Alfonso R. Reyes’ Post

Only put off until tomorrow what you are willing to die having left undone. Europe's largest oil company, Shell plc, has announced impressive third-quarter 2024 earnings, surpassing market expectations. The company reported earnings per ADS of $1.92, exceeding the Zacks Consensus Estimate of $1.72. This marks a significant improvement compared to the earnings from the same period last year. Shell's success can be attributed to high liquefied natural gas (LNG) sales, which helped offset challenges in refining operations. The company's ability to adapt to market conditions and capitalize on the growing demand for LNG demonstrates its resilience and strategic vision. Investors interested in growing their Health Savings Accounts (HSA) should take note of Shell's performance. By investing in companies that continue to generate strong earnings even in challenging times, investors can secure their financial future while simultaneously supporting essential healthcare services. Don't miss out on the opportunity to maximize the growth potential of your HSA. Act now to leverage the power of investing in healthcare and secure a brighter future for yourself and your loved ones. #hsa #investing #healthcare #health #family #wellness 💪📈💼

Another day, another mega-deal between top-tier oil and gas producers — or so it seems. Now, it’s ConocoPhillips and Marathon Oil’s turn, and you’d be hard-pressed to find a more logical pairing among the ever-shrinking list of big E&Ps that hadn’t already found a partner during the ongoing frenzy to consolidate. In today’s blog, we examine ConocoPhillips’s newly announced, $22.5 billion agreement to acquire Marathon Oil and discuss why they’re such a good fit. https://lnkd.in/gUAF-9pG

"We delivered one of our strongest third quarters in a decade," declared Darren Woods, Chairman & CEO of ExxonMobil. Despite a 6.8% dip in earnings from Q2, ExxonMobil’s Q3 CY2024 results reflect the power of strategic integration across the energy value chain: 🔹 Earnings: $8.6 billion - Upstream: $6.158 billion (-13% from Q2) - Refinery: $1.309 billion (+38% from Q2) - Petchem: $0.893 billion (+14.6% from Q2) - Specialty/Niche Chemicals: $0.794 billion (+5.7% from Q2) 🔹 Cash Flow from Operations: $17.6 billion 🔹 Free Cash Flow: $11.3 billion 🔹 Highest Liquids Production in 40+ Years: 3.2 million barrels/day This success, achieved despite declining industry refining margins and natural gas prices, showcases ExxonMobil’s resilience. By tightly integrating operations—from exploration to refining to advanced chemicals—they’ve created a fortress against market volatility. 🔥 Key Insight: Strategic diversification in the entire value chain (Upstream to Refinery to Petchem to Niche Chemicals) fuels stability. ExxonMobil’s sharp focus on high-return opportunities ensures they thrive in every storm, setting a benchmark for energy giants globally. What lessons can industries draw from ExxonMobil’s value-chain integration? Share your thoughts! 👇 #Exxonmobil

The world's top international oil companies (IOCs) have sold assets worth $290 billion from 2015 to 2023, in response to increasing investor and public demand for decarbonization. These IOCs are investing in low-carbon businesses, while divesting from high-carbon assets, with Shell leading the way with $71 billion in divestment proceeds. However, there's been a slowdown in their capital allocation to low-carbon sectors in 2023, and an increase in capital expenditure for the upstream segment, suggesting a recalibration of their transition strategies. Meanwhile, around 70% of these assets are being bought by smaller oil producers, potentially negating the positive environmental impacts of the divestments. The shift of big oil companies towards decarbonization and the energy transition represents a significant step in addressing climate change. However, the recent trend of these companies divesting their high-carbon assets to smaller, less climate-conscious producers raises a critical question: Are we truly making progress, or are we simply passing the buck? #ioc #divestments #decarbonization

ExxonMobil expects robust #global #oildemand to continue through midcentury despite #energytransition pressures on #fossilfuels — and is attuning its #strategy accordingly. #corporatestrategy #oildemand #gassupply #earnings #lngprojects

Read the Q3 ExxonMobil earnings release presenting their strong performance, highest production ever at 3.2mmbopd avg, Guyana with a key role. https://lnkd.in/dkzhffsP #guyana #exxonmobil #Hess #Chevron #cnooc #energy #offshore #deepwater #oilexploration #oilandgasindustry #oilfield  #oilproduction #oilfieldservices #subsea #subseaengineering

ExxonMobil is revving up production to 4.2mn boe/d by 2027, eyeing a jump from 3.8mn boe/d this year. CEO Darren Woods is all about those "advantaged" projects in Guyana and the Permian, chasing profitable growth with low-cost barrels! Critics beware! Woods' "counter-cyclical" moves pre and during the pandemic are paying dividends, with $10.1bn in savings already - aiming for $15bn by 2027. 👉 Story by Stephen Cunningham: https://okt.to/sJNBov 𝗦𝘁𝗮𝘆 𝗰𝘂𝗿𝗿𝗲𝗻𝘁 𝘄𝗶𝘁𝗵 𝗔𝗿𝗴𝘂𝘀 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿𝘀: https://okt.to/vdm6o8 #crudeoil #oilgas #crudeproduction

Interesting Acquisition. More consolidation in the oil and gas market.

Wow. News. ⚡️Acquisition of Marathon Oil Corporation is expected to be immediately accretive to earnings, cash flows and return of capital per share. ⚡️- ConocoPhillips expects to achieve at least $500 million of run rate cost and capital savings within the first full year following the closing of the transaction. ⚡️ Independent of the transaction, ConocoPhillips expects to increase its ordinary base dividend by 34% to 78 cents per share starting in the fourth quarter of 2024. ⚡️Upon closing of the transaction, ConocoPhillips expects share buybacks to be over $20 billion in the first three years, with over $7 billion in the first full year, at recent commodity prices.

BP Reports Steady Q3 2024 Performance Amid Focus on Efficiency and Growth BP (British Petroleum) has released its third-quarter 2024 financial results, highlighting stable performance across its upstream and downstream operations, alongside strategic investments aimed at enhancing growth and sustainability. In Q3 2024, BP reported resilient upstream production levels at 2.4 million barrels of oil equivalent per day (mmboe/d), with a notable 95.6% refining availability. The oil giant achieved an underlying replacement cost (RC) profit of $2.3 billion, down from $2.8 billion in Q2 2024, influenced by softer refining margins, lower liquids realizations, and weaker oil trading results, partially offset by improved gas realizations. Despite the challenges, BP maintained a 42% effective […] - https://lnkd.in/dtdQsHCk #automotive #evs #ev #electricmobility #emobility #ebikes #fleets #evfleet #evnews #autonews #electricvehicles #electricvehicle #automotiveindustry #automotivejobs #cleantech #cleanenergy #hydrogen #lithium #evbattery #sustainability #climatechange #bp #europe #greenenergy #growth #sustainability #unitedkingdom