Post Tagged with: "Profits"

Source: Bloomberg

Shale turning record profits after decade of steep losses

World Oil

(Bloomberg) — U.S. shale drillers are expected to post record second-quarter profits in coming days, reversing nearly a decade of debt-fueled losses.


The top 28 publicly traded U.S. independent oil producers generated $25.5 billion in free cash …

Source: Reuters

Exxon posts record-breaking second-quarter profit

Yahoo Finance

HOUSTON – Exxon Mobil Corp on Friday posted its biggest quarterly profit ever on the back of soaring energy prices and as it kept a tight rein on spending.


The top U.S. oil producer reported second-quarter net …

Source: Reuters

Biden criticizes U.S. oil refiners as profits soar

World Oil

Source: Reuters

Exxon sees up to $4 billion writedown on Russian departure

World Oil

(Bloomberg) — Exxon Mobil Corp. expects to take a writedown of as much as $4 billion on the Sakhalin-1 oil development in Russia as the company attempts to exit the operation following the invasion of Ukraine.

“As operator …

Source: CNBC

Banks will struggle to generate profits even as the global economy recovers, IMF says


WASHINGTON — The beaten-down banking sector will remain under pressure through 2025 even as the economy recovers, the International Monetary Fund said Friday.

In its latest “Global Financial Stability Report,” the IMF found banks across nine advanced …

May 22, 2020 - 12:00 pm Closing Bell Story‎, Finance, International
Source: Houston Chronicle

Exxon Mobil’s profits fall in third quarter

Source: Houston Chronicle

Exxon Mobil Corp. profits fell in the third quarter, the company reported Friday.

The Irving, Texas-based oil major reported a third-quarter net profit of $3.17 billion, little more than half the profit the company reported in the …

Source: Reuters/Rick Wilking

Phillips 66 profit beats on higher fuel margins, shares jump


Phillips 66 beat analysts’ estimates for quarterly profit on Friday, as the refiner benefited from higher retail fuel margins, sending its shares up 4.4% to their highest in more than a year.

The Houston, Texas-based company, which retails fuel …

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 …

Source: Ithaca Energy Limited

Exxon Mobil Profit Sinks, Chevron Rises as Both Boost Output

From Reuters

Weaker second-quarter refining and chemicals profits offset surging U.S. shale production at U.S. oil majors Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N), the two reported on Friday.

Exxon’s topped analysts’ reduced estimates for the quarter but net …

Source: Occidental Petroleum

Occidental Petroleum Profit Falls on Low Gas Prices, Derivative Contracts

From Reuters

Occidental Petroleum Corp, which is battling activist investor Carl Icahn over its $38 billion purchase of Anadarko Petroleum, reported a 14% fall in core profit on Wednesday, as higher crude prices and volumes were offset by adjustments to …

Shell Accelerates Share Buybacks as Profits Soar

Shell Accelerates Share Buybacks as Profits Soar

From Reuters


LONDON (Reuters) – Royal Dutch Shell’s profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback program.

Although the $5.6 …

November 1, 2018 - 12:43 pm Closing Bell Story‎, Finance
Marathon Petroleum Earns $3.43 Billion in 2017, $5.5 Billion MPLX Offering

Marathon Petroleum Earns $3.43 Billion in 2017, $5.5 Billion MPLX Offering

Marathon Petroleum Corp. (ticker: MPC) earned $2.02 billion, or $4.09 per diluted share, in Q4 2017. This is significantly more than in Q4 2016, where the company had earnings of $227 million, or $0.43 per diluted share. FY 2017 earnings …

Core Laboratories N.V. Reports Most Profitable Quarter Ever; Q4'12 Results

Core Laboratories N.V. (ticker: CLB) is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum reservoir performance.  The Company has over 70 offices in more than 50 countries and is …

January 31, 2013 - 9:00 pm International, Oil and Gas 360 Articles