Post Tagged with: "fourth quarter 2019"

Source: Houston Chronicle

Marathon Oil cuts drilling budget amid 56 percent drop in profit

Houston Chronicle


Houston exploration and production company Marathon Oil has cut its drilling budget by about 10 percent amid an ongoing shale slump that caused revenue and profits to decline in 2019.

In a Wednesday afternoon statement, Marathon said the …

February 13, 2020 - 2:00 pm
Source: Houston Chronicle

Phillips 66 profit cut by more than half in 4th quarter

Houston Chronicle


Houston refining and pipeline company Phillips 66 on Friday reported a $689 million fourth-quarter profit, 51 percent less than the same period in 2018.

The fourth quarter performance resulted in Phillips 66 closing 2019 with a nearly $3.7 …

January 31, 2020 - 12:00 pm
Source: CNBC

Chevron posts $6.6 billion loss in the fourth quarter

CNBC


Chevron on Friday posted a $6.6 billion loss in the fourth quarter due to $10.4 billion worth of write-offs related to shale gas production in Appalachia and deep-water projects in the Gulf of Mexico. In December, the company warned

January 31, 2020 - 11:00 am
Diamondback Energy, Inc. provides fourth quarter 2019 production update and schedules fourth quarter 2019 conference call for February 19, 2020

Diamondback Energy, Inc. provides fourth quarter 2019 production update and schedules fourth quarter 2019 conference call for February 19, 2020

Oil and Gas 360


MIDLAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its average daily production for the fourth quarter of 2019 was 301.3 MBOE/d (195.0 MBO/d), an …

January 7, 2020 - 11:45 am