News Topics: Earnings Reports
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Bridge Energy Production on Track
Thursday, May 23, 2013 Bridge Energy reports that production for the first quarter was in line with expectations at 1,110 barrels of oil equivalent per day.
SBM on Track for $4B Turnover in 2013
Thursday, May 23, 2013 SBM Offshore expects to increase its revenue for 2013 by 8 percent to $4 billion.
Moller-Maersk Net Profit Falls, Demand to Stay Subdued
Friday, May 17, 2013 Moller-Maersk posts a smaller-than-expected drop in first-quarter net profit, supported by increased freight rates and efficiency measures at its main shipping unit.
Dana Sees 17% Jump in 1Q 2013 Profit
Tuesday, May 14, 2013 Dana Gas reports a 17-percent jump in the first quarter profit as it pre-qualifies for Lebanon's first offshore licensing round.
Centrica Reports Good Performance from Upstream Activities
Monday, May 13, 2013 Centrica expects to produce 75 million barrels of oil equivalent during 2013 compared with 67 MMboe in 2012.
Apache 1Q Profit Falls 10% Amid Weak Commodity Prices
Thursday, May 09, 2013 Apache's first-quarter earnings fell 10% on lower commodity prices as the oil-and-gas explorer and producer also unveiled a plan to divest itself of $4B in assets by year's end.
Repsol Profit Up 38% on Higher Output, Refining Margins
Thursday, May 09, 2013 Repsol says its first-quarter profit rose 38% on the year, mainly due to higher production and refining margins.
Transocean First-Quarter Profit Soars on Year-Earlier Losses
Wednesday, May 08, 2013 Transocean's 1Q profit soars as the offshore-oil driller benefits from a year-earlier comparison that included significant impairment and discontinued-operations losses.
Aker Boosts Order Book to All-Time High
Wednesday, May 08, 2013 Oilfield services firm Aker Solutions releases results showing its order book rose to an all-time high of $12.2 billion during 1Q 2013.
Marathon Oil 1Q Net Falls 8.2% on Tax Provision
Tuesday, May 07, 2013 Marathon Oil Corp.'s first-quarter earnings fell 8.2% as the energy company set aside more for income taxes, masking revenue growth.
Anadarko 1Q Profit Fell 79% Amid Year Earlier Gain
Monday, May 06, 2013 Anadarko's first-quarter earnings fell 79% as the year-earlier period included a $1.8B benefit related to the resolution of an Algeria tax dispute.
Shell CEO Will Retire in 2014
Thursday, May 02, 2013 Shell says CEO Peter Voser will retire during the first half of 2014.
Statoil 'On Track' for 2.5 MMboepd by 2020
Thursday, May 02, 2013 Statoil says it is still 'on track' to deliver production above 2.5 million boepd by 2020, in spite of lower production during 1Q 2013.
BG 1Q Profit Down on Lower Production
Thursday, May 02, 2013 UK gas major BG Group reports that lower production, along with increasing exploration and production costs, have hit its 1Q profit.
Talisman Energy Swings to 1st-Quarter Loss
Wednesday, May 01, 2013 Talisman swings to a first-quarter loss, missing analyst expectations, hurt by lower production following the sale of UK North Sea assets late last year.
Chesapeake Energy Swings to 1st-Quarter Profit
Wednesday, May 01, 2013 Chesapeake Energy swings to a profit in the first quarter as the natural-gas company reports much stronger-than-expected revenue and raises its targets for oil production this year.
Devon Energy Swings to 1Q Loss on Large Asset Write-Down
Wednesday, May 01, 2013 Devon Energy swings to a substantial first-quarter loss as the oil and gas exploration company recorded a $1.9B write-down stemming from lower oil and natural-gas liquids prices.
BP Sees Strong 1Q after TNK-BP Sale
Tuesday, April 30, 2013 BP reports a threefold increase in profit for the first quarter as proceeds from sale of TNK-BP offset a fall in oil and gas production.
TNK-BP Acquisition Boosts Rosneft's 1Q Production
Tuesday, April 30, 2013 Rosneft enjoys an 82.4% boost to its production of hydrocarbons thanks to the TNK-BP acquisition.
Aker Warns of Slow Start to 2013
Monday, April 29, 2013 Oilfield services firm Aker Solutions sees first quarter profit dip as increased project costs and delayed contracts hit its bottom line.
Petrobras First-Quarter Profit Slides, but Beats Estimates
Sunday, April 28, 2013 Declining crude-oil production undercut 1Q net profits at Petrobras, but recent increases to domestic fuel prices and a shift to greater imports of crude oil helped the company beat analysts forecasts.
CNOOC 1Q Oil, Gas Revenue up 13% on Rising Production from Overseas
Friday, April 26, 2013 CNOOC says its first-quarter oil and gas revenue jumped 13% from a year earlier, thanks to strong overseas production.
Chevron 1Q Net Falls 4.5% as Margins, Revenue Decline
Friday, April 26, 2013 Chevron's first-quarter earnings dropped 4.5% as revenue fell short of estimates and both the upstream and downstream segments posted lower profits.
Technip's 1Q 2013 Onshore/Offshore Order Intake Falls 32%
Thursday, April 25, 2013 A strong performance from oilfield services firm Technip's subsea business is not enough to prevent overall order intake declining by almost a third.
ConocoPhillips First-Quarter Profit Off 27% on Spinoff, Divestitures
Thursday, April 25, 2013 ConocoPhillips' first-quarter earnings fell 27% after the exploration and production company reported lower revenue amid the spinoff of its refining and marketing arm in 2012.
Kashagan Start-up Date Key for ENI in 2013
Thursday, April 25, 2013 For 2013 to be a success for Italy's ENI much depends on the start-up date of its Kashagan oil field, offshore Kazakhstan, say analysts.
ExxonMobil 1Q Up on Slightly Improved Margins
Thursday, April 25, 2013 ExxonMobil's first-quarter earnings rose 0.5% on higher margins, though both its upstream and downstream operations posted lower profits and revenue fell short of Wall Street estimates.
Noble Energy 1Q Net Down 0.8% on Higher Costs
Thursday, April 25, 2013 Noble Energy's first-quarter earnings fell 0.8% as the oil-and-gas explorer's higher expenses counterbalanced stronger revenue from oil and condensates, as well as natural gas.
Sinopec Posts 1Q Earnings Rise, Outperforming PetroChina
Thursday, April 25, 2013 Sinopec posts a 25% increase in first-quarter net profit, outperforming larger rival PetroChina Co.
Total Confirms Output Targets, Sees Further Growth After 2017
Wednesday, April 24, 2013 Total still expects its oil and gas output to grow 3% on average on an annual basis between 2011 and 2015, and then sees accelerated growth after 2017 as new projects come on stream.
Hess 1Q Profit Doubles on Asset-Sales Gains
Wednesday, April 24, 2013 Hess Corp.'s first-quarter earnings more than doubled on gains from asset sales, while the oil and gas producer's revenue improved despite lower production.
ENI Profit Slides On Lower Output, Confirms 2013 Goals
Wednesday, April 24, 2013 Eni says its first-quarter profit slid by 42% on the year, in line with expectations, after a sharp fall in total oil and gas output due to unexpected shutdowns at operations in Libya, Nigeria and the UK.
Encana Swings to First Quarter Loss; CEO Search Continues
Tuesday, April 23, 2013 Encana posts a loss in its first quarter, hurt in part by a hedging-related loss and lower natural gas and liquids prices.
Saipem 1Q Suffers from Low-Margin Contracts
Tuesday, April 23, 2013 Italian oilfield services firm Saipem says its first-quarter profit more than halved due to low-margin contracts in its engineering and construction businesses.
Macondo Hits Halliburton Earnings
Monday, April 22, 2013 Macondo-related charges hit Halliburton's first quarter 2013 income, while revenue soared thanks to Halliburton's expanding international business.
Petroceltic Plans Nine Wells over 18 Months
Monday, April 22, 2013 Petroceltic International plans a minimum of nine wells during the next 18 months in Bulgaria, Egypt, Kurdistan and Romania.
Schlumberger: International, N. American Drilling Solid at Current Prices
Friday, April 19, 2013 Schlumberger CEO Paal Kibsgaard tells analysts that the recent drop in oil prices is not yet worrisome, and prices are still high enough to support drilling in North America and around the world.
Baker Hughes' Reports Lower Profits, Revenue for 1Q 2013
Friday, April 19, 2013 Baker Hughes reports lower profit and revenue for the first quarter 2013.
Production Outages Hit Santos Revenues
Friday, April 19, 2013 Australia's Santos reports five percent fall in 1Q revenues after production was hampered by outages.
Reliance Industries 4Q Profit Beat Street Estimates
Tuesday, April 16, 2013 Reliance posts its biggest quarterly profit in 18 months as it exceeded market estimates by reporting a 32% increase in fiscal fourth quarter net profit, helped by higher refining margin.
Galp Plans to Drill 12 More Wells in 2013
Tuesday, April 16, 2013 Galp reports a 4.3-percent increase in first quarter production as it plans to drill 12 more exploration and appraisal wells during 2013.
JKX In An 'Important Growth Phase'
Tuesday, April 09, 2013 After production delays and financing issues in 2012, JKX says it is now embarked on an "important growth phase".
TNK-BP Boosts Production, Reserves
Thursday, March 28, 2013 TNK-BP reports that it boosted its hydrocarbon production by 1.8 percent during 2012, while its total proved reserves hit 9.8 billion barrels.