Earnings , Technology

Schlumberger Estimates Revenues over $22.5 Billion for 2021

Top oilfield service provider Schlumberger NV on June 2 estimated 2021 revenues would top $22.5 billion, as oil and gas prices recovered and the company tapped into a growing market for low-carbon technology.

June 2, 2021

Investment , Earnings , Midstream

Morgan Stanley: Capital Flowing into Midstream but Investors Should Be Picky

Despite risks, the midstream sector appears to be well-positioned for the second half of 2021.

June 2, 2021

Earnings , Exploration & Production

Petrobras Reverses Losses, Signals Continuity

CFO Rodrigo Araujo said Petrobras intended to follow the company’s 2021 to 2025 strategic plan, which calls for significant debt reduction and a sharp focus on deepwater production assets.

May 14, 2021

Public Capital , Earnings

California Resources Launches $150 Million Share Buyback Program

As California Resources is tracking to the high end of 2021 free cash flow guidance, the company will look for additional ways to return capital to our shareholders as the year progresses, CEO Mac McFarland says.

May 14, 2021

Earnings , Midstream

Strong Q1 for Midstream Reflected in Payouts to Investors

Alerian’s MLP/Midstream indexes reflect stability compared to other oil and gas sectors.

May 13, 2021

Earnings , Exploration & Production

Chesapeake Energy Reports Quarterly Profit after Bankruptcy Exit

Chesapeake on May 11 also declared an annual dividend on its common shares of $1.375 per share.

May 11, 2021

Public Capital , Earnings , Shale Plays

Houston-based Occidental Petroleum Loss Narrows as Oil Prices Rebound

Occidental Petroleum said adjusted loss attributable to common stockholders was $136 million, or 15 cents per share, for the March quarter, compared with a loss of $610 million, or 65 cents per share, in the fourth quarter.

May 10, 2021

Earnings , Exploration & Production

EOG Embraces ‘Double Premium’ Drilling Strategy

Houston-based EOG Resources is focusing on so-called “double premium” wells that yield a 60% direct after-tax rate of return at $40/bbl WTI and $2.50 Henry Hub.

May 7, 2021

Earnings , Construction , Pipelines

TC Energy Posts C$1 Billion Loss on KXL Suspension

Company attributes the first-quarter loss to halting work on the Keystone XL pipeline.

May 7, 2021

Earnings , Shale Plays

EOG Resources First-quarter Profit Surges as Oil Prices Rebound

Rising oil prices have sparked optimism for EOG Resources and other shale producers after enduring a year of destruction in the oil markets, with WTI futures in the U.S gaining 23% in the first quarter.

May 6, 2021