Public Capital , Earnings , Exploration & Production , Shale Plays

Occidental to Cut Debt Before Boosting Oil Production, CEO Vicki Hollub Says

Occidental is restarting some activity in the Permian Basin and Gulf of Mexico, but its focus is to "ensure that we have the liquidity to go forward so we have the ability to meet our maturities," CEO Vicki Hollub says.

August 11, 2020

Public Capital , Earnings , Shale Plays

Occidental Petroleum Posts Fourth Straight Quarterly Loss on $6.6 Billion Write-down

Occidental Petroleum posted its fourth straight quarterly loss on Aug. 10 as it recorded a $6.6 billion impairment charge, largely to write down the value of its properties following a crash in oil prices.

August 10, 2020

Public Capital , Earnings , Pipelines

Duke Takes $1.6 Billion Charge to Exit Atlantic Coast Pipeline

Duke Energy said it took a $1.6 billion after-tax charge for the cancellation of the Atlantic Coast natural gas pipeline. Project partner Dominion already took a $2.8 billion charge related to the cancellation.

August 10, 2020

Public Capital , Earnings

Saudi Aramco Sticks to Dividend Pledge Despite Earnings Plunge

Saudi Aramco is sticking with plans to pay $75 billion in dividends this year and CEO Amin Nasser said global oil demand was recovering.

August 10, 2020

Earnings , Midstream

Cheniere Tops Q2 Profit Estimates, Accelerates LNG Plant Expansion

Despite cargo cancellations, CEO Fusco calls performance a ‘massive success.’

August 7, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

EOG Resources Swings to Quarterly Loss on Oil Price Plunge

EOG Resources said it started to restore curtailed production in June as oil prices recovered from their April lows, and it expects nearly all shut-in wells to begin production before the third quarter ends.

August 6, 2020

Earnings , Digital Oilfield , Logistics

Making Real-Time Lease Operating Expenses a Reality

If data is bad, the conclusions drawn from that data will always be bad. This is true regardless of industry or application.

August 6, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Marathon Oil Posts Smaller-than-expected Loss after Reining in Costs

Excluding items, Marathon Oil posted a loss of 60 cents per share, smaller than analysts' estimate of 63 cents per share, according to Refinitiv IBES, while Parsley Energy posted a surprise profit.

August 6, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Pioneer Natural Resources Posts Bigger Quarterly Loss

Despite the loss, Pioneer Natural Resources generated $165 million of free cash flow for the quarter, which President and CEO Scott D. Sheffield attributed to significant cost reductions and operational efficiency improvements.

August 4, 2020

Public Capital , Earnings , Emissions

BP Halves Dividend after Record Loss, Speeds Up Low-carbon Reinvention

BP last reduced its dividend in 2010, when it was suspended for three quarters following the deadly Deepwater Horizon rig explosion.

August 4, 2020