Liberty Energy Inc. Announces Second Quarter 2023 Financial and Operational Results
July 19, 2023
Liberty Energy Inc., (NYSE: LBRT; “Liberty” or the “Company”) announc…
Investor meeting requests are now open for the 28th annual EnerCom Denver – The Energy Investment Conference, to be held August 13–16, 2023 in Denver, Colorado
July 19, 2023
Oil and Gas 360 Investors are invited to register and schedule meetings at EnerCom Denver – The Energy Investment Conference at www.enercomdenver.com Emerging Energy Technology and Energy Transition Companies are Invited to Present at EnerCom Denver Institutional investors, portfolio managers, financial analysts, CIOs and other investment industry professionals registered for the EnerCom Denver – The
Oilfield services giants signal weaker U.S. shale drilling
July 19, 2023
Oil Price Two of the world’s top three oilfield service providers, Halliburton and Baker Hughes, reported on Wednesday consensus-beating profits for the second quarter, but both signaled softer demand for drilling on the North American market. Weaker North American performance was more than offset by stronger international businesses at both companies. Halliburton (NYSE: HAL) reported adjusted net income for the
Baker Hughes Company announces second quarter 2023 results
July 19, 2023
Oil and Gas 360 Orders of $7.5 billion for the quarter, up 28% year-over-year. Revenue of $6.3 billion for the quarter, up 25% year-over-year. Net income attributable to Baker Hughes Company of $410 million for the quarter, up $1,248 million year-over-year. Adjusted net income (a non-GAAP measure) attributable to Baker Hughes of $395 million for the quarter, up $281 million year-over-year.GAAP diluted earnings per share of $0.40 for the quarter. Adjusted diluted earnings per share (a non-GAAP measure) was $0.39 for
Halliburton announces second quarter 2023 results
July 19, 2023
Oil and Gas 360 Reported net income of $0.68 per diluted share. Adjusted net income per diluted share1 of $0.77 increased more than 50% year-over-year. Revenue of $5.8 billion, increased 14% year-over-year. Operating margin of 17.4%, a 329 basis points year-over-year increase over adjusted operating margin2. Cash flow from operating activities of $1.1 billion and free cash flow3 of $798 million. HOUSTON–(BUSINESS WIRE)–Jul. 19, 2023– Halliburton Company (NYSE: HAL) announced today net
Large oil spill spotted near site of Pemex natural gas platform explosion in Gulf of Mexico
July 19, 2023
World Oil (Bloomberg) – A large oil spill has been spotted in the Gulf of Mexico near the site of a deadly explosion at a Petroleos Mexicanos natural gas platform, according to Mexican newspaper Reforma. A scientist working with environmental groups including Greenpeace detected the leak on July 4, days before the blast off the coast of Mexico’s Campeche, Reforma said.
U.S. crude oil inventories decrease by 0.7 million barrels
July 19, 2023
Weekly Crude Oil Storage as of July 14, 2023 U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 0.7 million barrels from the previous week. At 457.4 million barrels, U.S. crude oil inventories are at 1% above the five year average for this time of year, according to the EIA crude oil and
3 Hot Energy Stocks to Buy Mid-July
July 19, 2023
2023-07-19 04:50:11 ET Escalating oil demand, combined with constrained supplies, could k…
