Company Earnings

Source: Reuters

Chevron profit sinks but beats estimates, shares up

Yahoo Finance


HOUSTON – Chevron Corp on Friday beat analysts’ earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges. Shares were up 2% in morning trading after …

Source: Ring Energy

Ring Energy announces production results and continued debt reduction for fourth quarter 2023 and partial guidance for the first quarter 2024

Oil and Gas 360


 Record Q4 2023 Sales Volumes Near High End of Guidance ~

~ Further Reduced Debt in Addition to Making Final Payment for the Founders Acquisition ~

THE WOODLANDS, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) — Ring …

SilverBow Resources announces closing of Chesapeake acquisition and provides updated 2023 guidance & preliminary 2024 outlook

SilverBow Resources announces closing of Chesapeake acquisition and provides updated 2023 guidance & preliminary 2024 outlook

Oil and Gas 360


11/30/2023 – Completed transformational acquisition of Chesapeake’s remaining South Texas assets

Preliminary 2024 outlook of 551-611 MMcfe/d; liquids to comprise ~40% of production mix

Anticipated 2024 capex of $550-$580 million supports 3-rig drilling program

The Company

Source: Reuters

Exxon posts $9.1 billion net, down from year-ago, up 15% from Q2

Nasdaq


HOUSTON – Exxon Mobil Corp XOM.N on Friday posted a $9.1 billion third-quarter profit, about a 54% drop from record earnings a year ago but up from the prior quarter as oil prices recovered. Earnings at the largest U.S. …

Source: Reuters

Chevron’s third-quarter profit slumps, shares fall 5% on earnings miss

Investing


HOUSTON – Chevron (NYSE:CVX) posted a third-quarter profit that missed Wall Street estimates by a wide margin, sending its share price down in pre-market trading. Oil company earnings have slumped from record year-ago levels as crude prices …

PEDEVCO announces Q1 2023 financial results and operations update

PEDEVCO announces Q1 2023 financial results and operations update

Oil and Gas 360


HOUSTON, TX / ACCESSWIRE / May 15, 2023 / PEDEVCO Corp. (NYSE American:PED) (“PEDEVCO” or the “Company”), an energy company engaged in the acquisition and development of strategic, high growth energy projects in the U.S., today …

Source: Reuters

US natgas futures hold near one-week high on colder forecasts

Nasdaq


U.S. natural gas futures held near a one-week high on Tuesday on forecasts for more cold weather and higher heating demand this week than previously expected, a preliminary drop in daily output and near record amounts of gas flowing …

Tamarack Valley Energy announces year-end 2022 reserves & financial results and provides operational update

Tamarack Valley Energy announces year-end 2022 reserves & financial results and provides operational update

BOE Report


Publisher’s Note: Tamarack Valley Energy will be presenting at EnerCom Dallas – The Energy Investment & ESG Conference on April 18-19, 2023. Register to attend.

CALGARY, ABMarch 1, 2023 /CNW/ – Tamarack Valley Energy Ltd. (“…

NOG announces fourth quarter and full year 2022 results; initiates 2023 guidance

NOG announces fourth quarter and full year 2022 results; initiates 2023 guidance

FOURTH QUARTER HIGHLIGHTS Production of 78,854 Boe per day (59.5% oil), a 23% increase fr…

Source: Reuters

U.S. LNG giant sees revenues more than double in 2022

Oil Price


Cheniere Energy, the biggest U.S. LNG exporter, more than doubled its revenues in 2022 from a year earlier as Europe imported increased volumes and paid high prices for gas as it sought to replace Russian pipeline supply.

 …

Permian Resources announces fourth quarter 2022 results and provides improved 2023 guidance

Permian Resources announces fourth quarter 2022 results and provides improved 2023 guidance

Permian Resources Corporation (“Permian Resources” or the “Company”) …

Civitas Resources announces fourth quarter and full-year 2022 results

Civitas Resources announces fourth quarter and full-year 2022 results

Announces $1 Billion Share Repurchase Authorization and Declares Fixed-plus-Variable Dividend to …

PDC Energy, Inc. announces full-year and fourth quarter 2022 financial and operating results; provides 2023 guidance

PDC Energy, Inc. announces full-year and fourth quarter 2022 financial and operating results; provides 2023 guidance

DENVER, Feb. 22, 2023 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Co…

Source: Reuters

Coterra Energy reports fourth-quarter and full-year 2022 results, provides 2023 outlook and updates shareholder return strategy

Coterra Energy Inc. (NYSE: CTRA) (“Coterra” or the “Company”) today…

SM Energy reports 2022 results and 2023 operating plan

SM Energy reports 2022 results and 2023 operating plan

Oil and Gas 360


DENVERFeb. 22, 2023 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced certain fourth quarter and full year 2022 operating and financial results, year-end 2022 estimated proved reserves and its 2023 operating …

Comstock Resources, Inc. reports fourth quarter 2022 financial and operating results

Comstock Resources, Inc. reports fourth quarter 2022 financial and operating results

Oil and Gas 360


FRISCO, TX, Feb. 14, 2023 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2022.

Comstock Resources, Inc. reports fourth quarter 2022 financial and operating results- oil and gas 360

Highlights

  • Generated free cash
Source: Reuters

Big oil doubles profits in blockbuster 2022

Nasdaq


LONDON – Big Oil more than doubled its profits in 2022 to $219 billion, smashing previous records in a year of volatile energy prices where Russia’s invasion of Ukraine reshaped global energy markets and, in some cases, the industry’s …

Source: Reuters

TotalEnergies doubles profits in its best year ever

Oil Price


TotalEnergies (NYSE: TTE) saw its net profit double in 2022 to a record $36.2 billion and announced an increase in dividends and share repurchases after the best annual results for the company and for Big Oil …

Source: Reuters

BP makes record profit in 2022, slows shift from oil

Yahoo Finance


LONDON – BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon emissions by …

Source: Reuters

Shell 2022 profit more than doubles to record $40 billion

Investing


LONDON – Shell (LON:RDSa) delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia’s invasion of Ukraine allowed it to …

Source: Reuters

Disappointing returns may force BP to rein in its renewable energy push

Oil Price


Bernard Looney, the chief executive of BP, has recently discussed plans with people close to the supermajor to potentially scale back the company’s push into greener operations with less emphasis on ESG targets, The Wall Street Journal reported

Magnolia Oil & Gas increases quarterly dividend 15 percent

Magnolia Oil & Gas increases quarterly dividend 15 percent

Oil and Gas 360


January 31, 2023- HOUSTON–(BUSINESS WIRE)–Magnolia Oil & Gas Corporation (NYSE: MGY) announced today that its Board of Directors has declared a cash dividend of $0.115 per share of Class A common stock, and a cash distribution …

Source: Reuters

Chevron reports record-breaking profits for 2022

Oil Price


Chevron (NYSE: CVX) reported on Friday its highest annual profit ever as its adjusted earnings for last year more than doubled from 2021 to hit $36.5 billion on the back of higher oil and gas prices …

Source: Reuters

Hess earnings outshine with New Guyana discovery

Oil Price


Fourth-quarter earnings on Wednesday saw Hess Corporation (NYSE:HES) soundly beat Wall Street estimates, with another discovery offshore Guyana playing a significant role in the company’s newly revealed $3.7-billion spending plan for 2023.

 

In its Q4 2022 financial …

HighPeak Energy, Inc. announces strategic alternatives process and guidance for 2023 and 2024

HighPeak Energy, Inc. announces strategic alternatives process and guidance for 2023 and 2024

Oil and Gas 360


FORT WORTH, Texas, Jan. 23, 2023 (GLOBE NEWSWIRE) — HighPeak Energy, Inc. (“HighPeak” or the “Company”) (NASDAQ: HPK) today announced that its Board of Directors (the “Board”) has voted to initiate a process to evaluate certain …

Source: Reuters

Halliburton announces fourth quarter 2022 results and increases dividend

Oil and Gas 360


HOUSTON–(BUSINESS WIRE)–Jan. 24, 2023– Halliburton Company (NYSE: HAL) announced today net income of $656 million, or $0.72 per diluted share, for the fourth quarter of 2022. This compares to net income for the third quarter of …

Source: Reuters

Oilfield services firm SLB beats fourth-quarter profit forecast

Investing


SLB, the world’s largest oilfield services firm, beat Wall Street estimates for fourth-quarter profit on Friday, driven by strong demand for drilling services and equipment as oil and gas prices remained elevated amid tight supplies.

SLB, formerly called Schlumberger …

Source: CNBC

Shell to take $2 billion fourth-quarter tax hit after new EU, UK levies

CNBC


Oil and gas major Shell said Friday it expects to take a $2 billion hit for the fourth quarter as a result of new taxes in the European Union and U.K.

 

 

“The Q4′22 earnings impact of recently …

Patterson-UTI Energy provides update on expected fourth quarter financial results

Patterson-UTI Energy provides update on expected fourth quarter financial results

Oil and Gas 360


HOUSTON, TX / ACCESSWIRE / January 4, 2023 / PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) announced today that it expects its net income for the fourth quarter of 2022 to exceed $100 million and its adjusted EBITDA for …

Source: World Oil

Exxon lifts share buyback to $50 billion after record profit

World Oil


(Bloomberg) — Exxon Mobil Corp. raised its annual share buyback by about 10%, six weeks after the oil giant posted its highest profit in its 152-year history.

 

Exxon will now repurchase $50 billion of stock through 2024,