News Topics: Earnings Reports
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Woodside Posts Record Half-Year Profit of $1.015B, Up 27% YOY
Wednesday, August 20, 2014 Woodside posts record half-year profit of $1.015 billion, up 27 percent from $873 million in the previous year.
Oil Search Half-Year Profit Tops Forecasts As PNG LNG Flows
Tuesday, August 19, 2014 Oil Search beat forecasts with a 34% rise in half-year profit, boosted by the start of exports from the PNG LNG project which is expected to quadruple the company's output in 2015.
Maersk To Buy Back Shares For First Time, Earnings Rise
Tuesday, August 19, 2014 Moller-Maersk announces the first share buy-back in its 110-year history as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest.
Getech Sees Upturn in Exploration Services Market
Wednesday, August 13, 2014 Getech Chief Executive says the company has seen a 'significant' upturn in the exploration services market in recent weeks.
Petronas 2Q Net Profit Jumps 38% On Output Gains, Higher Demand
Wednesday, August 13, 2014 Malaysia's Petronas sees 2Q net profit increase by 38%, driven by stronger oil production and sales of liquefied natural gas (LNG).
UAE's TAQA Swings to Quarterly Profits; Pulls Out of Talks in Iraq, India
Wednesday, August 13, 2014 Abu Dhabi National Energy Company (TAQA) swings into second-quarter profits and confirms a shift in its strategy.
India's ONGC 1Q Profit Hurt By Write-Offs, Subsidy Payment
Wednesday, August 13, 2014 ONGC posted a 19% jump in 1Q profit, but fell short of expectations, hurt by higher exploration related write-offs and an increased subsidy payment.
Swiber's 1H 2014 Net Profit Rises to $63M, Up 68.3% YOY
Wednesday, August 13, 2014 Swiber posted a 68.3 percent increase in net profit to $63 million in the first half of 2014, with the gains attributed largely to higher other operating income arising from the disposal of the firm's subsidiaries.
Schlumberger Expects Russia Sanctions To Hurt Earnings
Tuesday, August 12, 2014 Schlumberger expects US and EU sanctions on Russia to hurt earnings during the third quarter.
OMV Profit Drops as Libya Crisis Boosts Costs
Tuesday, August 12, 2014 Austria's OMV sees its underlying operating profit halve during the second quarter of 2014.
Canadian Natural Resources Lowers 2014 Oil Production Guidance
Thursday, August 07, 2014 Canadian Natural Resources lowers its 2014 oil production guidance as a result of issues at its Kirby South and Primrose oil sands projects in northern Alberta.
Argentina's YPF Second-Quarter Net Profit Below Market Expectation
Thursday, August 07, 2014 YPF had a second quarter net profit of $187.6 million, the company said, coming in below market expectation.
Chesapeake Profit Falls; Output Seen Rising Slightly
Wednesday, August 06, 2014 Chesapeake reports a lower-than-expected quarterly profit on higher costs, but expects increased year-end output as more wells are connected to pipelines.
Devon Energy 2Q Profit Slips; Output Lower
Wednesday, August 06, 2014 Devon Energy reports a 1% decrease in quarterly profit, matching Wall Street expectations, as asset sales dented oil and gas production.
Lundin Petroleum 2Q Results Miss Expectations
Wednesday, August 06, 2014 Lundin Petroleum reports second-quarter earnings that are below expectations.
EOG Resources Quarterly Profit Jumps 7%
Tuesday, August 05, 2014 EOG Resources says its quarterly profit rose 7% from the year-ago period due to a jump in oil production in Texas and North Dakota.
Genel Profits Rise on Higher Kurdistan Oil Exports
Tuesday, August 05, 2014 Genel Energy posts a 50-percent rise in first-half oil production, buoyed by output from Iraqi Kurdistan.
Dragon Oil Raises Interim Dividend Payment After Strong First Half
Tuesday, August 05, 2014 Dragon Oil will pay shareholders an interim dividend of 20 cents per share, a third higher than last year, following a strong performance in the first half of the year, the Turkmenistan-focused oil explorer says.
Sembcorp Marine's 1H 2014 Net Profit Up 4%, Lifted by Rig, Platform Sectors
Tuesday, August 05, 2014 Sembcorp Marine's net profit rises 4% in the first half of this year to just over $203 million amid greater contribution from its rig building and offshore platform business.
EIA: Oil & Gas Cos Take on Debt, Sell Assets to Boost Cash Flow
Monday, August 04, 2014 Oil and gas companies are taking on debt and selling assets to make up for the shortfall between operational cash flow and cash being spent, according to a recent EIA report.
Enbridge Sees New Pipeline To US Gulf Operating In October
Friday, August 01, 2014 Enbridge reports a stronger-than-expected profit in 2Q, driven mainly by higher shipment volumes on the Mainline and on its regional oil sands systems.
Chevron 2Q Profit Tops Estimates On Higher Oil, Gas Prices
Friday, August 01, 2014 Chevron reports better-than-expected quarterly profit as higher energy prices offset rising expenses and production dips in Kazakhstan.
Eni Makes 'Significant' Gas, Condensate Find in Gabon
Thursday, July 31, 2014 Italy's Eni makes a discovery that could amount to up to 500 million barrels of oil equivalent offshore Gabon.
Exxon Profit Surges, But Production Slips
Thursday, July 31, 2014 ExxonMobil's net income rose 28% in 2Q on a sale of Asian assets and higher oil prices, while oil and gas production slipped 6%.
ConocoPhillips Profit Slightly Higher; Output Rises
Thursday, July 31, 2014 ConocoPhillips reported a quarterly profit that just beat Wall Street expectations, helped by a bigger-than-expected increase in oil and gas production.
BG Group Profits Rise but Egypt Woes Weigh
Thursday, July 31, 2014 BG Group beats forecasts with a rise in second-quarter profits.
Centrica 1H Profits Fall 35% On Weather Woes
Thursday, July 31, 2014 Centrica posts a 35% fall in operating profit for the first half of the year.
Shell Quarterly Profit Beats Forecasts Despite Impairments
Thursday, July 31, 2014 Shell reports a 33% increase in quarterly earnings, beating analyst forecasts.
Cenovus' Profit Triples as Oil Sands Production Jumps
Wednesday, July 30, 2014 Canada's number two independent oil producer, Cenovus, sees second-quarter profit more than treble.
Tullow Sinks into Red but Confident Africa Strategy Will Pay Off
Wednesday, July 30, 2014 Tullow drifts into the red after writing off more than $400 million in exploration costs.
Whiting Petroleum Profit Beats As Bakken Production Surges
Wednesday, July 30, 2014 Whiting Petroleum posts a better-than-expected quarterly profit as oil and natural gas production jumped across the company's wells in North Dakota and Colorado's shale formations.
BP Profit Jumps But Warns Of Russia Sanctions Impact
Tuesday, July 29, 2014 BP reports a sharp rise in second-quarter profits but warns that further sanctions on Russia could harm its business there.
Anadarko Profit Drops Less Than Expected On US Shale Output
Tuesday, July 29, 2014 Anadarko's 2Q profit fell less than expected as oil and natural gas production jumped in the Marcellus and Wattenburg shale regions, as well as Algeria.
Talisman Steers Clear Of Repsol Comment, Posts 2Q Loss
Tuesday, July 29, 2014 Talisman Energy reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production.
Portugal Galp Profit Falls Less than Expected
Monday, July 28, 2014 Portugal's Galp Energia posts a smaller-than-expected fall in second-quarter net profit after a drop in its refining margins.
Keppel O&M's Second Quarter Net Profit Rises 14% to $216M
Friday, July 25, 2014 Keppel Offshore & Marine's second quarter net profit increases 14 percent from last year to $216 million as revenue rises 13 percent to $1.64 billion.
Thai PTTEP 2Q Net Profit Up 55%, Beats Forecast
Friday, July 25, 2014 PTTEP reports a 55 percent rise in second quarter net profit due to higher petroleum sales and firmer global oil prices.
Rosneft Lines Up Anti-Sanctions Measures, Net Income Up
Friday, July 25, 2014 Russia's biggest oil producer Rosneft says it has been seeking ways to cope with the negative impact of international sanctions, as it reported higher net income Helped by a stronger rouble.
Mexico's Pemex 2nd-Qtr Losses Widen to 52.2B Pesos
Friday, July 25, 2014 State-owned oil company Pemex reported a wider second quarter loss hurt by higher sales costs, declining asset values and higher taxes, the company said on Friday.
Serbian Oil Company NIS 1H Profits Fall
Thursday, July 24, 2014 Serbia's NIS reports a five-percent fall in first-half profit and will have to cut spending on projects in the second half.
Repsol Profit Tops Forecasts On Surprise Refining Strength
Thursday, July 24, 2014 Repsol beats quarterly profit forecasts as a surprise surge in refining margins helps cushion production declines due to shutdowns in Libya.
Noble Energy's Profit Beats As Output From US Fields Rises
Thursday, July 24, 2014 Noble Energy reports better-than-expected profit for 2Q thanks to a rise in production from wells in the Marcellus shale and the Denver-Julesburg basin.
Encana Oil Production Rise Offsets Profit Fall On Weak Natgas
Thursday, July 24, 2014 Encana said oil and natural gas liquids production climbed 43% year-on-year in the second quarter of 2014.
Husky Energy Profit Rises As Production Increases
Thursday, July 24, 2014 Husky Energy reports a 4% increase in second-quarter earnings, helped by an 8% rise in production.
Halliburton Sees N. America Margin Growth On Rise In Drilling
Monday, July 21, 2014 Halliburton says it expect higher margins in North America in the current quarter due to strong drilling activity, signaling an industry-wide recovery in the region after a two-year slump.
Reliance's Oil, Gas Business Revenue Rises 27.3% in June Quarter
Monday, July 21, 2014 Reliance posts a 27.3% gain in revenue for its oil and gas exploration and production business in the June quarter to $527.54 million.
PNG LNG Project Start-up Boost Santos' 2Q Revenue by 22% to $911M
Friday, July 18, 2014 Santos posts a 22 percent rise in second quarter revenue to $911 million, lifted by the start-up of Papua New Guinea liquefied natural gas project in April.
Schlumberger Second-Quarter Profit Falls 24%
Thursday, July 17, 2014 Schlumberger, the world's largest oilfield services company, reports a nearly 24% fall in quarterly profit.
Baker Hughes Says New Technology To Lift N. American Results
Thursday, July 17, 2014 Baker Hughes posts better-than-expected profit and expects strong growth in North America as oil and gas producers turn to its new technologies to reduce drilling time and cut costs.
Det Norske Sees 2Q Production Halve
Thursday, July 17, 2014 Det norske reports lower production for the second quarter but says that Marathon Oil Norge acquisition will make it one of Europe's largest independent companies.
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