Earnings
Earnings , Exploration & Production , Shale Plays , Technology
Patterson-UTI Sees Shale Activity Picking Up through Early 2021
U.S. oilfield services firm Patterson-UTI Energy expects oil and gas activity to continue to improve through at least the first quarter of 2021, CEO Andy Hendricks told investors.
Earnings , Exploration & Production
Natural Gas Driller EQT Posts Smaller-than-expected Loss on Lower Costs
The company now expects full-year sales volumes of between 1.48 billion cubic feet equivalent (bcfe) and 1.5 bcfe, slightly higher than its previous range of 1.45 bcfe to 1.5 bcfe.
Public Capital , Earnings , Midstream , Pipelines
Kinder Morgan Profit Falls as Pandemic Hits Energy Demand
Market conditions are weighing on a number of planned expansion projects, Kinder Morgan said, adding that they were not needed at least in the near term.
Earnings , Exploration & Production
Baker Hughes Posts Third Straight Quarterly Loss as Demand Still Hurt
Revenue from Baker Hughes’ oilfield services unit, which accounts for nearly 46% of its total sales, fell 31% to $2.31 billion in the third quarter.
Earnings , Exploration & Production
Halliburton Posts Fourth Straight Quarterly Loss as Oil Rout Drags Demand
Halliburton still beat analyst estimates earning 11 cents a share versus expectations of 8 cents per share.
Earnings , Exploration & Production
Schlumberger Posts Third Straight Quarterly Loss as Oil Rout Hits Services Demand
Total revenue plunged 38% to $5.26 billion.
Public Capital , Earnings
Oil Major Exxon Mobil Signals Bigger-than-expected Loss in Third Quarter
Higher oil prices will help Exxon Mobil's exploration and production earnings by $1.4 billion to $1.8 billion, compared with the second quarter, the company said.
Public Capital , Earnings , Exploration & Production
ConocoPhillips to Resume Share Buybacks of $1 Billion
ConocoPhillips on Sept. 30 forecast a smaller-than-expected quarterly adjusted loss and said it would resume share repurchases after a historic market collapse forced the oil and gas producer to halt the program in April.
Earnings , Exploration & Production , Mergers
Israel’s Delek Group in Ithaca Energy Merger Talks
Merging Ithaca Energy with an international group would be part of a process of turning it into a public company traded in London, Delek said in a statement.
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.