Earnings , Midstream

Kinder Morgan Profit Rises as Fuel Demand Heats Up

Kinder Morgan also posted a 3% rise in gas pipeline volumes as a scramble to fill gas inventories before the winter heating season in Europe and Asia steadily boosted exports of LNG from the U.S.

October 21, 2021

Public Capital , Earnings , Drilling

Baker Hughes Profit Misses Estimates, Shares Down in Pre-Market Trading

Baker Hughes reported adjusted net income of $141 million, or 16 cents per share, for the third quarter, missing forecasts for earnings of 21 cents per share, according to Refinitiv IBES data.

October 20, 2021

Public Capital , Earnings , Exploration & Production

Halliburton Posts Third-quarter Profit as Higher Oil Prices Fuel Drilling Demand

Houston-based Halliburton posted adjusted net income attributable to the company of $248 million, or 28 cents per share, in the three months ended Sept. 30, up from the $100 million or 11 cents per share reported a year earlier.

October 19, 2021

Public Capital , Earnings

Shell Flags $400 Million Hit from Hurricane Ida to Earnings

However, in an update ahead of quarterly results this month, Shell also flagged a boost to cash flows from soaring natural gas and electricity prices.

October 7, 2021

Earnings , Exploration & Production , Energy Transition

Occidental Sees Profits in Carbon Capture, Downplays Oil Production Growth

Occidental has one of the most ambitious programs of the industry to capture CO2 from the atmosphere and re-inject it in the ground as a way to mitigate global warming.

October 7, 2021

Public Capital , Earnings

Exxon Mobil Expects $1.5 Billion Boost to Earnings from Higher Oil, Gas Prices

Natural gas prices should give Exxon Mobil the largest increase in operating profit in the quarter, the U.S.-based oil major signaled in a corporate filing.

October 1, 2021

Investment , Earnings , Unconventional , Energy Transition

Top E&Ps Report Worst Capex, Revenue Performance in 2020, Study Shows

The top 50 U.S. E&Ps saw their capex drop 60% and revenue down 33%, while impairment charges hit $66.6 billion, EY’s latest study showed.

September 2, 2021

Earnings , Midstream , Storage , Gathering & Processing , Pipelines

Midstream Earnings: Strong Quarterly Results with Promising Outlook

Companies have dedicated themselves to free cash flow and capital discipline, and investors approve.

August 17, 2021

Earnings , Exploration & Production

Chesapeake Energy Raises Full-year Core Profit, Production Outlook

The Oklahoma City-based producer posted an adjusted profit of $1.64 per share for the second quarter, beating the average analyst estimate of $1.20.

August 11, 2021

Public Capital , Earnings

Saudi Aramco Reports Highest Quarterly Profit Since 2018

The state oil giant recorded a net profit of $25.5 billion in the second quarter.

August 9, 2021