Earnings
Earnings , Drilling
Schlumberger's Profit Jumps as Higher Oil Prices Spur Drilling Demand
Schlumberger's fourth-quarter adjusted net income rose to $587 million, or 41 cents per share, above Wall Street estimates of 39 cents per share, according to Refinitiv IBES.
Earnings , Drilling
Baker Hughes Posts Q4 Profit as Higher Oil Prices Spur Drilling Demand
U.S. crude futures are trading around $86.2 a barrel, while Brent futures are around $88.12 a barrel. U.S. crude futures were roughly flat of the morning of Jan. 20.
Master Limited Partnerships , Investment , Earnings , Midstream
Midstream Players, Flush with Cash, Lead the Buyback Charge
Loyal oil and gas investors can expect to get what’s coming to them in 2022—particularly from the midstream sector.
Public Capital , Earnings
Analysis: US Energy Shares Soar Again, Stoked by Inflation
S&P 500 energy companies overall are expected to increase revenue by 72.7% for the fourth quarter from the year-earlier period, according to Refinitiv IBES.
Earnings , Markets
Equinor Outlines Fourth Quarter Gas Derivatives Loss of Up to $1.5 Billion
Equinor's gas sales are mostly spot based, but a share of its long term piped gas contracts are based on longer-dated indices.
Earnings
Exxon Q4 Earnings Poised to Exceed Pre-Pandemic Level
The higher earnings outlooks lifted Exxon shares 3.8% on Jan. 3 to $63.51 on top of Friday's less than 1% gain. The stock rose 48% last year but remains below where it traded two years ago.
Public Capital , Earnings , Exploration & Production
Exxon Mobil to Post Fourth Consecutive Quarterly Profit
Analysts forecast an adjusted profit of $1.76 per share for the quarter.
Earnings
Commodity Trader Trafigura Nearly Doubles Profit to Hit Record in 2021
Commodity trader Trafigura nearly doubles profit to hit record in FY 2021
Restructurings , Earnings , Pipelines
Enbridge Raises Dividend, Plans Share Buybacks as Profit Set to Rise
The company forecasted its 2022 EBITDA between C$15 billion and C$15.6 billion, higher than its 2021 expectations of C$13.9 billion to C$14.3 billion.
Public Capital , Earnings , Exploration & Production , Shale Plays
Eagle Ford Shale Producer Ranger Oil Increases Oil Sales Guidance
Favorable initial results of Ranger Oil’s Lonestar integration efforts resulting in the application of best practices on newly producing wells have contributed to the company’s outperformance, says President and CEO Darrin Henke.