Released October 28, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
FINANCIAL
EQT to Buy Chevron Appalachia Assets - EQT Corporation (NYSE:EQT) announced that it has entered into a definitive purchase and sale agreement with Chevron (NYSE:CVX) under which EQT will acquire Chevron's upstream and midstream assets located in the Appalachian Basin for $735 million. The transaction is expected to close late in the fourth quarter of 2020. (PR Newswire)
EARNINGS REPORTS
BP Swings Back to Profit - BP (NYSE:BP) swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and continued to weigh on fuel demand and refining profits. BP reported a $86 million underlying replacement cost profit, the company's definition of net income, for the three months ending September 30. It followed a record $6.7 billion loss in the previous quarter. (Reuters)
ONEOK Grows Net Income - Midstream operator ONEOK (NYSE:OKE) reported third-quarter 2020 net income of $312.3 million, compared with $309.2 million in the prior-year quarter. (PR Newswire)
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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
FINANCIAL
EQT to Buy Chevron Appalachia Assets - EQT Corporation (NYSE:EQT) announced that it has entered into a definitive purchase and sale agreement with Chevron (NYSE:CVX) under which EQT will acquire Chevron's upstream and midstream assets located in the Appalachian Basin for $735 million. The transaction is expected to close late in the fourth quarter of 2020. (PR Newswire)
EARNINGS REPORTS
BP Swings Back to Profit - BP (NYSE:BP) swung back to a small profit in the third quarter but warned the pace of recovery from the pandemic remains uncertain and continued to weigh on fuel demand and refining profits. BP reported a $86 million underlying replacement cost profit, the company's definition of net income, for the three months ending September 30. It followed a record $6.7 billion loss in the previous quarter. (Reuters)
ONEOK Grows Net Income - Midstream operator ONEOK (NYSE:OKE) reported third-quarter 2020 net income of $312.3 million, compared with $309.2 million in the prior-year quarter. (PR Newswire)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
