With Europe’s 2050 Climate-Neutral Goals, Consider these Five Gas Stocks

May 20, 2025 - 13:00
With Europe’s 2050 Climate-Neutral Goals, Consider these Five Gas Stocks

By 2050, the European Union (EU) wants to be climate-neutral. In an effort to help, natural gas companies like CanCambria Energy Corp. (TSXV: CCEC) are contributing to the goal by developing and providing sustainable natural gas solutions, reducing import dependence and supporting Europe’s climate net neutrality goals.

In fact, it’s one of the reasons the Continental Europe Energy Council just invited the company to join the association. As noted by CanCambria CEO Dr. Paul Clarke, “As our team at CanCambria works toward supporting European energy stability and sustainability, it is fantastic to be part of a broader organization with the same mission and purpose. This membership enables CanCambria to expand its reach in the region, both for key networking potential and future joint venture opportunities.”

Making CanCambria Energy even more attractive, we have to consider that, “When replacing solid fossil fuels, natural gas and other gaseous fuels such as bio-methane and decarbonized gases can reduce emissions significantly with well-known and proven technologies and costs not hampering the EU competitiveness. Natural gas can curtail greenhouse gas emissions (60% less CO2 than coal) but also of dusts and other pollutants such as NOx and SOx (up to 99% less than coal),” as noted by Euracitv.com. All of which creates even more opportunity for gas companies, such as CanCambria Energy.

Other than CanCambria, some of the other top gas companies to keep an eye on include BP (NYSE: BP), Chevron (NYSE: CVX), EOG Resources (NYSE: BP) and Vermilion Energy (NYSE: VET).

CanCambria Energy Corp. (TSXV: CCEC) Just Accepted an Invitation to Join the Continental Europe Energy Council

CanCambria Energy Corp. (TSXV: CCEC), announces that the Company has accepted an invitation to join the Continental Europe Energy Council. Founded in 1994, the Continental Europe Energy Council is a membership association for companies engaged in the subsurface energy industry within Continental Europe. The CEEC’s goals are to facilitate networking, promote business transactions, and connect the regional energy community, including hydrocarbon, geothermal, and carbon capture and storage sectors.

The Council currently includes approximately 65-member companies and 100 associate member companies, and the meetings are attended by 180–250 participants. Membership includes major integrated energy companies, national oil companies, regional players, small to mid-size independents, niche players, and start-ups, as well as government licensing authorities. Visit https://ceecsg.org/ to learn more. Participants also include service companies, various infrastructure and supply chain focused providers, and investors. CEEC hosts several events annually, including their flagship conference— this year marking its 60th anniversary in Zagreb, Croatia—where CanCambria’s introductory presentation was featured during the Industry Scouting Session on May 16, 2025.

"We are honored to have been invited to join the Continental Europe Energy Council. As our team at CanCambria works toward supporting European energy stability and sustainability, it is fantastic to be part of a broader organization with the same mission and purpose," stated CanCambria CEO Dr. Paul Clarke. “This membership enables CanCambria to expand its reach in the region, both for key networking potential and future joint venture opportunities.”

Other related developments from around the markets include:

BP’s CEO Murray Auchincloss just noted, “In February, we announced a fundamental reset of our strategy - to grow the upstream, focus the downstream and invest with discipline in the transition - and we have already made significant progress. So far this year we have started up three major projects, made six exploration discoveries and have progressed our divestment programme - all while delivering strong operational performance, with over 95% upstream plant reliability supporting the best operating efficiency on record, and over 96% refining availability. We continue to monitor market volatility and changes and remain focused on moving at pace. I’m confident that our plans to strengthen the balance sheet, reduce costs, and improve cash flow and returns will grow long-term shareholder value and strengthen the resilience of bp.”

Chevron reported earnings of $3.5 billion ($2.00 per share - diluted) for first quarter 2025, compared with $5.5 billion ($2.97 per share - diluted) in first quarter 2024. Included in the quarter was a net loss of $175 million related to legal reserves and a tax charge due to changes in the energy profits levy in the United Kingdom that were partially offset by the fair value measurement of Hess Corporation shares. Foreign currency effects decreased earnings by $138 million. Adjusted earnings of $3.8 billion ($2.18 per share - diluted) in first quarter 2025 compared to adjusted earnings of $5.4 billion ($2.93 per share - diluted) in first quarter 2024.

EOG Resources announced that the company was awarded a new oil exploration concession for Unconventional Onshore Block 3 (UCO3) by Abu Dhabi's Supreme Council for Financial and Economic Affairs (SCFEA). The UCO3 concession area is 3,609 square kilometers, or nearly 900,000 acres, in an over-pressured, oil prone basin within the Al Dhafra region of Abu Dhabi. EOG holds 100 percent equity and operatorship and, in coordination with Abu Dhabi National Oil Company (ADNOC), will explore and appraise unconventional oil in the concession area. Following a three-year appraisal phase, EOG may enter into a production concession in which ADNOC has the option to participate. EOG currently expects to begin drilling in the second half of 2025 with no change to the company's 2025 capital plan. "We are excited for the opportunity to evaluate this hydrocarbon rich basin for potential horizontal development," said Ezra Y. Yacob, Chairman and Chief Executive Officer of EOG. "We look forward to working alongside ADNOC to expand Abu Dhabi's resource potential."

Vermilion Energy reported operating and condensed financial results for the three months ended March 31, 2025. The company generated $256 million ($1.66/basic share) of fund flows from operations, as compared to $263 million ($1.70/basic share) in Q4 2024. Exploration and development capital expenditures were $182 million, resulting in free cash flow of $74 million, compared to $62 million in the prior quarter. As a result of strong European gas prices, Vermilion's corporate average realized natural gas price in Q1 2025 was $7.80/mcf, compared to $2.17/mcf for the AECO 5A benchmark. Vermilion returned $37 million to shareholders through dividends and share buybacks, comprising $20 million in dividends and $17 million of share buybacks. During the quarter, the Company repurchased and cancelled 1.3 million shares through the NCIB, and issued 1.1 million shares as part of the Westbrick acquisition.

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for CanCambria Energy Corp by CanCambria Energy Corp. We own ZERO shares of CanCambria Energy Corp. Please click here for full disclaimer.

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