TOTALTEC’s Post

Despite exceeding earnings expectations this quarter, ExxonMobil has seen a downward trend in profitability since 2022, aligning closely with broader declines in oil prices. This trend brings up important questions about Exxon's long-term positioning, especially when viewed alongside competitors like Chevron and Occidental Petroleum. 🔍 Market Comparison: Exxon vs. Chevron vs. Occidental Petroleum In recent quarters, the performance trajectories of these three energy giants have highlighted the complexities of navigating an evolving oil and gas landscape: ExxonMobil: Although Exxon has delivered solid top-line numbers, its profitability margins have been squeezed. Key pressures include fluctuating oil prices and a high reliance on upstream operations. The company has been exploring strategies to offset this through investments in lower-carbon technologies, but the path forward remains challenging as market dynamics shift. Chevron: Chevron, on the other hand, has taken a slightly different approach, balancing its oil-focused operations with substantial investments in renewable energy initiatives and carbon capture technology. This diversified approach has positioned Chevron with a more stable revenue stream, even as traditional oil prices vary. Occidental Petroleum: Known for its strategic acquisitions, notably Anadarko, Occidental has been focusing heavily on carbon capture and sequestration (CCS) projects. This has allowed OXY to gain a unique foothold in carbon reduction, appealing to investors who are increasingly looking for climate-friendly energy companies. 📈 The Road Ahead The broader energy sector continues to grapple with the twin challenges of profit growth and a global push for sustainable practices. For Exxon and its peers, the question becomes how quickly and effectively they can pivot to cleaner energy while maximizing shareholder value in the traditional oil space. Given the recent earnings calls and the trajectory of crude prices, it will be fascinating to watch how Exxon, Chevron, and Occidental steer through this transition period. Would love to hear your thoughts—how are you approaching energy stocks in your portfolio? https://lnkd.in/grCQhziE

Chevron Reports Lower Q2 Earnings! What About Its Emissions? Is Chevron's emission reduction plan enough to make a change >>  https://lnkd.in/gjqZasYG Chevron allocated $6.0 billion to shareholders during the quarter, including $3.0 billion in dividends and $3.0 billion in share repurchases. #chevron #gas #fuel #oil #carboncredits #carbonoffsets #carbonpricing #carbonscapture #carbonmarkets #carbonnews #carbonprices #ccs #ccus #cdr #climatechange #cleanenergy #decarbonization #emissionsreduction #energytransition #esg #greenhydrogen #ghgemissions #netzero

*** ExxonMobil reports 17% surge in Q2 net income to $9.24bn *** • ExxonMobil has reported net income of $9.24bn for Q2 2024, a 17.2% increase from the $7.88bn reported in the corresponding period of 2023 • This growth reflects higher sales and operating revenue, which climbed to $89.98bn from $80.79bn year-over-year • During Q2, ExxonMobil’s total revenues and other income increased to $93.06bn from the $82.91bn achieved in the same quarter of the previous year • For the first half of 2024, the company’s total revenues and other income stood at $176.14bn, up from $169.47bn in the prior year #upstream #exxonmobil #oil #gas #hydrocarbons

Chevron Reports Lower Q2 Earnings! What About Its Emissions? Is Chevron's emission reduction plan enough to make a change >>  https://lnkd.in/gfAVSKsz Chevron allocated $6.0 billion to shareholders during the quarter, including $3.0 billion in dividends and $3.0 billion in share repurchases. #chevron #gas #fuel #oil #carboncredits #carbonoffsets #carbonpricing #carbonscapture #carbonmarkets #carbonnews #carbonprices #ccs #ccus #cdr #climatechange #cleanenergy #decarbonization #emissionsreduction #energytransition #esg #greenhydrogen #ghgemissions #netzero

ExxonMobil and Chevron have unveiled their latest #earnings, showing significant developments in the #energy sector. #ExxonMobil reported robust second-quarter profits, while #Chevron encountered earnings below expectations, impacted by tighter refining margins and the loss of previous tax benefits.   “We haven’t seen the broader market embrace energy again like they did in 2021 and 2022. Until they do, [energy] is just a proxy against other parts of the market.” - Dan Pickering, CIO, Pickering Energy Partners   At Pickering Energy Partners, we remain committed to providing insightful analysis to help navigate these market dynamics. Read the full article on by Collin Eaton of The Wall Street Journal on Yahoo Finance: https://lnkd.in/gRMhXSmp   #danpickering #energysector #oil #gas #energyinvesting #pickeringenergypartners #yahoofinance

Upstream oil and gas companies have been on an M&A tear of late. What is driving this? An increased emphasis on energy security and a concurrent belief that hydrocarbon usage is not going away anytime soon. #energy #mergersandacquisitions #energysecurity

If sentiment could be bottled and cellared, one might think the upstream commentary from Western majors’ second-quarter earnings calls was a vintage pulled from a prior decade. Palpable excitement surrounded newly or soon-to-be approved projects, while growth plans were heralded without equivocation — including for oil. The US majors’ multibillion-dollar upstream deals still draw a trans-Atlantic dividing line on the size of oil and gas bets being cast, but underlying production growth plans across the group are converging once more. This dynamic, in part, reflects the post-Ukraine energy order that has offered breathing room for oil and gas reinvestment. But seeing the trend exclusively through a lens of eased transition strategies would miss a larger story... >> https://bit.ly/3YBWhgT * Full article, no subscription needed #earningsseason #bigenergy #corporatestrategy #capex #upstream #deepwater #shale #competitiveintelligence

ExxonMobil's CEO, Darren Woods, takes a bold stance amid growing tensions between the traditional energy sector and ESG-driven investment strategies. In a notable shift from pandemic-era challenges, ExxonMobil is witnessing a resurgence, underpinned by strategic legal actions, aggressive expansion into shale oil, and a reiteration of the indispensable role of fossil fuels in the foreseeable future. Despite the controversy, Exxon's approach is gaining traction on Wall Street, reflecting a broader reevaluation of ESG commitments against the backdrop of energy security concerns and geopolitical tensions. As the company commits to significant dividends and a $60 billion acquisition to dominate the US shale industry, the debate intensifies over the true cost and pathway to a net-zero future. Woods’ outspoken views on the financial and societal challenges of the energy transition highlight a critical juncture for the industry, as it navigates investor expectations, environmental responsibilities, and the complex reality of global energy demands. #energytransition #esginvesting #oilandgasindustry

"The company has also scaled back its low-carbon hydrogen investments and plans to sell its U.S. onshore wind operations. Auchincloss said on Tuesday BP will bring in partners to offshore wind projects over time. BP's oil and gas production rose by 3% from a year earlier to 2.38 million barrels of oil equivalent per day, helping to offset a drop in refining margins and weaker oil trading. Higher natural gas prices further boosted earnings, although gas trading was average in the quarter, BP said. Global oil refiners are seeing profitability drop to multi-year lows in a sharp reversal for an industry that had enjoyed surging post-pandemic returns, underlining the extent of the current demand slowdown. "Refining margins are dismal right now. The third quarter was a tough quarter, and the start of the fourth quarter is pretty bad as well," Auchincloss told Reuters."

A reminder of what USP and competitive advantage is all about in the OIL and Gas E&P Sector. Whilst Ex CEO of BP - Looney -was trailblazing a path to wind and other non oil and gas investments with no particular USP or competitive advantage other than pots of money to spend.... er... regrets now or digging deeper? EXXON focused on G&G and acreage acquisition and look what they've done with their money: They made another oil and gas discovery in their Stabroek block offshore Guyana bringing the total number of successful wells, with more than 11 billion barrels of oil recoverable.The Bluefin well encountered 197 ft of hydrocarbon bearing sandstone and was drilled in 4,244 ft of water. Thats the sort of story investors prefer over B.P.'s ESG stuff. A takeover looming- sooner or later?