Earnings Reports News


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US Shale Operators Cut CAPEX, Up Production
Friday, March 01, 2019 Analysis from Rystad Energy reveals a boost in production and a decrease in capital spending for U.S. shale companies in 2019.

America's Shale Boom Keeps Rolling
Wednesday, February 20, 2019 America's surging shale oil production shows little sign of abating, despite industrywide spending cuts.

Oil's Twilight?
Tuesday, February 12, 2019 The global oil industry's foundation of ever-expanding demand will probably crumble and that may hurt profits sooner than expected, according to a London fund manager.

Phillips 66 Posts Record Profits
Friday, February 08, 2019 Phillips 66 followed rival refiner Valero Energy Corp. in blowing away investors with an earnings beat.

Big Oil Proves Crude Price Is Just a Number
Thursday, February 07, 2019 The crude market had its worst quarter in 4 years but you wouldn't be able to tell by looking at Big Oil's stellar earnings numbers.

BP Exceeds Expectations
Tuesday, February 05, 2019 BP joined its Big Oil peers by giving investors a positive surprise.

Oil Supermajors Smash Analyst Estimates
Tuesday, February 05, 2019 The world's biggest oil companies are pumping out cash like crude's at $100 a barrel again and investors love it.

Exxon Streamlines Upstream to Support Growth
Friday, February 01, 2019 ExxonMobil will 'streamline' its upstream organization and 'centralize project delivery across the company' to support plans to double operating cash flow and earnings by 2025.

Permian Boosts ExxonMobil, Chevron Earnings
Friday, February 01, 2019 Soaring Permian oil production helped to boost the wow factor for ExxonMobil and Chevron's Q4 profits.

Shell Pledges To Do It All
Thursday, January 31, 2019 Shell delivers a 'do it all' message.

BHGE Ends 2018 with a $195MM Profit
Thursday, January 31, 2019 The oilfield services giant closes out 2018 with a $195 million profit on nearly $22.9 billion of revenue.

Halliburton Receives International Gains to Close Out 2018
Tuesday, January 22, 2019 The oilfield services giant saw $5.9 billion in revenue in the fourth quarter of 2018.

EOG Join Oil's $1 Billion-a-Quarter Club
Monday, November 12, 2018 The well-heeled, buttoned-down world of international oil now has competition from cowboy boots and jeans.

Start of Very Strong Cycle for Oil and Gas
Tuesday, November 06, 2018 We're at the beginning of a very strong cycle for oil and gas, according to Halliburton's CEO.

Oil Majors See Roaring Profits During 3Q
Monday, November 05, 2018 Oil companies saw soaring profits during 3Q as they emerge worst-in-a-generation crude slump.

ExxonMobil and Chevron Report Strongest 3Q Results in 4 Years
Friday, November 02, 2018 ExxonMobil and Chevron deliver their strongest third-quarter results in four years, capping a week in which Big Oil enjoyed profits not seen since the days of $100 crude.

Shell Produces One of Its Strongest Ever Quarters
Thursday, November 01, 2018 Shell's CEO announced Thursday that good operational delivery across all Shell businesses produced one of the company's strongest ever quarters.

Suncor Profit Tops Estimates
Thursday, November 01, 2018 Suncor posts third-quarter profit that topped analysts' estimates.

BP Unleashes Cash Bet That Oil Will Stay High
Tuesday, October 30, 2018 BP is gearing up to leave European competitors in the dust, at least when it comes to spending the industry's enormous cash pile.

Big Oil Resists Urge to Spend
Friday, October 26, 2018 The world's biggest oil companies aren't returning to their spendthrift ways, despite crude's recovery.

Crude, Pipeline Woes Loom Over Oil-Sands Earnings
Thursday, October 25, 2018 Forgive Canada's oil-sands producers for the whiplash.

Halliburton's Optimism Clouded by Weak End to 2018
Monday, October 22, 2018 Halliburton's optimistic outlook for the U.S. oil and gas industry in 2019 was overshadowed by a worse-than-expected projection for the final three months of this year as activity slows throughout North America.

Russian Oil Giants Offer Bright Spot in Cloudy Economy
Friday, August 31, 2018 Russia's top crude producers more than doubled their combined profit in the first half, trouncing estimates thanks to a weaker ruble and rebounding prices.

Hellenic Petroleum 2Q Core Profit Drops On Weaker Refining Margins
Thursday, August 30, 2018 Hellenic Petroleum reports an 18% drop in second-quarter core profit.

Petronas Boosts Payout To Govt After Quarterly Profit Nearly Doubles
Thursday, August 30, 2018 Petronas is looking to expand its core business portfolio and plans to pay the government a higher dividend than earlier promised, its CEO says.

Gazprom's Second Quarter Profit Soars On Rising Energy Prices, Sales
Wednesday, August 29, 2018 Gazprom reports a surge in second-quarter net profit, beating analysts' expectations.

Lukoil Reports 20% Rise In 2Q Profit On Stronger Oil, Weaker Rouble
Wednesday, August 29, 2018 Lukoil reports a 20% rise in second-quarter net profit helped by stronger oil prices and a weaker rouble.

CNOOC Posts Best Half-Year Profit Since 2015, Domestic Oil Output Drops
Thursday, August 23, 2018 CNOOC says its profits climbed 57% year-on-year in the first half of 2018, boosted by higher crude prices and robust gas sales.

Scottish North Sea Revenue Hits $1.6B
Wednesday, August 22, 2018 Scottish public sector revenue was estimated as $76.7 billion in 2017-18, of which $1.6 billion was North Sea revenue.

Sasol Mulls Refinery Sale Due to Cleaner Fuel Policy
Monday, August 20, 2018 Sasol is looking at options including the possible sale of a refinery due to the country's pending cleaner fuel standards.

Permian Producer Occidental Raises CAPEX Budget, Investors Balk
Thursday, August 09, 2018 Occidental Petroleum says it was raising its capital spending sharply but it maintained a tepid production forecast for the year.

Rosneft Sets Cash-Flow Record
Tuesday, August 07, 2018 Rosneft PJSC posts record cash flow in the 2nd quarter.

Pioneer Natural Resources Profit Hurt By Higher Costs, Hedging Loss
Tuesday, August 07, 2018 Pioneer Natural Resources Co posted lower-than-expected quarterly profit due to higher spending and a hedging loss of $358 million that kept the U.S. shale oil producer from fully benefiting from higher crude oil prices.

Canadian Natural's Production Miss Clouds Profit Beat
Thursday, August 02, 2018 Canadian Natural Resources reports quarterly production that fell short of its own estimates.

HollyFrontier Misses Profit Estimates Hurt By Outage
Thursday, August 02, 2018 HollyFrontier Corp's quarterly profit misses analysts' estimates.

Magellan Midstream Partners Profit Beats Expectations
Thursday, August 02, 2018 Magellan Midstream Partners LP reports quarterly profit that topped analyst expectations.

Big Oil's Winners and Losers Emerge
Wednesday, August 01, 2018 Crude prices rose to 3-year highs, operating costs were down and profit was growing by double or triple digits, but investors still found plenty to complain about in Big Oil's 2Q earnings.

Shale Companies Sink On Investor Disappointment, Hedging Losses
Wednesday, August 01, 2018 Shares of US oil producers dropped sharply after several companies posted weaker-than-expected results.

BP Confidently Pursues Growth
Tuesday, July 31, 2018 BP plc churned out more profit than expected in the second quarter.

Frac Sand Producer US Silica Forecasts Strong Second Half
Tuesday, July 31, 2018 US Silica Holdings Inc's forecast an upbeat second half of the year on strong demand.

Saudi's SABIC Expects 2H Positive Growth; Eyes Overseas Expansion
Monday, July 30, 2018 SABIC expects positive growth in the second half of this year.

PetroChina Forecasts 1H Net Profit To More Than Double; Highest Since 2015
Monday, July 30, 2018 PetroChina expects its profits to more than double in the first half of this year, the latest state oil major to benefit from the revival in crude oil prices.

Diamond Offshore Posts Smaller-Than-Expected Loss On Lower Costs
Monday, July 30, 2018 Diamond Offshore Drilling posts a smaller-than-expected loss.

ExxonMobil, Chevron Earnings Miss Wall St Expectations
Friday, July 27, 2018 ExxonMobil and Chevron posted quarterly results far short of Wall Street's expectations.

Weatherford Posts Smaller-Than-Expected Loss On Higher Drilling
Friday, July 27, 2018 Weatherford International reported a smaller-than-expected loss.

Phillips 66's Profit Beats On Higher Refining Margins
Friday, July 27, 2018 Phillips 66's quarterly profit topped analysts' estimates as cheaper crude prices boosted refining margins by more than 45%.

Results Roundup: Shell Launches $25B Share Buyback Program
Thursday, July 26, 2018 Total, Repsol and Shell report their latest financial results.

ConocoPhillips Boosts 2018 Spending, Production Outlook
Thursday, July 26, 2018 ConocoPhillips posts better-than-expected quarterly profit thanks to rising crude prices.

Valero, Marathon Beat Profit Estimates As Refining Margins Rise
Thursday, July 26, 2018 Two of the biggest independent oil refiners in the US beat Wall Street profit estimates.

Hess Loss Shrinks As Higher Oil Prices Offset Falling Output
Wednesday, July 25, 2018 Hess posts a smaller-than-expected quarterly loss, as higher crude prices offset an unexpected drop in production.