Earnings
Earnings , Drilling , Digital Oilfield , Completions
Halliburton Profit Beats Estimates on Cost Cuts, Demand Recovery
Halliburton Co. posted a better-than-expected fourth-quarter profit on Jan. 19, buoyed by cost cuts and a recovery in demand for oilfield equipment and services after last year’s industry slump.
Earnings , Exploration & Production , Shale Plays
OPEC Output Cuts Should Help US Shale Profits in 2021
Higher oil prices will fall directly to U.S. shale producers' bottom lines given recent cost cuts and commitments to keeping output flat.
Public Capital , Earnings , Exploration & Production
Dallas Fed Survey: US Energy Execs See Capital Spending Rising in 2021
About half of U.S. energy company executives polled by the Federal Reserve Bank of Dallas expect their firms to increase capital spending in 2021, and another quarter of respondents see those expenditures remaining flat.
Public Capital , Earnings
Exxon Mobil Signals Up to $20 Billion Write-down to Overwhelm Fourth-quarter Gains
Exxon Mobil signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth-quarter results, but the gains would be overshadowed by an up to $20 billion asset write down.
Earnings , Exploration & Production , Liquefied Natural Gas (LNG) , Emissions
Shell to Write Down Assets Again, Taking Cuts to More Than $22 Billion
Royal Dutch Shell on Dec. 21 said it will write down the value of oil and gas assets by $3.5 billion to $4.5 billion following a string of impairments this year as it adjusts to a weaker outlook.
Public Capital , Earnings , Midstream
Kinder Morgan Raises Dividend on Profit Expectations for 2021
Kinder Morgan said on Dec. 8 it expects to generate higher income in 2021 and raised its annual dividend, as the pipeline operator cost cuts this year in the face of oil demand destruction.
Public Capital , Earnings , Midstream
Pipeline Operator Enbridge Forecasts Higher 2021 Core Earnings
Enbridge said it also expects rates for gas transportation to rise and a growing customer base for gas distribution and storage.
Restructurings , Earnings , Exploration & Production , Drilling
Offshore Driller Noble Corp. to Emerge from Chapter 11 Bankruptcy
Noble Holding Corp. revealed on Nov. 23 that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the company’s Joint Plan of Reorganization.
Earnings , Exploration & Production , Technology
Wintershall Dea Looks beyond Pandemic, Costs to Fall, Volumes to Rise
German oil and gas company Wintershall Dea said Nov. 23 the low commodity prices caused by the coronavirus crisis had hit its third-quarter results, but that sustainably lower operating costs and higher output would help long-term.
Public Capital , Earnings , Exploration & Production , Emissions , Shale Plays
Occidental Caps 2021 Spending, Sets Net-Zero Emissions Target
Occidental is returning drilling rigs to work in the Permian Basin in the southwestern U.S. and in Colorado this quarter, and returned a drillship to the Gulf of Mexico in early October.