Corporate Performance Announcements

Canada’s Cenovus reaches share price highs not seen since 2017

Canada’s Cenovus reaches share price highs not seen since 2017

World Oil


(Bloomberg) –For a few fleeting hours Thursday, shares of Cenovus Energy Inc., one of Canada’s biggest oil producers, bounced back to highs not seen since its massive stock issuance to buy assets from ConocoPhillips four and a half …

Source: World Oil

NexTier stock jumps as frac demand swells revenue

World Oil


HOUSTON (Bloomberg) –NexTier Oilfield Solutions Inc. soared more than 20% after the frac provider disclosed higher-than-expected quarterly sales, signaling an acceleration in U.S. shale drilling.

The Houston-based provider of pumps that blast water, sand and chemicals underground to …

Source: Reuters

Commodity trader Trafigura nearly doubles profit to hit record in FY 2021

Reuters


Global commodity trader Trafigura Group made a record net profit for a second year running in its 2021 financial year after a strong performance across divisions and significant energy market dislocations.

The Geneva-based company posted a net profit of

Source: Reuters

Enbridge announces 2022 financial guidance, increases dividend, and provides update on strategic priorities

Enbridge Announces 2022 Financial Guidance, Increases Dividend, and Provides Update on St…

Baytex announces 2022 budget and updated five-year outlook with cumulative free cash flow of $2.1 billion

Baytex announces 2022 budget and updated five-year outlook with cumulative free cash flow of $2.1 billion

CALGARY, Alberta, Dec. 01, 2021 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex…

Source: Reuters

Amplify Energy pulls annual outlook on California oil spill hit

Reuters


Nov 15 – Amplify Energy Corp AMPY.N withdrew its full-year forecast on Monday, saying that a large oil spill from one of its subsea pipelines in southern California last month forced it to shut its operations in the region.…

Shale firm EOG to launch carbon capture project by late 2022

Shale firm EOG to launch carbon capture project by late 2022

Reuters


U.S. shale oil firm EOG Resources on Friday said it aims to begin by late 2022 a carbon dioxide injection program to reduce greenhouse gases from its oil and gas production.

The Houston, Texas-based energy producer emphasized it had …

Source: Reuters

Canadian Natural Resources profit beats on higher oil demand, raises dividend

Reuters


Nov 4 – Canadian Natural Resources Ltd (CNQ.TO) reported a third-quarter profit on Thursday that beat analysts’ estimates, helped by a recovery in oil demand and higher output, and the company said it would increase its dividend.

 

The …

Source: Reuters

Refiner Marathon warns natgas rally may hurt profits, shares fall

Reuters


Marathon Petroleum Corp signaled on Tuesday that a sustained rally in natural gas prices could take a toll on earnings, sending the largest U.S. refiner’s shares down 4%.

The warning comes after U.S. natural gas prices soared more than …

Source: Reuters

Shale driller Diamondback to hold oil output steady through 2022

World Oil


HOUSTON (Bloomberg) –Diamondback Energy Inc. just gave one of the first shale production forecasts for next year, and it’s holding pat.

Even as the market girds for $100 crude in 2022, the Permian Basin driller is pledging to …

Source: CNBC

Saudi Aramco posts 160% rise in third-quarter profit, chairman calls for ‘stable’ energy transition

CNBC


DUBAI, United Arab Emirates — Saudi Arabia’s oil giant Aramco has posted a 158% increase in third quarter net income to $30.4 billion, as the world’s largest oil companies continue to benefit from the reopening of the global economy

Source: Reuters

Exxon, Chevron target billions in share buybacks as cash flow surges

World Oil


HOUSTON (Bloomberg) –Exxon Mobil Corp. and Chevron Corp. are plowing windfall profits into share buybacks as soaring energy prices boost their cash flow.

Exxon will revive repurchases for the first time since 2016. The company said Friday it …

Source: Reuters

Phillips 66 posts second straight quarterly profit as fuel demand rebounds

Reuters


U.S refiner Phillips 66 posted its second straight quarterly profit on Friday as demand for gasoline, diesel and other distillates bounced back from pandemic lows thanks to vaccinations and easing restrictions.

Energy demand has recovered swiftly from the worst …

Source: CNBC

Chevron reports highest free cash flow on record as rebound in oil boost results; shares gain

CNBC


Chevron said Friday that it generated the highest free cash flow on record during the third quarter, as surging commodities prices and lower operational costs boosted operations.

 

The oil giant beat top- and bottom-line estimates for the period, …

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

Halliburton posts Q3 profit as drilling rebounds, eyes jump in customer spending

Reuters


U.S. oilfield firm Halliburton Co on Tuesday posted its third consecutive quarterly profit and said customer spending in the United States could jump 20% next year, as stronger oil prices and drilling activity boost demand for services and equipment.…

Source: Reuters

PetroTal announces Q3 2021 operations and liquidity update

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

Evolution Petroleum reports fourth quarter and fiscal 2021 results and increases quarterly dividend

Evolution Petroleum reports fourth quarter and fiscal 2021 results and increases quarterly dividend

HOUSTON, TX / ACCESSWIRE / September 13, 2021 / Evolution Petroleum (NYSE American:EPM) (“Ev…

Lonestar Reports Second Quarter 2021 Results: Operational Momentum Is Accelerating

Lonestar Reports Second Quarter 2021 Results: Operational Momentum Is Accelerating

Lonestar Resources US Inc. (OTCQX: LONE) (including its subsidiaries, “Lonestar,…

Source: Reuters

Saudi Aramco Q2 profit soars on higher prices, demand recovery

Reuters


DUBAI – Saudi Arabian state oil producer Aramco (2222.SE) reported a near four-fold rise in second-quarter net profit on Sunday, beating expectations and boosted by higher oil prices and a recovery in oil demand.

Aramco said its results were …

Source: Reuters

CorEnergy Announces Second Quarter 2021 Results

CorEnergy Infrastructure Trust, Inc. (NYSE: CORR, CORRPrA) (“CorEnergy” or the “Company…

Source: Reuters

Petrobras earnings jump on oil rally and Brazil’s water crisis

Bloomberg


Brazil’s state-controlled oil company saw its earnings surge in the second quarter, thanks to a rally in crude prices and a hydropower crunch in Brazil that boosted electricity demand.

Since late last year, Petrobras has sold more fuel oil …

Source: Reuters

Canadian Natural sets new emission goals after profit beat

Reuters


Oil producer Canadian Natural Resources on Thursday set new environmental targets after it beat market estimates for second-quarter profit, buoyed by higher oil prices, which rebounded from pandemic-driven lows.

Cash-rich Canadian oil sands producers have come under pressure to …

Murphy Oil Corporation Announces Second Quarter 2021 Results

Murphy Oil Corporation Announces Second Quarter 2021 Results

Exceeds Production Guidance, Accelerates Debt Reduction Plan, Publishes 2…

Source: Reuters

Marathon Petroleum Corp. reports second-quarter 2021 results

Marathon Petroleum Corp. Reports Second-Quarter 2021 Results PR Newswire …

NuVista Energy Ltd. announces positive second quarter 2021 financial and operating results

NuVista Energy Ltd. announces positive second quarter 2021 financial and operating results

CALGARY, Alberta, Aug. 04, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista…

Source: Reuters

BP shares climb after payout boost, energising transition

Reuters


LONDON – BP boosted its dividend and share buybacks on Tuesday, sending its shares up by over 5%, after beating expectations with a $2.8 billion second-quarter profit powered by higher oil prices and recovering demand.

The strong results, underpinned …

Phillips 66 reports second-quarter 2021 financial results

Phillips 66 reports second-quarter 2021 financial results

Reported second-quarter earnings of $296 million or $0.66 per share; adjusted earning…

Source: Fox Business

Chevron tops profit estimates, joins share buyback stampede

Fox Business


Chevron Corp on Friday reported its highest profit in six quarters and joined an oil industry stampede to reward investors with share buybacks, as rebounding crude oil prices carried earnings and cash flow to pre-pandemic levels.

Oil and …

Imperial announces second quarter 2021 financial and operating results

Imperial announces second quarter 2021 financial and operating results

Imperial Oil Limited (TSX, NYSEAM: IMO): Second quarter earnings of $366 …