Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Commodities

<ul>
<li>For the week ending 02/May, U.S. crude inventories fell by 2m barrels (vs. expectations of a 1.7m barrel fall). Gasoline stockpiles unexpectedly rose; distillate inventories fell less than anticipated.</li>
<li>The EIA reported a 104 Bcf storage build, slightly exceeding the 103 Bcf forecast. Storage levels are 1.4% above the five-year average.</li>
<li>Analysts cut price targets on Exxon, Chevron, Shell, Halliburton, and Schlumberger. Occidental exceeded Q1 EPS estimates but narrowly missed revenue forecasts.</li>
</ul>


For the week ending 02/May, U.S. crude inventories fell by 2m barrels (vs. expectations of a 1.7m barrel fall). Gasoline stockpiles unexpectedly rose; distillate inventories fell less than anticipated.
The EIA reported a 104 Bcf storage build, slightly exceeding the 103 Bcf forecast. Storage levels are 1.4% above the five-year average.
Analysts cut price targets on Exxon, Chevron, Shell, Halliburton, and Schlumberger. Occidental exceeded Q1 EPS estimates but narrowly missed revenue forecasts.


[ETP 2025/19] WTI Wavers on Trade Talk Hopes, Henry Hub Pressured by Uncertain Demand Outlook

<ul>
<li>For the week ending 25/Apr, U.S. crude inventories fell by 2.7m barrels (vs. expectations of a 0.4m barrel build). Gasoline stockpiles fell more than expected.</li>
<li>Henry Hub headed for its first weekly gain in five weeks. The EIA reported a 107 Bcf storage build, below the expected 111 Bcf increase.</li>
<li>BP, TotalEnergies, Shell, Exxon, and Chevron saw YoY profit declines, but Shell, Exxon, and Chevron beat EPS estimates, while TotalEnergies and BP fell short of analyst expectations.</li>
</ul>


For the week ending 25/Apr, U.S. crude inventories fell by 2.7m barrels (vs. expectations of a 0.4m barrel build). Gasoline stockpiles fell more than expected.
Henry Hub headed for its first weekly gain in five weeks. The EIA reported a 107 Bcf storage build, below the expected 111 Bcf increase.
BP, TotalEnergies, Shell, Exxon, and Chevron saw YoY profit declines, but Shell, Exxon, and Chevron beat EPS estimates, while TotalEnergies and BP fell short of analyst expectations.


[ETP 2025/18] WTI Extends Losses, Henry Hub Rebounds on Summer Demand Optimism

<ul>
<li>Crude prices plunged to multi-year lows amid rising global supply and trade tensions, stoking demand fears and slowing U.S. shale activity.</li>
<li>Oilfield services firms are underperforming peers as falling rig counts and steel tariffs drive up costs and erode margins.</li>
<li>With fixed-cost-heavy models and fewer upstream clients, the sector faces amplified downside risks and limited pricing power in the near term.</li>
</ul>


Crude prices plunged to multi-year lows amid rising global supply and trade tensions, stoking demand fears and slowing U.S. shale activity.
Oilfield services firms are underperforming peers as falling rig counts and steel tariffs drive up costs and erode margins.
With fixed-cost-heavy models and fewer upstream clients, the sector faces amplified downside risks and limited pricing power in the near term.


Oilfield Services Industry to Bear the Brunt of Falling Oil Prices

Equity Bottom-Up

<ul>
<li>Halliburton’s Q1 revenue is set to drop 9.1% YoY, with EPS down 21.1%, driven by soft North American activity and weak oil prices.</li>
<li>Halliburton has underperformed the S&amp;P 500, XLE, and peers SLB and Baker Hughes, weighed down by its greater U.S. shale exposure and rising input costs.</li>
<li>Despite near-term headwinds, analysts retain a “Buy” rating on Halliburton, citing strong cash flows, a solid balance sheet, and strategic investments.</li>
</ul>


Halliburton’s Q1 revenue is set to drop 9.1% YoY, with EPS down 21.1%, driven by soft North American activity and weak oil prices.
Halliburton has underperformed the S&amp;P 500, XLE, and peers SLB and Baker Hughes, weighed down by its greater U.S. shale exposure and rising input costs.
Despite near-term headwinds, analysts retain a “Buy” rating on Halliburton, citing strong cash flows, a solid balance sheet, and strategic investments.


[Earnings Preview] Halliburton Pressured by North American Slowdown and Tariffs

<ul>
<li>For the week ending 11/Apr, U.S. crude inventories rose by 0.5m barrels (vs. expectations of a 0.4m barrel rise). Gasoline and distillate stockpiles fell more than expected.</li>
<li>Henry Hub headed for a fourth straight daily loss, with analysts expecting a 24 Bcf build in U.S. natural gas storage for the week ending 11/Apr.</li>
<li>Analysts cut price targets for Exxon, Chevron, Occidental, Schlumberger, and Halliburton, while TotalEnergies expects Q1 hydrocarbon production at the high end of its guidance range.</li>
</ul>


For the week ending 11/Apr, U.S. crude inventories rose by 0.5m barrels (vs. expectations of a 0.4m barrel rise). Gasoline and distillate stockpiles fell more than expected.
Henry Hub headed for a fourth straight daily loss, with analysts expecting a 24 Bcf build in U.S. natural gas storage for the week ending 11/Apr.
Analysts cut price targets for Exxon, Chevron, Occidental, Schlumberger, and Halliburton, while TotalEnergies expects Q1 hydrocarbon production at the high end of its guidance range.


[ETP 2025/16] WTI Eyes First Weekly Gain in April; Mild Forecasts Drag Down Henry Hub

United States

Schlumberger Limited is an oil services company. The Company, through its subsidiaries, provides a wide range of services, including technology, project management and information solutions to the international petroleum industry as well as advanced acquisition and data processing surveys.

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Schlumberger Ltd (SLB US)

[ETP 2025/19] WTI Wavers on Trade Talk Hopes, Henry Hub Pressured by Uncertain Demand Outlook

US crude inventories fell, gasoline stockpiles rose, and analysts cut price targets on major oil companies while Occidental exceeded Q1 EPS...

Mint Finance

[ETP 2025/18] WTI Extends Losses, Henry Hub Rebounds on Summer Demand Optimism

US crude inventories fell, gasoline stockpiles dropped, Henry Hub on track for first weekly gain in 5 weeks, major oil companies report YoY profit...

Mint Finance

Oilfield Services Industry to Bear the Brunt of Falling Oil Prices

Crude prices drop due to supply surge and trade tensions, impacting oilfield services firms with rising costs and limited pricing power.

Mint Finance

[Earnings Preview] Halliburton Pressured by North American Slowdown and Tariffs

Halliburton's Q1 revenue and EPS are expected to decline due to soft North American activity and weak oil prices. Analysts maintain a "Buy"...

Mint Finance

[ETP 2025/16] WTI Eyes First Weekly Gain in April; Mild Forecasts Drag Down Henry Hub

US crude inventories rise slightly, gasoline and distillate stockpiles fall; natural gas storage expected to increase; oil giants face price...

Mint Finance

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

[ETP 2025/19] WTI Wavers on Trade Talk Hopes, Henry Hub Pressured by Uncertain Demand Outlook

​US crude inventories fell, gasoline stockpiles rose, and analysts cut price targets on major oil companies while Occidental exceeded Q1 EPS...

Mint Finance

[ETP 2025/18] WTI Extends Losses, Henry Hub Rebounds on Summer Demand Optimism

​US crude inventories fell, gasoline stockpiles dropped, Henry Hub on track for first weekly gain in 5 weeks, major oil companies report YoY profit...

Mint Finance

Oilfield Services Industry to Bear the Brunt of Falling Oil Prices

​Crude prices drop due to supply surge and trade tensions, impacting oilfield services firms with rising costs and limited pricing power.

Mint Finance

[Earnings Preview] Halliburton Pressured by North American Slowdown and Tariffs

​Halliburton's Q1 revenue and EPS are expected to decline due to soft North American activity and weak oil prices. Analysts maintain a "Buy"...

Mint Finance

[ETP 2025/16] WTI Eyes First Weekly Gain in April; Mild Forecasts Drag Down Henry Hub

​US crude inventories rise slightly, gasoline and distillate stockpiles fall; natural gas storage expected to increase; oil giants face price...

Mint Finance

US crude inventories fell, gasoline stockpiles rose, and analysts cut price targets on major oil companies while Occidental exceeded Q1 EPS...

US crude inventories fell, gasoline stockpiles dropped, Henry Hub on track for first weekly gain in 5 weeks, major oil companies report YoY profit...

Crude prices drop due to supply surge and trade tensions, impacting oilfield services firms with rising costs and limited pricing power.

Halliburton's Q1 revenue and EPS are expected to decline due to soft North American activity and weak oil prices. Analysts maintain a "Buy"...

US crude inventories rise slightly, gasoline and distillate stockpiles fall; natural gas storage expected to increase; oil giants face price...