Halliburton beat analysts' estimates for quarterly profit on Jan. 21, as higher drilling activity in international markets helped the oilfield services provider blunt a hit from slowing North America activity.
Schlumberger outlined an aggressive cost-cutting plan for its North American operations as the world's largest oilfield service firm contends with sharp declines in U.S. shale activity.
U.S. natural gas producer EQT Corp. said Jan. 13 it would take a non-cash impairment charge of up to $1.8 billion in the fourth quarter driven by record low gas prices.
Range Resources expects a significant charge in the fourth quarter related to its oil and gas properties in North Louisiana, as U.S. natural gas prices trade near two-decade lows.
Diamondback Energy reported a rebound in oil production after frac hits impacted the Permian Basin operator’s results in third-quarter 2019.
NexTier Oilfield Solutions on Jan. 7 raised its fourth quarter earnings and revenue guidance, according to a presentation at a Miami energy conference.
Offsetting the weak results, Exxon Mobil will report a gain of as much as $3.6 billion from the sale of its Norwegian oil and gas production.
Oilfield services provider Petrofac Ltd. said on Dec. 17 it expected a more than 5% fall in full-year revenue, as delays in bidding processes hit new orders for its engineering and construction segment during the second half of 2019.
Company plans to apply for contracting approval for Mainline system by year-end.