Earnings Reports News


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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.

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

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.

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

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

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

Shell Hikes Dividend and Starts $2B Share Buyback
Thursday, July 29, 2021Royal Dutch Shell raised its dividend by almost 40 percent and said it will buy back $2 billion of shares.

Big Oil Shows Confidence That Big Profits Era Is Back
Thursday, July 29, 2021Europe's largest oil and gas companies showed confidence that the era of big profits is back by significantly boosting returns to shareholders.

Oil and Gas Producers Maintain Focus
Friday, July 16, 2021Rigzone panelists look back at oil and gas market hits and misses for the week ending July 16, 2021.

Shell Pledges to Boost Investor Returns
Wednesday, July 07, 2021Royal Dutch Shell Plc promised to make further amends with investors for last year's historic dividend cut

Qatar Petroleum Raises $12B+ in Bond Offering
Monday, July 05, 2021Qatar Petroleum has announced that it has raised $12.5 billion in a multi-tranche bond offering.

Petchems Firms Report Best Profits in Years
Friday, May 07, 2021The cost of building blocks for everything from plastics to paint has surged over the past year.

ConocoPhillips Plans 25% Debt Reduction
Tuesday, May 04, 2021The plan would essentially bring COP's debt pile back to the pre-Concho acquisition level.

Exxon Earns $2.7B in First Quarter
Monday, May 03, 2021Exxon Mobil Corporation (NYSE: XOM) has announced estimated first quarter 2021 earnings of $2.7 billion.

Chevron Posts Bumper Cash Flow
Friday, April 30, 2021Chevron Corp. generated the most free cash flow since the pandemic emerged as economies clawing their way out of more than a year of lockdowns and paralysis burn more fuel.

Valaris Looks Forward to Soon Emerging from Chapter 11
Thursday, April 29, 2021Valaris' Chief Executive Officer and President, Tom Burke, outlined in the company's first quarter results statement that the business looks forward to 'soon emerging' from Chapter 11.

Total Profit up to Pre-Pandemic Levels
Thursday, April 29, 2021Total SE's profit surged by more than expected in the first quarter, making it the latest oil major to see earnings return to pre-pandemic levels.

Shell Profit Surges More Than Expected
Thursday, April 29, 2021Royal Dutch Shell Plc took the opportunity to pay down its heavy debt burden as profit surged by more than expected in the first quarter.

Big Oil Sees Cash Rolling In
Monday, April 26, 2021After one of the most difficult years in the oil industry's history, crude prices have recovered and major producers are finally generating spare cash.

Shell to Make First Oil Output Profit Since Pandemic
Wednesday, April 07, 2021Royal Dutch Shell Plc said it expects to make the first profit from pumping oil since the start of the pandemic.

BP Reaches Debt Goal Early
Tuesday, April 06, 2021BP Plc said it already achieved its $35 billion net-debt target, reaching the threshold at which it has said it can restart share buybacks about a year earlier than expected.