earnings Archives - Page 2 of 3

Cenovus announces third-quarter 2025 results

October 31, 2025

(BOE Report)– Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) today announced its third-quarter 2025 financial and operating results. The company generated approximately $2.1 billion in cash from operating activities, $2.5 billion of adjusted funds flow and $1.3 billion of free funds flow. Operating results in the quarter included record Upstream production of 832,900 barrels of oil equivalent per day (BOE/d)1 and record

Valero trumps Q3 earnings estimates as refining margins soar

October 23, 2025

(Oil Price)– Valero Energy Corporation (NYSE: VLO) easily beat analyst forecasts of third-quarter earnings as refining margins surged by 44% from a year earlier, exceeding the average increase in U.S. refining margins. Valero reported on Thursday an adjusted net income of $1.1 billion, or $3.66 per share, for the third quarter of 2025. This compares to $371 million, or $1.16 per share,

Halliburton beats quarterly profit estimates on steady North America drilling demand

October 21, 2025

(BOE Report)– Halliburton beat Wall Street estimates for third-quarter profit on Tuesday, helped by steady demand for its oilfield equipment and services in North America. Quarterly revenue from its North America segment was $2.4 billion, flat from a year earlier, but above analysts’ average estimate of $2.17 billion. Halliburton said the results were supported by increased stimulation activity in U.S.

TotalEnergies sees slight profit increase on higher oil output

October 16, 2025

(World Oil)– TotalEnergies SE said its third-quarter profit and cash flow may rise slightly after oil and gas output increased and refining margins jumped from a year earlier, outweighing a drop in crude prices. Despite a drop in oil price of $10 per barrel year-on-year, the results and cash flow from business segments should be flat to 5% higher thanks

Shell’s Q3 profit soars on strong trading and production

October 7, 2025

(Oil Price) – Strong gas trading, higher upstream production and liquefaction volumes, and increased refining margins are expected to boost Shell’s third-quarter earnings, the supermajor said in a trading update on Tuesday. Shell said in its third quarter 2025 update note that trading and optimization in its Integrated Gas division is expected to be “significantly higher” for the third quarter compared

Record Permian output boosts Exxon’s Q2 results

August 1, 2025

(Oil Price)– Despite the slide in oil prices in the second quarter, ExxonMobil (NYSE: XOM) reported on Friday earnings that exceeded analyst estimates on the back of increased oil and gas production in the U.S. Permian shale basin and offshore Guyana. Exxon’s earnings stood at $7.1 billion for the second quarter, or $1.64 per share, as the company achieved its highest

Phillips 66 beats second-quarter profit estimates on higher refining margins

July 25, 2025

(BOE Report)– Refiner Phillips 66 beat Wall Street estimates for second-quarter profit on Friday, helped by higher refining margins and lower turnaround expenses. Top U.S. refiners were expected to post higher second-quarter profit, rebounding from losses in the prior quarter as stronger-than-expected diesel margins lifted earnings. The improved margins helped peers such as Valero Energy surpass Wall Street estimates.

Big oil shrugs at $60 crude—for now

May 21, 2025

(Oil Price) – The biggest international oil firms used the first-quarter earnings calls to reassure investors that Big Oil is in a ‘business as usual’ mode at oil prices at $60 per barrel. As ExxonMobil, Chevron, Shell, BP, and TotalEnergies reported their Q1 earnings and provided guidance for the second quarter and the rest of the year, oil prices were ending one of

Refiners defy oil price slump with strong Q1 profits on solid margins

May 8, 2025

(Oil Price) – Despite slumping oil prices, global refiners are turning in strong first-quarter earnings, thanks to a sharp rebound in profit margins, Reuters reports, with U.S. Gulf Coast refiners processing Mars crude enjoying a doubling of margins to some $16 per barrel, $7 margins in Singapore for Dubai crude, and a 36% margin jump in Asia for Arab Light crude. All in

Permian Basin growth fuels ExxonMobil’s quarterly success

May 2, 2025

(Oil Price) – First-quarter earnings at ExxonMobil (NYSE: XOM) topped analyst estimates as higher production in the Permian and offshore Guyana offset part of the lower realizations due to falling oil prices. Despite the lower earnings compared to a year ago, Exxon expressed confidence that the structural and cost-saving measures of the past few years have prepared it to weather the

Chevron meets Wall Street profit estimates but cuts buybacks in Q2

May 2, 2025

(BOE Report) – Chevron on Friday reported first-quarter earnings that met Wall Street estimates, but said it would spend less on share repurchases in the current quarter, reflecting the shaky economic outlook faced by Big Oil. The company’s share repurchases this year could be between $11.5 billion and $13 billion, said Chevron Chief Financial Officer Eimear Bonner, which would be in

SLB wraps up oilfield services quarter with profit miss, cautious outlook

April 25, 2025

(Reuters) – Top oilfield services provider SLB missed estimates for first-quarter profit on Friday, as weaker Latin American demand dragged on its international business, and the company warned of a potential industry-wide shift due to economic uncertainty, volatile oil prices and rising tariff risks. Shares of the company fell nearly 2% in premarket trading following results. SLB’s report rounds out

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