News Topics: Earnings Reports
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Argentina's YPF Says 2013 Profit Was $779 million
Friday, March 07, 2014 YPF says its net profit for full-year 2013 was $779 million, an increase of 45.6% over the previous year.
Genel Energy's Profit Up, Oil Output Outlook Improves
Thursday, March 06, 2014 Genel Energy reports a strong rise in profits after its first year of exporting oil from Iraqi Kurdistan.
Subsea 7 Remains Positive despite Weak EPIC Market
Wednesday, March 05, 2014 Oilfield services firm Subsea 7 remains positive about medium and long-term prospects for its business in spite of a weak market for EPIC contracts.
Malaysia's Petronas 4Q Profits Jump 45% on Output Boost
Tuesday, March 04, 2014 Petronas posts a 45.4% jump in fourth-quarter profit thanks to exploration successes boosting output.
Aker Sees Positive Future after Record Subsea Order Backlog
Friday, February 28, 2014 Aker achieves record orders at its Subsea business and sees a positive short-term outlook for the oilfield services sector.
Swiber Records Net Profit of $91M in 2013, Up 45% YOY
Friday, February 28, 2014 Swiber Holdings reports a 45.3 percent rise in net profit for 2013 to $90.9 million, compared to $62.5 million a year ago, with the increase due to strong revenue growth, especially from Southeast Asia.
GDF Increases Gas Production Target as it Boosts Capex
Thursday, February 27, 2014 GDF Suez aims to increase gas production to as much as 63 million barrels of oil equivalent by 2016 as it increases its capital spending budget in pursuit of growth.
Chesapeake Swings To Quarterly Loss On Charges
Wednesday, February 26, 2014 Chesapeake swings to a quarterly net loss, hurt by charges related to its efforts to reduce debt and simplify its balance sheet.
Mermaid Maritime's Subsea, Drilling Divisions Lift Firm's Net Profits
Wednesday, February 26, 2014 Mermaid Maritime reports that revenue growth in its subsea and drilling divisions lifted the firm's net profits to its highest level in five years.
Transocean Profit Slides On Lower Rig Demand
Wednesday, February 26, 2014 Transocean says that 4Q profit fell 49% from a year ago, hurt by lower rig utilization.
Whiting Petroleum Posts 4Q Loss As Costs Spike, Sees Output Rising
Wednesday, February 26, 2014 Whiting posts a quarterly loss as the company's exploration, production and interest costs spiked, but met Wall Street expectations.
Brazil's Petrobras Cuts Spending As Quarterly Profit Falls 19%
Tuesday, February 25, 2014 Petrobras moved to check years of missed targets, soaring costs and rising debt by scaling back near-term investments and setting a limit on long-term growth.
MOL Sees Crude Output Declining In 2014
Tuesday, February 25, 2014 Hungary's MOL says its crude output will decline in 2014 before growing again next year.
Sembcorp Marine's Rig Sector Posts 38% Revenue Increase to $948M
Tuesday, February 25, 2014 Sembcorp Marine posts a 38 percent increase in revenue for rig building sector in the fourth quarter of 2013 to $948.3 million.
Musings: Understanding Oil Industry Restructuring Currently Underway
Friday, February 21, 2014 A fallout from the American shale revolution is its impact on the restructuring of the oil industry's business model, G. Allen Brooks examines the changes underway, while focusing on Shell.
Exxon Says Its Oil And Gas Reserves Rose Slightly In 2013
Friday, February 21, 2014 Exxon Mobil Corp's crude oil and natural gas reserves rose slightly in 2013, lifted by projects in U.S. shale fields and Abu Dhabi.
Thailand's PTT Fourth Quarter Net Profit Down by a Third
Friday, February 21, 2014 Thailand's PTT says its fourth quarter net earnings fell by a third due to lower contributions from its exploration, refining and petrochemical businesses.
Technip Shares Up After Order Book Rise, Dividend Increase
Thursday, February 20, 2014 Oilfield services firm Technip sees an increased order backlog, easing concerns about spending cuts but its clients.
Australia's Santos Year Profit Down 17%, Costs Bite
Thursday, February 20, 2014 Santos reports a 17% fall in annual underlying profit, missing market forecasts as costs rose.
Russia's Lukoil 2013 Profit Falls On Write-Offs At Major Projects
Wednesday, February 19, 2014 Lukoil posts worse-than-expected net profit in 2013, hit by write-offs at some major projects it once touted as the breakthrough finds to boost earnings.
Oil Firm Det Norske 4Q Loss Bigger than Expected
Wednesday, February 19, 2014 Det norske oljeselskap reports greater-than-expected fourth-quarter operating loss.
OMV's Quarterly Profit Halves As Libya Unrest Cuts Output
Wednesday, February 19, 2014 OMV's 4Q operating profit more than halved as production and sales in Libya dropped to almost nothing due to repeated disruption from oil-field protests and port blockades.
Serbian Oil Company NIS Net Profit Up 2.5% in 2013
Tuesday, February 18, 2014 Serbia's NIS, subsidiary of Gazprom Neft, reports a 2.5 percent increase in net profit.
Australia's Woodside Year Profit Falls, Misses Market Forecasts
Tuesday, February 18, 2014 Woodside reports a 17% fall in annual underlying profit, missing market forecasts, as it sold more of its gas at cheaper prices than a year earlier.
Rig Firm Songa Offshore Misses Forecast with 4Q Loss
Monday, February 17, 2014 Norwegian rig operator Songa Offshore says its Cat D rig development project remains on track as it reports disappointing 4Q results.
Apache's 4Q Profit Misses Estimates As Output Down Sharply
Thursday, February 13, 2014 Apache reports a bigger-than-expected decline in 4Q profit as its output fell sharply on asset sales and a frigid winter in the United States.
Eni Raises Dividend as Revenue Outlook Weakens
Thursday, February 13, 2014 Eni says it would increase payouts to investors and reduce spending over the next four years, despite cutting its annual forecast for output growth.
Subsea Business Drives Growth at Aker Solutions
Thursday, February 13, 2014 Aker Solutions sees more sales and robust order book thanks to a strong performance in its subsea business, but its maintenance unit is affected by reduced spending by oil firms in Norway.
India's ONGC 3Q Profit Beats Estimates On Writeback, Forex Gains
Thursday, February 13, 2014 ONGC beat expectations with a 28% rise in 3Q profit buoyed by a one-time provision writeback and forex gains from a weakened rupee.
Total Raises Dividend As Oil, Gas Spending Peaks
Wednesday, February 12, 2014 Total confirms it will cut capital spending even though its production output is stalling, falling into line with industry peers who are boosting dividends by reducing investment.
Saipem Misses 2013 Targets On Contracts Slowdown
Tuesday, February 11, 2014 Saipem misses its 2013 profit targets hit by delays in the awarding of new contracts and in the execution of existing ones in the final months of last year.
Portugal's Galp Beats Fourth-Quarter Profit Forecast
Monday, February 10, 2014 Portuguese oil and gas firm Galp Energia posts better-than-expected profits thanks to jump in refining margins and greater oil output.
Offshore Accommodation Provider Prosafe Warns of Tougher Times as 4Q Beats
Monday, February 10, 2014 Offshore accommodation supplier Prosafe warns of tougher times in spite of strong fourth quarter.
Oil, Gas Business Helps Drive Kongsberg Revenue Growth
Friday, February 07, 2014 Kongsberg Gruppen reports that its oil and gas business helped to boost its operating revenues in 2013.
Statoil is Latest European Major to Limit Capex
Friday, February 07, 2014 Norway's Statoil joins other European majors with plans to keep a lid on its capital spending.
Noble Energy 4Q Profit Misses Expectations As Costs Jump
Thursday, February 06, 2014 Noble Energy posts lower-than-expected profit due to a spike in exploration, transportation and other costs.
SBM Offshore Expects Flat Directional Revenue
Thursday, February 06, 2014 Dutch FPSO operator SBM Offshore forecasts flat revenue of $3.4 billion for 2014 after posting a net loss due to one-off charges.
Diamond Offshore Profit Beats Estimates As Rig Rates Rise
Thursday, February 06, 2014 Diamond Offshore reports a better-than-expected profit as the rates it earned for its ultra-deepwater rigs shot up in the 4Q.
Seismic Surveyor TGS-Nopec Profit Beats Forecast
Thursday, February 06, 2014 Seismic survey firm TGS-Nopec posts better-than-expected fourth-quarter earnings, bucking the trend in the seismic survey sector.
Lundin Petroleum Q4 Core Profit Lags Forecasts
Wednesday, February 05, 2014 Sweden's Lundin Petroleum reports 4Q earnings slightly below expectations, while reiterating its production forecast for 2014.
BP Profits Fall On Weakness In Refining Business
Tuesday, February 04, 2014 BP posts a 37-percent fall in fourth-quarter profit due to weaker performances in its production and refining businesses.
BG 4Q In Line Following January Profit Warning
Tuesday, February 04, 2014 BG Group reports that its earnings figure for the three months to the end of December was up 11 percent after reporting a major profit warning at the end of January.
Anadarko Reports Wide 4Q Loss Of $770M On Provisions
Monday, February 03, 2014 Anadarko reports a wide quarterly loss of $770 million, or $1.53 a diluted share, on hefty provisions and despite record sales volumes.
UAE's Dana Gas Says Q4 Profit Rises 12%
Sunday, February 02, 2014 Dana Gas made a net profit of $34.9 million in 4Q 2013, up 12% from a year earlier, the United Arab Emirates energy company says.
Canadian Oil Sands 4Q Profit Down On Higher Expenses
Friday, January 31, 2014 Canadian Oil Sands says 4Q profits fell 12% due to higher expenses and a bigger foreign exchange loss.
Chevron Earnings Fall 32% in 4Q
Friday, January 31, 2014 Chevron profit falls 32% in the fourth quarter on lower oil and gas production and lower prices for refined fuels relative to the cost of crude.
ConocoPhillips Quarterly Profit Higher On Asset Sales
Thursday, January 30, 2014 ConocoPhillips says its fourth-quarter profit rose with help from the sale of its Algerian business and lower taxes.
ExxonMobil Profit Tumbles As Energy Production Tapers
Thursday, January 30, 2014 ExxonMobil posts a lower-than-expected quarterly profit as it fails to offset declining production with fresh reserves.
Higher Sales, Oil Prices Boost Occidental Profit
Thursday, January 30, 2014 Occidental posts a better-than-expected quarterly profit after selling more crude than it produced.
Imperial Oil Profit Dips As Kearl Output Disappoints
Thursday, January 30, 2014 Imperial Oil's Kearl oil sands project in northern Alberta produced less than half its capacity in the fourth quarter, the company says.
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