Earnings Reports News

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Kosmos Appoints New CFO
Monday, February 24, 2020 Kosmos Energy's current senior vice president and chief financial officer will retire in May.

Repsol Profit Misses Estimates
Thursday, February 20, 2020 Repsol SA reported fourth-quarter earnings that missed estimates as a weaker refining and chemicals business and a drop in crude prices had a larger impact than expected.

TechnipFMC Expects $2.4B Impairment Charge
Wednesday, February 12, 2020 TechnipFMC has revealed that it expects approximately $2.4 billion of non-cash asset impairment charges to impact its results in the fourth quarter.

Top Rigzone Articles Roundup
Friday, February 07, 2020 Here's a roundup of Rigzone's top five most popular articles during the last week, just in case you missed them...

Total Profit Beats Estimates
Thursday, February 06, 2020 Total SA's fourth-quarter profit beat even the highest estimate as record production offset the impact of slumping natural gas prices and strikes at its French oil refineries.

BP Shines in Oil Industry Gloom
Tuesday, February 04, 2020 BP's fourth-quarter profit beat analyst estimates and the company increased its dividend slightly.

Permian Proves to be Double-Edged Sword for Exxon, Chevron
Friday, January 31, 2020 Exxon shares fell so much on Friday that the decline wiped out $12 billion in market value in less than three hours.

Chevron Posts Steepest Loss in a Decade
Friday, January 31, 2020 Most of the fourth-quarter loss stemmed from $10.4 billion in previously announced impairments.

Top Rigzone Articles Roundup
Friday, January 31, 2020 Here's a roundup of Rigzone's top five most popular articles during the last couple of weeks, in order, just in case you missed them...

Shell Hits 2-Year Low
Thursday, January 30, 2020 Royal Dutch Shell Plc fell to the lowest in more than two years after it scaled back share buybacks.

Ovintiv Faces Investors Post Encana Rebranding
Wednesday, January 29, 2020 Before its name change, the Canada-listed shares of EnCana had been falling for a decade.

Hurricane Baffled by Share Price Drop
Wednesday, January 29, 2020 Hurricane is not aware of any subsurface, operational or commercial reasons that would have caused the recent weakness in the company's share price.

Chemicals Glut Drags Down Sabic Profit
Wednesday, January 29, 2020 Saudi Basic Industries expects earnings to come under further pressure this year from sluggish economic growth and an oversupply of petrochemicals.

Exxon at 10-Year Low
Tuesday, January 28, 2020 It's almost as if the last decade never happened for investors of Exxon Mobil Corp. shares.

Oil Traders Made Billions in 2019
Monday, January 27, 2020 The world's largest energy traders enjoyed one of their best ever years in 2019.

Focus Projects Strained McDermott Finances
Thursday, January 23, 2020 'Focus projects', namely Freeport and Cameron LNG, significantly strained McDermott's finances.

Schlumberger Posts $10B Loss in 2019
Friday, January 17, 2020 Schlumberger posted a $10.1 billion loss in 2019 amid North America land market weaknesses.

Tullow to Take $1.5B Charge
Wednesday, January 15, 2020 Tullow Oil expects to take a charge of $1.5 billion when it reports 2019 results.

Weatherford Emerges from Chapter 11
Tuesday, December 17, 2019 Weatherford International has completed its financial restructuring and emerged from chapter 11 protection.

Chevron Eyes $11B Writedown Amid Weak Gas Prices
Tuesday, December 10, 2019 More than half of it is from its Appalachia natural gas assets after a slump in prices.

Fredriksen Leaves Seadrill Board
Thursday, November 21, 2019 Billionaire John Fredriksen steps down as chairman of Seadrill.

Halcon Posts Net Loss in 3Q Earnings
Wednesday, November 13, 2019 Houston-based Halcon Resources Corporation reported a net loss of $63.3 million (40 cents per share) in the third quarter.

Oil Majors' Carbon, Portfolio Changes Offer Long-Term Positives
Wednesday, November 13, 2019 Both BP and Royal Dutch Shell recently shared downbeat financials but their long-term objectives are a silver lining.

Icahn to Plan Proxy Fight at Occidental
Friday, November 08, 2019 Carl Icahn plans to launch a proxy fight at Occidental following cuts to the company's budget that may put its dividend at risk because of debt incurred in its $37 billion takeover of Anadarko.

Enbridge Adding More Pipeline Capacity
Friday, November 08, 2019 Enbridge Inc. is adding more pipeline capacity for Canadian oil producers this year and sees progress on the crucial C$9 billion ($6.8 billion) replacement and expansion of its Line 3 crude-oil pipeline.

Weir Group Cut 450 US Jobs from Oil, Gas Division
Thursday, November 07, 2019 The Weir Group, plc cut one-fifth of its oil and gas workforce in the U.S. during third quarter as it encountered weak market activity in North America.

Chesapeake Stock Nosedives to 20-Year Low
Wednesday, November 06, 2019 Shares fell as much as 24 percent intraday on Wednesday to their lowest since 1999.

Mitsubishi to Shut Singapore Based Oil Unit
Wednesday, November 06, 2019 Mitsubishi Corp. will shut its Singapore-based oil unit after saying a rogue trader lost about $314 million in unauthorized transactions.

Hollub Faces Investor Scrutiny
Monday, November 04, 2019 Vicki Hollub is set to face investors for the first time since leading Occidental Petroleum Corp.'s controversial $37 billion purchase of Anadarko Petroleum Corp.

Aramco Starts IPO
Monday, November 04, 2019 Saudi Arabia is pulling out all the stops to ensure the success of Aramco's initial public offering.

Exxon Posts 49 Percent Profit Loss in 3Q
Friday, November 01, 2019 ExxonMobil Corp. reported $3.17 billion in profits in the third quarter, nearly half of its profit from one year ago, according to the company's third quarter earnings statement.

Chevron Misses Profit Estimate
Friday, November 01, 2019 Chevron Corp.'s third-quarter earnings missed estimates, making it the only oil major to fall short of analysts' predictions.

Weatherford Reports $821MM 3Q Loss
Thursday, October 31, 2019 Struggling oilfield services company Weatherford International had a loss of $821 million in third quarter of 2019.

Repsol Profit Beats Estimates
Thursday, October 31, 2019 Repsol SA's third-quarter income beat expectations as retail and chemical operations helped offset lower oil prices.

Baker Hughes Rakes in Higher Profits in 3Q
Wednesday, October 30, 2019 Baker Hughes Company's net income for third quarter was $57 million, more than quadruple the amount year-over-year.

Big Oil Gets Bigger
Wednesday, October 30, 2019 Big oil has gotten a lot bigger, according to Wood Mackenzie Chairman and Chief Analyst Simon Flowers.

BP Profit Beats Amid Strong Refining Performance
Tuesday, October 29, 2019 BP reported profit that beat analyst estimates as a strong refining performance offset the effect of lower oil and natural gas prices, and bad weather that curbed production.

ConocoPhillips Profit Beats Estimates
Tuesday, October 29, 2019 ConocoPhillips follows BP Plc in posting higher-than-expected third-quarter profit.

Big Oil Investors Bracing for Bad News
Monday, October 28, 2019 Slumping energy prices, sluggish global demand and shrinking chemical margins are weighing on the oil industry as its biggest names prepare to announce quarterly results.

TechnipFMC 3Q Profits Dip
Friday, October 25, 2019 TechnipFMC saw its net income drop to $21.8 million in third quarter.

Helix Reports Highest Quarterly Revenue Since 2014
Tuesday, October 22, 2019 4Q operations will face the normal winter slowdown in the North Sea and lower rates in the Gulf of Mexico.

Halliburton Plans Cost Cuts as 3Q Revenue Dips
Monday, October 21, 2019 The oilfield services company vows to "streamline operations" in the fourth quarter to generate $300 million in cost savings.

Schlumberger Reassessing North America Land Strategy
Monday, October 21, 2019 The strategic review of its US land market business is on the heels of weak regional performance during 3Q.

Schlumberger Rips Off Band-Aid With $12.7B Writedown
Friday, October 18, 2019 Wall Street guessed that writedowns from Schlumberger were coming, but some analysts were taken aback by the sheer size of the $12.7B in pretax charges reported.

US Independent Emerges from Bankruptcy
Thursday, October 10, 2019 Halcon Resources Corporation has emerged from bankruptcy under chapter 11 of the U.S. bankruptcy code.

Oil Major Accelerates Dividend Growth
Tuesday, September 24, 2019 French oil major Total revealed Tuesday that its board of directors has decided to accelerate dividend growth in the coming years.

Volatile Market Expected to Continue in 2H
Friday, September 20, 2019 The oil and gas market is expected to continue to be volatile in the second half of 2019, Petronas notes.

A Crazy Day for Oil Leaves Traders Dazed
Wednesday, September 18, 2019 The Sunday opening of the oil market is traditionally a sedate affair. Last Sunday was different.

Rig Bosses Try to Win Back Investors
Friday, September 13, 2019 Offshore drilling executives are trying to win back investors who have fled their stocks over the past year.

Sasol Delays 2019 Results Again
Friday, September 06, 2019 Sasol delayed its annual financial results for a second time to allow for a more in-depth investigation into what went wrong during construction of its $13 billion Louisiana chemical project.