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Freestone Grove, an equities-focused multimanager fund launched by Citadel alums, now has more than 180 employees, according to a March filing with regulators, while assets have eclipsed $6 billion and are poised to grow further as the firm opens up to select investors this year.

"A more decentralized energy system, with a growing share of renewables and more market players, is structurally more resilient. Countries that invested in the energy transition are weathering this crisis with less economic damage, as they boost energy security, resilience and competitiveness."

Costco operates roughly 550 gas stations across the U.S., giving members plenty of opportunities to take advantage. Gas isn't a small line item for the retailer, either. Costco reports that fuel accounts for about 10 percent of total net sales, a steady revenue stream that helps the company keep prices lower.

Corpus Christi's two main reservoirs are just 8.4 percent full, while the backup reservoir is 55 percent full. Without drastic cuts, the water supply could run dry by early next year.

Meta's agreement with Entergy to build and finance seven new power plants in Louisiana will significantly enhance the energy infrastructure needed for its AI data center complex, Hyperion. The total of 10 power plants will provide enough energy to power over 5 million homes, representing a substantial increase in the state's grid capacity.

The Board believes Texas legislators, judges, and juries who might make decisions that impact Exxon Mobil are generally more familiar with our business and operations. A new Texas law makes it harder for shareholders to sue companies by requiring a minimum stock ownership to file lawsuits, providing legal protection that serves as the real draw for redomiciliation.

Scenario planning has become boardroom shorthand for preparation to deal with the unknowable, especially vital in wartime when events can disrupt supply chains and energy prices.

Nobody expects today's high prices to last and we could very likely get back to the low $60 [per barrel] environment we faced just a few weeks ago. Experts say the unique geology of California's fields, and the nature of its heavy crude, make new projects, and efforts to pump more oil out of existing ones, costlier and more energy-intensive than drilling in other parts of the country.

Citi's upgrade reflects a broader geopolitical reality reshaping global energy markets. The Iran war is accelerating the flight of European and Asian buyers toward secure, long-term U.S. LNG supply contracts.

The symbiotic relationship between Diamondback and Viper is highlighted during times like these where Diamondback continues to focus its development on wells where Viper owns high royalty interests. That structural advantage doesn't erode with oil prices.

KeyBanc's revised oil deck reflects a materially stronger crude environment than previously modeled, with dislocations in global crude and refined products expected to persist into summer.

Vistra's core business is performing at a level that justifies management's confidence. The record Adjusted EBITDA, locked-in long-term power purchase agreements with hyperscale technology buyers, and a ~30% reduction in share count since November 2021 through roughly $5.9 billion in buybacks paint a picture of a management team allocating capital with conviction.

Wells Fargo's revised thesis centers on Vietnam production sharing contract modeling refined through recent webinar insights, reinforcing long-term offshore value even as the firm acknowledges the opportunity remains long dated and valuation stays anchored to near-term cash flow.

The AI revolution has a power problem. Training GPT-4 required as much electricity as 10,000 U.S. homes use in a year. Multiply that by thousands of models being trained simultaneously, plus billions of daily queries. The result? A data center energy boom reshaping power generation. Facilities drawing 100+ megawatts each, with some hyperscale campuses approaching 1 gigawatt (the equivalent of small cities).

USAC closed 2025 with a record adjusted EBITDA of $613.8 million and a distributable cash flow of $385.7 million, indicating strong financial performance despite high debt levels.

Constellation's pullback traces to two friction points, the first being FERC's rejection of a behind-the-meter nuclear colocation deal between Amazon and Talen Energy in November 2024, which sent shockwaves through the sector. While Constellation wasn't directly involved, the ruling raised questions about the viability of similar hyperscaler partnerships.

Valero will idle its Benicia refinery beginning in 2026 while continuing to supply Northern California with gasoline through imports and existing inventories, according to Gov. Gavin Newsom's office. In a statement released on Jan. 6, Newsom said Valero's revised approach marked a shift from an earlier announcement that included the possibility of a full closure and exit from the Northern California market as early as this year.

We're also funding incremental shareholder returns for free cash flow after distributions, rather than leverage buybacks. And so it's just a bit more of a conservative approach that we're following that is in line with our profile and Chevron's target of 200,000 barrels of oil per day plateau production in the Bakken.

Chevron Corp ( NYSE:CVX) is negotiating with the Trump administration to expand its Venezuela oil license, aiming to boost exports to 300,000 barrels per day by March. The move comes as Trump pivots toward energy independence policies, creating a strategic opening for Chevron to capitalize on discounted Venezuelan heavy crude. The stock has responded enthusiastically. Chevron surged 12.3% year-to-date through January 29, hitting a 52-week high of $174.92 earlier this week.

Chevron delivered record worldwide production of 4,045 MBOED in 2025, up 12% year-over-year, giving it more barrels to sell into a recovering price environment. Operating cash flow hit $33.9 billion for the full year, covering the $12.8 billion dividend payout by roughly 2.7 times, a cushion that makes a dividend cut look unlikely even in a moderate oil price downturn.

LBRT delivered a 148% EPS surprise in Q4 2025, posting $0.08 per share against a consensus estimate of -$0.17. PTEN beat by 83% on the same quarter, reporting a loss of -$0.02 versus the -$0.12 consensus. These aren't rounding errors. They signal that the street's models were built for a worse reality than the one these companies are actually living in.

The company's record production jumped 12% year-over-year, driven by the Hess acquisition, which added 261 thousand barrels of oil equivalent per day. CEO Mike Wirth called it a "significant achievement...integrated Hess, started-up major projects, delivered record production." Chevron's integrated model spans upstream production, refining, chemicals, and emerging energy ventures, including lithium and hydrogen projects. The company returned $12.1 billion in share buybacks for the year and raised its dividend 4% to $1.78 per share.

ConocoPhillips reported disappointing fourth-quarter results on February 5, 2026, missing both earnings and revenue estimates as lower oil prices overshadowed production gains from the Marathon Oil acquisition. The Houston-based energy producer posted adjusted EPS of $1.02, falling short of the $1.12 consensus estimate by 9%. Revenue of $14.19 billion also missed expectations of $14.34 billion. Net income tumbled to $1.44 billion from $2.30 billion in the year-ago quarter, a 37.3% decline driven primarily by weaker commodity prices.