Permian Basin

Devon and Coterra shareholders overwhelmingly approve merger. Combined company to form premier large-cap shale operator closing May 2026.

Black Stone Minerals posted 34,700 BOE/day production in Q3 2025, up 5% sequentially, with $91.7M net income and $1.20 annualized distribution.

Chevron's Q1 net income fell to $2.8B despite 15% production growth, hit by $2.9B derivative timing effects and supply disruptions, though operations and refining reached record levels.

Enterprise Products Partners ($EPD) gains 20% in 2026 with 6-7% dividend yield, but analysts suggest fair valuation warrants waiting for better entry points.

ConocoPhillips posted Q1 2026 earnings of $1.89/share, beating expectations amid $50.36/BOE oil prices, with $25B projected cash flow fueling expansion and shareholder returns.

ConocoPhillips beats Q1 earnings expectations but production declines 80 MBOED. CEO warns Middle East conflict poses global economic risk.

$REPX declares $0.40 quarterly dividend payable May 13, 2026; Q1 earnings release scheduled May 6 with May 7 conference call.

Diamondback Energy prices tender offers for $992M in senior notes maturing in 2051-2052, seeking to refinance debt at strategic prices.

Occidental Petroleum slides 14% to $58 on Iran ceasefire, but investment case remains intact if oil holds above $80/barrel. Analysts project 26% EPS growth through 2028.

ExxonMobil surges 30% in 12 months on elevated oil prices. Stock could gain another 10% if prices hold, supported by Permian and Guyana growth.

Crescent Energy, Viper Energy Partners, and Unum Group outperform amid S&P 500 decline, offering attractive dividend yields and growth potential.

Chevron positioned for 16% EPS growth through 2028 via Tengiz, Permian, and deepwater projects, with $300 price target implying 50% upside. Stock dependent on oil prices and project execution success.

Chevron and Engine No. 1 plan $7B natural gas plant for Microsoft's AI data center in West Texas, monetizing Permian Basin excess gas.

Resilient Energy negotiates second acquisition as first deal nears closing, targeting produced water management growth in Permian Basin.

Goldman Sachs raises oil price forecasts to $80-$100/barrel for 2026, naming seven energy stocks as winners positioned to benefit from higher crude prices and strong cash flow generation.

Oil prices above $100 spark renewed interest in energy stocks. ExxonMobil, Schlumberger, and Enterprise Products Partners emerge as compelling opportunities amid geopolitical tensions.

Atlas Energy Solutions pivots from proppant supplier to AI power provider, signing $840M deal with Caterpillar to build 2 gigawatts of capacity by 2030.

Oil approaches $100/barrel amid Middle East tensions. Diamondback Energy and Valero Energy positioned to benefit from elevated prices and widened refining margins.

Chevron and Diamondback Energy offer contrasting dividend strategies as oil prices surge. Chevron provides stable 3.6% yield with 39-year dividend growth; Diamondback offers upside leverage to high oil prices.

Permian Basin Royalty Trust cuts March distribution to $0.010662 per unit due to lower oil volumes and prices. Waddell Ranch properties remain unprofitable.