Earnings
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.
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.
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.
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.
Public Capital , Earnings
Exxon Mobil Expects $200 Million in Charges for Job Cuts This Year
Exxon Mobil, the biggest U.S. oil producer, has slashed costs, delayed projects and said it could trim an estimated 14,000 employees globally, or 15%, including contractors.
Public Capital , Earnings , Shale Plays
Marathon Oil, Apache First-quarter Profit Beats Estimates
The swing to profit in the first quarter also comes as Marathon Oil and other shale producers slashed spending and production last year.
Public Capital , Earnings , Shale Plays
Pioneer Natural Resources More than Doubles Profit in First Quarter
Pioneer Natural Resources, which operates in the Permian Basin in West Texas, said that its total output was 474,000 boe/d in the first quarter, compared with 364,000 boe/d of production in fourth-quarter 2020.
Earnings , Exploration & Production
ConocoPhillips’ Profit Surpass Expectations as Travel Demand Boosts Oil Prices
ConocoPhillips said it sold its oil and gas for an average $45.36 per barrel during the quarter, 17% higher than the year-ago period.
Earnings , Exploration & Production
Diamondback Energy Tops Profit Estimates on Higher Crude Prices
The company posted quarterly production of 307,422 barrels of oil equivalent per day (boe/d), 2.8% higher than the previous quarter.
Earnings , Exploration & Production
Chevron’s Profit Drops on Weaker Refining Margins, Storm Hit
Chevron reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier.