MicroSectors U.S. Big Oil 3x Lvrgd ETNs(NRGU.US)

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MicroSectors U.S. Big Oil 3x Lvrgd ETNs
NRGU.US
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Chevron and others said to be in talks to quickly lift Venezuelan oil output

The Trump administration is in talks with major oil producers, including Chevron, to quickly boost Venezuelan oil output with minimal investment. The goal is to recover several hundred thousand barrels in the short term, significantly less than the estimated $100 billion needed for full infrastructure rebuilding. This follows the capture of Venezuelan leader Nicolás Maduro by U.S. forces. Companies like SLB, Baker Hughes, and Halliburton are expected to focus on repairing outdated equipment and revitalizing drilling operations. Chevron expressed readiness to assist in improving Venezuela's energy future.

MSN·
US
OIH
-0.48%
US
SLB
-0.34%
US
XES
-0.63%
MSN·
US
OIH
-0.48%
US
SLB
-0.34%
US
XES
-0.63%

US seeks quick repairs to lift Venezuela oil output, Bloomberg News reports

Jan 24 (Reuters) - The United States is in talks with Chevron, other crude producers, and major oilfield service providers about a plan to quickly raise Venezuela’s crude production, Bloomberg News reported on Saturday citing senior administration officials.Officials have discussed deploying SLB, Halliburtonand Baker Hughesto repair and replace outdated equipment, and refresh older drilling sites, the report said.Reuters could not immediately verify the report.

Reuters·
US
IEZ
-0.44%
US
XOP
+0.51%
US
XES
-0.63%
Reuters·
US
IEZ
-0.44%
US
XOP
+0.51%
US
XES
-0.63%

Schlumberger Earnings Call: Growth, Headwinds and Cash Power

Schlumberger's Q4 earnings call highlighted strong revenue growth of $9.7 billion, a 9% sequential increase, and an adjusted EBITDA margin expansion to 23.9%. Despite challenges like pricing pressure and regional softness, the company reported $3.0 billion in cash from operations and $2.3 billion in free cash flow for the quarter. The digital segment showed significant growth, with a 25% increase in revenue. Schlumberger's production systems revenue rose 17%, and the subsea segment secured $4 billion in bookings, indicating a positive outlook for future growth and profitability.

Tip Ranks·
US
NRGU
+1.90%
US
DIG
+1.10%
US
XOP
+0.51%
Tip Ranks·
US
NRGU
+1.90%
US
DIG
+1.10%
US
XOP
+0.51%

SLB LIMITED/NV SEC 10-K Report

SLB LIMITED/NV has released its 2025 10-K report, highlighting a total revenue of $35.7 billion, a 2% decrease from the previous year. Net income fell to $3.45 billion, down from $4.58 billion in 2024. The report outlines strategic initiatives, including the acquisition of ChampionX and a focus on sustainability with a net-zero target by 2050. SLB plans to return over $4 billion to shareholders in 2026 and anticipates growth in its Data Center Solutions segment. The company emphasizes innovation and workforce diversity as key components of its operational strategy.

TradingView·
US
NRGU
+1.90%
US
DIG
+1.10%
US
XES
-0.63%
TradingView·
US
NRGU
+1.90%
US
DIG
+1.10%
US
XES
-0.63%

U.S. oil companies say: If conditions are right, they can quickly expand operations in Venezuela

The American oilfield service company SLB stated that it will quickly expand its operations in Venezuela if it obtains the necessary permits and meets safety and compliance requirements. SLB recently met with White House officials to discuss investment opportunities in Venezuela. SLB is the only international oil service company operating in Venezuela, providing services to Chevron, which is the only large American oil company producing crude oil in Venezuela

Wallstreetcn·
US
OIH
-0.48%
US
NRGU
+1.90%
US
XOP
+0.51%
Wallstreetcn·
US
OIH
-0.48%
US
NRGU
+1.90%
US
XOP
+0.51%
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