News Topics: Earnings Reports

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Afren to Receive $93 Million Cash Boost Following Revenue Decrease
Friday, May 29, 2015 Afren announces that it will receive an extra $93 million in net cash proceeds, following a difficult financial year.

Songa Offshore Reports Total Revenue Decrease in 1Q 2015
Friday, May 29, 2015 Songa Offshore reports that total revenue for the company decreased from $154.7 million in 1Q 2014 to $108.3 million in 1Q 2015.

Xcite Confirms $35-per-Barrel Costs for Bentley Field
Friday, May 29, 2015 Xcite Energy makes a small loss for the first quarter were confirming the project economics for the development of its Bentley field work out at $35 per barrel.

Bumi Armada's 1Q 2015 Net Profit Up 11.2% to $19M, Lifted by FPSO Segment
Wednesday, May 27, 2015 Bumi Armada posts an 11.2 percent increase in net profit for first quarter 2015 to $18.5 million, with gains due mainly to contributions from its floating production business.

Providence Resources Reports $12 Million Loss in 2014
Wednesday, May 27, 2015 Providence Resources reports a loss of $12.4 million dollars in its preliminary results for the year ended December 31, 2014.

ONGC Videsh's FY 2015 Net Profit Falls 57% Due Mainly to Lower Oil Prices
Tuesday, May 26, 2015 ONGC Videsh recorded a 57.16 percent decline in net profit for financial year 2015 that ended March 31 due mainly to lower oil prices.

Eland Sees Reduced Loss
Friday, May 22, 2015 Eland Oil & Gas reveals a $16-million loss in its full-year results for 2014, which compares favorably to a loss of $26 million in 2013.

Malaysia's Petronas Posts 39% Drop in 1Q Profit on Global Oil Slump
Friday, May 22, 2015 Malaysia's Petronas reports a 39-percent drop in quarterly net profit due to lower oil prices.

Gazprom Neft Reveals Production Increase in Q1 Results
Tuesday, May 19, 2015 Gazprom Neft announces a 15.8 percent year on year increase in hydrocarbon production volumes as part of its financial results for Q1.

Tethys Sees Lower 1Q Revenues, Boosts Production
Monday, May 18, 2015 Tethys Petroleum see revenues fall as its boosts production by nine percent during the first quarter of 2015.

Caza Oil & Gas Reveals Q1 Results
Friday, May 15, 2015 Energy firm Caza Oil & Gas announces unaudited financial and operational results for the first quarter of 2015.

EnQuest Reports 'Strong Operational Performance'
Friday, May 15, 2015 EnQuest sees a 'strong operational performance' during the first quarter, with production up 20.2 percent at 30,768 barrels per day.

Sanchez Production Partners Announces Q1 Performance
Friday, May 15, 2015 US-based energy partnership Sanchez Production Partners announces its first quarter performance for 2015.

KrisEnergy Says First Oil from Wassana, Nong Yao Fields Likely in 2H 2015
Thursday, May 14, 2015 KrisEnergy says the Wassana and Nong Yao oil fields in the Gulf of Thailand are scheduled to commence production in the second half of this year.

Savannah Petroleum Finds 14 Drill-Ready Exploration Sites in Niger
Thursday, May 14, 2015 Savannah Petroleum finds 14 drill-ready exploration sites with prospective oil resources of 215 million barrels in Niger.

Swiber's 1Q 2015 Revenue Falls to $164.9M, Down 17.3% YOY
Thursday, May 14, 2015 Swiber's revenue falls 17.3 percent in the first quarter of 2015 to $164.9 million, down from $199.5 million a year ago, while net profit slips to $$70,000 from $52.8 million.

Ithaca Issues Positive 1Q Results Update
Thursday, May 14, 2015 UK North Sea-focused Ithaca enjoys a positive first quarter, generating strong cash flow ahead of the start-up of its Stella field next year.

Vedanta Resources Takes $4.5B Writedown as Oil Drags
Thursday, May 14, 2015 Vedanta Resources posts a full-year loss after a sharp drop in crude prices caused a $4.5-billion write down related to the firm's Indian oil and gas business.

Maersk Beats Forecasts, Loses Shipping Market Share
Wednesday, May 13, 2015 Maersk Line lost market share in container shipping in the first quarter, disappointing analysts who said AP Moller-Maersk's forecast-beating results had been helped by one-offs.

Premier Posts Positive Trading, Operations Updates
Wednesday, May 13, 2015 The UK's Premier Oil announces positive trading and operations updates

Cape Order Intake Falls on Contract Delays, Project Deferrals
Tuesday, May 12, 2015 Energy services provider Cape says orders during its first quarter fell, hurt by delays in key contracts and project deferrals.

YPF Profit Fell After Argentina Ordered Gasoline Price Cuts
Friday, May 08, 2015 YPF SA says first-quarter profit fell 26% after the government cut gasoline prices amid a global energy slump.

Apache Posts Quarterly Loss, Readying For Rebound
Thursday, May 07, 2015 Apache reports a quarterly loss as low commodity prices took a toll, but a recent rally in crude has the US oil and gas company preparing for a rebound.

Canadian Natural Says Will Work With New Alberta Government
Thursday, May 07, 2015 Canadian Natural Resources says it swung to a loss in the first quarter due to sharply lower oil prices even as production rose by nearly a third.

SBM Offshore Announces Further Job Cuts, Revenue In Line
Thursday, May 07, 2015 SBM Offshore says it is cutting 300 jobs in addition to the 1,200 redundancies it announced last year, saying the low oil price had led clients to postpone investment decisions.

Repsol's Profit Jumps but Underlying Trends Disappoint
Thursday, May 07, 2015 Spain's Repsol sees a 74-percent in its first quarter net profit but its operating performance falls below analysts' expectations.

Argentina's YPF Reports Higher Than Expected Net 1Q Profit
Thursday, May 07, 2015 YPF posts better than expected 1Q profit but earnings were still down 24.3% on the year due to the global slide in oil prices.

Lundin Petroleum Beats Profit Forecasts, Confirms Output Targets
Wednesday, May 06, 2015 Lundin Petroleum reports better than expected first-quarter core profit and says it is on track to boost output significantly by the end of 2015.

Husky Energy Profit Plunges 71% Due To Weak Oil Prices
Wednesday, May 06, 2015 Husky Energy reports a 71% drop in quarterly profit, hurt by weak oil and gas prices.

Continental Resources Quarterly Loss Less Than Expected
Wednesday, May 06, 2015 Continental Resources posts a quarterly loss that was less than Wall Street had expected as cost cuts helped offset low oil prices.

Driller Rowan's Profit Beats On Deployment Of 3 New Rigs
Wednesday, May 06, 2015 Driller Rowan reports higher-than-expected quarterly profit and revenue, helped by the deployment of three new ultra-deepwater rigs.

Gulf Marine Produced 'Solid Performance' during 1Q 2015
Wednesday, May 06, 2015 Oilfield support vessel provider Gulf Marine Services is currently trading in line with expectations after producing a 'solid performance' during 1Q 2015.

Marathon Oil Posts 1Q Loss, Sticks To Production Outlook
Wednesday, May 06, 2015 Marathon Oil reports a first-quarter loss as tumbling oil prices slice its revenue nearly in half.

Offshore Driller Transocean Swings To Loss On Falling Revenue
Wednesday, May 06, 2015 Transocean reported a first-quarter loss as E&P companies rent out fewer of its rigs because of tumbling crude prices.

Noble Energy Boosts 2015 Production Forecast
Tuesday, May 05, 2015 Noble Energy boosts its 2015 production forecast, citing cost cuts and technical improvements after reporting a better-than-expected adjusted profit.

EOG Resources To Resume Fracking If Oil Hits $65/Barrel
Monday, May 04, 2015 EOG Resources posts a better-than-expected adjusted profit as hedges and cost cuts helped offset low oil prices.

Anadarko Reports Wider Quarterly Loss, Output A Record
Monday, May 04, 2015 Anadarko reports a wider-than-expected quarterly loss as a crude price collapse hurt the US independent oil and natural gas company's results.

Diamond Offshore Scraps Rigs As Demand Weakens
Monday, May 04, 2015 Diamond Offshore turns from profit to loss due to an impairment charge of $319 million.

Chevron Profit Drops But Beats Expectations on Refining Margins
Friday, May 01, 2015 Chevron reports a better-than-expected quarterly profit as cost cuts and strong refining margins help offset the impact of lower oil prices.

TransCanada Profit Lifted By US Pipeline Operations
Friday, May 01, 2015 TransCanada reports a 10% rise in comparable earnings, helped by the positive impact of a stronger US dollar on its US pipeline operations and profits at its power businesses.

ConocoPhillips Profit Falls Sharply On Oil Price Declines
Thursday, April 30, 2015 ConocoPhillips reports a sharply lower quarterly profit as results were hurt by a steep decline in crude oil prices.

Oil Crash Spurs Metal Tycoon to Write $3 Billion Off Cairn India
Thursday, April 30, 2015 Billionaire Anil Agarwal-controlled Sesa Sterlite, which runs India’s largest onshore oilfield, took a $3 billion writedown after crude’s crash eroded the goodwill value of Cairn India Ltd.

Exxon Profit Beats Expectations On Refining, Output
Thursday, April 30, 2015 ExxonMobil reported a smaller-than-expected drop in quarterly profit as oil and gas output and refining results grew even as lower crude prices ate into earnings.

Thailand's PTTEP 1Q Net Profit Falls 31% on Weak Oil Prices
Thursday, April 30, 2015 PTTEP, Thailand's largest oil and gas explorer, says its first quarter net profit dropped 31 percent as the drop in global oil prices cut prices of its products.

Shell, Statoil Delivered 'Solid' Performances in 1Q 2015
Thursday, April 30, 2015 Solid performances delivered by Shell and Statoil during the first quarter amid significantly lower energy prices.

Tullow Says Outlook for 2015, 2016 'Positive'
Thursday, April 30, 2015 Tullow Oil says the outlook for its business during the remainder of this year and into 2016 "is very positive".

Subsea 7 Defies Oil Sector Gloom with Strong Results
Wednesday, April 29, 2015 Oilfield services firm Subsea 7 reports strong earnings and orders in spite of warnings about persistent weakness in the offshore market.

Hess Posts Lower-Than-Forecast Loss, Helped By Cost Cuts
Wednesday, April 29, 2015 Hess Corp. reports a quarterly loss amid plunging crude oil prices.

Eni Upstream Business Hit by Low Oil Price
Wednesday, April 29, 2015 Italy's Eni issues results that show that the low oil price has hit its profits as the firm increases production.

Whiting Posts Smaller-Than-Expected Loss, Aided By Cost Cuts
Wednesday, April 29, 2015 Whiting Petroleum posts a quarterly loss that was narrower than Wall Street expected as the company slashed spending amid a steep drop in crude oil prices.

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