Corporate Performance Announcements

Oasis Petroleum Inc. provides return of capital plan, announces preliminary 2021 results, and issues 2022 outlook

Oasis Petroleum Inc. provides return of capital plan, announces preliminary 2021 results, and issues 2022 outlook

Oasis Petroleum Inc. Provides Return of Capital Plan, Announces Preliminary 2021 Results,…

Whiting Petroleum announces increase to ownership in its Sanish operating area through acquisitions; 2022 operations guidance; declares first quarterly dividend payment and schedules fourth quarter earnings call 2022

Whiting Petroleum announces increase to ownership in its Sanish operating area through acquisitions; 2022 operations guidance; declares first quarterly dividend payment and schedules fourth quarter earnings call 2022

Oil and Gas 360


Whiting Petroleum Corporation (NYSE: WLL) (“Whiting” or the “Company”) today announced that it has entered into two separate definitive agreements to acquire non-operated oil and gas assets in the Williston Basin of North Dakota. The Company …

Source: Reuters

Energy prices lift BP profits to 8-year high

Yahoo Finance


LONDON – BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated plans to cut emissions with increased spending on low carbon energy.…

Source: Reuters

Higher energy prices drive ConocoPhillips’ quarterly profit beat

Reuters


U.S. oil producer ConocoPhillips topped market estimates for fourth-quarter profit on Thursday and boosted its plan for shareholder returns by $1 billion, as it benefited from sharply higher oil and gas prices.

Easing of global travel restrictions and tight …

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: CNBC

Offshore wind powerhouse Siemens Gamesa sees its value nearly halve in a year

CNBC


Siemens Gamesa Renewable Energy has cut its guidance for the coming year after a turbulent period that has seen its market capitalization nearly halve.

The wind turbine manufacturer on Thursday said it continued to be “challenged by market dynamics,”

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

Fuel demand rebound powers Phillips 66 profit beat

Nasdaq


Jan 28 – Phillips 66 PSX.N posted quarterly earnings that powered past Wall Street estimates on Friday, as the U.S. refiner capitalized on mounting demand for fuel due to a loosening up of coronavirus restrictions.

 

Although refiners had …

Source: Reuters

Chevron shares retreat from a record after fourth-quarter profit falls short of expectations

CNBC


Chevron shares declined Friday after the company reported a mixed quarter, despite surging oil and gas prices.

Chevron earned $2.56 per share excluding items during the fourth quarter, while analysts had been expecting $3.12 per share, according to estimates

Source: Oil Now

Hess unveils US$2.6B budget for 2022; majority to be invested in Guyana, Bakken

Oil Now


U.S. energy company Hess Corporation revealed on Monday that it has allocated a whopping US$2.6B towards its 2022 Exploration and Production budget.  Interestingly, the American explorer said the majority of this expenditure will go towards projects in Guyana …

Source: Reuters

Siemens Energy shares hit record low as sell-off continues

Nasdaq


FRANKFURT, Jan 24 – Shares in Siemens Energy ENR1n.DE hit a record low on Monday as a sell-off triggered by problems at its wind power division Siemens Gamesa SGREN.MC continued following a HSBC downgrade.

Siemens Energy’s stock fell as …

Source: Reuters

Schlumberger expects ‘supercycle’ as demand lifts profit above forecast

Yahoo News


Schlumberger beat expectations with a rise in fourth-quarter profit on Friday as higher crude and natural gas prices drove demand for the world’s largest oilfield services company.

 

Oil prices surged about 50% last year and are trading …

Source: Reuters

Shares in Siemens Energy and its wind business tumble after profit warning

Reuters


MADRID/FRANKFURT -Shares in wind turbine maker Siemens Gamesa tumbled on Friday after it cut its financial outlook for the third time in nine months, dragging down the market value of its rivals as well as parent company Siemens Energy.…

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.…