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Saudi Oil Cut Risks Leaving Bitter Taste for Budget
Thursday, June 08, 2023Saudi Arabia's plan to slash oil production by around 10 percent may hit its finances hard.
Par Pacific Completes Buy of ExxonMobil Refinery
Tuesday, June 06, 2023The divestment includes the Silvertip pipeline and ExxonMobil's 40 percent stake in the Yellowstone pipeline and Yellowstone Energy LP.
USA Shale Seen Holding Firm on Returns
Tuesday, June 06, 2023U.S. shale producers will stick to their previously announced plans for 2023.
Shell And Idekapital Invest $90MM in Kongsberg Digital
Monday, June 05, 2023Kongsberg Digital has secured a $90 million investment from Shell Ventures and Idekapital.
Equinor Regains $108MM Shares in Buyback's Second Tranche
Thursday, June 01, 2023Equinor bought almost 2.55 million own shares on the Oslo Stock Exchange for an average price of about $27.
Tsakos Posts 28-Fold Rise in Quarterly Profit Year on Year
Wednesday, May 31, 2023The energy carrier reported $177.458 million in quarterly net income driven by strong charter rates.
EMEA Oil and Gas Firms to Maintain Robust Free Cash Flows: Fitch
Wednesday, May 31, 2023Fitch expects prices to moderate but still sees robust cash in the near term for most EMEA oil and gas firms.
ConocoPhillips Preempts TotalEnergies' Sale of Surmont
Monday, May 29, 2023ConocoPhillips is acquiring TotalEnergies' Surmont stake for 100 percent ownership.
ROK's Debt Down Over Four Times at $8.3MM
Monday, May 29, 2023ROK paid down $27 million in net debt in the first quarter.
Saudi Net Reserves Fall to $410B
Monday, May 29, 2023Saudi Arabia's foreign reserves fell in April to the lowest in more than 13 years.
Dorian LPG Doubles Annual Profit
Thursday, May 25, 2023The gas carrier reported $172.44 million in net income for the 12 months to March 2023.
Adnoc Unit Gets $125B in Orders for $769MM IPO
Thursday, May 25, 2023Adnoc Logistics & Services drew orders worth $125 billion for its $769 million initial public offering in Abu Dhabi.
TotalEnergies Acquires Biogas Stake
Wednesday, May 24, 2023TotalEnergies bought a 20 percent interest in Ductor.
Navigator Posts $18.8MM Quarterly Profit Supported by USA Gas Exports
Tuesday, May 23, 2023Navigator Holdings benefited from sustained momentum in ethylene and LPG shipments from the USA.
Adnoc Explores Introducing New Heavier Crude Grade
Friday, May 19, 2023The biggest oil producer in the United Arab Emirates is exploring the idea of selling a new, heavier crude grade.
Adnoc Unit's $607MM Abu Dhabi IPO Sells Out in Minutes
Tuesday, May 16, 2023The initial public offering of Adnoc Logistics & Services got enough orders to cover all shares within minutes.
Saudi Arabia Moves Closer to Another Aramco Stock Offering
Tuesday, May 16, 2023Even a one percent offering would raise more than $20 billion for the kingdom.
Neptune Energy's Profit Plummets
Monday, May 15, 2023Neptune Energy has posted a net profit of $205.9 million for the first quarter of 2023.
Teekay Profit Rises to $169MM on Higher Spot Rates
Friday, May 12, 2023Teekay's January-March result is its highest quarterly earnings when adjusted for non-recurring costs.
Hartshead Closes Sale of 60 Percent Stake in UK Project
Thursday, May 11, 2023The transfer serves to meet costs for the initial phase of development.
Occidental Logs $1.26B Profit, Will Redeem Berkshire Stake
Wednesday, May 10, 2023Occidental launched a repurchase for Berkshire's preferred stock.
Valero Maintains Quarterly Dividend
Wednesday, May 10, 2023Valero declared $1.02 in regular quarterly cash dividend per common share.
Sound Energy Doubles Profit in 2022
Wednesday, May 10, 2023Sound Energy has continued its transition to a development and production company.
Aramco Touts Higher Dividend as Saudi Economy Slows
Tuesday, May 09, 2023Aramco will introduce an additional dividend.
Devon Posts $995MM Profit amid Record Oil Output
Tuesday, May 09, 2023Devon's oil production surged to an all-time high 320,000 bpd.
International Seaways Logs $173MM Quarterly Profit
Monday, May 08, 2023International Seaways' shipping revenues nearly tripled year on year.
Canadian Natural's Profit Down YoY, Debt Up
Friday, May 05, 2023Canadian Natural posted $1.33 billion in net income for the first quarter.
Phillips 66 Profit More Than Triples Year on Year
Thursday, May 04, 2023Phillips 66 reported $1.961 billion in net income for the first quarter.
Marathon Oil Profit Dips amid Lower Prices
Thursday, May 04, 2023Marathon Oil reported $417 million in net income for the first quarter.
Shell to Buy Back Further $4B Shares as Profit Beats Estimates
Thursday, May 04, 2023Shell maintained the pace of share buybacks as it reported another strong quarterly profit.
Gran Tierra Posts $9.7MM Loss for First Quarter
Wednesday, May 03, 2023Gran Tierra expects to strengthen its cash flow with higher oil production.
BP Puts Brake on Share Buybacks as Profit Dips
Tuesday, May 02, 2023BP reported a smaller-than-expected drop in first-quarter profit.
WEC Logs $507.5MM Profit
Tuesday, May 02, 2023WEC's net income for the first quarter dipped year on year as electricity and natural gas sales fell.
JERA's FY2022 Revenue Up 71 Percent
Monday, May 01, 2023JERA's net sales for its fiscal year ended March rose to $35 billion.
Imperial Posts $920MM Profit for First Quarter
Monday, May 01, 2023Imperial Oil Ltd. reported Friday $920 million (CAD 1.248 billion) in net income for the first quarter.
USA to Permit Court-Ordered Auction of Citgo Parent's Shares
Monday, May 01, 2023The US will not block the court-ordered sale of shares of Citgo Petroleum Corp.'s parent company.
Caterpillar's Sales, Revenues Up $15.86B Year on Year
Friday, April 28, 2023Caterpillar's gross income rose 17 percent year on year.
Valero Profit Up But Shares Down Amid Emissions Target Row
Friday, April 28, 2023Valero traded lower despite net income more than tripling to $3.067 billion year on year.
Eni Beats Profit Forecasts But Lowers Outlook on Weaker Gas Prices
Friday, April 28, 2023Eni trimmed its 2023 earnings guidance due to lower gas prices.
Exxon, Chevron Profits Booming as If Oil Was $145
Friday, April 28, 2023Exxon Mobil Corp. and Chevron Corp. are reaping profits not seen since oil topped $145.
Antero Posts $213MM in First-Quarter Net Income
Thursday, April 27, 2023Antero's net income fell about 71 percent quarter on quarter.
TotalEnergies to Boost Returns on Sale of Canadian Oil Sands
Thursday, April 27, 2023TotalEnergies SE reported a smaller than expected decline in first-quarter profit.
SLB Boosts Net Income 83 Percent YoY
Tuesday, April 25, 2023The company's 1Q revenue came in at $7.73 billion.
Europa Oil & Gas Posts Pre-Tax Loss
Tuesday, April 25, 2023Europa Oil & Gas posted a $1.6 million pre-tax loss.
Russia Weighs Cutting Multibillion-Dollar Subsidies to Oil Firms
Tuesday, April 25, 2023Russia's public finances have deteriorated sharply since the Kremlin started the war in Ukraine.
Baker Hughes Posts $5.7B Revenue for First Quarter
Thursday, April 20, 2023Baker Hughes said Wednesday it had collected $5.716 billion in revenue for the first three months of 2023.
DeepOcean Increases Profit in 2022
Wednesday, April 19, 2023DeepOcean increased its profit last year.
Exxon Faces Investor Demand for More Disclosure of Climate Risks
Monday, April 17, 2023LGIM, together with Christian Brothers Investment Services, said on Monday it's filed a shareholder resolution.
Saudi Transfers 4 Percent of Aramco Shares to Sanabil
Monday, April 17, 2023The divestment to Sanabil Investments follows efforts to diversify the Kingdom's oil-reliant economy by refocusing government investment on private and other sectors, as laid out in Saudi Vision 2030.
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