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Search resuls for: "Biraj Borkhataria"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC: The upside case on Chevron could be the base case depending on the speed of the buyback programBiraj Borkhataria, head of European energy research at RBC Capital Markets, says oil companies like Chevron and ExxonMobil are doing what shareholders are asking them to: be disciplined, don't chase high prices and stick to their plan.
It holds a 19.4% stake in gas producer Novatek and minority holdings in liquefied natural gas (LNG) projects Yamal LNG and Arctic LNG. "Under these circumstances, the board of directors of TotalEnergies has decided to withdraw the representatives of the company from the board of PAO Novatek with immediate effect." "The stake in Novatek was, in our view, potentially the least arduous of TotalEnergies' interests to exit." He said he did not expect TotalEnergies to exit Yamal LNG and believed the decision would not impact Novatek dividend payments to TotalEnergies. It said the Novatek write-off also meant it would no longer book related reserves, with an impact on the company's reported proved reserves at the end of 2021 of 1.7 billion of barrels.
Dec 8 (Reuters) - Exxon Mobil Corp (XOM.N) on Thursday said it will lift capital spending next year by about 10%, to between $23 billion and $25 billion, and boost share buybacks. Exxon is distributing more cash to shareholders than it is investing in new production - $30 billion between share buybacks and dividends this year. Exxon aims to raise oil and gas production to a record 4.2 million barrels of oil equivalent per day (boepd) by end-2027. Most of the 500,000 boepd increase is expected to come from Guyana, the United States and Brazil. This year's target is down from the 3.8 million boepd Exxon set a year ago.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC: It will be even harder for European countries to refill natural gas storage in 2023 than it was this yearBiraj Borkhataria, head of European energy research at RBC Capital Markets, discusses the outlook for natural gas and LNG storage for the region, and whether countries will need to scramble again in 2023 to refill supplies.
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