SPDR S&P Oil & Gas Explor & Product (XOP)

Natural gas on the Nymex had a negative week before closing 7.3% lower than the previous one at $3.81.

The company reported quarterly net revenue of $2.50 billion, which topped Wall Street’s estimated $2.31 billion.

The oil and gas producer also said it would lay off about 10% of its workforce across all levels of the organization.

The company’s CEO, Tom Jorden, said the oil and gas producer expects to restart its Marcellus development program in the coming months.

The oil and gas producer said it would look to resume share buybacks in 2025.

On an adjusted basis, the company reported earnings of $0.80 per share, compared with Wall Street’s expectations of $0.67 per share.

Last week, I made a post called

The company’s fourth-quarter production surged to 848,000 barrels of oil equivalent per day (boepd), compared with 662,000 boepd in the year-ago quarter.

Elliott Investment Management made several portfolio moves in the fourth quarter, closing multiple options positions and shaking up the activist firm's technology exposure.

The company’s total sales volumes rose to 605 billion cubic feet equivalent (bcfe) of gas from 564 bcfe a year earlier.

Trump’s talks with Putin shift global power, sidelining Europe and impacting energy markets. Oil prices drop on sanctions relief prospects, LNG trade faces uncertainty, and China watches.

The refiner lost $3.89 per barrel of throughput in terms of its fourth-quarter gross refining margin compared with $1.04 per barrel in earnings last year.

Trump insists that there has been support for his plan to turn Gaza into a resort, though most world leaders criticized his plan.

The company unveiled a corporate reorganization and cost-reduction initiative, planning savings of up to $50 million annually.

Talos has been looking to permanently fill the CEO position since founder Tim Duncan quit in August last year.

Natural gas on the Nymex had a negative week before closing 10% lower than the previous one at $3.07. EIA reported on Thursday a bullish, nonetheless, draw of 321 Bcf in working underground stocks for the week ended January 24.

Trump's first day in office saw executive orders on immigration and energy, withdrawal from global agreements, and tariff threats. Market reactions varied.

Trump declares national energy emergency, vows to drill, baby, drill. Stocks rise, but experts warn of oversupply risk and short-term price drop.

Natural Gas on the Nymex had a very positive week closing 19.1% higher than the previous one at $3.98.

Oil stocks and prices are rising due to strict U.S. sanctions on Russian oil. Watch these ETFs tracking oil futures and energy stocks.

The U.S. is set to impose tough sanctions on Russia's oil industry according to a leaked Treasury document, per Reuters. These sanctions are expected to disrupt Russian oil exports to India and China, pushing global oil prices higher.

As 2024 concludes, financial experts brace for potential 2025 turmoil reminiscent of 2008.

If XOP can finish its head and shoulders top, it could mean an even more powerful push lower for oil production companies.

A ceasefire agreement comes as the balance of power in the Middle East changes. This week, Israel seized the buffer zone as Bashar al-Assad's rule in Syria collapsed.

Natural Gas on the Nymex had a volatile week before closing 2.4% higher than the previous one at $3.36. EIA reported on Wednesday a rather bearish draw for this time of year of only 2 Bcf in working underground stocks for the week ended November 22.