Earnings Reports News

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Schlumberger Sees Payment Delays in Mexico
Thursday, January 27, 2022In 2020, Mexico was home to Schlumberger's biggest source of work awaiting payment.

Energy Transfer Set for Highest Return in Sector
Wednesday, January 26, 2022The company owned by billionaire Kelcy Warren is seen reporting a record annual profit next month.

4Q Earnings Season Is Kicking Off
Monday, January 24, 2022Rigzone's regular energy prognosticators look at the fourth quarter earnings season, higher oil price effects, Russia-Ukraine developments and more.

Equinor Takes $1.8B Impairment on Mariner
Wednesday, January 12, 2022Equinor ASA will make a $1.8 billion impairment on its Mariner field.

Mexico Cuts Pemex Debt Burden by $3.2B
Monday, January 10, 2022Mexico's government said it had slashed Pemex's debt burden.

Shell Says Trading Results in Gas Stronger
Friday, January 07, 2022Shell has a huge global portfolio of natural gas.

Shale Fracker's Stock Jumps as Demand Swells Revenue
Wednesday, January 05, 2022NexTier Oilfield Solutions Inc. soared more than 20 percent.

Exxon Reaps Windfall of Up to $1.9B From Energy Rally
Friday, December 31, 2021Exxon said higher crude oil and natural gas prices boosted quarterly results.

VAALCO Files $150MM SEC Shelf Registration Statement
Friday, December 31, 2021'The filing will provide us increased financial flexibility and more efficient access to the capital markets'.

Shale Drillers Face Record Cost Pressures
Wednesday, December 29, 2021Oil drillers in the biggest U.S. fields are shouldering record costs.

UK North Sea Operators Riding High
Thursday, December 23, 2021Steady production growth, high prices and capital discipline will deliver 'near-record' cash margins in 2022.

Energy Beats Broader Market for First Time in 5 Years
Thursday, December 23, 2021Oil and gas stocks have been the top market performers across North America.

Covid Continues to Impact Petrofac E&C Division
Friday, December 17, 2021Covid-19 disruption continues to impact Petrofac.

Neptune Declares $800MM Dividend
Monday, December 13, 2021Neptune expects that the dividend will be paid to shareholders on December 15.

ConocoPhillips Unveils $1B Variable Dividend
Monday, December 06, 2021The new quarterly dividend will be set based on forward oil prices, cash flow and other factors.

Gazprom Reports Record 3Q Profit
Tuesday, November 30, 2021Net income rose to 581.8 billion rubles ($7.8 billion) compared with a net loss a year ago.

Top USA Rig Owner Tumbles on Profit Squeezing Inflation
Friday, November 19, 2021Helmerich's warning follows similar commentary by America's No. 2 provider of frack pumps.

Majors Need 4 More Years to Surpass Pre-Covid Payouts
Wednesday, November 10, 2021Even in the long-term, the oil majors will struggle to relive the glory years of the late-2000s.

Oxy Loses Money on Oil Hedge
Tuesday, November 09, 2021Occidental, one of the Permian Basin's biggest producers, lost an estimated $339 million from its oil and gas hedges this year through Sept. 30.

Oil Refiner Weighs Spinoff of Renewables Business
Wednesday, November 03, 2021"We are taking a long-term view and want to prepare for the future," CVR Chief Executive Officer Dave Lamp said.

Higher Oil Prices Lift BP Profit In Third Quarter
Tuesday, November 02, 2021BP’s third quarter adjusted net income was $3.32 billion, compared with $86 million a year earlier.

Marathon Petroleum Weighs Alaska Refinery Sale
Tuesday, November 02, 2021Marathon Petrolelum Corp. is weighing a sale of its Kenai refinery.

Majors Will Not Come Running to Fight Energy Crunch
Monday, November 01, 2021Exxon Mobil Corp., Royal Dutch Shell Plc and Chevron Corp. confirmed this week that, for the most part, they'll spend their windfall profits on share buybacks and dividends.

Surging Oil Prices Not All Good for Aramco
Monday, November 01, 2021The surge in oil prices is hurting Aramco's refining and chemicals unit.

Aramco Earnings Surge
Monday, November 01, 2021Third-quarter net profit climbed to $30.4 billion.

Top Headlines: SLB Sees Multi-Billion Dollar Global Revenue in 3Q and More
Saturday, October 30, 2021Check out some of Rigzone's top stories during the last week.

Chevron Eyes More Buybacks After Record Cash Flow
Friday, October 29, 2021Chevron shares rose 2.1 percent to $115.50 in pre-market trading.

TotalEnergies Profit Jumps More Than Expected
Thursday, October 28, 2021While an energy supply crunch is wreaking havoc on Europe's economy, it's lifting the earnings of major producers to multiyear highs.

Shell Generates Record Cash Flow in 3Q
Thursday, October 28, 2021The figure was supported by 'outstanding' cash generation across the businesses and 'boosted' by commodity derivatives.

Exxon Lifts Dividend
Thursday, October 28, 2021Exxon will pay shareholders 88 cents a share during the current quarter, an increase of 1 cent.

Big Oil About to Post Highest Cash Flow in 13+ Years
Tuesday, October 26, 2021The five supermajors will report about $29 billion in free cash flow combined in the third quarter, according to analysts' estimates compiled by Bloomberg.

Schlumberger Sees $Multibillion Global Revenue in 3Q
Monday, October 25, 2021Schlumberger's net income for 3Q came in at $550 million.

Baker Hughes Reports Earnings Stumble As Ida Aftermath Bites
Wednesday, October 20, 2021Baker Hughes reported a third-quarter earnings stumble that included pain from Hurricane Ida and a warning of hampered growth for oil demand.

Permian Shale Oil Is Booming Again
Monday, October 11, 2021Increased access to financing and strong oil demand has created an opening for closely held producers.

Top Headlines: Analysts Release Latest Oil Price Forecasts and More
Saturday, October 09, 2021Check out some of Rigzone's top stories during the last week.

Shell Reveals Ida Impact on Operations
Thursday, October 07, 2021Shell (NYSE: RDS.A) warned that Hurricane Ida in the U.S. Gulf of Mexico is expected to have an aggregate adverse impact of around $400 million on adjusted earnings and cash flow from operations in 3Q.

Exxon Sees $700MM Windfall from Gas Rally
Friday, October 01, 2021Exxon Mobil Corp. said higher global natural gas prices will increase third-quarter profit by about $700 million, a sum that should help the oil giant reduce its debt pile.

Lightsource BP Secures $1.8B Credit Facility
Wednesday, September 22, 2021Lightsource bp has secured a new $1.8 billion revolving credit facility and trade finance facility.

Diamondback Rises After Accelerating Returns
Friday, September 17, 2021Diamondback Energy Inc. rose in after-hours trading after pledging to accelerate cash returns to shareholders in the fourth quarter.

Gunvor to Tap Bond Market for First Time Since 2013
Thursday, September 16, 2021Gunvor Group Ltd. is seeking a return to the bond market for the first time in eight years.

Mexico Refinancing Pemex Debt
Tuesday, September 07, 2021Mexico has begun a process of refinancing state-owned Petroleos Mexicanos's debt, after the nation received a transfer of about $12 billion from the International Monetary Fund.

Shale Prudence Wins Over Debt Market
Tuesday, August 10, 2021Shale drillers racked up a staggering $42 billion in new debt in the first half of the year, but it's not what you think.

Saudi Aramco Profit Surges
Monday, August 09, 2021Saudi Aramco followed its Big Oil competitors with bumper earnings, boosted by a recovery in oil and chemical prices.

Aramco Chemicals Deal Shows Signs of Paying Off
Monday, August 09, 2021Saudi Aramco's decision to buy chemicals maker Sabic, which led its debt levels to burst through a self-imposed borrowing target, is now showing signs of paying off.

Petrobras Earnings Jump Triggers Upgrades
Thursday, August 05, 2021Brazil's state-controlled oil company saw its earnings surge in the second quarter, triggering upgrades and a rally in premarket trading.

BP Increases Buybacks and Dividend
Tuesday, August 03, 2021BP Plc followed its Big Oil peers by increasing dividends and share buybacks as higher crude prices boosted profit.

ConocoPhillips Posts Highest Profit Since 2018
Tuesday, August 03, 2021ConocoPhillips beat estimates as rising commodity prices led America's biggest independent oil producer to the highest profit in nearly three years.

Eni Delivers Exceptional Results
Friday, July 30, 2021Eni delivered exceptional results in the second quarter of the year, according to the company's chief executive officer.

Chevron Revives Buyback of Up to $3B
Friday, July 30, 2021Chevron Corp. is reviving share buybacks that were suspended more than a year ago.

Exxon Posts Highest Profit in More Than 2 Years
Friday, July 30, 2021Exxon Mobil Corp. posted the highest profit in two years as prices for commodities and chemicals surged amid strong consumer demand for plastics.