Guyana Oil Development

Business

ExxonMobil Defies Oil Slump with Aggressive $20 Billion Buyback, Signals Unwavering Dividend Commitment

While the energy sector retrenched amid falling crude prices, ExxonMobil executed a massive $20 billion share repurchase program in 2025, underlining its financial muscle and commitment to shareholder returns. The oil giant also reported earnings that beat estimates, driven by record production in the Permian Basin and Guyana, even as it takes a hardline stance on reinvesting in Venezuela.

Feb 2, 2026

Business

Markets Edge Higher Amid Earnings Anticipation; Oil Prices Slide on Geopolitical, Demand Concerns

U.S. stocks advanced cautiously Monday as investors braced for a wave of corporate earnings reports, while crude oil prices tumbled sharply. The focus remains on key tech results and evolving geopolitical developments affecting global trade and energy markets.

Feb 2, 2026

Business

Venezuela's Oil Ambitions Face Reality Check as Exxon, Chevron Hold Back New Investment

Despite political pressure and vast reserves, U.S. oil majors ExxonMobil and Chevron are taking a cautious stance on new spending in Venezuela, demanding legal stability and fiscal reforms before committing fresh capital, even as they signal long-term interest.

Jan 30, 2026

Business

Venezuela's Oil Sector: Exxon, Chevron Signal Cautious Interest Amid Political Shifts

U.S. oil giants ExxonMobil and Chevron hinted at a potential future role in Venezuela's energy revival during earnings calls, emphasizing the need for legal stability and clearer political outcomes before any major commitments. While sanctions ease and new legislation emerges, the path to significant investment remains long and fraught with uncertainty.

Jan 30, 2026

World

U.S. Lifts Tariffs on India in Exchange for Pivot Away from Russian Oil

In a significant diplomatic and economic shift, the Trump administration has agreed to slash tariffs on Indian goods after securing a commitment from New Delhi to phase out purchases of Russian crude oil.

Feb 2, 2026

World

Oil Markets Shed Geopolitical Risk Premium as U.S.-Iran Talks Loom

Crude oil futures fell sharply on Monday, erasing recent gains tied to Middle East tensions, as the prospect of renewed diplomatic talks between Washington and Tehran eased fears of a major supply disruption.

Feb 2, 2026

Business

Venezuela's Oil Exports Surge in January as U.S. Eases Sanctions, Data Reveals

Venezuelan oil exports jumped to nearly 800,000 barrels per day in January, rebounding from a low of 498,000 bpd in December, following a U.S. policy shift that allowed key traders to resume shipments, according to tanker tracking data.

Feb 2, 2026

Business

Exxon Mobil's Q4 Beat Fueled by Permian, Guyana Output; But Is the Stock Still a Buy?

Exxon Mobil's fourth-quarter results surpassed expectations, driven by record production in the Permian Basin and Guyana alongside significant cost savings. While the strong performance has propelled the stock higher, analysts are divided on whether its current valuation fully prices in future growth or exposes investors to downside risk.

Feb 2, 2026

Business

Oil Prices Tumble as Geopolitical Tensions Cool, Broader Commodities Rout Weighs

Crude oil benchmarks plunged over 7%, with Brent near $66 and WTI around $62, as President Trump's comments eased fears of a U.S.-Iran conflict and a sell-off in metals markets spilled over. Analysts suggest the drop reflects a rapid unwinding of risk premiums rather than a fundamental change in supply dynamics.

Feb 2, 2026

Business

Murphy Oil Navigates Price Volatility, Bets Big on Vietnam and Offshore Growth in 2026

Despite a challenging price environment, Murphy Oil (MUR) reported strong operational execution for 2025 and laid out a capital plan focused on funding key international and offshore projects. While near-term production is set to dip, CEO Eric Hambly highlighted a transformative discovery in Vietnam and strategic portfolio expansion as pillars for future growth.

Jan 30, 2026

World

Venezuela Opens Oil Sector to Private Investment in Major Policy Shift

In a landmark move, Venezuela's parliament has passed reforms to its hydrocarbons law, easing state control and aiming to lure back foreign capital to its struggling oil industry, coinciding with a partial easing of U.S. sanctions.

Jan 30, 2026

US

Venezuela's Oil Heartland Weighs U.S.-Backed Reforms: A Gamble on Revival or Empty Promise?

In the oil-rich state of Zulia, PDVSA workers and pensioners view sweeping industry reforms, enacted after U.S. political intervention, with a volatile mix of fragile hope and deep-seated skepticism. While some anticipate long-awaited economic relief, others dismiss the changes as political theater unlikely to reverse decades of decline.

Feb 2, 2026

World

Trade Tensions Thaw: U.S. and India Strike Deal After Tariff Standoff Over Russian Oil

Following months of escalating tariffs, the U.S. and India have reached a tentative trade agreement. The deal, announced by former President Trump, reportedly includes a commitment from New Delhi to shift its oil imports away from Russia.

Feb 2, 2026

Business

UAE's Non-Oil Trade Surpasses $1 Trillion, Narrows Gap with Saudi Arabia in Economic Diversification Race

The United Arab Emirates has achieved a milestone in its economic transformation, with non-oil trade exceeding $1 trillion for the first time in 2025. This rapid growth is closing the export gap with regional heavyweight Saudi Arabia, as both Gulf states accelerate their push beyond hydrocarbons.

Feb 2, 2026

Business

Piper Sandler Lifts Diamondback Energy Target to $218, Citing Permian Basin Strength Amid Volatile Oil Pricing

Analysts at Piper Sandler have increased their price target for Permian Basin-focused producer Diamondback Energy (FANG) to $218, maintaining an Overweight rating. The move comes as the firm anticipates solid Q4 results for gas-focused companies, while oil producers navigate a tougher pricing environment.

Feb 2, 2026

Business

Magnolia Oil & Gas Boosts Dividend Payout, Signaling Confidence Amid Industry Scrutiny

Magnolia Oil & Gas Corporation announces a dividend increase to $0.165 per share, as strong earnings growth and a sustainable payout ratio paint an optimistic financial picture for the Houston-based independent producer.

Feb 2, 2026

World

Trump's Tariff Threat on Cuba Oil Puts Mexico in Diplomatic Bind

Mexico faces a delicate balancing act as U.S. tariff threats targeting nations supplying oil to Cuba pressure a key trading partner to choose between economic interests and regional solidarity.

Feb 2, 2026

World

Markets Retreat as AI Bubble Fears Resurface, Oil Prices Tumble

Global markets stumbled on Monday, with Asian shares and U.S. futures declining sharply. The sell-off was led by a significant pullback in South Korean tech stocks amid renewed concerns over an AI sector bubble, while oil prices dropped over $2 per barrel.

Feb 2, 2026

Business

IonQ Bets $1.8 Billion on Vertical Integration with SkyWater Acquisition, Aims to Accelerate U.S. Quantum Chip Development

In a major consolidation move within the quantum computing sector, IonQ has announced a definitive agreement to acquire U.S.-based semiconductor foundry SkyWater Technology for $1.8 billion. The deal aims to create a domestically controlled, vertically integrated platform to speed up the development and production of advanced quantum processors, citing both technological and national security imperatives.

Jan 31, 2026

Business

Imperial Oil Caps 2025 with Record Cash Flow and Major Dividend Hike, Weathers Operational Headwinds

Imperial Oil Ltd. reported robust fourth-quarter results, generating nearly $1.4 billion in free cash flow and announcing its largest-ever nominal dividend increase. Despite weather disruptions at its Kearl oil sands operation, the company highlighted record annual production and a disciplined capital return strategy that saw $4.6 billion returned to shareholders in 2025.

Jan 31, 2026