energy-industry3.13 min read
"CERAWeek 2024: Dueling Visions on Energy's Future"
1 year ago•Source: Yahoo Finance
Energy Industry News
The latest energy industry stories, summarized by AI
Featured Energy Industry Stories
View original source
1.395 min•1 year 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%.
More Energy Industry Stories
"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.