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Earnings
Earnings , Acquisitions & Divestitures
BP Delivers Profits of $27.7 Billion in 2022
London-based BP Plc reported an underlying replacement cost profit of $27.7 billion in 2022 while reducing net debt to $21.4 billion and achieving an average return on average capital employed of 30.5%. In 2023, the company will remain focused on delivery of its financial frame underpinned by a $40/bbl balance point.
February 7, 2023
Master Limited Partnerships , Earnings , Midstream
Strong Earnings, Promising Outlooks for Enterprise, Magellan, Hess Midstream
In a strong earnings season, Enterprise surpassed $9 billion in EBITDA, Magellan beat earnings per share guidance and Hess Midstream weathered a tough winter to please investors.
February 7, 2023
Earnings
India's Adani Green Q3 Profit More Than Doubles on Robust Power Demand
Rising demand for electric vehicles and appliances, mainly from urban households, contributed to Adani Green profits.
February 7, 2023
Earnings , Liquefied Natural Gas
ConocoPhillips More Than Doubles Profits in 4Q 2022 Report
While pleased with fourth-quarter 2022 results, ConocoPhillips will also look to continue growth as it announced progress with its Willow and Port Arthur projects.
February 6, 2023
Earnings , Natural Gas
Japan's Osaka Gas Posts 9-month $10 Million Loss on Freeport LNG Project
Osaka Gas' losses are at 125.8 billion yen due to the higher costs of buying alternative supply amidst the continued shutdown of Freeport LNG.
February 6, 2023
Earnings
Shell Posts $9.81 Billion in Adjusted Earnings
Shell plans to be “ruthless” and “disciplined” with its future capital expenditures.
February 3, 2023
Earnings
Marathon Petroleum Reports $16 Billion Consolidated Income for 2022
Despite a volatile market, Marathon Petroleum increased its capital return to shareholders in 2022 while its outlook for 2023 remains “bullish.”
February 3, 2023
Earnings
Black Stone Announces Fifth Consecutive Quarterly Increase
Black Stone’s cash distribution for third quarter 2022 is a 5% increase from the prior quarter and a 76% increase from fourth quarter 2021.
February 2, 2023
Investment , Earnings
Canada’s Imperial Oil Reports Record Operational, Financial Performance
Imperial reported solid financial fourth quarter results and introduced a new goal to achieve net-zero by 2050.
February 2, 2023
Earnings , Liquefied Natural Gas , Crude Oil , Energy Transition
Shell 2022 Profit More Than Doubles To Record $40 Billion
The British company's record earnings, which more than doubled from a year earlier, mirror those reported by U.S. rivals earlier this week and are certain to intensify pressure on governments to further raise taxes on the sector.
February 2, 2023