Earnings
Investment , Earnings , Unconventional , Energy Transition
Top E&Ps Report Worst Capex, Revenue Performance in 2020, Study Shows
The top 50 U.S. E&Ps saw their capex drop 60% and revenue down 33%, while impairment charges hit $66.6 billion, EY’s latest study showed.
Earnings , Midstream , Storage , Gathering & Processing , Pipelines
Midstream Earnings: Strong Quarterly Results with Promising Outlook
Companies have dedicated themselves to free cash flow and capital discipline, and investors approve.
Earnings , Exploration & Production
Chesapeake Energy Raises Full-year Core Profit, Production Outlook
The Oklahoma City-based producer posted an adjusted profit of $1.64 per share for the second quarter, beating the average analyst estimate of $1.20.
Public Capital , Earnings
Saudi Aramco Reports Highest Quarterly Profit Since 2018
The state oil giant recorded a net profit of $25.5 billion in the second quarter.
Public Capital , Earnings , Emissions , Energy Transition , Shale Plays
US Shale Producer PDC Energy Sets ‘Ambitious’ ESG Goals
In addition to further reducing its greenhouse-gas and methane intensities, PDC Energy said it also significantly accelerated its commitment in achieving zero routine flaring.
Earnings , Midstream , Gathering & Processing , Pipelines
Energy Transfer Reports Higher Earnings, Reduced Debt
Energy Transfer also provided an update on its acquisition of Enable Midstream, which is currently waiting on approval by regulators.
Public Capital , Earnings , Shale Plays
US Oil Producers EOG, APA, Marathon Oil Surpass Profit Estimates
A clutch of U.S. oil and gas producers have either raised their dividends or announced share buybacks, underscoring the energy industry's focus on shareholder returns over spending.
Earnings , Pipelines
Plains All American Boosts Earnings Outlook as Fuel Demand Recovers
Plains All American Pipeline LP on Aug. 3 raised its forecast for 2021 adjusted core income, as the oil and gas sector benefits from easing travel curbs and a recovering economy firing up fuel demand.
Public Capital , Earnings , Shale Plays
Occidental Petroleum, Devon Energy Earnings Impress Wall Street
Occidental Petroleum and Devon Energy blew past Wall Street’s profit expectations on Aug. 3.
Earnings , Shale Plays
ConocoPhillips Beats Estimates on Higher Prices, Output
ConocoPhillips posted a second-quarter profit on Aug. 3 that nearly doubled from the first and topped analysts’ estimates, helped by higher oil and gas prices and production.