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.

February 25, 2021

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.

February 25, 2021

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.

February 24, 2021

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.

February 23, 2021

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.

February 23, 2021

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.

February 23, 2021

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.

February 22, 2021

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.

February 18, 2021

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.

February 16, 2021

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.

February 16, 2021