Valued with a market capitalization of $613 billion, Exxon Mobil Corporation (XOM) is a Spring, Texas-based company that explores and produces crude oil and natural gas. Companies worth $200 billion or more are typically classified as “mega-cap stocks,” and XOM fits the label perfectly as its market capitalization exceeds this threshold, underscoring its size, influence,…
Shares of Eon Resources (EONR) rose on Thursday after the Houston-based company said it had expanded its coverage to cover 75% of oil production over the next 15 months, and more than 50% by the end of 2027. Many of these contracts were closed at prices above $70 per barrel, allowing the Permian Basin producer…
ONEOK, Inc. Q4 2025 Earnings Call Summary – Moby Delivered a step-change in earnings power with 2025 Adjusted EBITDA increasing 18% to $8,020,000,000, marking twelve consecutive years of growth. We realized approximately $250,000,000 in synergies during 2025 alone, bringing total synergies since the Magellan acquisition to nearly $500,000,000, significantly exceeding original targets. Transitioned to a…
Occidental Petroleum posted a net loss of $68 million, or $0.07 per diluted share, for the fourth quarter of 2025, compared with adjusted earnings of $315 million, or $0.31 per share. The gap between GAAP and adjusted results was primarily due to charges tied to the divestiture of its chemical unit, OxyChem, which officially closed…
Mergers and acquisitions in the U.S. upstream oil and gas sector fell for the third consecutive quarter, ending massive acquisitions seen in recent years amid persistently low energy prices. According to Enverus Intelligence Research, $9.7 billion worth of deals were closed in the third quarter, a 28% drop from the second quarter and placing the…
