Blackstone, one of the most dominant financial firms blacklisted by Oklahoma over the company’s ESG policies that discriminate against the oil and gas industry, reported a drop in earnings for the second quarter. The company announced it made profit gains in credit and private equity but also suffered a drop from fee-related earnings that …
Investors in ONEOK, Inc. are being given a nearly one dollar a share dividend as the result of action this week by the board of directors, an action that will result of nearly $4 a year for each owned share. The board voted to support a quarterly dividend of 99 cents per share, the …
After recent losses, crude oil prices rebounded Wednesday by nearly 2%, largely because U.S. crude stocks, such as those held at the Cushing Hub in Oklahoma, dropped more than expected. Plus, there was the impact of a weaker U.S dollar which overshadowed signs of lower economic growth in China, according to Reuters. The U.S. touchstone, …
Both the Cushing Hub and the nation reported another drop in crude oil stocks over the past week. The U.S. Energy Information Administration stated the amount of crude oil in storage at the Cushing Hub in northern Oklahoma dropped by 800,000 barrels of oil. It fell from the 33.5 million barrels recorded on July …
The company behind those J.B. Hunt trucks you see on the highways and interstates is hurting…hurting to the tune of a 28% drop in earnings compared to a year ago. J.B. Hunt Transport Services Inc., headquartered in Arkansas reported this week its second-quarter income fell for the fifth consecutive quarter. Its net income was …
Bergey Wind Power Company of Norman, Oklahoma is among a dozen firms named as recipients of part of more than $3 million in federal government funding to advance distributed wind turbine technology. Bergey Wind will receive an award of $500,000 to implement advanced blade manufacturing processes to help meeting growing demand and reduce costs. …
More groups, not just environmentalists, are stepping up in opposition to the approval by Iowa regulators for a large carbon dioxide pipeline system in their state. The Iowa Capital Dispatch reports at least eight requests were filed in the past week with the Iowa Utilities Commission asking it to reconsider the approval for Summit …
After increased earnings and production in the first quarter of the year, Williams Cos. will release details in a few weeks how operations fared in the second quarter. The Tulsa-based company plans to release its second-quarter 2024 financial results after the market closes on Monday, August 5. A day later, executives will lead a …
At the end of the month, investors in Oklahoma City’s Chesapeake Energy Corporation will learn just how well the energy firm performed in the second quarter of the year…this while the company waits on federal approval of its merger with Southwestern Energy. Chesapeake plans a release of the operational and financial results after the …
Second quarter earnings will be released by Tulsa-based Vital Energy, Inc. in early August and investors are no doubt anxious to see if the firm continued with its record oil production in the Permian Basin. The independent energy company plans to issue the second-quarter financial and operating results after the market closes on Wednesday, August …
