Earnings

Source: CNBC

BP CEO says dividend cut ‘deeply rooted in strategy’ as energy giant ramps up renewable investment

CNBC


The CEO of oil and gas giant BP told CNBC on Wednesday that its decision to “reset” its dividend to 5.25 cents a share was “deeply rooted in strategy.”

The newly announced dividend represents a 50% reduction compared to

Source: Reuters

Exxon to suspend company match to employee retirement plans in October: sources

Reuters


HOUSTON – Exxon Mobil Corp (XOM.N) told employees it would begin suspending the employer match to retirement savings plans beginning in early October, said sources who received a message from the company on Tuesday.

“Given the current …

SilverBow Resources Announces Second Quarter 2020 Results
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SilverBow Resources Announces Second Quarter 2020 Results

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company …

NuVista Energy Ltd. Provides Second Quarter Operating Results and Reinstates 2020 Production Guidance

CALGARY, Alberta, Aug. 04, 2020 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista…

Gran Tierra Energy Inc. Announces Second Quarter 2020 Results

Gran Tierra Energy Inc. Announces Second Quarter 2020 Results

Achieved Significant Reductions in Operating and G&A Costs Resumption of Produ…

August 5, 2020 - 4:22 am Earnings, Finance, Press Releases
Enable Midstream Announces Second Quarter 2020 Financial and Operating Results
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Enable Midstream Announces Second Quarter 2020 Financial and Operating Results

Contracted or extended over 950,000 dekatherms per day (Dth/d) of transportation capacity …

August 5, 2020 - 4:22 am Earnings, Finance, Press Releases
Patterson-UTI Reports Drilling Activity for July 2020

Patterson-UTI Reports Drilling Activity for July 2020

HOUSTON , Aug. 5, 2020 /PRNewswire/ —  PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN)&#…

Berry Corporation (bry) Reports Second Quarter 2020 Results; Achieved Significant Operating Expense Reductions; Added 2021 Oil Hedges

DALLAS, Aug. 04, 2020 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Be…

August 4, 2020 - 6:37 pm Earnings, Finance, Press Releases

Teekay Group Announces Second Quarter 2020 Earnings Results Conference Calls

HAMILTON, Bermuda, Aug. 04, 2020 (GLOBE NEWSWIRE) — Teekay Corporation ( Teekay ) (NYSE:TK…

August 4, 2020 - 4:05 pm Conference Calls & Webcasts, Earnings, Press Releases
Source: CNBC

BP reports second-quarter loss after major write downs, halves dividend

CNBC


Energy giant BP reported a significant loss for the second quarter on Tuesday, after downgrading the value of some of its assets on expectations of lower commodity prices.

Second-quarter underlying replacement cost profit, used as a proxy for net

HighPoint Resources Reports Second Quarter 2020 Financial and Operating Results

HighPoint Resources Reports Second Quarter 2020 Financial and Operating Results

Reported production sales volume of 2.9 million barrels of oil equivalent (“MMBoe”) for th…

August 4, 2020 - 6:59 am Earnings, Finance, Press Releases
NuStar Energy L.P. Reports Second Quarter 2020 Earnings Results

NuStar Energy L.P. Reports Second Quarter 2020 Earnings Results

Solid Results Reported Despite Challenges of Global Pandemic, Including Some Improvements …

August 4, 2020 - 6:45 am Earnings, Press Releases

Frank’s International N.V. Announces Second Quarter 2020 Results

HOUSTON, Aug. 04, 2020 (GLOBE NEWSWIRE) — Frank’s International N.V. (NYSE: FI) (th…

August 4, 2020 - 6:08 am Earnings, Finance, Press Releases
International Petroleum Corporation Second Quarter 2020 Financial Results and Corporate Update

International Petroleum Corporation Second Quarter 2020 Financial Results and Corporate Update

TORONTO, Aug. 04, 2020 (GLOBE NEWSWIRE) — International Petroleum Corporation (IPC or the…

CMS Energy Announces Second Quarter Earnings Results of $0.48 Per Share and Reaffirms 2020 Earnings Guidance

CMS Energy Announces Second Quarter Earnings Results of $0.48 Per Share and Reaffirms 2020 Earnings Guidance

JACKSON, Mich. , Aug. 3, 2020 /PRNewswire/ – CMS Energy announced today reported ne…

August 3, 2020 - 8:00 am Earnings, Press Releases
Marathon Petroleum Corp. Reports Second-Quarter 2020 Results

Marathon Petroleum Corp. Reports Second-Quarter 2020 Results

FINDLAY, Ohio , Aug. 3, 2020 /PRNewswire/ — Reported second-quarter income of $9 m…

Noble Energy Announces Second Quarter Results
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Noble Energy Announces Second Quarter Results

Noble Energy, Inc. (NASDAQ: NBL ) (“Noble Energy” or the “Companyȁ…

Noble Midstream Partners Reports Second-Quarter 2020 Results
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Noble Midstream Partners Reports Second-Quarter 2020 Results

Self-Funding Business Model Achieved through Cash Cost Reductions and Equity Method Inflec…

Loews Corporation Reports Net Loss Of $835 Million For The Second Quarter Of 2020

Loews Corporation Reports Net Loss Of $835 Million For The Second Quarter Of 2020

NEW YORK , Aug. 3, 2020 /PRNewswire/ — Loews Corporation (NYSE: L) today reported a net …

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New Fortress Energy Announces Second Quarter 2020 Results

New Fortress Energy LLC (NASDAQ: NFE) (“NFE” or the “Company”) to…

Kosmos Energy Announces Second Quarter 2020 Results

Kosmos Energy Announces Second Quarter 2020 Results

Kosmos Energy Ltd. (“Kosmos”) (NYSE: KOS) announced today the financial and ope…

VAALCO Schedules Second Quarter 2020 Earnings Release and Conference Call

HOUSTON, Aug. 03, 2020 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) today …

August 3, 2020 - 2:00 am Conference Calls & Webcasts, Earnings, Press Releases
Correction: The Eastern Company Reports Results for the Second Quarter 2020 a 21% Decline in Net Sales to $48.8 Million; a Loss of $0.30 per Share, Primarily Due to $4.0 Million Goodwill Charge; and Adjusted Earnings of $0.23 per Share

Correction: The Eastern Company Reports Results for the Second Quarter 2020 a 21% Decline in Net Sales to $48.8 Million; a Loss of $0.30 per Share, Primarily Due to $4.0 Million Goodwill Charge; and Adjusted Earnings of $0.23 per Share

This revised press release corrects the press release issued by The Eastern Company (NASDAQ:…

August 1, 2020 - 11:30 am Earnings, Press Releases
Oasis Midstream Partners Schedules Second Quarter 2020 Conference Call for August 5, 2020

Oasis Midstream Partners Schedules Second Quarter 2020 Conference Call for August 5, 2020

HOUSTON , July 31, 2020 /PRNewswire/ — Oasis Midstream Partners LP (Nasdaq: OMP) (“…

Oasis Petroleum Schedules Second Quarter 2020 Conference Call for August 5, 2020

HOUSTON , July 31, 2020 /PRNewswire/ — Oasis Petroleum Inc. (Nasdaq: OAS) (“Oasis” …

August 1, 2020 - 4:30 am Earnings, Finance, Press Releases
Source: Reuters

Refiner Phillips 66 posts smaller-than-expected loss on higher retail margins

Reuters


Phillips 66 posted a smaller-than-expected loss on Friday as the refiner’s retail marketing business, which buys and resells petroleum products, benefited from a decline in prices following the coronavirus crisis.

The unit buys refined products from others and resells …

Source: Reuters

Canada’s Imperial Oil posts loss on coronavirus-led oil slump

Reuters


Canadian integrated energy company Imperial Oil Ltd (IMO.TO) posted a second-straight quarterly loss on Friday, hit by lower crude prices and refining margins as the COVID-19 pandemic dented demand for fuel and related products.

The coronavirus outbreak …

Source: Reuters

Exxon posts second straight quarterly loss on demand, price plunge

Reuters


HOUSTON – Exxon Mobil Corp (XOM.N) on Friday reported a $1.1 billion second-quarter loss on sharply lower energy demand and prices from the COVID-19 pandemic, and confirmed plans to make deeper spending cuts.

It was Exxon’s first …

Source: Reuters

Chevron posts $8.3 billion second-quarter loss on write downs, job cuts

Reuters


HOUSTON  – Chevron Corp (CVX.N) on Friday reported an $8.3 billion loss in the second quarter on asset writedowns from plummeting fuel prices, a forced exit from Venezuela and expenses tied to thousands of jobs cuts.

Multibillion-dollar …

The Eastern Company Reports Results for the Second Quarter 2020 a 21% Decline in Net Sales to $48.8 Million; a Loss of $0.30 per Share, Primarily Due to $4.0 Million Goodwill Charge; and Adjusted Earnings of $0.38 per Share

The Eastern Company Reports Results for the Second Quarter 2020 a 21% Decline in Net Sales to $48.8 Million; a Loss of $0.30 per Share, Primarily Due to $4.0 Million Goodwill Charge; and Adjusted Earnings of $0.38 per Share

NAUGATUCK, CT / ACCESSWIRE / July 31, 2020 / The Eastern Company (“Eastern” or the “Company”…

July 31, 2020 - 8:00 am Earnings, Press Releases