Results44 articles shown
ExxonMobil Profit Beats Expectations On Big Cost Cuts
Friday, April 29, 2016 ExxonMobil reports a higher-than-expected 1Q profit as it slashes costs to offset plunging crude prices and weak refining margins.
Eni Swings To Net Loss But Operating Profit Beats Expectations
Friday, April 29, 2016 Eni beats operating profit expectations in 1Q despite swinging to a net loss because of weak oil prices and a charge on its Saipem holding.
Eland to Raise Funds for Gbetiokun-1 Well in Nigeria
Friday, April 29, 2016 Eland Oil & Gas plc aims to raise approximately $15 million through a placing of its shares in order to fund operations at the Gbetiokun-1 well in Nigeria.
Oil Firm Det Norske Repeats 2016 Guidance, 1Q In Line
Friday, April 29, 2016 Det norske reports 1Q operating earnings in line with expectations and repeats its outlook guidance for 2016.
CNOOC's 1Q 2016 Revenue Falls to $3.8B, Down 30.7% YOY
Friday, April 29, 2016 CNOOC's revenue falls to $3.8 billion in the first quarter of 2016, down 30.7 percent from last year as low oil prices continue to weigh on the firm's turnover.
Sembcorp Marine's 1Q 2016 Net Profit Falls 48% YOY to $41M
Thursday, April 28, 2016 Sembcorp Marine's net profit falls 48 percent in the first quarter of 2016 to $41 million, compared to $79 million a year ago amid lower revenue from rig construction.
Oil Service Firm Aker Solutions Says Market Uncertainty Persists
Thursday, April 28, 2016 Aker Solutions posts 1Q earnings in line with expectations and says outlook for its core Norwegian market still looks subdued this year amid the lower crude prices.
China's Biggest Oil Company Posts 52% Decline In 2015 Profit
Thursday, April 28, 2016 China National Petroleum Corp., the country's biggest oil and gas producer and the parent of PetroChina, says profit fell 52 percent as lower oil prices punished global explorers.
Tullow Oil Cuts Deeper As Banks Agree To Amend Loan Terms
Thursday, April 28, 2016 Tullow Oil reduces its annual capital expenditure budget by another $100 million to $1 billion and may cut spending further as it adjusts its balance sheet to weak oil prices.
Technip Q1 Better-Than-Expected Thanks To Record Vessel Use
Thursday, April 28, 2016 Technip reports a smaller-than-expected drop in quarterly revenue, as a strong backlog of projects meant its vessel use rate was at a record high despite the slump in the oil and gas sector.
European Energy Giants Post Profits in 1Q 2016
Wednesday, April 27, 2016 Statoil and Total both post profits in 1Q 2016, despite continued low oil prices.
Cenovus Energy Cuts 2016 Budget, Loss Narrows On Forex Gain
Wednesday, April 27, 2016 Cenovus Energy Inc reports a smaller quarterly loss, helped by foreign exchange gains, and says it will cut its 2016 capital budget to help cope with a prolonged slump in oil prices.
Noble Profit Plunges As Low Oil Prices Hit Rig Demand
Wednesday, April 27, 2016 Noble's quarterly profit plunged 41%, coming slightly below analysts' expectations, hurt by lower demand for rigs as oil prices hover around decade lows.
HHI Posts $283M in Operating Income in 1Q 2016, Ends 9 Quarters of Losses
Tuesday, April 26, 2016 Hyundai Heavy Industries' operating income rose to $283 million in the first quarter of 2016, ending 9 consecutive quarters of losses.
BP Reduces Losses, Prepares to Cut CAPEX
Tuesday, April 26, 2016 BP plc reveals that its losses before interest and tax reduced to $1.2 billion in 1Q 2016, from $2.2 billion in 4Q 2015, and states that it is prepared to further cut its capital expenditure.
Canada's Precision Drilling Posts Quarterly Loss
Monday, April 25, 2016 Canadian rig contractor Precision Drilling Corp posts a first-quarter loss, compared with a profit a year earlier, hurt by lower demand for rigs amid a prolonged slump in oil prices.
Pioneer Natural Posts Quarterly Loss, Keeps Budget Plans
Monday, April 25, 2016 Pioneer Natural Resources reports a smaller-than-expected quarterly loss as the company successfully slashes costs to offset a more than 30% drop in the price it received for its crude.
Contract Driller Nabors Posts Quarterly Loss As Oil Tumbles
Monday, April 25, 2016 Nabors posts a quarterly loss, compared with a year-earlier profit, as oil producers used fewer rigs amid persistently low crude prices.
Santos Quarterly Revenue Steady As LNG Output Ramps Up
Friday, April 22, 2016 Santos reports a 1% rise in 1Q revenue as it stepped up coal seam gas sales to its Gladstone LNG plant, offsetting a collapse in oil and gas prices.
Halliburton Says It Cut 6,000 Jobs In 1Q, Delays Earnings Call
Friday, April 22, 2016 Halliburton says it cut more than 6,000 jobs in the 1Q, during which revenue slumped 40.4% and it took a $2.1B restructuring charge mainly for asset write-offs and severance costs.
Lundin Petroleum Reveals Pre-Tax Exploration Costs for 1Q 2016
Friday, April 22, 2016 Lundin will incur pre-tax exploration costs of approximately $71 million in the first quarter of 2016, according to the company's latest financial update.
Woodside's 1Q 2016 Sales Revenue Down 30.3% to $982M
Wednesday, April 20, 2016 Woodside posts a 30.3 percent decline in sales revenue for the first quarter of 2016 to $982 million, with the fall due largely to low oil and gas prices.
Keppel O&M's 1Q 2016 Net Profit Falls 53% to $70.7M, Revenue Down 58%
Tuesday, April 19, 2016 Keppel Offshore & Marine's net profit falls 53 percent to $70.7 million in first quarter 2016, while revenue is 58 percent lower at $608.7 million.
Ezra Posts 1H16 Net Loss of $336M, Compared to $65M Net Profit Last Year
Friday, April 15, 2016 Ezra incurs a net loss of $336.4 million for first half 2016 that ended Feb. 29, compared to a net profit of $65.3 million a year ago.
Genel, DNO, Gulf Keystone Receive KRG Payments
Tuesday, April 12, 2016 Genel Energy plc, DNO ASA and Gulf Keystone Petroleum Ltd receive payments from the Kurdistan Regional Government for crude oil exports in March from the Kurdistan Region of Iraq.
TGS Expects Further Revenue Decline
Friday, April 08, 2016 TGS expects net revenues for the first quarter of 2016 to be approximately $64 million, based on preliminary reporting from operating units.
Wintershall Sees Fall in Sales, Earnings in 2016
Thursday, April 07, 2016 Wintershall expects lower sales and earnings in 2016 after being hit in 2015 by a sharp oil price decline that squeezed revenues in its exploration business.
TRIYARDS' 2Q FY16 Net Profit Up 4% YOY to $5.3M, Clinches $17.8M New Orders
Thursday, April 07, 2016 TRIYARDS posts second quarter net profit of $5.3 million, up 4 percent from a year ago, while clinching new vessel orders worth $17.8 million.
Russian Producer Lukoil's 2015 Profit Falls 26% On Oil Price Plunge
Monday, April 04, 2016 Lukoil's 2015 net income under International Financial Reporting Standards declined by 26% to $4.3 billion as spendings grew
Rosneft's 2015 Net Profit Rises, Debt Falls
Thursday, March 31, 2016 Rosneft reports a 2% rise in 2015 net profit to $5.2 billion and a sharp fall in debt.
Abu Dhabi's TAQA Slashes 2016 CAPEX Target Despite Narrower 4Q Loss
Thursday, March 31, 2016 Abu Dhabi National Energy Co. (TAQA) slashes its proposed capital expenditure for 2016 despite reporting a narrower fourth-quarter loss, as the company is impacted by lower oil prices.
China Oil Giants Take Spending Cuts Deeper as Profits Shrink
Wednesday, March 30, 2016 After chopping spending by almost one-third to cope with a crash in oil prices and billions in writedowns that sent profits to the weakest since last decade, China's energy giants are cutting even deeper.
Malaysia's SapuraKencana Petroleum Incurs Loss of $196M in PAT for FY16
Monday, March 28, 2016 Malaysia's SapuraKencana Petroleum incurs a loss of $196 million in profit after tax for financial year that ended Jan. 31, compared to a gain of $355 million in the previous year.
CNOOC Profit Drops 66%
Thursday, March 24, 2016 CNOOC Limited reveals in its 2015 financial results statement that its profit plunged 66.4% to $3.1 billion in 2015, compared to $9.2 billion the year before.
PetroChina Profit Dives 70% In 2015 On Low Oil Prices
Wednesday, March 23, 2016 PetroChina reports a 70% slump in its full-year 2015 profit, with earnings upstream and in the marketing segment both taking a hit from lower prices.
Schlumberger Expects 1Q Revenue To Fall 15% From 4Q
Monday, March 21, 2016 Schlumberger says revenue in the current quarter is expected to fall 15% from the fourth, as spending cuts by oil producers take a toll.
Petrobras Posts Record Loss On Writedowns, Slumping Oil Prices
Monday, March 21, 2016 Petrobras posts a record loss in the 4Q after booking a large writedown for oil fields and other assets as oil prices slumped.
DNO 'Pressing on the Accelerator' in 2016
Friday, March 18, 2016 DNO says that its foot is "coming off the brake and pressing on the accelerator" in 2016, after implementing a range of cuts last year.
Gulf Keystone Actively Reviewing Options to Remain a Going Concern
Thursday, March 17, 2016 Gulf Keystone reveals in its 2015 results statement that it is actively reviewing options to secure new funding and restructure its balance sheet in order "to ensure it is able to continue as a going concern".
Russia's Bashneft says 2015 Net Income up 35%
Monday, March 14, 2016 Bashneft says its 2015 net income jumped by 35% to $832.5 million thanks to rising oil production.
Boskalis Expects Substantial Fall in 2016 Profit
Wednesday, March 09, 2016 Boskalis expects net profit to fall substantially this year as depressed commodity prices hit demand for oil-linked marine infrastructure.
Gulf Keystone Confirms KRG Payment
Tuesday, March 08, 2016 Gulf Keystone Petroleum confirms receipt of a gross payment of $15 million from the Kurdistan Regional Government on March 4.
Seadrill Surges 33%, Squeezing Shorts, as CEO Sees 2Q Refinancing
Monday, March 07, 2016 Shares in Seadrill shoot up by a third, as its chief executive says short-sellers are starting to panic at the prospect its refinancing plan will succeed.
Colombia's Ecopetrol Reports $1.26B Loss in 2015
Sunday, March 06, 2016 Ecopetrol reports a loss of $1.26 billion during 2015, due to the global plunge in oil prices, rebel attacks and new accounting standards.
|Brent Crude Oil :||$46.75/BBL||2.80%|
|Light Crude Oil :||$43.65/BBL||2.52%|
|Natural Gas :||$2.08/MMBtu||1.96%|
|Updated in last 24 hours|