Earnings

Earnings , Drilling

Schlumberger's Profit Jumps as Higher Oil Prices Spur Drilling Demand

Schlumberger's fourth-quarter adjusted net income rose to $587 million, or 41 cents per share, above Wall Street estimates of 39 cents per share, according to Refinitiv IBES.

January 21, 2022

Earnings , Drilling

Baker Hughes Posts Q4 Profit as Higher Oil Prices Spur Drilling Demand

U.S. crude futures are trading around $86.2 a barrel, while Brent futures are around $88.12 a barrel. U.S. crude futures were roughly flat of the morning of Jan. 20.

January 20, 2022

Master Limited Partnerships , Investment , Earnings , Midstream

Midstream Players, Flush with Cash, Lead the Buyback Charge

Loyal oil and gas investors can expect to get what’s coming to them in 2022—particularly from the midstream sector.

January 18, 2022

Public Capital , Earnings

Analysis: US Energy Shares Soar Again, Stoked by Inflation

S&P 500 energy companies overall are expected to increase revenue by 72.7% for the fourth quarter from the year-earlier period, according to Refinitiv IBES.

January 14, 2022

Earnings , Markets

Equinor Outlines Fourth Quarter Gas Derivatives Loss of Up to $1.5 Billion

Equinor's gas sales are mostly spot based, but a share of its long term piped gas contracts are based on longer-dated indices.

January 11, 2022

Earnings

Exxon Q4 Earnings Poised to Exceed Pre-Pandemic Level

The higher earnings outlooks lifted Exxon shares 3.8% on Jan. 3 to $63.51 on top of Friday's less than 1% gain. The stock rose 48% last year but remains below where it traded two years ago.

January 4, 2022

Public Capital , Earnings , Exploration & Production

Exxon Mobil to Post Fourth Consecutive Quarterly Profit

Analysts forecast an adjusted profit of $1.76 per share for the quarter.

December 31, 2021

Earnings

Commodity Trader Trafigura Nearly Doubles Profit to Hit Record in 2021

Commodity trader Trafigura nearly doubles profit to hit record in FY 2021

December 8, 2021

Restructurings , Earnings , Pipelines

Enbridge Raises Dividend, Plans Share Buybacks as Profit Set to Rise

The company forecasted its 2022 EBITDA between C$15 billion and C$15.6 billion, higher than its 2021 expectations of C$13.9 billion to C$14.3 billion.

December 7, 2021

Public Capital , Earnings , Exploration & Production , Shale Plays

Eagle Ford Shale Producer Ranger Oil Increases Oil Sales Guidance

Favorable initial results of Ranger Oil’s Lonestar integration efforts resulting in the application of best practices on newly producing wells have contributed to the company’s outperformance, says President and CEO Darrin Henke.

December 6, 2021