Tag: energy stocks

Canada's Toronto Stock Exchange clawed its way back from earlier declines on Tuesday, with energy stocks offsetting weakness in the financial industry after Barclays downgraded numerous bank stocks. The Toronto Stock Exchange's S&P/TSX composite index ended the day 0.58 higher at 20,585.73. The TSX's financials...

Cheniere Energy Inc. reported a record first quarter profit despite being faced with falling natural gas prices. The company drew a net income for the period attributable to common stockholders of $5.4 billion, thereby beating estimates by a wide margin, the company confirmed in...

BP reported on Tuesday that it hit a record profit of $28 billion for 2022, thereby exceeding the previous record profit of $26 billion in 2008. Shares in the company gained 5% on Tuesday morning following the announcement. In addition to increasing its annual profit,...

Shell shares gained 3% on Thursday morning after the company posted a record $40 billion profit for 2022. The oil and gas major's profits, which were almost double that from the previous year, came as Russia's invasion of Ukraine drove a surge in energy...

Oman energy firm OQ SAOC intends to sell 49% of its oil drilling unit Abraj Energy Services SAOC in an initial public offering, the company confirmed in a statement. "We believe the company’s future is very bright, not least because it is already prequalified in...

Solar energy technology provider Nextracker Inc. filed for an initial public offering (IPO) on Friday with the US Securities and Exchange Commission. This comes as a growing amount of potential listings indicates a warming of the U.S. energy market. According to the company's listing, Nextracker...