By Paul Sankey
Published on March 2, 2022 at 8:37 AM
Extraordinary times: In the great energy regression that has massively further regressed with the Russian invasion of Ukraine, it was somewhat surreal to watch Chevron’s Colin Parfitt (VP Midstream) conclude at the company’s analyst meeting yesterday at the NYSE, that we need more export capacity in the US, particularly for natural gas, and for the company then to confirm $10bn of spending on New Energy Ventures over the next decade, on hydrogen, carbon capture, and […]
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By Paul Sankey
Published on February 3, 2022 at 9:39 AM
Strategy Session this tonight 4:30pm with Joe Gorder, Valero Chairman & CEO; Lane Riggs President & COO; Jason Fraser, EVP, CFO; Homer Bhullar, VP IR & Finance. https://www.sankeyresearch.com/2022-refining-conference/ After big volume (Permian) growth numbers from ExxonMobil and Chevron over the past week, today ConocoPhillips held the line with capex guidance in line with previous guidance at $8.2bn. CEO Ryan Lance has said that the company will grow when there is no spare capacity in the […]
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By Paul Sankey
Published on January 30, 2022 at 4:41 PM
Before we argue that Big Cap tech can stabilise the market here, on a fast & personal take of last week’s and next week’s earnings, in recognition that we need to focus on mega-themes, the latest population data from China is extremely important. NYT January 17th, 2022: China announced on Monday that its birthrate plummeted for a fifth straight year in 2021, moving the world’s most populous country closer to the potentially seismic moment when […]
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