Earnings
Public Capital , Earnings
EOG Resources Hikes Dividend by 10% after Profit Nearly Doubles
EOG Resources boosted its annual dividend by 10% after its fourth-quarter adjusted profit nearly doubled, helped by a recent recovery in oil and gas prices.
Earnings , Exploration & Production , Shale Plays
Apache Posts Lower Fourth-quarter Loss as Oil Prices Recover
U.S. oil producer Apache raised its project spending forecast to $1.1 billion for this year as oil prices have improved since its previous outlook of keeping upstream expenses below a billion dollars.
Earnings , Liquefied Natural Gas (LNG) , Health, Safety & Environment , Emissions , Midstream
Cheniere to Provide LNG Cargo Emissions Data in Environmental Push
Cheniere Energy’s move to start providing greenhouse gas emissions data associated with each LNG cargo produced is a “critical first step for the industry” to improve its environmental performance, says CEO Jack Fusco.
Earnings , Exploration & Production , Shale Plays
Permian Operator Pioneer Natural Resources Beats on Fourth-quarter Profit
The winter storm last week in Texas will impact Pioneer Natural Resources’ production, focused solely in the Permian Basin, by about 30,000 to 55,000 bbl/d of oil and gas this quarter, the company said.
Earnings , Exploration & Production , Shale Plays
Occidental Petroleum Expects Winter Storm Impact on Permian Output to be Short-lived
Occidental Petroleum does not anticipate growing global production “at least this year,” says CEO Vicki Hollub, adding that the company will not increase capital spending even if oil prices improve further.
Earnings , Field Development
Oil Search Focuses on Alaska Stake Sale after Eking Out Profit for 2020
Oil Search’s main challenge this year is to sell a 15% stake in its $3 billion Pikka oil project in Alaska.
Earnings , Exploration & Production , Shale Plays
Permian Shale Producers See Deep Freeze Hitting Thousands of Barrels of Oil Production
Permian Basin-focused shale producers Diamondback Energy, Cimarex Energy, Occidental Petroleum and Laredo Petroleum say their first-quarter oil production will be hit by a recent winter storm.
Earnings , Midstream
TC Energy Profit Rises on Higher Earnings from US Gas Pipelines
TC Energy, the company behind the Keystone XL oil pipeline, had said it expects to record a large non-cash charge in its first-quarter earnings, but did not provide the size of it.
Earnings , Exploration & Production , Shale Plays
Continental Resources Posts Wider Quarterly Loss
Continental Resources, a major producer in the Bakken shale of North Dakota, said average daily production rose to 339,307 boe/d in the fourth quarter.
Earnings
Occidental, Pioneer Natural Resources Push Back Quarterly Earnings Due To Winter Storm
Occidental will announce fourth-quarter and full-year 2020 financial results on Feb. 22. Pioneer will report fourth-quarter results on Feb. 23.