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News Topics: Earnings Reports

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Results49 articles shown

Indonesia's Pertamina Says Oil Drop Hits Profits, Growth Plans
Thursday, December 18, 2014 Indonesia state oil and gas firm Pertamina sees a more than 20-percent fall in its net profit for 2014.

Canadian Oil Producers Slash 2015 Capital Budgets
Wednesday, December 17, 2014 Canadian oil producers Husky Energy and Penn West Petroleum slash their 2015 capital budgets due to a slide in crude oil prices.

Malaysia's SapuraKencana 3Q Profit Up 42% on New Business
Tuesday, December 09, 2014 SapuraKencana Petroleum says net profit increased 41.9 percent during its third quarter thanks to newly-acquired upstream units.

Petronas Posts 3Q 2014 Net Profit of $4.39B, Down 12% YOY
Monday, December 01, 2014 Malaysia's Petronas posts a 12 percent decline in net profit to $4.39 billion for the third quarter of 2014, while revenue falls 1 percent to $23.4 billion.

Russia's Lukoil 3Q Profit Halves to $1.6B on Weak Oil, Rouble
Thursday, November 27, 2014 Russia's Lukoil is hit hard by low oil prices and a weak rouble.



Mermaid Maritime's FY 2014 Net Profit Rises 193.4% to $45.27M
Thursday, November 27, 2014 Mermaid Maritime's financial year 2014 net profit soars 193.4 percent to $45.27 million from $15.42 million a year ago.

Odjfell Revenues, Profits Decline during 3Q
Wednesday, November 26, 2014 Norway's Odfjell sees its revenues and profits fall amid a continued softening of demand for oilfield services.

Petrofac Slides as Oil Price, Project Delays Weigh
Monday, November 24, 2014 Oilfield services firm Petrofac expects its profit for 2015 to fall short of its goal.

Bumi Armada's 3Q 2014 Net Profit Rises to $32.23M, Up 9.9% YOY
Friday, November 21, 2014 Bumi Armada's net profit reaches $32.23 million in the third quarter of 2014, up 9.9 percent from last year's $29.34 million.

Petrobras Says 3Q Brazil Oil Output Rises to 2.09M Barrels per Day
Monday, November 17, 2014 Petrobras improves its oil production in Brazil by nine percent during the third quarter.

India's ONGC Posts Profit Drop, To Invest $1.7B In Domestic Offshore
Friday, November 14, 2014 India's ONGC posts a 10% fall in quarterly profit, its first drop after four quarters of growth, as lower crude prices hurt profitability from both onshore and offshore blocks.

North Sea Independents Report Solid Progress
Thursday, November 13, 2014 North Sea producers Premier Oil and Ithaca Energy both issue 'solid' updates for their respective third quarters.

Solvay Profit Rise Helped by Fracking, Cheaper Raw Materials
Thursday, November 13, 2014 Belgian chemicals firm Solvay sees 9.5-percent increase in its third-quarter profit thanks to an increased demand for fracking fluids in the US.

Soco International Cuts Full-Year Production Guidance
Thursday, November 13, 2014 Africa-focused Independent oil explorer lowers its production guidance for 2014 to between 13,300 and 13,800 barrels of oil per day.

Swiber Records 9M 2014 Net Profit of $40.1M, Down 22.8% YOY
Thursday, November 13, 2014 Swiber's net profit declines 22.8 percent to $40.1 million for the first nine months of this year, compared to $51.9 million a year ago.

Subsea 7 Warns of Increased Uncertainty in Project Awards
Wednesday, November 12, 2014 Subsea 7, while reporting strong third quarter results, warns of increased uncertainty in the timing of certain project awards from customers due to lower oil prices.

Encana's Operating Profit Nearly Doubles On Higher Oil Production
Wednesday, November 12, 2014 Encana says its quarterly operating profit jumped 87% due to higher production of oil and natural gas liquids.

Maersk CEO Says Company Is Ready To Invest In Oil Fields
Tuesday, November 11, 2014 A.P. Moller-Maersk's third-quarter net profit beat expectations, boosted by a strong performance at its container shipping business Maersk Line.

Driller Transocean To Take $2.76B Charges, Delay Results
Friday, November 07, 2014 Transocean expects to incur management charges of $2.76 billion during 3Q 2014 as it grapples with an oversupplied offshore drilling market.

Central European Oil Firms See 3Q Profit Boost
Thursday, November 06, 2014 OMV and MOL both report upbeat results for the third quarter of 2014, driven in part by their upstream oil and gas operations.

Sembcorp Marine's 3Q 2014 Net Profit Rises 2% to $105.5M
Thursday, November 06, 2014 Sembcorp Marine's net profit rises 2 percent to $105.5 million in the third quarter from a year ago, boosted by higher contribution from rig building and offshore platform projects.

Chesapeake Energy Quarterly Profit And Output Rise
Wednesday, November 05, 2014 Chesapeake reports a bigger-than-expected 8% increase in 3Q profit on higher output from lower-cost shale wells in Texas, Louisiana and Ohio.

Continental Resources Profit Soars As It Exits Oil Hedging
Wednesday, November 05, 2014 Continental Resources posts a quarterly profit that meets Wall Street's expectations.

TransCanada Boosts Keystone XL Cost Nearly 50% To $7.02B
Tuesday, November 04, 2014 TransCanada raises estimated capital costs for its controversial Keystone XL project citing lengthy delays.

Devon Energy Profit Tops Estimates, Output Jumps 19%
Tuesday, November 04, 2014 Devon Energy reports a sharply higher quarterly profit that topped Wall Street estimates.

Talisman Energy Profit Beats Estimates on Lower Expenses
Tuesday, November 04, 2014 Canada's Talisman Energy reports a bigger-than-expected quarterly profit as tight cost controls help offset lower oil and gas prices.

Marathon Oil Quarterly Profit Down, Hit By Lower Oil Prices
Monday, November 03, 2014 Marathon Oil says quarterly profit fell 24%, as a slide in the price of crude offset higher oil and natural gas production from shale wells.

NZ's Shannon Prospect 'Too Exciting' Not to Drill
Monday, November 03, 2014 After recent disappointing results on its Puka field in New Zealand, Kea Petroleum believes the Shannon structure is 'too exciting and too prospective' not to drill.

Exxon, Chevron Results Boosted by Refining as Oil Prices Slip
Friday, October 31, 2014 A surge in refining profits boosts quarterly results at Exxon Mobil and Chevron.

Thailand's PTTEP 3Q Net Profit Down 16% On Year
Thursday, October 30, 2014 Thailand's PTTEP says its third quarter net profit fell 16 percent, hit chiefly by rising expenses and lower prices of crude oil that dragged down its selling prices.

Oil Services Group Technip Eases Concerns Over Oil Sector Strife
Thursday, October 30, 2014 Technip reports greater-than-expected 3Q profit and revenue, easing concerns about oil sector strife.

Shell Appoints New Chairman, Reports Upbeat 3Q Results
Thursday, October 30, 2014 Royal Dutch Shell appoints a new chairman to its board and reports earnings six percent ahead of expectations.

Eni Sticks to Production Guidance after 3Q Slowdown
Thursday, October 30, 2014 Italy's Eni reiterates its full-year production outlook as its third-quarter net profit increases 2.5 percent.

Conoco 3Q Profit Rise, 2015 Capex Seen Lower
Thursday, October 30, 2014 ConocoPhillips reports higher third-quarter profit from the sale of its Nigerian unit but lowered its fourth-quarter production outlook.

Bakken Production Surge Boosts Hess Quarterly Profit
Wednesday, October 29, 2014 Hess posts a better-than-expected quarterly profit as production jumped and costs fell in North Dakota's booming Bakken shale formation.

Whiting Profit Beats Street As North Dakota Output Jumps
Wednesday, October 29, 2014 Whiting Petroleum posts a higher-than-expected quarterly profit as production rises 33% at its North Dakota wells.

France's Total Beats 3Q Profit Forecasts, CEO To Visit Oil Leaders
Wednesday, October 29, 2014 Total's new CEO Patrick Pouyanne will embark on a tour to meet crucial contacts at oil-rich countries as the firm's 3Q profits are squeezed by falling oil prices.

Maersk: Drilling Industry Dip Could Last Into 2016
Tuesday, October 28, 2014 The global offshore oil rig market's downturn could last into 2016, longer than seen a few months ago as a fall in oil prices exacerbates the dip, the chief executive of Maersk Drilling says.

BP Posts Slump In Russian Income But Raises Dividend
Tuesday, October 28, 2014 BP increases dividends for its third quarter as it sees a jump in operating cash flow.

BG posts Bigger-Than-Expected Fall in Profit
Tuesday, October 28, 2014 BG Group reports a worse-than-expected, 26-percent fall in its third-quarter operating profit.

Noble Energy Profit Misses Expectations On Weak Oil Growth
Tuesday, October 28, 2014 Noble Energy posts lower-than-expected quarterly profit as US oil production disappointed analysts partly due to an ongoing lack of infrastructure in a key shale field.

Energy Firm Galp's Profit More than Doubles, Beats Forecast
Monday, October 27, 2014 Portugal's Galp Energia posts a forecast-busting 112-percent increase in third-quarter profits.

Mexico's Pemex 3Q Loss Widens On Lower Crude Output, Prices
Friday, October 24, 2014 Pemex reports a sharply deeper 3Q loss on falling crude output and prices, the company says in a filing with the Mexican stock exchange.

Husky Energy Profit Rises 11.5% On Increased Production
Thursday, October 23, 2014 Husky reports an 11.5% rise in quarterly profit, helped by a 10% increase in production.

EMAS Offshore Posts 39.3% Increase in Net Profit for FY 14 to $54.7M
Thursday, October 23, 2014 Ezra Holding's subsidiary EMAS Offshore posts a four-fold increase in net attributable profit for financial year that ended Aug. 31.

Cenovus Energy Profit Falls 4%
Thursday, October 23, 2014 Canada's Cenovus Energy says its quarterly profit falls four percent due to an unplanned outage at a refinery.

Occidental Petroleum Profit Beats Expectations As Production Jumps
Thursday, October 23, 2014 Occidental Petroleum posts a better-than-expected quarterly profit as US oil production jumps.

Keppel O&M's Net Profit Grows 17% to $201.5M in 3Q 2014
Thursday, October 23, 2014 Keppel O&M's net profit grows 17 percent to $201.5 million in the third quarter of 2014, compared to $172 million a year ago.

Contract Driller Nabors' Revenue Rises On US Shale Spending
Wednesday, October 22, 2014 Nabors reported a 17% rise in revenue, its highest increase in nine quarters, as it benefited from strong spending in US shale fields.