Earnings Reports News

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Energen's Oil Production Forecast Misses Estimates Amid Proxy Fight
Tuesday, February 20, 2018 Energen reports a better-than-expected quarterly profit, but expectations for oil production fell short.

Andeavor To Run Refineries Up To 96% Combined Capacity In 1Q
Friday, February 16, 2018 Andeavor says it plans to run its 10 US refineries up to 96% of their combined capacity.

Eni Holds Out Promise Of Richer Returns As Profits Soar
Friday, February 16, 2018 Eni says it could create 'substantial surplus value' for shareholders in the future after 4Q profits more than double and beat forecasts.

Enbridge To Double Asset Sales, Targets About C$8B, Sources Say
Thursday, February 15, 2018 Enbridge plans to accelerate its divestment program by selling assets.

EU Majors Not Committing to Increase Staff Numbers, Despite Profit Boost
Thursday, February 15, 2018 European oil and gas majors are not committing to raise staff numbers in 2018, despite reporting increasing profits.

TransCanada Expands Gas Pipelines With Keystone XL in Limbo
Thursday, February 15, 2018 TransCanada announces another major expansion of its natural gas system in Alberta.

Marathon Oil Profit Beats Forecasts On Rising Crude, Cost Cuts
Wednesday, February 14, 2018 Marathon Oil Corp posts a better-than-expected adjusted quarterly profit.

Occidental Petroleum Profit Matches Street Forecast; Shares Slip
Tuesday, February 13, 2018 Occidental Petroleum Corp posted a quarterly profit that met - but did not exceed - Wall Street's expectations.

'Spark' Is Back in Oil Industry
Tuesday, February 13, 2018 The 'spark' seems to be back in the oil industry, according to Tethys Oil's managing director Magnus Nordin.

India's BPCL 3Q Profit Slips 6%
Friday, February 09, 2018 Bharat Petroleum posts a near 6% fall in third-quarter profit.

Abu Dhabi's TAQA Swings To Annual Profit, Helped By Higher Oil Prices
Thursday, February 08, 2018 Abu Dhabi National Energy Co. (TAQA) swings to an annual profit after a loss in 2016.

France's Total Lifts Shareholder Rewards As Profit Jumps
Thursday, February 08, 2018 Higher production drove a 28% rise in net profit at Total last year.

Tullow Swings Into Profit As Focus Shifts To Kenya
Wednesday, February 07, 2018 Tullow Oil swung back into profit in 2017 after 3 years in the red.

Statoil Raises Dividend And CAPEX As Oil Sector Picks Up
Wednesday, February 07, 2018 Statoil will raise its dividend, investments and exploration spending in 2018.

Total CEO Pouyanne Says 2017 Net Profit To Be 30% Better Than 2016
Tuesday, February 06, 2018 French oil and gas group Total will report 2017 net profits that are expected to be some 30% better than the $8.3 billion recorded in 2016.

BP's Profits Surge As It Leaves Downturn Behind
Tuesday, February 06, 2018 BP's profits more than doubled in 2017 to $6.2 billion, powered by higher prices and output of oil and gas.

Hess Posts 13th Straight Quarterly Loss; Shares Dive
Monday, February 05, 2018 Hess posts its 13th straight quarterly loss as ballooning expenses offset rising crude prices, sending shares down nearly 5%.

Canada's Imperial Oil Misses Profit Estimate As Expenses Weigh
Friday, February 02, 2018 Imperial Oil reports a lower-than-expected adjusted quarterly profit.

ExxonMobil, Chevron Disappoint by Missing Out on Industry Rebound
Friday, February 02, 2018 ExxonMobil and Chevron, usually trendsetters in the oil industry, are woefully off the pace.

ExxonMobil Profit Misses Street On Refining, Chemical Weakness
Friday, February 02, 2018 ExxonMobil posted a lower-than-expected quarterly profit due to falling production and weakness in its chemical and refining operations.

Aker BP Q4 Core Profit Lags Market Expectations
Friday, February 02, 2018 Norway's Aker BP posts a 5% rise in 4Q core profit on Friday, lagging market expectations.

Refiners Valero, Marathon See Upbeat 2018 On Global Growth
Thursday, February 01, 2018 Valero and Marathon Petroleum expect strong global economic growth to spur demand for oil in 2018.

ConocoPhillips Swings To Profit, Helping Boost Dividend, Buyback
Thursday, February 01, 2018 ConocoPhillips swings to a quarterly profit due in part to rising crude prices.

Shell Poised To Dethrone Exxon In Oil Titans' Cash Clash
Thursday, February 01, 2018 Shell could usurp its largest rival ExxonMobil as the energy sector's biggest cash generator.

India's IOC 3Q Profit Beats Estimates On Higher Inventory Gains
Tuesday, January 30, 2018 Indian Oil Corp says its third-quarter profit nearly doubled, handily beating estimates.

Japex To Book C$750 Mln Impairment Loss On Its Shale Gas Project For Q3
Friday, January 26, 2018 Japan Petroleum Exploration Co Ltd (Japex) will book an impairment loss of $608 million on its shale gas project in Canada.

Thai PTTEP Profit Jumps 60%, Eyes New Investments
Friday, January 26, 2018 Thai PTT Exploration and Production Pcl (PTTEP) reported profit rose 60% in 2017.

GE's Baker Hughes Adjusted Profit Beats On Higher N. America Demand
Wednesday, January 24, 2018 Baker Hughes reports 4Q revenue that beat analyst estimates and profit that modestly exceeded forecasts as growing US oil production spurred demand for its products.

South Africa's Sasol Expects H1 Earnings To Rise Up To 6%
Tuesday, January 23, 2018 Sasol expects half-year profit to lift as much as 6% on the back of higher crude oil prices.

Halliburton Upbeat On 2018 As Oil Recovery Spreads
Monday, January 22, 2018 Halliburton reports a bigger-than-expected adjusted quarterly profit and gave an upbeat outlook for 2018

Schlumberger Profit Beats, Predicts Strong 2018 For Shale
Friday, January 19, 2018 Schlumberger expects another strong year for shale drilling in 2018 along with its first international business growth in four years.

BP Expects to Take $1.7B Deepwater Horizon Charge
Tuesday, January 16, 2018 BP expects to take a post-tax non-operating charge of around $1.7 billion in its fourth quarter 2017 results.

Russia's Transneft Says Dispute With Sberbank Resolved
Friday, January 12, 2018 Russian oil pipeline monopoly Transneft resolves its dispute over financial derivatives with the country's largest lender, Sberbank.

'Drunken Sailor' Oil Spending May Stir Investor Merger Push
Tuesday, January 09, 2018 Ben Dell doesn't just want to change how oilfield executives are paid. He thinks there could be a lot fewer of them around.

BP Takes $1.5B Hit Over US Tax Changes, Joining Shell
Tuesday, January 02, 2018 BP expects a positive impact on future post-tax earnings from the United States after the changes to US corporate taxes.

UK's Wood Group Sees 2017 Core Earnings Of $590-$600MM
Wednesday, December 13, 2017 John Wood Group, which bought smaller rival Amec Foster Wheeler earlier this year, expects 2017 core earnings of between $590 million and $600 million.

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.

PTT Global Chem Profit Beats On Higher Sales Volume, Refining Margins
Wednesday, November 08, 2017 PTT Global Chemical reports a 60% jump in third-quarter profit.

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.

MOL Q3 Net Profit Below Forecast, Flags Dividend Increase
Friday, November 03, 2017 Hungarian oil and gas group MOL reports a 29% annual drop in quarterly net profit due to weaker than expected performance by its downstream business.

Repsol Posts 88% Increase in 3Q Profit, Analysts Reveal 'Mixed' Reactions
Friday, November 03, 2017 Spanish oil firm Repsol S.A posts an 88% increase in 3Q net profit.

Cenovus' Profit Beats Street View, Production More Than Doubles
Thursday, November 02, 2017 Cenovus Energy Inc's 3Q adjusted profit beat Wall Street estimates on Thursday.

Shell Posts 3Q Earnings Boost of Almost 50%
Thursday, November 02, 2017 Royal Dutch Shell posts an income boost of almost 200% in 3Q.

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.

HollyFrontier Profit Beats On Higher Refining Margins; Shares Jump
Wednesday, November 01, 2017 HollyFrontier reports a better-than-expected quarterly profit.

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.

BP Delivers 3Q Profit Boost
Tuesday, October 31, 2017 BP plc's group chief executive, Bob Dudley, says there is still room for further improvement after the company posted a profit increase in the third quarter of 2017.

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.