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Energy companies Marathon Petroleum (MPC), BP plc (BP), TotalEnergies (TTE) and Shell plc (SHEL) have all unveiled additional or fresh buyback programs.
Oil major BP and U.S. shale producer EOG Resources are in discussions to jointly develop a natural gas field off the coast of Trinidad and Tobago, the British company said. The field holds just under 1 trillion cubic feet (tcf) of natural gas, but will eventually be tied back to another BP discovery, bringing the area to be developed closer to 1.5 tcf of gas, two people with knowledge of the project told Reuters. First gas is expected in late 2026 and is planned to feed Trinidad's flagship liquefied natural gas (LNG) project, Atlantic LNG, in which BP and Shell each have equity stakes of 45%.