Like several other majors, ConocoPhillips reported Thursday its second-quarter 2023 earnings and adjusted earnings were lower than the previous year. Second quarter adjusted earnings were 2.2 billion or $1.84 per share compared with the second-quarter 2022 earnings of $5.1 billion and $3.96 per share and second-quarter 2022 adjusted earnings of $5.1 billion or $3.91 …
Gasoline prices in Oklahoma rose at least 17 cents in the past week to reach an average this week of $3.56, reported AAA Oklahoma. The average rose 3 cents in the past day. A week ago, Oklahoma motorists paid an average $3.39 a gallon for regular gasoline. A month ago, the average was $3.19. …
Not everyone is a big supporter of the hydrogen projects that are sweeping the nation. In Oklahoma, the state has partnered with Arkansas and Louisiana in hopes of landing major federal money to develop a hydrogen hub. Colorado is doing the same with New Mexico and a handful of other states. One Colorado environmentalist …
A day after reporting increased earnings in the second quarter, Tulsa’s Williams announced a major contract to supply gas over a 3-year period to Chattanooga Gas, a subsidiary of Southern Company Gas. The deal calls for Williams to provide certified, low-emissions NextGen Gas, which according to the announcement, will allow Chattanooga Gas to achieve …
Considered one of the largest natural gas producers in the country, Chesapeake Energy intends to expand its exploration in two regions of the country— the Appalachian and Haynesville basins. Leaders say even though the Oklahoma City company’s earnings were down from the $1.24 billion reported a year ago, they intend to push ahead with …
An 83% drop in profits? It’s been suffered by Occidental Petroleum Corp. The company reported this week the effects of lower oil and gas prices left the firm reeling reported Reuters. Click here for Reuters
** Phillips 66 announces second-quarter 2023 earnings of $1.7 billion compared with earnings of $2.0 billion in the first quarter. Excluding special items of $69 million, the company had adjusted earnings of $1.8 billion in the second quarter, compared with first-quarter adjusted earnings of $2.0 billion. **Occidental Petroleum Corp on Wednesday reported an 83% slump …
When the Oklahoma Energy Resources Board says it has a commitment to education, it means it. The OERB showed its commitment to supporting education this summer by providing 374 teachers from school districts across the state with more than $185,000 worth of classroom supplies, equipment and hands-on activities. The two summer energy education …
The U.S. EPA rejects a Colorado petroleum refinery’s air quality permit and orders state regulators to revisit portions concerning dust and carbon monoxide releases. Suncor Energy’s refinery in Commerce City was the target of the EPA action which is considered something of a win for environmental groups who challenged the state’s permit renewal for the company. …
Like some other major energy companies, Energy Transfer, the Dallas company that completed a merger with Oklahoma City’s former Enable Midstream Partners in 2021, wasn’t able to match or exceed the $1.11 billion in net income it recorded in the first quarter of the year. Instead, Energy Transfer reported net income attributable to partners …
