Post Tagged with: "quarterly report"

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: Houston Chronicle

ConocoPhillips posts $3B quarterly profit after UK sale

Source: Houston Chronicle


Houston’s ConocoPhillips reported a nearly $3.1 billion quarterly profit on Tuesday that spiked more than 60 percent from a year prior, but the big jump benefited from about $2 billion in proceeds from the recent sale of …

Source: Reuters/Rick Wilking

Phillips 66 profit beats on higher fuel margins, shares jump

Reuters


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 …

Blackbird Energy Reports Record Quarter

Blackbird Energy Reports Record Quarter

Blackbird Energy, Inc. (TSX-V:BBI) announced that for the three months ended April 30,2018 the company achieved a record high of $6.4 million ($49.81/BOE) of petroleum and natural gas sales, a 94% increase year-over-year for Blackbird.

Blackbird was only able to …

Range Resources Q2 2017: $70 Million Net Income Reverses Last Year’s Loss

Range Resources Q2 2017: $70 Million Net Income Reverses Last Year’s Loss

Production approaching 2 Bcfe per day

During its second quarter of 2017, Range Resources (ticker: RRC) reported a net income of $70 million as compared to a net loss of $225 million a year ago. The company’s cash margins grew …

BP Sees Its Unit Production Costs 40% Lower than 2013

BP Sees Its Unit Production Costs 40% Lower than 2013

International oil giant BP (ticker: BP) reported that its Q2 2017 production—at 2.431 MMBOEPD was 10% higher than Q2, 2016. The company earned $144 million during the second quarter, bringing its profit to $1.593 billion during the first half of …