Earnings

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

Public Capital , Earnings , Emissions , Energy Transition , Shale Plays

US Shale Producer PDC Energy Sets ‘Ambitious’ ESG Goals

In addition to further reducing its greenhouse-gas and methane intensities, PDC Energy said it also significantly accelerated its commitment in achieving zero routine flaring.

August 5, 2021

Earnings , Midstream , Gathering & Processing , Pipelines

Energy Transfer Reports Higher Earnings, Reduced Debt

Energy Transfer also provided an update on its acquisition of Enable Midstream, which is currently waiting on approval by regulators.

August 4, 2021

Public Capital , Earnings , Shale Plays

US Oil Producers EOG, APA, Marathon Oil Surpass Profit Estimates

A clutch of U.S. oil and gas producers have either raised their dividends or announced share buybacks, underscoring the energy industry's focus on shareholder returns over spending.

August 4, 2021

Earnings , Pipelines

Plains All American Boosts Earnings Outlook as Fuel Demand Recovers

Plains All American Pipeline LP on Aug. 3 raised its forecast for 2021 adjusted core income, as the oil and gas sector benefits from easing travel curbs and a recovering economy firing up fuel demand.

August 4, 2021

Public Capital , Earnings , Shale Plays

Occidental Petroleum, Devon Energy Earnings Impress Wall Street

Occidental Petroleum and Devon Energy blew past Wall Street’s profit expectations on Aug. 3.

August 3, 2021

Earnings , Shale Plays

ConocoPhillips Beats Estimates on Higher Prices, Output

ConocoPhillips posted a second-quarter profit on Aug. 3 that nearly doubled from the first and topped analysts’ estimates, helped by higher oil and gas prices and production.

August 3, 2021