Ovintiv
Coverage of Ovintiv in the Nexus archive.
- Ovintiv: Q2 Earnings Snapshot
Ovintiv Inc. reported second-quarter net income of $456 million with $1.62 per share, missing Wall Street's $1.91 per share earnings expectation. The company's revenue of $3.01 billion exceeded forecasts of $2.35 billion.
- Pump pain, Wall Street gain: Iran war sends U.S. oil profits, stocks soaring as the big winners
The Iran war has boosted U.S. oil producers and refiners, with stock prices rising 20%-70% this year due to higher crude prices and demand. Analysts suggest elevated prices may persist through 2027-2028, driven by global reserve rebuilding and geopolitical shifts. Companies like Chevron, Exxon Mobil, and U.S. shale producers have seen significant gains.
- The Trump EPA Official in Charge of Methane Regulations Helped Write an Oil Industry Argument Against Those Rules
Aaron Szabo, a Trump-era EPA official overseeing methane regulations, previously worked as an oil industry lobbyist against similar rules. His past lobbying efforts for the American Exploration and Production Council are now under scrutiny as he shapes EPA climate policies.