Company Earnings

PDC Energy declares quarterly cash dividend and additional special dividend on common shares

PDC Energy declares quarterly cash dividend and additional special dividend on common shares

Oil and Gas 360


DENVER, Dec. 07, 2022 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that its Board of Directors declared a special dividend of $0.65 per share in addition to a quarterly cash …

Matador Resources Company amends its quarterly cash dividend policy to $0.15 per share

Matador Resources Company amends its quarterly cash dividend policy to $0.15 per share

Oil and Gas 360


DALLAS–(BUSINESS WIRE)–Dec. 6, 2022– Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced that its Board of Directors amended the Company’s dividend policy pursuant to which the Company intends to pay cash dividends on …

Source: Oil Price

OPEC ready to intervene “For the benefit of oil markets”

Oil Price


OPEC Secretary General Haitham al-Ghais said on Wednesday that the organization is ready to “intervene for the benefit of oil markets”, Saudi-owned Al-Arabiya TV reports, citing Ghais as saying that OPEC is aware, cautious and monitoring …

NOG announces third quarter 2022 results

NOG announces third quarter 2022 results

Oil and Gas 360


Northern Oil and Gas, Inc.-11/09/2022- (NYSE: NOG) (“NOG”) today announced the company’s third quarter results.

 

NOG announces third quarter 2022 results- oil and gas 360

 

THIRD QUARTER HIGHLIGHTS

  • Record quarterly production of 79,123 Boe per day (57% oil), an increase of 37% from the
Source: SM Energy

SM Energy reports third quarter 2022 results; return of capital programs is initiated

Oil and Gas 360


DENVERNov. 3, 2022 /PRNewswire/ — SM Energy Company (the “Company”) (NYSE: SM) today announced operating and financial results for the third quarter 2022 and provided certain fourth quarter and full year 2022 guidance. Highlights …

PDC Energy, Inc. announces 2022 third quarter financial and operating results

PDC Energy, Inc. announces 2022 third quarter financial and operating results

Oil and Gas 360


November 2, 2022 at 4:15 PM EDT-  DENVER, Nov. 02, 2022 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” the “Company”, “we”, “us”, “our”) (Nasdaq:PDCE) today announced its 2022 third quarter financial and operating results.
PDC Energy, Inc. announces 2022 third quarter financial and operating results- oil and gas 360

2022 Third

Surge Energy Inc. announces third quarter financial & operating results; and an operations update on strong drilling results in SE Saskatchewan/Sparky core areas

Surge Energy Inc. announces third quarter financial & operating results; and an operations update on strong drilling results in SE Saskatchewan/Sparky core areas

Oil and Gas 360


CALGARY, ABNov. 2, 2022 /CNW/ – Surge Energy Inc. (“Surge” or the “Company”) (TSX: SGY) is pleased to announce the Company’s financial and operating results for the quarter ended September 30, 2022, and …

Source: Reuters

BP boosts buybacks as Q3 profit doubles to $8.2 billion

Oil Price


BP (NYSE: BP) announced a further $2.5 billion share buyback after more than doubling its Q3 profit from a year earlier, thanks to what it described as an “exceptional” gas marketing and trading result and higher …

Source: Reuters

Marathon Petroleum and Phillips 66 cruise past estimates on fuel demand surge

Reuters


Marathon Petroleum (MPC.N) and Phillips 66 (PSX.N) posted quarterly profits which cruised past Wall Street estimates on Tuesday, becoming the latest U.S. refiners to benefit from robust fuel demand and margins amid tight supplies.

U.S. refiners are posting strong …

Source: CNBC

Pioneer joins strong Q3 oil lineup with forecast-beating profits

Oil Price


Pioneer Natural Resources became the latest oil major to report bumper profits for the third quarter, exceeding analyst expectations.

 

The result was made possible by stronger oil prices, with Pioneer enjoying an average price per barrel of …

Source: Oil Price

Oil major earnings will reignite the windfall taxes debate

Oil Price


Despite weaker oil prices during the third quarter, the oil industry is still booking strong financial results. According to some, this is “awkward” because it is happening during a time of economic hardship. Besides being awkward, however, Big …

Source; CNBC

Oil giant Shell reveals plans to hike dividend as quarterly profits more than double

CNBC


British oil major Shell on Thursday reported that quarterly profits more than doubled from the same period last year, but lower refining and trading revenues brought an end to its run of record earnings.

Shell posted adjusted earnings

Source: Reuters

TotalEnergies books record quarterly profit as LNG business booms

Oil Price


TotalEnergies (NYSE: TTE) posted a record profit for the third quarter, driven by high energy prices and soaring prices of LNG as Europe scrambles to procure gas ahead of the winter.

 

TotalEnergies reported on Thursday …

Source: Reuters

Oil producer Hess tops profit estimates on stronger energy prices

Yahoo Finance


Hess Corporation HES has reported third-quarter 2022 earnings per share of $1.89, beating the Zacks Consensus Estimate by a penny. The bottom line improved from the year-ago quarter’s 28 cents per share.

 

 

Total quarterly revenues increased …

Source: Reuters

Haliburton sees net income more than double year-over-year

Oil Price


Halliburton Company (NYSE: HAL), the world’s largest provider of fracking services, reported on Tuesday that adjusted net income for the third quarter more than doubled from the same period last year and expects drilling activity to …

Source: Reuters

Schlumberger beats earnings estimates as Q2 revenues grow by 10%

Oil Price


The world’s largest oilfield services provider Schlumberger (NYSE: SLB), reported on Friday third-quarter earnings beating analyst estimates, thanks to accelerating international drilling activity on top of already robust activity in North America.

 

Schlumberger reported earnings …

Source: Oil Price

Oilfield services giants are primed to post very strong earnings

Oil Price


The biggest oilfield services providers are expected to report this week and analysts expect a strong set of results for the third quarter. In fact, expectations are for one of the strongest reports in years on the back …

Source: Reuters

Conoco sweetens shareholder returns by $5 billion as profit jumps

Finance Yahoo


ConocoPhillips on Thursday raised its shareholder payout target by 50% after the largest U.S. independent oil producer beat Wall Street’s earnings estimates on surging energy prices.

 

Oil and gas prices have jumped with Western sanctions on Russia …

SM Energy reports second quarter 2022 results; leverage ratio target achieved

SM Energy reports second quarter 2022 results; leverage ratio target achieved

Oil and Gas 360


Publisher’s Note: SM Energy will be presenting on Monday, August 8, 2022 at the EnerCom Denver-The Energy Investment Conference next week from August 8-10, 2022. You can still register to attend. 

 

 

 

SM Energy reports second quarter 2022 results; leverage ratio target achieved- oil and gas 360

DENVER, …

PDC Energy, Inc. announces 2022 second quarter financial and operating results and announces receiving completeness determination on the Guanella Comprehensive Area Plan application

PDC Energy, Inc. announces 2022 second quarter financial and operating results and announces receiving completeness determination on the Guanella Comprehensive Area Plan application

Oil and Gas 360


Publisher’s Note: PDC Energy, Inc. will be presenting next week at EnerCom Denver-The Energy Investment Conference from August 8-10, 2022. You can still register to attend. 
August 3, 2022 at 4:25 PM EDT – DENVER, Aug.
Source: Returns

Big Oil offers big returns but keeps spending tight

Yahoo Finance


LONDON – The West’s energy giants are set to return a record $30 billion to investors after reporting bumper profits in the second quarter of the year following a surge in energy prices.

 

But the top five …

Source: Northern Oil and Gas

NOG declares $0.25 quarterly cash dividend, 32% increase over prior quarter, and provides share repurchase update

Oil and Gas 360


Publishe’s Note: Northern Oil and Gas will be presenting on Monday, August 8, 2022 at 11:20 a.m. (MST) at  EnerCom Denver- The Energy Investment Conference next week on August 8-10, 2022. You can still register to

Source: CNBC

Oil major BP boosts dividend as quarterly profits jump on high commodity prices

CNBC


Publisher’s Note: BPX Energy will be the lunch keynote on Monday, August 8, 2022 at EnerCom Denver- The Energy Investment Conference. Please register and schedule your one-on-one meetings with presenters at  EnerCom Denver.

LONDON — U.K. oil giant …

Source: Reuters

Big oil’s Q2 profits hit record $50 billion – with BP yet to come

Yahoo


The world’s largest energy companies, including TotalEnergies, Exxon Mobil and Chevron are ramping up buyback programmes despite criticism that they are not moving swiftly enough to increase oil and gas output as high fuel prices pinch consumers worldwide.

Exxon …

Source: Reuters

Exxon posts record-breaking second-quarter profit

Yahoo Finance


HOUSTON – Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.

 

The top U.S. oil producer reported second-quarter net …

Source: Reuters

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

US News


The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.

The U.S.

Source: Reuters

Shell, Total continue buyback bonanza after record profits

Yahoo Finance


LONDON – Europe’s biggest oil companies Shell and TotalEnergies extended share buybacks on Thursday after their second-quarter profits beat an already record-breaking previous quarter on the back of soaring crude, gas and oil product prices.

The two companies …

Source: World Oil

Shell adds $1 billion in refining profits from record fuel prices

World Oil


(Bloomberg) — Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries.

The trading update from …

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 …