Earnings
Earnings , Technology
Schlumberger Estimates Revenues over $22.5 Billion for 2021
Top oilfield service provider Schlumberger NV on June 2 estimated 2021 revenues would top $22.5 billion, as oil and gas prices recovered and the company tapped into a growing market for low-carbon technology.
Investment , Earnings , Midstream
Morgan Stanley: Capital Flowing into Midstream but Investors Should Be Picky
Despite risks, the midstream sector appears to be well-positioned for the second half of 2021.
Earnings , Exploration & Production
Petrobras Reverses Losses, Signals Continuity
CFO Rodrigo Araujo said Petrobras intended to follow the company’s 2021 to 2025 strategic plan, which calls for significant debt reduction and a sharp focus on deepwater production assets.
Public Capital , Earnings
California Resources Launches $150 Million Share Buyback Program
As California Resources is tracking to the high end of 2021 free cash flow guidance, the company will look for additional ways to return capital to our shareholders as the year progresses, CEO Mac McFarland says.
Earnings , Midstream
Strong Q1 for Midstream Reflected in Payouts to Investors
Alerian’s MLP/Midstream indexes reflect stability compared to other oil and gas sectors.
Earnings , Exploration & Production
Chesapeake Energy Reports Quarterly Profit after Bankruptcy Exit
Chesapeake on May 11 also declared an annual dividend on its common shares of $1.375 per share.
Public Capital , Earnings , Shale Plays
Houston-based Occidental Petroleum Loss Narrows as Oil Prices Rebound
Occidental Petroleum said adjusted loss attributable to common stockholders was $136 million, or 15 cents per share, for the March quarter, compared with a loss of $610 million, or 65 cents per share, in the fourth quarter.
Earnings , Exploration & Production
EOG Embraces ‘Double Premium’ Drilling Strategy
Houston-based EOG Resources is focusing on so-called “double premium” wells that yield a 60% direct after-tax rate of return at $40/bbl WTI and $2.50 Henry Hub.
Earnings , Construction , Pipelines
TC Energy Posts C$1 Billion Loss on KXL Suspension
Company attributes the first-quarter loss to halting work on the Keystone XL pipeline.
Earnings , Shale Plays
EOG Resources First-quarter Profit Surges as Oil Prices Rebound
Rising oil prices have sparked optimism for EOG Resources and other shale producers after enduring a year of destruction in the oil markets, with WTI futures in the U.S gaining 23% in the first quarter.