Earnings

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.

May 10, 2021

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.

May 7, 2021

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.

May 7, 2021

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.

May 6, 2021

Public Capital , Earnings

Exxon Mobil Expects $200 Million in Charges for Job Cuts This Year

Exxon Mobil, the biggest U.S. oil producer, has slashed costs, delayed projects and said it could trim an estimated 14,000 employees globally, or 15%, including contractors.

May 5, 2021

Public Capital , Earnings , Shale Plays

Marathon Oil, Apache First-quarter Profit Beats Estimates

The swing to profit in the first quarter also comes as Marathon Oil and other shale producers slashed spending and production last year.

May 5, 2021

Public Capital , Earnings , Shale Plays

Pioneer Natural Resources More than Doubles Profit in First Quarter

Pioneer Natural Resources, which operates in the Permian Basin in West Texas, said that its total output was 474,000 boe/d in the first quarter, compared with 364,000 boe/d of production in fourth-quarter 2020.

May 4, 2021

Earnings , Exploration & Production

ConocoPhillips’ Profit Surpass Expectations as Travel Demand Boosts Oil Prices

ConocoPhillips said it sold its oil and gas for an average $45.36 per barrel during the quarter, 17% higher than the year-ago period.

May 4, 2021

Earnings , Exploration & Production

Diamondback Energy Tops Profit Estimates on Higher Crude Prices

The company posted quarterly production of 307,422 barrels of oil equivalent per day (boe/d), 2.8% higher than the previous quarter.

May 4, 2021

Earnings , Exploration & Production

Chevron’s Profit Drops on Weaker Refining Margins, Storm Hit

Chevron reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier.

April 30, 2021