Earnings
Restructurings , Earnings , Exploration & Production , Drilling
Offshore Driller Noble Corp. to Emerge from Chapter 11 Bankruptcy
Noble Holding Corp. revealed on Nov. 23 that the United States Bankruptcy Court for the Southern District of Texas has issued an order approving the company’s Joint Plan of Reorganization.
Earnings , Exploration & Production , Technology
Wintershall Dea Looks beyond Pandemic, Costs to Fall, Volumes to Rise
German oil and gas company Wintershall Dea said Nov. 23 the low commodity prices caused by the coronavirus crisis had hit its third-quarter results, but that sustainably lower operating costs and higher output would help long-term.
Public Capital , Earnings , Exploration & Production , Emissions , Shale Plays
Occidental Caps 2021 Spending, Sets Net-Zero Emissions Target
Occidental is returning drilling rigs to work in the Permian Basin in the southwestern U.S. and in Colorado this quarter, and returned a drillship to the Gulf of Mexico in early October.
Public Capital , Earnings , Exploration & Production , Shale Plays
Occidental Petroleum Posts Fourth Straight Adjusted Loss
Occidental Petroleum has been forced to slash jobs, production and the value of its oil and gas assets as it struggles with the debt taken on in last year's $38 billion acquisition of Anadarko Petroleum.
Earnings , Construction
Cheniere Earnings Miss Third-Quarter Estimates
The company said the third train at its Corpus Christi LNG plant is expected to be complete in first-quarter 2021.
Public Capital , Earnings , Exploration & Production , Shale Plays
US Shale Producer Marathon Oil Posts Fourth Straight Quarterly Loss
Marathon Oil reported a loss of $317 million, or 40 cents per share, for the quarter ended Sept. 30, compared to a profit of $165 million, or 21 cents per share, a year earlier.
Public Capital , Earnings
Saudi Aramco Reports Nearly 45% Drop in Quarterly Profit
State oil giant Saudi Aramco on Nov. 3 reported a 44.6% drop in third-quarter net profit as the coronavirus crisis continued to choke demand and weigh on crude prices.
Public Capital , Earnings , Exploration & Production , Shale Plays
Shale Producers Diamondback, WPX Energy Post Third Straight Quarterly Loss
Shale drillers Diamondback Energy Inc. and WPX Energy Inc. reported third straight quarterly losses on Nov. 2, as coronavirus-induced lockdowns hammered crude prices.
Public Capital , Earnings , Exploration & Production , Shale Plays
Exxon Mobil Posts Third Straight Quarterly Loss While Chevron Reports Profit
Oil companies last quarter continued to suffer from weak prices for their products, but rivals Chevron, Shell and BP also posted higher-than-expected results after deep cost cuts this year.
Earnings , Exploration & Production , Shale Plays
Devon Energy Cuts Capex Forecast Again on Improved Well Performance
Devon Energy said it now expects exploration and production capex to be between $950 million and $990 million, $10 million lower at the top end of an earlier forecast, its third reduction to the budget since March.