Corporate Performance Announcements

Source: Liberty Energy

Liberty Energy Inc. announces fourth quarter and full year 2023 financial and operational results and increase in existing share repurchase authorization to $750 million

Oil and Gas 360


January 24, 2024

DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today full year and fourth quarter 2023 financial and operational results.

Summary Results and Highlights

  • Revenue of $4.7 billion for the
Source: Reuters

Tullow Oil on track to deliver $600 million free cash flow over next 2 years

Nasdaq


West Africa-focused Tullow Oil TLW.L said on Wednesday it was on track to deliver about $600 million free cash flow over the next two years to achieve its stated target of $800 million from 2023 to 2025, sending its …

Source: Reuters

Halliburton announces fourth quarter 2023 results and increases dividend

Oil and Gas 360


  • Net income of $0.74 per diluted share.
  • Adjusted net income per diluted shareof $0.86, excluding losses in Argentina primarily due to currency devaluation.
  • Revenue of $5.7 billion and operating margin of 18%.
  • Cash flow
Source: Reuters

Oilfield services giant SLB tops profit estimates amid overseas business strength

Investing


Investing.com — Oilfield services giant SLB (NYSE:SLB) has reported fourth-quarter profit that topped analyst estimates and bumped up its dividend.

Houston-based SLB posted a 21% jump in net income attributable to shareholders, excluding charges and credits, to …

Vital Energy provides select preliminary fourth-quarter 2023 results

Vital Energy provides select preliminary fourth-quarter 2023 results

Oil and Gas 360


Total and oil production exceed outlook with capital investments in-line

Company provides fourth-quarter and full-year 2023 earnings and conference call details

TULSA, OK, Jan. 09, 2024 (GLOBE NEWSWIRE) — Vital Energy, Inc. (NYSE: VTLE) (“Vital Energy” …

Baytex announces 2024 budget and five-year outlook with continued focus on free cash flow generation and shareholder returns

Baytex announces 2024 budget and five-year outlook with continued focus on free cash flow generation and shareholder returns

Oil and Gas 360


Calgary, Alberta–(Newsfile Corp. – December 6, 2023) – Baytex Energy Corp. (TSX: BTE) (NYSE: BTE) (“Baytex”) announces that its Board of Directors has approved a budget for 2024 exploration and development expenditures …

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

Empire Petroleum announces results for third quarter 2023

Empire Petroleum announces results for third quarter 2023

Oil and Gas 360


~ Strategic Initiatives Executed in Q3 Further Position Empire for Long-Term Success ~

~ Continuing to Make Significant Progress on Starbuck Drilling Program ~

TULSA, Okla. – mpire Petroleum (NYSE American: EP) (“Empire” or the “Company”),

Source: Reuters

TC Energy beats third-quarter profit estimates on high LNG demand

Nasdaq


Pipeline operator TC Energy TRP.TO on Wednesday beat third-quarter profit estimates, as it gained from transporting higher volumes of liquefied natural gas.

The company reported an adjusted profit of C$1.00 ($0.7262) per share for the quarter ended Sept. 30, …

Source: Reuters

bp’s quarterly results bring “quiet” Canadian interim CEO into spotlight after Looney’s suprise resignation

World Oil


(Bloomberg) – Less than two months since Bernard Looney’s shock resignation, BP Plc is going into its first set of quarterly results without a permanent chief executive officer. In his place will stand Murray Auchincloss, the 53-year …

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 …

Source: Reuters

Phillips 66 books Q3 profit below expectations

Oil Price


U.S. refiner Phillips 66 (NYSE: PSX) reported on Friday adjusted earnings of $4.63 per share for the third quarter, missing analyst expectations despite stronger refining margins compared to the second quarter.

 

Phillips 66, which also …

NOG provides preliminary financial and operational updates for the third quarter of 2023

NOG provides preliminary financial and operational updates for the third quarter of 2023

Oil and Gas 360


MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an update on Ground Game acquisitions and certain other financial and operational items for the third quarter of 2023.

 

NOG provides preliminary financial and operational updates for the third quarter of 2023- oil and gas 360

HIGHLIGHTS

Source: Reuters

International drilling rebound helps SLB beat earnings estimates

Oil Price


Oilfield services giant SLB (NYSE: SLB) reported on Friday higher-than-expected earnings for the third quarter as global drilling demand further strengthened amid what the world’s biggest oilfield services provider described as an ongoing “multiyear growth cycle”.…

Source: Reuters

Shell shares hit record high with stronger focus on oil, gas business

World Oil


(Bloomberg) – Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors. Shares of the company rose as high as 2,763 pence …

Vitesse Energy announces several impactful acquisitions, revised 2023 guidance and preliminary 2024 outlook, and additional hedging

Vitesse Energy announces several impactful acquisitions, revised 2023 guidance and preliminary 2024 outlook, and additional hedging

Oil and Gas 360


CENTENNIAL, Colo.–(BUSINESS WIRE)– Vitesse Energy, Inc. (NYSE: VTS) (“Vitesse” or the “Company”) today announced several impactful acquisitions, revised 2023 guidance and a preliminary outlook on 2024, and additional hedging.

ACQUISITIONS

Vitesse has acquired additional oil and …

NuVista Energy Ltd. announces record production and positive second quarter 2023 financial and operating results

NuVista Energy Ltd. announces record production and positive second quarter 2023 financial and operating results

BOE Report


Publisher’s Note: NuVista Energy will be presenting at EnerCom Denver- The Energy Investment Conference next week on Tuesday August 15, 2023. You can still register to attend and qualified investors can still schedule one-on-one meetings with the management

Source: Reuters

Aramco boosts dividend as Q2 profit drops 38% to $30.1 billion

Yahoo Finance


DUBAI – Saudi state oil giant Aramco on Monday announced an additional near $10 billion dividend, most of which will go to the government, the first of several extra payouts on top of its expected $153 billion base …

SilverBow Resources announces second quarter 2023 results

SilverBow Resources announces second quarter 2023 results

Oil and Gas 360


Publisher’s Note: SilverBow Resources will be a presenter at EnerCom Denver – The Energy Investment Conference. Investors, analysts, and energy industry professionals can still register to attend at www.enercomdenver.com

 

SilverBow Resources announces second quarter 2023 results- oil and gas 360

 

Second quarter equivalent net production

SM Energy reports second quarter 2023 results: Strong operational execution and increased return of capital; closed transactions adding 22,800 net midland acres

SM Energy reports second quarter 2023 results: Strong operational execution and increased return of capital; closed transactions adding 22,800 net midland acres

Oil and Gas 360


Publisher’s Note: SM Energy will be a presenter at EnerCom Denver – The Energy Investment Conference. Investors, analysts, and energy industry professionals can still register to attend at www.enercomdenver.com

DENVERAug. 2, 2023 /PRNewswire/ — …

Source: Reuters

Chesapeake Energy Corporation reports 2023 second quarter results

Oil and Gas 360


OKLAHOMA CITYAug. 1, 2023 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2023 second quarter financial and operating results.

  • Net cash provided by operating activities of $515 million
  • Net income of $391
Source: Reuters

BP raises dividend despite 70% earnings plunge

Oil Price


BP (NYSE: BP) raised its dividend even as it missed earnings estimates after reporting on Tuesday a 70% annual decline in second-quarter profit, due to lower oil and gas prices and weaker refining margins and trading …

Source: Reuters

Chevron’s earnings drop on lower energy prices, weaker refining margins

Oil Price


Chevron (NYSE: CVX) reported on Friday lower earnings for the second quarter of 2023 compared to the same period of 2022, joining the other international supermajors in booking reduced profits on the back of much lower …

Source: Reuters

Shell and TotalEnergies profits slump as oil and gas prices cool

Nasdaq


LONDON/PARIS – Shell SHEL.L and TotalEnergies TTEF.PA reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened.

 

Oil and gas prices soared last year in the …

Source: NOG

NOG provides update on 2023 guidance and preliminary second quarter financial and operational update

Oil and Gas 360


MINNEAPOLIS–(BUSINESS WIRE)– Northern Oil and Gas, Inc. (NYSE: NOG) (“NOG” or the “Company”) today provided an update to 2023 guidance and a preliminary second quarter financial and operational update.

UPDATED GUIDANCE

NOG is updating guidance for …

Source: Reuters

Chevron’s $6 billion second-quarter profit tops analysts’ outlook

Nasdaq


HOUSTON – Chevron Corp’s CVX.N second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more acquisitions and to increasing shareholder distributions …

Source: Reuters

SLB beats profit forecast as offshore and international drilling rebounds

Oil Price


The biggest oilfield services firm in the world, SLB (NYSE: SLB), reported on Friday higher-than-expected earnings for the second quarter thanks to higher offshore drilling activity and a rebound in the international markets.

 

SLB’s earnings per share …

Liberty Energy Inc. announces second quarter 2023 financial and operational results

Liberty Energy Inc. announces second quarter 2023 financial and operational results

Oil and Gas 360


Publisher’s Note: Chris Wright, CEO of Liberty Energy, will be a lunch Keynote Speaker on Monday, August 14, 2023, at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies,

EQT declares quarterly cash dividend

EQT declares quarterly cash dividend

Oil and Gas 360


PITTSBURGHJuly 19, 2023 /PRNewswire/ — EQT Corporation (NYSE: EQT) today declared a quarterly cash dividend of $0.15 per share, payable on September 1, 2023, to shareholders of record at the close of business on …