Public Capital , Earnings

Shell Raises Dividend as CEO Says Oil Output Past Peak

Shell hit record earnings from its vast retail division, despite the impact on demand of the COVID-19 pandemic, which it said continued to generate "significant uncertainty."

October 29, 2020

Earnings , Shale Plays

Equinor Takes $2.9 Billion Hit in Asset Write-offs

The biggest write-downs stem from Equinor's assets in the Bakken shale field in the U.S. and the Mariner heavy oil field off the coast of Britain, the company said on an analysts call without elaborating.

October 29, 2020

Earnings , Construction , Pipelines

TC Energy Sees Higher Costs for Coastal Gaslink Pipeline

Company blames the size of the project, permit delays and impacts from COVID-19.

October 29, 2020

Earnings , Exploration & Production

ConocoPhillips Posts Smaller-than-expected Loss as Oil Prices Recover

ConocoPhillips reported a loss of $500 million, or 42 cents per share, compared with third-quarter 2019 earnings of $3.1 billion, or $2.74 per share.

October 29, 2020

Public Capital , Earnings , Exploration & Production

Hess Posts Wider-than-expected Quarterly Loss

U.S. oil and gas producer Hess Corp. reported a wider-than-expected loss on Oct. 28 and slightly lowered its full year production forecast, as its operations were affected by hurricanes in the Gulf of Mexico and lower production in South East Asia.

October 28, 2020

Public Capital , Earnings , Shale Plays , Technology

Liberty Oilfield Posts Quarterly Loss; Forecasts Frac Fleet Growth

Liberty Oilfield Services reported a smaller-than-expected quarterly loss on Oct. 27 and forecast sequential growth in active frac fleets, as producers restore oil volumes, driven by an uptick in prices.

October 27, 2020

Public Capital , Earnings , Renewables

BP Swings Back to Small Profit; Refining Weighs

BP's shares are down more than 50% this year and remain near 25-year lows, battered by weak oil prices and investor concerns about BP's ability to successfully shift to renewable energy from fossil fuels.

October 27, 2020

Earnings , Exploration & Production , Shale Plays , Technology

Patterson-UTI Sees Shale Activity Picking Up through Early 2021

U.S. oilfield services firm Patterson-UTI Energy expects oil and gas activity to continue to improve through at least the first quarter of 2021, CEO Andy Hendricks told investors.

October 22, 2020

Earnings , Exploration & Production

Natural Gas Driller EQT Posts Smaller-than-expected Loss on Lower Costs

The company now expects full-year sales volumes of between 1.48 billion cubic feet equivalent (bcfe) and 1.5 bcfe, slightly higher than its previous range of 1.45 bcfe to 1.5 bcfe.

October 22, 2020

Public Capital , Earnings , Midstream , Pipelines

Kinder Morgan Profit Falls as Pandemic Hits Energy Demand

Market conditions are weighing on a number of planned expansion projects, Kinder Morgan said, adding that they were not needed at least in the near term.

October 22, 2020