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,…
…Oasis Petroleum Inc. Provides Return of Capital Plan, Announces Preliminary 2021 Results,…
…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.…
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 …
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 …
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,”
(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 …
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 …
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 …
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 …
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 …
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 …
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.…
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 …
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
Enbridge Announces 2022 Financial Guidance, Increases Dividend, and Provides Update on St…
…CALGARY, Alberta, Dec. 01, 2021 (GLOBE NEWSWIRE) — Baytex Energy Corp. (“Baytex…
…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.…
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 …
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 …
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 …
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 …
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
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 …
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 …
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 …
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.…