Earnings

Earnings , Energy Transition

Siemens Energy Shares Hit Record Low as Wind Turbine Problems Mount

Results at Siemens Gamesa, which in January issued its third profit warning in nine months, mask a solid performance at Siemens Energy’s business focused on coal- and gas-fired power stations and turbines.

May 11, 2022

Earnings , Shale Plays

Occidental Petroleum Profit Tops Estimates Despite Lower Output

Occidental’s plan to produce oil while it develops technology to tap carbon emissions from fossil fuels gained a renewed vote of confidence after Warren Buffett’s Berkshire Hathaway raised its stake in the company to about 15.2%.

May 11, 2022

Earnings , Transactions

Suncor Energy Beats Profit Estimates, Weighs UK Portfolio Sale

The Calgary, Alberta-based company said it is exploring the sale of its entire UK business based on interest received in the exploration and production assets.

May 10, 2022

Earnings , Crude Oil

Pioneer Natural CEO Sheffield Says Oil Growth Forecasts Too High

Sheffield said labor and supply chain constraints will continue to hamper how quickly producers can add to oil and gas production.

May 5, 2022

Earnings , Shale Plays

ConocoPhillips Posts a Five-fold Profit Leap, Raises Shareholder Returns

The Houston-based company's adjusted earnings rose to $4.29 billion, beating Wall Street estimates.

May 5, 2022

Earnings

Pioneer Natural Profit Jumps Five-fold as Energy Prices Soar

Pioneer's results mirrored those of rivals Devon Energy, Diamondback Energy and Coterra Energy.

May 4, 2022

Earnings

Kimmeridge in Talks with Chesapeake Energy About Changes

The New York-based firm declined to comment on what recommendations it has made to Chesapeake, but confirmed it has amassed around 2 million shares.

May 4, 2022

Earnings , Liquefied Natural Gas (LNG)

Cheniere Energy Raises 2022 Profit Forecast on Rising LNG Demand

Due to a rising demand and production in LNG as European nations seek alternatives to Russian energy, Cheniere Energy has raised its yearly profit forecast.

May 4, 2022

Earnings

Equinor Posts Record Profit as Gas Prices Soar in Europe

"Continued capital discipline and cost focus enabled us to deliver very strong financial results and cash flow, strengthening the balance sheet," Equinor's CEO Anders Opedal said in a statement.

May 4, 2022

Earnings , Liquefied Natural Gas (LNG) , Shale Plays

US Shale Producers Coterra, Devon Energy Study New LNG Opportunities

“We are studying the LNG markets hard,” Coterra Energy CEO Tom Jorden told investors on an earnings call on May 3.

May 3, 2022