Public Capital , Earnings , Exploration & Production , Shale Plays , Acquisitions & Divestitures

BP Warns Of Multibillion-Dollar Third-Quarter Charges

BP will take charges of $2 billion to $3 billion in the third quarter, as the British energy firm looks to reach divestments worth $10 billion a year ahead of schedule.

October 11, 2019


Shell Initiates Quarterly Outlook, Sees Higher Third-Quarter LNG Output

Royal Dutch Shell on Sept. 30 introduced a quarterly outlook, forecasting higher liquefied natural gas output and charges of up to $850 million for the third quarter.

September 30, 2019


Total To Accelerate Dividend Growth

Total’s board of directors on Sept. 23 decided to accelerate dividend growth in the coming years, with a guidance of increasing the dividend by 5% to 6% per year instead of the 3% per year as previously announced.

September 24, 2019

Earnings , Gathering & Processing , Pipelines

Diverse Growth Strategies Key For Summit, Crestwood

By focusing on organic growth, Summit Midstream Partners and Crestwood Equity Partners’ futures look bright.

September 4, 2019

Earnings , Drilling

Borr Drilling Eyes Strong Earnings Growth As Market Improves

Borr Drilling has contracted several rigs at day rates at or above $100,000 per day over the last month, double prices seen in 2017, while its competitors have made similar deals.

August 29, 2019

Earnings , Exploration & Production

Canada's Whitecap Resources Cuts Capex, Cites Global Uncertainty

Oil and gas producer Whitecap Resources Inc. on Aug. 26 cut its capital spending plan by 17% for the second half of 2019 citing global economic uncertainty.

August 26, 2019


Santos First-Half Profit Soars On Higher Output, Quadrant Buy

Australia's No. 2 independent gas producer Santos Ltd on Thursday posted a 89% jump in half-year profit, boosted by its acquisition of Quadrant Energy and strong output from its Cooper Basin fields in South Australia.

August 21, 2019


Woodside Petroleum’s Profit Falls On Pluto LNG Production Delay

Australia's largest oil and gas company, Woodside Petroleum, on Aug. 15 posted a smaller half-year profit and cut its interim dividend, mainly due to extended maintenance period at its Pluto LNG facility, which led to production delays.

August 14, 2019

Earnings , Acquisitions & Divestitures

Saudi Aramco To Buy Reliance Stake, Reports 12% Earnings Slide

Saudi Aramco reported a 12% fall in half-year net profit on Aug. 12, yet remained the world's most profitable company, while India's Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.

August 12, 2019