Company Earnings

Source: Reuters

Oil’s hired hands see outlook brighten as war fractures markets

World Oil


(Bloomberg) — The global oil industry is on pace to repeat or even surpass the heady days of 2008 when crude ascended to dizzying heights and drilling profits soared, according to the world’s biggest oilfield contractor.

In the …

Source: Reuters

Shell ends 2021 on high note, hikes dividend and boosts buybacks

Finance Yahoo


LONDON – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and gas prices and strong gas trading performance.

The strong results cap …

Source: Reuters

Exxon to accelerate buybacks after biggest profit since 2014

World Oil


(Bloomberg) — Exxon Mobil Corp. will accelerate the pace of a $10 billion share buyback after posting the biggest profit in almost eight years amid a broad rally in energy prices.

Net income adjusted for one-time items was …

Source: Reuters

Exxon posts biggest profit in seven years on high oil prices

Yahoo Finance


HOUSTON -Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from strong energy prices.

The company slashed spending after fuel demand cratered two …

Source: Reuters

Imperial Oil misses profit estimates as cold weather hits output

Nasdaq


Feb 1 – Canada’s Imperial Oil Ltd IMO.TO on Tuesday posted a quarterly profit that narrowly missed estimates, as extreme cold weather hit the company’s production.

 

Oil sands mining, which accounts for the bulk of Canada’s crude output, …

Source: Reuters

Column-Rising oil prices are fuelling expected inflation: Kemp

Nasdaq


LONDON (Reuters) – Past changes in oil prices are closely associated with U.S. consumers’ and investors’ expectations for overall inflation in future, which helps explain why they are sensitive for central banks and other policymakers.

In the last three …

Source: Reuters

Baker Hughes profit misses estimates amid supply chain woes

Reuters


Oilfield firm Baker Hughes Co reported quarterly profit that fell short of analyst expectations on Wednesday, in part due to global supply chain issues, sending its shares down sharply in early trading.

Oil service firms are expected to be …

Source: Reuters

PetroTal announces Q3 2021 operations and liquidity update

Calgary, Alberta and Houston, Texas–(Newsfile Corp. – October 13, 2021) – PetroTal Corp. (TSX…

EOG Resources beats profit estimate as crude prices rebound

EOG Resources beats profit estimate as crude prices rebound

Reuters


US oil and gas producer EOG Resources Inc (EOG.N) surpassed analysts’ first-quarter profit forecast and announced a special dividend of $ 1 per share on Thursday due to the launch of COVID-19 vaccines and increased travel demand driving crude …

Range announces first quarter 2021 financial results

Range announces first quarter 2021 financial results

Oil and Gas 360


Editor’s Note:  Range Resources gave the keynote lunch address at EnerCom Dallas –  The Energy Investment & ESG Conference earlier this month. Dennis Degner, Sr. Vice President, Chief Operating Officer for Range discussed the company’s ESG

Source: Reuters

TC Energy profit rises 13% on higher earnings from U.S. gas pipelines

Reuters


TC Energy Corp reported a 13.4% rise in fourth-quarter comparable profit on Thursday, partly helped by lower operating costs for its U.S. natural gas pipelines.

The company behind the Keystone XL oil pipeline, work on which was halted after …

Noble Midstream Partners Reports Fourth-Quarter and Full-Year 2020 Results

Noble Midstream Partners Reports Fourth-Quarter and Full-Year 2020 Results

More than $185 million in Free Cash Flow 1 Expected in 2021 Noble…

February 12, 2021 - 12:00 pm Company Earnings, Energy News, Midstream, Press Releases
Source: Reuters

Schlumberger echoes rivals’ oil recovery predictions after results beat

Reuters


Schlumberger NV on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world’s top oilfield services provider’s fourth-quarter results beat estimates, aided partly by growing demand for drilling.

Easing of COVID-19 related …

Source: Reuters

Baker Hughes says energy downturn to bottom out this year

Reuters


Oilfield equipment and services provider Baker Hughes Co on Thursday joined larger rival Halliburton Co in saying the energy industry’s worst downturn in decades would turn a corner this year.

Oil and gas producers have been forced to cut …

Source: Reuters

Rosneft swings to third-quarter net loss, buyback extension supports shares

Reuters


MOSCOW – Fallout from the pandemic and a weaker rouble sent Russian energy giant Rosneft ROSN.MM to a third-quarter net loss of 64 billion roubles ($827 million) from net income of 43 billion roubles in the previous quarter, the …

November 13, 2020 - 12:00 pm Closing Bell Story‎, Company Earnings, Energy News
Source: Reuters

Cheniere earnings miss estimates, sees Texas Corpus 3 complete in first-quarter 2021

Reuters


Cheniere Energy Inc LNG.A reported earnings on Friday that missed analysts estimates and said it expects to complete the third train at its Corpus Christi liquefied natural gas (LNG) export plant in Texas in the first quarter of 2021.…

Montage Resources Corporation Divesting Wellhead Gathering Infrastructure for $25 Million, Announces Preliminary Second Quarter 2020 Production Performance, Lowers Full Year 2020 Capital Spending Guidance

Montage Resources Corporation Divesting Wellhead Gathering Infrastructure for $25 Million, Announces Preliminary Second Quarter 2020 Production Performance, Lowers Full Year 2020 Capital Spending Guidance

Schedules Second Quarter 2020 Earnings Release Date and Conference Call Montage Resour…

Callon Petroleum Company Announces First Quarter 2020 Results

Callon Petroleum Company Announces First Quarter 2020 Results

HOUSTONMay 11, 2020 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today reported results of operations for the three months ended March 31, 2020.

Presentation slides accompanying this earnings release are available on the Company’s …

Power Solutions International Announces Fourth Quarter and Full Year 2019 Financial Results and the Filing of its Form 10-K

Power Solutions International Announces Fourth Quarter and Full Year 2019 Financial Results and the Filing of its Form 10-K

May 4, 2020 - 5:00 pm Company Earnings, Press Releases
Source: CNBC

BP’s net profit slides 67% in the first quarter following a historic fall in oil prices

CNBC


Energy giant BP reported a significant fall in first-quarter net profit on Tuesday, as oil prices continue to dive amid intensifying concerns about the coronavirus crisis and dwindling storage capacity.

The U.K.-based oil and gas company posted first-quarter underlying

NRG Energy, Inc. Changes to Virtual Meeting Format for 2020 Annual Meeting of Stockholders

NRG Energy, Inc. Changes to Virtual Meeting Format for 2020 Annual Meeting of Stockholders

Chevron Outlines Plan to Deliver Leading Shareholder Returns

Chevron Outlines Plan to Deliver Leading Shareholder Returns

At its annual Security Analyst Meeting today, Chevron Corporation (NYSE: CVX) announced expectations to deliver leading shareholder returns through disciplined capital spending, improved cost efficiency, and continued cash flow growth over the next five years.

Superior Drilling Products, Inc. Achieves 2019 Preliminary Revenue of $19 Million Driven by Growth in Middle East

Superior Drilling Products, Inc. Achieves 2019 Preliminary Revenue of $19 Million Driven by Growth in Middle East

Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), a designer and manufacturer of drilling tool technologies, today announced unaudited preliminary revenue for the year ended December 31, 2019, was $19.0 million, up 4% from the prior year. …

Source: Houston Chronicle

Halliburton to pay down debt by issuing $1 billion of lower-interest notes

Houston Chronicle


Houston oilfield service company Halliburton plans to pay down its long-term debt by issuing $1 billion in lower-interest notes.

Halliburton on Wednesday said it plans to issue a type of debt known as senior notes. Due in March …

Shell Midstream Partners, L.P. 4th Quarter 2019 Unaudited Results

Shell Midstream Partners, L.P. 4th Quarter 2019 Unaudited Results

Shell Midstream Partners, L.P. (NYSE: SHLX) reported net income attributable to the Partnership of $140 million for the fourth quarter of 2019, which equated to $0.37 per common limited partner unit. Shell Midstream Partners also generated adjusted earnings before interest, …

Hi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results

Hi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results

HOUSTON, Feb. 19, 2020 (GLOBE NEWSWIRE) — Hi-Crush Inc. (NYSE: HCR) (the “Company”), a fully-integrated provider of proppant logistics solutions, today reported fourth quarter and full year 2019 results. Revenues during the fourth quarter of 2019 totaled $125.5 million compared …

Cimarex Reports Fourth Quarter and Full Year 2019 Results

Cimarex Reports Fourth Quarter and Full Year 2019 Results

DENVERFeb. 19, 2020 /PRNewswire/ —

  • Fourth quarter oil production averaged 92.0 MBbls per day
    • Full year oil production averaged 86.2 MBbls per day
  • 2019 capital investment (including midstream) totaled $1.32 billion; below guidance range
    • Lower D&C costs
Enbridge Inc. is a leading North American energy infrastructure company. We safely and reliably deliver the energy people need and want to fuel quality of life. Our core businesses include Liquids Pipelines, which transports approximately 25 percent of the crude oil produced in North America;

Enbridge Files 2019 Year End Disclosure Documents

Enbridge Files 2019 Year End Disclosure Documents

Source: Houston Chronicle

Marathon Oil cuts drilling budget amid 56 percent drop in profit

Houston Chronicle


Houston exploration and production company Marathon Oil has cut its drilling budget by about 10 percent amid an ongoing shale slump that caused revenue and profits to decline in 2019.

In a Wednesday afternoon statement, Marathon said the …

Precision Drilling Corporation Announces 2019 Fourth Quarter and Year End Unaudited Financial Results

Precision Drilling Corporation Announces 2019 Fourth Quarter and Year End Unaudited Financial Results

Precision Drilling Corporation Announces 2019 Fourth Quarter and Year End Unaudited Financial Results