Earnings

Public Capital , Earnings

Exxon Mobil Expects $200 Million in Charges for Job Cuts This Year

Exxon Mobil, the biggest U.S. oil producer, has slashed costs, delayed projects and said it could trim an estimated 14,000 employees globally, or 15%, including contractors.

May 5, 2021

Public Capital , Earnings , Shale Plays

Marathon Oil, Apache First-quarter Profit Beats Estimates

The swing to profit in the first quarter also comes as Marathon Oil and other shale producers slashed spending and production last year.

May 5, 2021

Public Capital , Earnings , Shale Plays

Pioneer Natural Resources More than Doubles Profit in First Quarter

Pioneer Natural Resources, which operates in the Permian Basin in West Texas, said that its total output was 474,000 boe/d in the first quarter, compared with 364,000 boe/d of production in fourth-quarter 2020.

May 4, 2021

Earnings , Exploration & Production

ConocoPhillips’ Profit Surpass Expectations as Travel Demand Boosts Oil Prices

ConocoPhillips said it sold its oil and gas for an average $45.36 per barrel during the quarter, 17% higher than the year-ago period.

May 4, 2021

Earnings , Exploration & Production

Diamondback Energy Tops Profit Estimates on Higher Crude Prices

The company posted quarterly production of 307,422 barrels of oil equivalent per day (boe/d), 2.8% higher than the previous quarter.

May 4, 2021

Earnings , Exploration & Production

Chevron’s Profit Drops on Weaker Refining Margins, Storm Hit

Chevron reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier.

April 30, 2021

Earnings , Exploration & Production

Exxon Mobil Posts First Profit in Five Quarters on Higher Oil Prices

Net income attributable to Exxon was $2.73 billion, or 64 cents per share, in the first quarter, compared with a loss of $610 million, or 14 cents per share, a year earlier.

April 30, 2021

Public Capital , Earnings , Energy Transition

Total Back to Pre-COVID Profit Levels as Oil Prices Rise

French energy group Total, which is branching into renewable energy and diversifying away from hydrocarbon-centered activities, benefited from this drive as areas like oil refining suffered.

April 29, 2021

Public Capital , Earnings , Energy Transition

Equinor Raises Dividend as First-quarter Profit Tops Forecast

Equinor reported detailed earnings for the first time from its renewables division, which benefited strongly from the company’s sale of stakes in wind farms off the coasts of Britain and the U.S.

April 29, 2021

Public Capital , Earnings , Shale Plays

US Shale Producer Continental Resources Posts First Profit Since Pandemic

Continental Resources, a top producer in the Bakken shale region of North Dakota, also reinstated a quarterly dividend at $0.11 per share, which is double the previous quarterly dividend.

April 28, 2021