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Earnings
Earnings , Markets , International
EU Proposes Windfall Levies on Energy Firms to Ease Price Pain
“In these times, profits must be shared and channeled to those who need it most,” European Commission President Ursula von der Leyen told the EU Parliament.
September 14, 2022
Earnings , Markets , International
EU Plans to Make Fossil Fuel Firms Share Excess Profits
The EU measure would apply to an energy company’s surplus profits from 2022 at a level to be specified above the average taxable profits in the three fiscal years since January 2019, the draft said.
September 12, 2022
Earnings , Shale Plays
Oil Producers to See Record Surplus Cash from High Prices
The next couple of years are key for strategy decisions as oil producers should generate most of that added surplus cash—or $1 trillion—by 2024, Deloitte says.
August 26, 2022
Earnings , Shale Plays
Analysts Remain Cautious About Argentina’s YPF
Argentina’s macro environment will continue to weigh on state-owned shale producer YPF despite strong second-quarter financial results that benefitted from robust commodity prices and a strong recovery in energy demand across the South American country.
August 17, 2022
Earnings , Mergers
Beach Energy Results Disappoint; M&A Sought in Australia, New Zealand
As its shares tumble 13%, CEO says Beach is holding its capital in pursuit of acquisitions.
August 15, 2022
Earnings , Energy Transition
Orsted Raises 2022 Outlook as Poor Quarter Hits Shares
European power crunch will likely lead to hike in EBITDA.
August 11, 2022
Earnings , Energy Transition
Ecopetrol Committed to Long-term $2.5 Billion Hydrogen Strategy
The decarbonization plan of Ecopetrol, Colombia’s largest oil and gas producer, includes a commitment to produce 1 million tonnes per annum of green, blue and white hydrogen by 2040.
August 9, 2022
Earnings , Shale Plays , Joint Ventures
Occidental Petroleum Extends Permian Basin JV through 2025
Occidental President and CEO Vicki Hollub said, among record earnings results, Oxy would extend its Permian JV with Ecopetrol in the Midland and Delaware basins to encompass 20,000 net acres.
August 7, 2022
Earnings , Exploration & Production , Shale Plays
EOG Resources Sticks to 4% Annual Output Growth
“Oilfield service capacity remains extremely tight and is further constrained by the limited availability of materials and experienced labor,” EOG Resources COO Billy Helms told investors.
August 5, 2022
Public Capital , Earnings , Exploration & Production
APA Aims to Reward Shareholders Over 50% of Free Cash Flow by Year-end
APA Corp. eyes returning at least $1.8 billion of its capital to shareholders through dividends and share buybacks by year-end while also lowering its production guidance for 2022 by 2%.
August 5, 2022