Earnings
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.
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.
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.
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.
Earnings , Midstream
Cheniere Tops Q2 Profit Estimates, Accelerates LNG Plant Expansion
Despite cargo cancellations, CEO Fusco calls performance a ‘massive success.’
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.
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.
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.
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.
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.