Page 16 - Stabroek News Today

                      Vallourec wins another major order from...

We expect Exxon Mobil stock to likely trade lower with revenue and earnings both missing market expectations marginally.

Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production in Guyana and the Bakken.

Considering the current uncertainty surrounding Chevron's (CVX) acquisition of Hess, we can say that ExxonMobil (XOM) is on a better footing than Chevron ahead of Q1 earnings.

OPEC Secretary General Haitham Al Ghais said in a statement on Wednesday that the group is looking forward to the prospect of a partnership with Namibia

Suriname's oil boom hopes are back on track with TotalEnergies and APA planning to make the final investment decision on the Block 58 project by the end of 2024, targeting first oil in 2028.

Portugals oil company Galp Energia shares skyrocketed on Monday after the company announced that the first phase of its exploration in the Mopane field in offshore Namibia could contain some 10 billion barrels of oil.

Investors are advised to avoid purchasing ExxonMobil (XOM) before the release of its Q1 earnings and, instead, closely monitor the stock for a more opportune entry point.

Surinames oil boom hopes are back on track with TotalEnergies and APA planning to make the final investment decision on the Block 58 project by the end of 2024, targeting first oil in 2028.

These two oil stocks are attractive, but they might not necessarily be the best way for retail investors to play the energy sector.