COP, CVX -- June 18, 2023

Locator: 44974INV.

Over at Yahoo!Finance, three Bakken stocks highlighted: Hess, MRO, and COP (BR).

• article noted that MRO has 240,00 net acres in the Bakken
• MRO plans to bring 70 - 80 wells to sales (production) in 2023

Also over at Yahoo!Finance, the top 20 most profitable energy companies in the world.

Stories here.

Also, here.

The Motley Fool:  

Also:

• three oil companies with incredibly strong balance sheets. Over at Yahoo!Finance:

• PXD
• CVX
• XOM

Also, CVX and PDC, at Yahoo!Finance:

• PDC Energy's carbon intensity is currently around half of Chevron's 2028 target! As an example, there is "zero routine flaring" in the basin in which PDC Energy operates. So with this move, Chevron is not only increasing its reserves, but it is also reducing the carbon intensity of its business, speeding up its efforts to reach that 2028 goal.

PDC: fourth quarter and full year.

• total production: 250,000 bopd
• adjusted cash flow: $600 million/ 4Q22; $2.5 billion / year;
• free cash flow: $1.4 billion / year;
• base and special dividends: $1.00 / share (4Q22); $1.95 / share for full year 2022;
• SEC proved reserves, estimated, y/e 2022:
• 1,100 MBoe
• $15.0 billion
• discounted pre-tax PV-10 value of $19 billion
• regulator approved the company's Guanella comprehensive area plan:
• 33,000 net acres
• 22 locations
• 450 wells
•  Weld County, Colorado

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All my posts are done quickly: there will be content and typographical errors. If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them. 

Again, all my posts are done quickly. There will be typographical and content errors in all my posts. If any of my posts are important to you, go to the source.