Kinder Morgan also posted a 3% rise in gas pipeline volumes as a scramble to fill gas inventories before the winter heating season in Europe and Asia steadily boosted exports of LNG from the U.S.
Baker Hughes reported adjusted net income of $141 million, or 16 cents per share, for the third quarter, missing forecasts for earnings of 21 cents per share, according to Refinitiv IBES data.
Houston-based Halliburton posted adjusted net income attributable to the company of $248 million, or 28 cents per share, in the three months ended Sept. 30, up from the $100 million or 11 cents per share reported a year earlier.
However, in an update ahead of quarterly results this month, Shell also flagged a boost to cash flows from soaring natural gas and electricity prices.
Occidental has one of the most ambitious programs of the industry to capture CO2 from the atmosphere and re-inject it in the ground as a way to mitigate global warming.
Natural gas prices should give Exxon Mobil the largest increase in operating profit in the quarter, the U.S.-based oil major signaled in a corporate filing.
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.
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.