Earnings

ExxonMobil Corporate Plan More Than Doubles Earnings Potential From 2019 to 2027; 18% Compound Annual Earnings Growth Significantly Outpaces Peers1

On track to deliver ~$14 billion of further earnings and cash flow growth potential over the …

December 6, 2023 - 6:30 am Earnings, Press Releases
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, …

Pine Cliff Energy Ltd. announces strategic acquisition, new term debt facility and monthly dividend

Pine Cliff Energy Ltd. announces strategic acquisition, new term debt facility and monthly dividend

Oil and Gas 360


Calgary, Alberta–(Newsfile Corp. – October 31, 2023) – Pine Cliff Energy Ltd. (TSX: PNE) (OTCQX: PIFYF) (“Pine Cliff” or the “Company“) is pleased to announce that it has entered into a definitive …

Source: Reuters

Marathon Petroleum tops profit estimates on strong fuel demand

Oil Price


Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for the third quarter of 2023. Adjusted earnings per share came in …

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

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 …

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

Halliburton profit beats as higher global drilling offsets weak N.America

Yahoo Finance


Halliburton’s third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. The increased demand comes as oil and gas companies reinvest their record profits from the market disruption …

WM Sets Date for Third Quarter Earnings Release Conference Call

WM (NYSE: WM) announced that it will release third quarter financial results after the close of t…

September 25, 2023 - 6:00 pm Conference Calls & Webcasts, Earnings, Press Releases

Murphy Oil Corporation Schedules Third Quarter 2023 Earnings Release and Conference Call

Murphy Oil Corporation (NYSE: MUR) will host a conference call and webcast beginning at 9:00 a.m….

September 25, 2023 - 4:30 pm Conference Calls & Webcasts, Earnings, Press Releases
Zedcor Inc. Announces Second Quarter Results for 2023 With Increase in Year Over Year Revenue and $0.03 Earnings per Share

Zedcor Inc. Announces Second Quarter Results for 2023 With Increase in Year Over Year Revenue and $0.03 Earnings per Share

Calgary, Alberta–(Newsfile Corp. – August 15, 2023) – Zedcor Inc. (TSXV: ZDC) (the “Company”) to…

August 15, 2023 - 9:30 pm Earnings, Press Releases
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

Siemens Energy reviews wind business after earnings hit

Oil Price


Siemens Energy has initiated a review of its wind business after taking a large hit to earnings and expected full-year revenues and profits due to problems at its unit Siemens Gamesa, one of the largest wind turbine makers …

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 …

Source: Reuters

Baker Hughes Company announces second quarter 2023 results

Oil and Gas 360


  • Orders of $7.5 billion for the quarter, up 28% year-over-year.
  • Revenue of $6.3 billion for the quarter, up 25% year-over-year.
  • Net income attributable to Baker Hughes Company of $410 million for the quarter, up $1,248 million
Halliburton announces second quarter 2023 results

Halliburton announces second quarter 2023 results

Oil and Gas 360


  • Reported net income of $0.68 per diluted share.
  • Adjusted net income per diluted share1 of $0.77 increased more than 50% year-over-year.
  • Revenue of $5.8 billion, increased 14% year-over-year.
  • Operating margin of 17.4%, a 329 basis
GeoPark announces second quarter 2023 operational update

GeoPark announces second quarter 2023 operational update

Oil and Gas 360


Publisher’s Note: GeoPark will be presenting at the 28th annual EnerCom Denver – The Energy Investment Conference that brings together energy companies, investors, analysts, and key industry leaders. Register to attend at www.enercomdenver.com

INCREASING ACTIVITY