Energy Market & Energy Statistics

Aenert news. Energy Companies
According to the June Short-Term Energy Outlook from the U.S. Energy Information Administration, Crude Oil Production in the US amounted to 13.29 million barrels per day in the first quarter of this year, which is 2.7% more than a year earlier and about 1% less than in the previous quarter. Tight oil production amounted to just over 9 million barrels per day (68%), while production of this type of oil has not grown for the third quarter in a row. On the other hand, natural gas production in the US in 2025Q1 reached a record 105.6 billion cubic feet per day (+ 1.6% year-on-year). Of this, shale gas accounted for 87 billion cubic feet per day or 82%. This production growth was provided mainly by two formations - Permian and Haynesville.
This trend is largely due to the multidirectional price changes. Thus, during the transition from 2024Q1 to 2025Q1, West Texas Intermediate Spot Average prices decreased from 77.50 to 71.85 dollars per barrel, and Henry Cub Spot increased from 2.21 to 4.30 dollars per thousand per cubic feet. In the case of oil, the price decrease is due to market saturation and the refusal of OPEC countries to further curb production. For natural gas, incentives to increase production are due to increased demand for export LNG in the European and Asian markets. Currently, the level of natural gas exports is about 10% of the production level. However, in any case, to maintain the current level of oil production and increase natural gas production, additional investments will be required, which are not yet observed in sufficient quantities.

US average daily production of shale gas and tight oil

Source: based on U.S. Energy Information Administration

EOG Resources

In 2025Q1, the company continued to demonstrate solid performance. Total Revenues amounted to $5842 million, which is on the one hand slightly less than in the same quarter a year earlier, but on the other hand, slightly more than 3% more than in the previous quarter. Net Income was received in the amount of $1463 million.

EOG Resources. Revenue, net income and share price

Source: based on EOG Resources

EOG Resources shares have been hovering around $120 for the past two and a half years.

Devon Energy

Oil, gas and natural gas sales in the first quarter of 2025 were $3,126 million, up 19% from the four quarters a year earlier. Total revenue was the highest in the last nine quarters and reached $4,452 million (+24% compared to the first quarter of 2024). Net income attributable to Devon was $494 million, up from $596 million a year earlier. The profit margin is the fourth consecutive quarter.

Devon Energy. Revenue, net income and share price

Source: Based on Devon Energy Corporation

The company's total assets were virtually unchanged at $30,928 million. Quarterly investment was 5% below the average forecast at just under one billion. Overall, the past quarter was a good one for Devon Energy, as evidenced by the company's stock price reversal after three quarters of decline.

Occidental Petroleum Corporation

Net sales of Oil & Gas in 2025Q1 were among the highest in the last ten quarters at $5,683 million. The largest hydrocarbon production has traditionally been highest at US fields - 1,167 MBOE per day. For comparison, in Oman this figure looked like 64 MBOE per day.

Occidental Petroleum Corporation. Revenue, net income and share price

Source: Based on Occidental Petroleum Corporation

The fourth quarter of last year was unprofitable for Occidental Petroleum, which caused justified concerns. However, in 2025Q1 the company showed a good profit - $766 million, which is almost 7% more than in 2024Q1. The company's share price stabilized.

By the Editorial Board                                                                                                                                                        Download PDF version