Earnings Reports News


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UK's Tullow Oil Lifts Outlook On Higher Crude Prices, Output
Wednesday, November 08, 2017 Tullow Oil raised its production targets on Wednesday thanks to higher output from its flagship West African fields.

ConocoPhillips Vows Financial Discipline As Aims To Boost Output
Wednesday, November 08, 2017 ConocoPhillips says it will boost output over the rest of the decade but vowed to do so only when it was financially prudent.

Occidental 3Q Profit Beats Forecasts On Rising Oil Prices
Wednesday, November 01, 2017 Occidental Petroleum Corp posts a better-than-expected quarterly profit as rising commodity prices offset Hurricane Harvey's impact on operations.

Pioneer Natural 3Q Adjusted Profit Beats Expectations
Wednesday, November 01, 2017 Pioneer Natural Resources posts a better-than-expected adjusted profit, helped by rising commodity prices.

Gadfly: Anadarko Woke Up, and It Really Smells the Coffee
Wednesday, November 01, 2017 Five bucks: The price of a fancy cup of coffee had a subtle, but important, role on Anadarko's earnings call.

Devon Energy 3Q Profit Beats Estimates
Tuesday, October 31, 2017 Devon reports a bigger-than-expected quarterly profit, helped by higher realized prices for oil.

New Contracts Drive Diamond Offshore's Profit Beat; Shares Rise
Monday, October 30, 2017 Diamond Offshore reports a higher-than-expected quarterly profit after securing more contracts for its deep-water drilling rigs at better rates.

Sinopec's Oil Refining Overcomes Continued Upstream Losses
Monday, October 30, 2017 China Petroleum & Chemical Corp. says 3Q profit advanced 13%.

Precision Drilling Reports Smaller-Than-Expected Loss
Friday, October 27, 2017 Precision Drilling reports a smaller-than-expected quarterly loss.

Phillips 66 Wraps Up Strong Quarter For Big US Refiners
Friday, October 27, 2017 Phillips 66 wraps up a strong 3Q for big US oil refiners that saw refining margins rise sharply in the aftermath of Hurricane Harvey.

Mexico's Pemex Posts $5.6B 3Q Loss On Lower Output
Friday, October 27, 2017 Pemex reports a narrower loss in the 3Q, but results for the state-run oil company were weighed down by a sharp slump in crude output.

Disappointing Output Betrays Exxon, Chevron Profit Victories
Friday, October 27, 2017 ExxonMobil and Chevron fall after reporting disappointing production for 3Q that undercut outsized earnings results.

Disappointing Output Betrays Exxon, Chevron Profit Victories
Friday, October 27, 2017 ExxonMobil and Chevron fall after reporting disappointing production for 3Q that undercut outsized earnings results.

ConocoPhillips' Profit Beats Estimates, But Budget Cut 10%
Thursday, October 26, 2017 ConocoPhillips, the largest US independent oil producer, reports a better-than-expected quarterly profit.

Whiting Petroleum Quarterly Loss Shrinks As Oil Prices Rise
Wednesday, October 25, 2017 Whiting Petroleum posts a quarterly loss that was smaller than analysts had expected, due in part to higher crude prices.

CNOOC 3Q Revenue Rises; Only Halfway To 2017 Spending Goal
Wednesday, October 25, 2017 Third-quarter revenue rose at CNOOC because of higher oil and natural gas prices but the company's capital spending has lagged its goal.

Hess Shares Fall After Fourth-Quarter Forecast Slashed
Wednesday, October 25, 2017 Hess cut its 4Q production forecast after reporting lower-than-expected output in its largest area of operations, sending its shares down more than 5%.

Halliburton CEO Defends Fracking Business as Margins Disappoint
Monday, October 23, 2017 Fracking isn't looking so great for the world's biggest fracker, but the CEO of Halliburton says he can pull some levers to improve profits.

Halliburton Posts International Revenue Growth, Unlike Schlumberger
Monday, October 23, 2017 Worldwide revenues rose for Halliburton in the third quarter, contrasting with larger rival Schlumberger.

Halliburton Posts International Revenue Growth, Unlike Schlumberger
Monday, October 23, 2017 Worldwide revenues rose for Halliburton in the third quarter, contrasting with larger rival Schlumberger.

Top Oilfield Services Firms Signal Fourth-Quarter Uncertainty
Friday, October 20, 2017 The world's top two oilfield service firms warned of a slowdown in North America and a challenging year ahead.

Top Oilfield Services Firms Signal Fourth-Quarter Uncertainty
Friday, October 20, 2017 The world's top two oilfield service firms warned of a slowdown in North America and a challenging year ahead.

Kinder Morgan 3Q Revenue Dips On Harvey Impact
Wednesday, October 18, 2017 Kinder Morgan reports a 1.5% fall in quarterly revenue, partly due to the impact of Hurricane Harvey.

India's Reliance Industries 2Q Profit Up 7%, Lags Estimates
Friday, October 13, 2017 Reliance Industries posts a 7.3% rise in its 2Q standalone net profit.

OMV Flags Higher 3Q Margins, Kurdistan Windfall
Friday, October 13, 2017 OMV says its refining margin rose to $7.04 per barrel in the third quarter.

Refinery Blazes to Dent Shell 3Q Earnings
Thursday, October 05, 2017 A recent string of fires at Royal Dutch Shell's refineries, including at Europe's largest, is expected to hit the oil and gas company's third-quarter profit and deal a setback to its efforts to improve the segment's performance.

EnQuest Profits Slide On Slower Kraken Oilfield Ramp-Up
Thursday, September 07, 2017 EnQuest reports a sharp drop in first-half profits on lower production and delays in ramping up its flagship Kraken oilfield.

Russia's Gazprom 2Q Net Income Drops 80% YOY, Misses Forecast
Tuesday, August 29, 2017 Gazprom says its second-quarter net income fell by more than 80% year-on-year.

Petronas Raises Payout Commitment To Government As Profit Surges
Friday, August 25, 2017 Petronas raises its dividend payment commitment to the government after reporting that second-quarter profit quadrupled because of higher oil prices and improved margins.

India's Reliance To Boost Profit, Naphtha Exports By Using Ethane
Thursday, August 24, 2017 Reliance expects to increase operating profit and naphtha exports as it switches to cheaper ethane at its petrochemical projects, a company executive says.

Oil Search Profit Soars, Focus On Advancing PNG Gas Projects
Tuesday, August 22, 2017 Oil Search expects its partners to agree by year-end on how to coordinate development of their Papua New Guinea gas projects.

BHP To Quit US Shale Business As Annual Profit Surges
Tuesday, August 22, 2017 BHP Billiton reported a surge in underlying full-year profits and said it would exit its underperforming US shale oil and gas business.

Norway's Record July Gas Sales Could Lift Statoil Earnings
Friday, August 18, 2017 Norwegian gas sales hit a record July high, which analysts said would deliver strong quarterly earnings for top producer Statoil.

Amec Foster's First-Half Trading Profit Falls, Margins Improve
Thursday, August 10, 2017 Amec Foster Wheeler reports an 8% fall in half-year profit, but stronger margins helped to boost its shares.

Continental Becomes Latest US Shale Producer To Cut Budget
Tuesday, August 08, 2017 Continental Resources cut its 2017 capital budget, the latest US shale oil producer to cut back on drilling and fracking equipment amid tepid crude prices.

Canadian Natural Resources Profit Tops Estimates; Cuts CAPEX
Thursday, August 03, 2017 Canadian Natural Resources posts a higher quarterly profit that topped estimates.

Chesapeake To Cut Rig Count, Bring Fewer Wells To Production
Thursday, August 03, 2017 Chesapeake beats quarterly profit estimates, but says it plans to cut its rig count and bring fewer wells into production this year.

Occidental Petroleum's Profit Beats As Prices For Chemicals Jump
Wednesday, August 02, 2017 Occidental Petroleum Corp posts a better-than-expected quarterly profit.

Marathon Oil Cuts Capital Budget After Posting Quarterly Loss
Wednesday, August 02, 2017 Marathon Oil Corp cuts its 2017 capital budget after posting a quarterly loss that fell in line with Wall Street's expectations.

Rising Gas Output Drags Down Shares Of US Shale Leader Pioneer
Wednesday, August 02, 2017 Shares of Pioneer Natural Resources Co plunged after the US shale producer cut its oil-production growth forecast and said it would pump more natural gas this year, spooking investors.

Shale Drillers Show Few Signs of Slowing as Profits Expand
Wednesday, August 02, 2017 Four of the biggest US drillers said they're not backing away from lofty production targets for 2017.

Shale Drillers Show Few Signs of Slowing as Profits Expand
Wednesday, August 02, 2017 Four of the biggest US drillers said they're not backing away from lofty production targets for 2017.

Shale Drillers Show Few Signs of Slowing as Profits Expand
Wednesday, August 02, 2017 Four of the biggest US drillers said they're not backing away from lofty production targets for 2017.

Pioneer Natural Trims 2017 Budget, Cites Weak Oil Prices
Tuesday, August 01, 2017 Pioneer Natural Resources Co posted a better-than-expected profit, but said it would trim its 2017 capital budget.

Devon Energy Trims Full-Year Spending
Tuesday, August 01, 2017 Devon Energy trims its full-year exploration spending by $100 million, joining a growing list of US shale producers.

EOG Resources Profit Disappoints, But Sticks By CAPEX
Tuesday, August 01, 2017 EOG Resources Inc posted a lower-than-expected quarterly profit.

BP Production Growth Boost Shares Despite Profit Drop
Tuesday, August 01, 2017 BP's 2Q profit dipped but beat forecasts after an exploration write-off in Angola.

Canada's Imperial Oil Posts Unexpected 2Q Loss
Friday, July 28, 2017 Imperial Oil reports an unexpected second-quarter loss due to planned and unplanned maintenance that curbed oil output.

Baker Hughes Quarterly Loss Narrows; Expects Slower Activity In 2H
Friday, July 28, 2017 Oilfield services provider Baker Hughes, now part of GE, expects growth in North American onshore activity.

Italy's Eni Confident Of Dividend Even With Lower Oil Prices
Friday, July 28, 2017 Eni says its dividend was safe even at lower oil prices thanks to a string of major discoveries underpinning output growth and cash generation for the years to come.