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Post Tagged with: "production costs"

Source: Reuters/Sergio Moraes

Investors cheer falling production costs at Brazil’s Petrobras

Reuters

RIO DE JANEIRO (Reuters) – Investors cheered a significant cut in production costs at Brazil’s state-run oil firm Petrobras on Friday, sending shares in the company soaring 4% in morning trade, their biggest intraday gain in more than a …

October 25, 2019 - 2:30 pm — Closing Bell Story‎, Energy News, International, Offshore, Oil and Gas 360 Articles
Marathon Oil Profit Jumps 50% on Higher U.S. Shale Production

Marathon Oil Profit Jumps 50% on Higher U.S. Shale Production

From Reuters

Marathon Oil Corp (MRO.N) reported a 50% jump in quarterly adjusted profit on Wednesday, as higher U.S. shale output countered lower realized crude prices and production costs fell.

The company, like many other U.S. oil producers, is extracting …

August 7, 2019 - 6:01 am — Closing Bell Story‎, Crude Oil News, Earnings, Energy News, Exploration and Production (E&P), Finance
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