Energy Sector

This report covers several key market trends: Amazon’s stock surge driven by AWS growth and increased capital expenditure in AI, Apple’s steady performance with moderate AI investment and strong iPhone 17 sales, and Netflix’s stock split aimed at boosting retail investor participation. The U.S. government shutdown is impacting airlines and costing billions. Chevron outperformed expectations, while Exxon Mobil’s revenue fell short. Automakers are bracing for a semiconductor shortage due to geopolitical tensions. Finally, chocolate prices have surged, impacting Halloween candy sales.

Cognizant is partnering with SmartestEnergy to enhance its cybersecurity defenses with Managed Extended Detection & Response (MXDR) and a 24/7 Security Operations Centre (SOC). This collaboration aims to protect SmartestEnergy’s critical infrastructure and customer data amidst increasing cyber threats targeting the energy sector. Cognizant will provide continuous monitoring, proactive threat hunting, and rapid incident response, leveraging AI-powered analytics to bolster resilience and ensure business continuity as SmartestEnergy expands its operations and supports the transition to net-zero emissions.

Golar LNG Limited (GLNG) announced its Q1 cash dividend, highlighting the company’s confidence in its performance amid global LNG market volatility. Key dates like the ex-dividend, record, and payment dates are crucial for investor eligibility. This payout reflects Golar’s capital allocation priorities and strategic direction. Analyzing financial statements and earnings calls will provide insights into the company’s long-term strategy and dividend sustainability. This dividend announcement offers a valuable data point for investors in the evolving energy sector.

Patterson-UTI Energy, Inc. (NASDAQ: PTEN) will release its second-quarter 2025 financial results on Thursday, July 24, 2025, at 9:00 a.m. CT. The company will host a conference call and webcast to discuss its performance and outlook in the energy sector. Dial-in details and a webcast link are available on the company’s investor website.

Journey Energy Inc. (TSX: JOY, OTCQX: JRNGF) will participate in Water Tower Research’s Fireside Chat Series on June 11, 2025. CEO Alex Verge and Managing Director Jeff Robertson will discuss Journey’s strategic roadmap, including the Duvernay shale play, conventional assets, and power business development. The chat provides investors with insights into the company’s growth trajectory, market position, and the impact of regulations.

Sable Offshore Corp. (SOC) priced an upsized public offering of 8.7 million shares at $29.50 each, targeting ~$256.5 million in gross proceeds. Underwriters J.P. Morgan, Jefferies, and TD Cowen secured an option for an additional 1.3 million shares. Proceeds will fund capital expenditures and corporate needs, with closure expected by May 23 pending approvals. The Houston-based firm, focused on California’s Santa Ynez Unit offshore assets, highlights operational expertise amid regulatory and ESG challenges. Analysts note the pricing reflects cautious optimism as energy equities rebound, though supply chain and permitting risks persist. SEC-declared effective May 1, the offering expands distribution through co-managers including Benchmark Company and Pickering Energy Partners.