Post Tagged with: "Earnings"

EQT announces strategic production curtailment

EQT announces strategic production curtailment

Oil and Gas 360


PITTSBURGHMarch 4, 2024 /PRNewswire/ — EQT Corporation (NYSE: EQT) (“EQT” or the “Company”) today announced it made the strategic decision to curtail approximately 1 Bcf per day of gross production beginning in late February …

Source: Canadian Natural Resources

Canadian Natural Resources lifts dividend after posting record production

Oil Price


Canadian Natural Resources (NYSE: CNQ) is raising its quarterly dividend as it posted consensus-beating earnings for Q4, driven by record-high oil and natural gas production last year.

Canadian Natural Resources, the biggest oil and gas producer …

Sitio Royalties reports fourth quarter and full year 2023 operational and financial results, recent developments, and provides full year 2024 guidance

Sitio Royalties reports fourth quarter and full year 2023 operational and financial results, recent developments, and provides full year 2024 guidance

Oil and Gas 360


Announces Definitive Agreement to Acquire 13,062 NRAS in the DJ Basin for $150 Million(1)

Announces $200 Million Share Repurchase Program and Updated Return of Capital Framework

Closed on Previously Announced Sale of Anadarko and Appalachia

Source: Reuters

Oxy beats expectations with robust Q4 results

Oil Price


Occidental Petroleum reported its strongest quarterly financial results in three years for the final three months of 2023, beating analyst expectations.

Net income attributable to shareholders came in at $1 billion for the period, which translated into $1.08 …

Comstock Resources, Inc. reports fourth quarter 2023 financial and operating results

Comstock Resources, Inc. reports fourth quarter 2023 financial and operating results

Oil and Gas 360


FRISCO, TX, Feb. 13, 2024 (GLOBE NEWSWIRE) — Comstock Resources, Inc. (“Comstock” or the “Company”) (NYSE: CRK) today reported financial and operating results for the quarter and year ended December 31, 2023.

Highlights of 2023‘s

Range announces fourth quarter production and pricing

Range announces fourth quarter production and pricing

Oil and Gas 360


FORT WORTH, Texas, Feb. 06, 2024 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced fourth quarter 2023 expectations for production and pricing with fourth quarter production averaging approximately 2,207 Mmcfe per day. In addition, …

BP boosts share buybacks as earnings exceed estimates

BP boosts share buybacks as earnings exceed estimates

Oil Price


BP (NYSE: BP) is accelerating share buybacks as it looks to return more cash to shareholders after posting Q4 and full-year 2023 earnings above expectations.

BP reported on Tuesday an underlying replacement cost profit – the …

Source: Reuters

Chevron profit sinks but beats estimates, shares up

Yahoo Finance


HOUSTON – Chevron Corp on Friday beat analysts’ earnings estimates and increased dividends on higher oil and gas production, after a year of sharply lower profits on missteps and charges. Shares were up 2% in morning trading after …

Source: Ring Energy

Ring Energy announces production results and continued debt reduction for fourth quarter 2023 and partial guidance for the first quarter 2024

Oil and Gas 360


 Record Q4 2023 Sales Volumes Near High End of Guidance ~

~ Further Reduced Debt in Addition to Making Final Payment for the Founders Acquisition ~

THE WOODLANDS, Texas, Jan. 29, 2024 (GLOBE NEWSWIRE) — Ring …

Source: Reuters

Valero Energy reports 2023 fourth quarter and full year results

Oil and Gas 360


January 25, 2024
  • Reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter and $8.8 billion, or $24.92 per share, for the year
  • Reported adjusted net income attributable
Source: Liberty Energy

Liberty Energy Inc. announces fourth quarter and full year 2023 financial and operational results and increase in existing share repurchase authorization to $750 million

Oil and Gas 360


January 24, 2024

DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today full year and fourth quarter 2023 financial and operational results.

Summary Results and Highlights

  • Revenue of $4.7 billion for the
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

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
SilverBow Resources announces first quarter 2023 results

SilverBow Resources announces first quarter 2023 results

Oil and Gas 360


First quarter production increased 35% year-over-year — Two-rig oil development program accelerates oil growth through year-end — Continued cycle time improvements driving greater capital efficiencies

 

SilverBow Resources announces first quarter 2023 results- oil and gas 360

 

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

Source: Reuters

ConocoPhillips reports first quarter 2023 results; raises full year production guidance midpoint and declares quarterly dividend and variable return of cash distribution

BOE Report


HOUSTON–(BUSINESS WIRE)–ConocoPhillips (NYSE: COP) today reported first-quarter 2023 earnings and adjusted earnings of $2.9 billion, or $2.38 per share, compared with first-quarter 2022 earnings of $5.8 billion, or $4.39 per share, and first-quarter 2022 adjusted …

Source: Reuters

Hess earnings outshine with New Guyana discovery

Oil Price


Fourth-quarter earnings on Wednesday saw Hess Corporation (NYSE:HES) soundly beat Wall Street estimates, with another discovery offshore Guyana playing a significant role in the company’s newly revealed $3.7-billion spending plan for 2023.

 

In its Q4 2022 financial …

Source: Reuters

Global oil giants rake in massive profits in third quarter

Yahoo News


Global oil-and-gas giants including Exxon Mobil, Chevron and Equinor posted huge profits in the third quarter, benefiting from surging energy costs that have boosted inflation around the world and hit consumers hard.

Oil companies booked billions of dollars …

Source: Oil Price

Oil major earnings will reignite the windfall taxes debate

Oil Price


Despite weaker oil prices during the third quarter, the oil industry is still booking strong financial results. According to some, this is “awkward” because it is happening during a time of economic hardship. Besides being awkward, however, Big …

Source: Reuters

Haliburton sees net income more than double year-over-year

Oil Price


Halliburton Company (NYSE: HAL), the world’s largest provider of fracking services, reported on Tuesday that adjusted net income for the third quarter more than doubled from the same period last year and expects drilling activity to …

Source: Reuters

Saudi Arabia’s oil export earnings hit a 6-year high in June

World Oil


(Bloomberg) — Saudi Arabia’s oil exports reached $31 billion in June, the highest in at least six years, driven by a rally in prices and rising production.

 

Monthly crude exports topped more than $1 billion a day …

Source: Reuters

U.S. majors Exxon, Chevron post blowout earnings, ramp up buybacks

US News


The two largest U.S. oil companies, Exxon Mobil Corp and Chevron Corp, posted record revenue on Friday, bolstered by surging crude oil and natural gas prices and following similar results for European majors a day earlier.

The U.S.

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…