Post Tagged with: "Earnings"

Source: Reuters

Exxon earnings hurt by Russia exit, triples buybacks on high oil prices

Yahoo Finance


Exxon Mobil Corp. and Chevron Corp. pledged to ramp up shareholder returns as crude oil and natural gas prices surged to multi-year highs following Russia’s invasion of Ukraine.

Despite pleas from politicians to ease the burden on consumers, …

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,…

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

Canadian Natural sets new emission goals after profit beat

Reuters


Oil producer Canadian Natural Resources on Thursday set new environmental targets after it beat market estimates for second-quarter profit, buoyed by higher oil prices, which rebounded from pandemic-driven lows.

Cash-rich Canadian oil sands producers have come under pressure to …

Murphy Oil Corporation Announces Second Quarter 2021 Results

Murphy Oil Corporation Announces Second Quarter 2021 Results

Exceeds Production Guidance, Accelerates Debt Reduction Plan, Publishes 2…

Source: Reuters

Marathon Petroleum Corp. reports second-quarter 2021 results

Marathon Petroleum Corp. Reports Second-Quarter 2021 Results PR Newswire …

Valero Energy reports second quarter 2021 results

Valero Energy reports second quarter 2021 results

Reported net income attributable to Valero stockholders of $162 million, or $0.39 per…

Source: bizjournals.com

Pioneer Natural Resources warns of $832 mln derivatives loss

Nasdaq


Independent shale producer Pioneer Natural Resources PXD.N on Tuesday warned it would be hit by an $832 million second-quarter loss on oil and gas derivatives.

 

Many producers locked in sales when oil prices rose above $40 a barrel …

Range announces second quarter 2021 financial results

Range announces second quarter 2021 financial results

FORT WORTH, Texas, July 26, 2021 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: R…

NuVista Energy Ltd. announces positive first quarter 2021 financial and operating results

NuVista Energy Ltd. announces positive first quarter 2021 financial and operating results

CALGARY, Alberta, May 11, 2021 (GLOBE NEWSWIRE) — NuVista Energy Ltd. (“NuVista…

PDC Energy announces 2021 first quarter financial and operating results

PDC Energy announces 2021 first quarter financial and operating results

DENVER, May 05, 2021 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the …

GeoPark Reports First Quarter 2021 Results

GeoPark Reports First Quarter 2021 Results

Oil and Gas 360


STRONG FREE CASH FLOW GENERATION
FUNDS INCREASED DEVELOPMENT AND EXPLORATION PROGRAM,
DEBT REDUCTION AND BALANCE SHEET STRENGTHENING,
AND CASH DIVIDENDS TO SHAREHOLDERS 

Bogota, Colombia – May 5, 2021 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: …

GeoPark announces quarterly cash dividend of $0.0205 per share

GeoPark announces quarterly cash dividend of $0.0205 per share

 

FOR IMMEDIATE DISTRIBUTION

GEOPARK ANNOUNCES QUARTERLY CASH DIVIDEND OF $0.0205 PER SHARE

Bogota, Colombia – May 5, 2021 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator …

Earthstone Energy, Inc. reports 2021 first quarter financial results

Earthstone Energy, Inc. reports 2021 first quarter financial results

Generates $31.8 Million of Free Cash Flow Earthstone Energy, Inc. (NYSE: ES…

Source: patenergy.com

Patterson-UTI Energy Reports Financial Results for the Three Months Ended March 31, 2021

Patterson-UTI Energy Reports Financial Results for the Three Months Ended March 31, 2021 …

Colombia’s Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023

Colombia’s Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023

Reuters


BOGOTA – Colombia’s majority state-run oil company, Ecopetrol, will make up to $15 billion of organic investment between 2021 and 2023, it said on Tuesday, as it reported an 87.3% drop in 2020 net profit.Colombia's Ecopetrol 2020 net profit down 87.3%, to invest up to $15 billion by 2023- oil and gas 360The company will invest …

Source: Reuters

Schlumberger echoes rivals’ oil recovery predictions after results beat

Reuters


Schlumberger NV on Friday joined rivals in predicting a steady recovery in the oil industry this year after the world’s top oilfield services provider’s fourth-quarter results beat estimates, aided partly by growing demand for drilling.

Easing of COVID-19 related …

Source: Reuters

Morgan Stanley beats estimates on better-than-expected Wall Street and wealth management results

CNBC


Morgan Stanley on Wednesday posted fourth-quarter profit and revenue that exceeded analysts’ expectations on strong trading, investment banking and wealth management results.

The firm reported a 51% increase in profit to $3.39 billion, or $1.81 per share. When excluding …

January 20, 2021 - 3:30 pm Closing Bell Story‎, Finance
Source: Reuters

Enbridge forecasts higher 2021 core earnings on likely better volumes, rates

Reuters


Canadian pipeline operator Enbridge Inc on Tuesday forecast higher core earnings in 2021 and raised its annual dividend, saying it expects to see volume on its Liquids Mainline System improve next year.

A coronavirus-led plunge in demand for crude …

December 8, 2020 - 1:30 pm Closing Bell Story‎, Finance
Source: CNBC

Halfway through earnings season, the coronavirus resurgence is overshadowing great results

CNBC


Earnings hopes wilt as fresh Covid outbreak throws 2021 reopening in doubt. That’s the story of earnings season so far.

It’s the one word investors didn’t want to hear: lockdown. Never mind it’s mostly in Europe, and only partial. 

October 29, 2020 - 3:00 pm Closing Bell Story‎, Earnings, Finance
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 …

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

Source: Reuters

Big Oil braces for second-quarter losses after virus whips up perfect storm

Reuters


LONDON – Top U.S. and European oil and gas companies are forecast to swing into a second quarter loss after coronavirus lockdowns destroyed fuel demand, hit prices and squeezed margins, analysts said and Refinitiv Eikon data showed.

The expected

July 27, 2020 - 2:30 pm Closing Bell Story‎, Crude Oil News, Earnings, Energy News
Source: CNBC

Deutsche Bank targets earnings beat but guidance throws up questions

CNBC


Deutsche Bank is expecting to announce quarterly earnings “slightly above” consensus on Wednesday, but the guidance raises questions about the investment bank (IB) market share, according to Barclays analysts.

Consensus estimates compiled by the bank pointed to a net

July 27, 2020 - 2:00 pm Capital Markets, Closing Bell Story‎, Earnings, Finance
Source: CNBC

Market heads into worst earnings season in 12 years amid worries virus is slowing recovery

CNBC


The worst earnings season in years is about to begin, and it’s possible the stock market could shrug off the sharp profit decline, as long as companies see some signs of a recovery ahead.

Earnings are expected to fall …

Source: Reuters

‘Disaster’ U.S. earnings loom, but investors try and look beyond

Reuters


NEW YORK – U.S. companies are preparing to open their books on a quarter that is set to show the biggest earnings fall since the financial crisis, leaving investors looking for light at the end of the tunnel.

The …

July 9, 2020 - 2:00 pm Closing Bell Story‎, Earnings, Economy, Finance
Fortis Inc. reports first quarter 2020 earnings¹

Fortis Inc. reports first quarter 2020 earnings¹

Oil and Gas 360


ST. JOHN’S, Newfoundland and Labrador, May 06, 2020 (GLOBE NEWSWIRE) — Fortis Inc. (“Fortis” or the “Corporation”) (TSX/NYSE: FTS), a well-diversified leader in the North American regulated electric and gas utility industry, released its first quarter …

Source: CNBC

Total’s net profit falls 35% in the first quarter as oil prices slide

CNBC


Total on Tuesday posted a significant fall in first-quarter net profit, as oil prices tumbled to historic lows following a drop-off in demand due to the coronavirus crisis.

The French energy major reported Tuesday that first-quarter net profit came

Source: CNBC

BP’s net profit slides 67% in the first quarter following a historic fall in oil prices

CNBC


Energy giant BP reported a significant fall in first-quarter net profit on Tuesday, as oil prices continue to dive amid intensifying concerns about the coronavirus crisis and dwindling storage capacity.

The U.K.-based oil and gas company posted first-quarter underlying

Source: Reuters

Big Oil investors to look past earnings pain and focus on dividends

Reuters


LONDON/HOUSTON – Investors already braced for poor first-quarter earnings from major oil and gas companies next week will focus on how executives plan to save cash and whether they will cut dividends following the collapse in oil prices.

The …