CNBC LONDON — Oil and gas majors are likely to report bumper second-quarter earnings in the coming days, energy analysts have told CNBC, following a brutal 12 months by virtually every measure. The expected upswing would build on a surprisingly strong showing in the first quarter and lend further support to the oil and gas industry’s efforts to pay down debt
Permian now producing 90 MBOEPD Encana (NYSE: ECA) reported its Q2 results and more than doubled its cash from operating activities YOY and is on track to grow annual production by more than 30%. The company expects to generate free cash flow in 2018 as result. Highlights Cash from operating activities of $475 million, up 120% YOY Non-GAAP cash flow
Chesapeake Energy Corporation (NYSE:CHK) reported financial and operational results for the 2018 second quarter. Highlights Net loss available to common stockholders of $40 million, or $(0.04) per diluted share Adjusted net income attributable to Chesapeake of $139 million, or $0.15 per diluted share Average production of approximately 530 MBOEPD up 8% YOY Average oil production of approximately 90 MBOEPD, up
Delaware Basin jumps 88% to 62 MBOEPD Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion. Highlights Increased U.S. onshore oil volumes by 47% YOY Improved per-barrel margins by nearly 50% YOY Expanded West Texas infrastructure with
Oilfield service giant Halliburton Company (NYSE: HAL) reported Q2 income from continuing operations of $511 million, or $0.58 per diluted share. This compares to reported income from continuing operations for the first quarter of 2018 of $46 million, or $0.05 per diluted share, and adjusted income from continuing operations for the first quarter of 2018 of $358 million, or $0.41
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