earnings season

Oil & Gas 360 - KLX Energy Services Completes Motley Acquisition

National Oilwell Varco Posts Nearly $5.4 Billion Loss During Second Quarter

July 30, 2019

From The Houston Chronicle Houston oilfield service company National Oilwell Varco reported a multibillion loss during the second quarter amid what executives are calling a “generational oilfield downturn.” NOV reported a nearly $5.39 billion loss on $2.13 billion of revenue during the second quarter. The figures translated into a $14.11 loss per share. The second quarter earnings were mixed compared

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

July 30, 2019

From Reuters A strong rise in oil and gas production helped BP (BP.L) offset weaker crude prices and refining profit to again beat profit expectations on Tuesday, boosting its shares. BP’s second quarter contrasts with Total (TOTF.PA) and Norway’s Equinor (EQNR.OL), which posted sharp earnings drops, and builds on a steady recovery after deep cost cuts since the 2014 downturn,

National Oilwell Varco Posts Nearly $5.4 Billion Loss During Second Quarter

BP Profit Again Outstrips Forecasts, Lifted by Higher Oil Output

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