

    The Western world’s largest oil companies rocketed to record earnings last year as energy prices soared following Russia’s invasion of Ukraine. This year, investors fear an economic slowdown could suppress energy prices, while rising supply-chain costs have steadied at high levels. This suggests Exxon and Chevron’s cash gusher peaked last year, investors said. The oil giants still pocketed hefty…

  • Sonoco announces its 40th consecutive dividend increase of 4%

    Sonoco announces its 40th consecutive dividend increase of 4%

    The Board of Directors of Sonoco (NYSE: SON) today increased its quarterly common stock dividend by approximately 4 percent to $0.51 per share from the previous quarterly distribution of $0.49 per share. This new dividend will be paid on June 9, 2023, to shareholders of record as of May 10, 2023. With this increase, Sonoco’s annualized dividend payout moves to $2.04 per share from $1.96 per…

  • Exxon in talks to buy Pioneer Natural Resources

    Exxon in talks to buy Pioneer Natural Resources

    Discussions between the two companies about a potential deal have been informal, the people said. But after posting record profits in 2022, Exxon is flush with cash and, according to people familiar with the company’s plans, has been exploring options that could reshape a swath of the U.S. oil and gas industry while pushing Exxon deeper…

  • After five years of exploration Exxon (XOM) abandons drilling off the coast of Brazil

    After five years of exploration Exxon (XOM) abandons drilling off the coast of Brazil

    After failing for the third time to find commercially viable amounts of crude there last year, the Texas oil giant has shifted geologists and engineers from working on the offshore acreage it began snapping up with partners for $4 billion in 2017 to other countries, including Guyana, Angola and Canada, these people said. Exxon hasn’t…

  • Biden Administration places new restrictions on Arctic Oil exploration

    Biden Administration places new restrictions on Arctic Oil exploration

    President Biden moved to block future oil and gas leasing in the Arctic Ocean’s federal waters, part of a sweeping plan to protect 16 million acres of land and water in Alaska. Sunday’s announcement comes as the administration is preparing to approve the massive Willow oil-drilling project in the Alaskan Arctic over the objections of environmentalists and…