Earnings Reports News


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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.

China's Sinopec Expects Best Quarter In Years Boosted By Oil Revival
Tuesday, July 24, 2018 China Petroleum and Chemical Corp expects to report its best quarter since 2013.

Halliburton Sees Moderate Permian Growth On Pipeline Worries
Monday, July 23, 2018 Shares of Halliburton fell by more than 8% after the company warned of moderate growth in the oil and gas-rich Permian Basin.

Schlumberger, Baker Hughes Set Sights on 'Healthy' 2H
Friday, July 20, 2018 Schlumberger and Baker Hughes have their sights set in different directions as they move into the second-half of 2018.

Socar's Oil Trading Arm Rolls Back Expansion After Weak Profits
Wednesday, July 18, 2018 Azerbaijan's Socar is refocusing its trading arm's activities on LNG and its new Turkish refinery.

Norway's Aker BP Misses Q2 Forecasts, Ups Exploration Spending
Friday, July 13, 2018 Aker BP will increase its exploration spending plan this year due to new prospects off Norway, the oil firm says.

Malaysia's Sapura Energy Makes First-Quarter Loss
Friday, June 29, 2018 Malaysia's largest oil and gas services firm Sapura Energy Bhd reports a loss in Q1,.

Santos Set To Resume Dividends Earlier Than Expected, Shares Rise
Thursday, June 28, 2018 Australia's Santos Ltd says it will resume its dividend payment policy earlier than expected.

Petrofac Posts Higher Orders As Demand Picks Up
Tuesday, June 26, 2018 Oilfield services firm Petrofac Ltd reports a 5.9% increase in new orders.

Namibia Wildcat 'Final Throw of the Dice' for Chariot
Wednesday, June 06, 2018 The wildcat prospect S in Namibia is 'arguably the final throw of the dice' for Chariot Oil & Gas Limited, according to analysts at Cantor Fitzgerald Europe.

Russia's Gazprom Neft Says Q1 Earnings Up 12.5% Y-o-Y
Tuesday, May 29, 2018 Russia's Gazprom Neft, the oil arm of gas giant Gazprom, says its first-quarter net income rose by 12.5% year-on-year.

ExxonMobil CEO's Solution on Shares: Drill Big, Drill Better
Thursday, May 24, 2018 Darren Woods is mounting a strong defense of his plan to rescue ExxonMobil from its share-price slump.

Russia's Rosneft 1Q Profit Jumps As Oil Market Starts To Rebalance
Monday, May 14, 2018 Rosneft saw its net profit rise seven-fold in the first quarter.

Wood Group Sees Good Trading Momentum, Amec Integration Ahead Of Schedule
Friday, May 11, 2018 Wood Group Plc sees good trading momentum in Q1 and says its integration of Amec Foster Wheeler is ahead of schedule.

Energen Profit More Than Triples On Higher Oil Prices
Tuesday, May 08, 2018 Energen Corp reports a first-quarter profit that more than tripled, helped by a surge in production and higher average prices for its oil.

Petrobras' Profit Jumps On Asset Sales, Higher Oil Prices
Tuesday, May 08, 2018 Petrobras reports a 57% surge in quarterly profit.

Aker BP Profit Tops Forecast, May Drill More Wells
Monday, May 07, 2018 Aker BP says it may drill more wells this year than previously planned.

Canadian Natural Resources To Limit Output During Transport Crunch
Thursday, May 03, 2018 Canadian Natural Resources Ltd (CNRL) says it will produce less than expected this spring.

HollyFrontier Beats As Permian, Canadian Crude Drive Margin Gains
Wednesday, May 02, 2018 HollyFrontier posts a 70% rise in 1Q refining margins.

Apache Beats Profit Estimates On Higher Crude Prices
Wednesday, May 02, 2018 Apache reports a 32% fall in first-quarter profit as the oil and gas producer failed to benefit from higher crude oil prices due to lower production.

Continental Resources Profit Surges Past Wall Street's Forecast
Wednesday, May 02, 2018 Continental Resources posts a better-than-expected quarterly profit.

BP Profit Beats Estimates, Highest in Years
Tuesday, May 01, 2018 Shareholders react positively to the highest profit in years even as the continuing burden of oil-spill payments push debt higher.

Encana Skirts North American Pipeline Mess to Protect Prices
Tuesday, May 01, 2018 Encana has so far avoided the pipeline bottlenecks, thanks to the company's hedging program and transportation agreements.