Earnings

Public Capital , Earnings

Chesapeake Energy Warns Of ‘Going Concern' Risk

Chesapeake Energy Corp., once the second-largest U.S. natural gas producer, warned on Nov. 5 about its ability to continue as a going concern as the debt-laden company struggles with falling prices for the commodity.

November 5, 2019

Earnings , Exploration & Production

Shale Producer Pioneer Natural Resources Net Income Drops

The company reported net income of $231 million in the third quarter, down from $411 million during the same period last year.

November 5, 2019

Earnings , Exploration & Production

Chesapeake Energy Sees 30% Drop In 2020 Capex

Chesapeake said it expects capex of $1.3 billion to $1.6 billion for 2020 that is well below $2.11 billion to $2.31 billion set aside for 2019.

November 5, 2019

Earnings

Occidental To Slash Spending After Swinging To Loss

Occidental Petroleum Corp. said on Nov. 4 it would slash spending on big projects by 40% next year, as it missed earnings estimates in its first results after closing its $38 billion purchase of rival Anadarko Petroleum.

November 5, 2019

Earnings , Exploration & Production , Shale Plays

Oil Majors Exxon Mobil, Chevron Earnings Fall On Lower Energy Prices

Results from Exxon Mobil and Chevron mirrored weaker quarterly earnings from other oil majors, BP and Royal Dutch Shell, which also reported third-quarter earnings earlier this week.

November 1, 2019

Public Capital , Earnings

Shell Under Fire Over Buyback Delay Warning

Shell reported stronger-than-expected third-quarter profits which were, however, overshadowed by CEO Ben van Beurden's warning about shareholder returns.

November 1, 2019

Earnings , Exploration & Production , Shale Plays

EQT To Cut Spending On US Natural Gas Production

EQT, the biggest U.S. natural gas producer, said Oct. 31 it cut its capex guidance for 2019 and 2020 as new management highlighted their plans to deal with low energy prices.

November 1, 2019

Earnings , Unconventional , Shale Plays

Encana CEO: Third Quarter Was ‘Anything But Boring’

The company reported production gains, including in the Anadarko and Permian basins, higher net income, a name change and corporate domicile in the U.S.

October 31, 2019

Earnings , Exploration & Production , Shale Plays

Apache Reorganizes Operations As Oil Prices Remain Weak

Apache said it has reduced drilling activity at Alpine High and deferred completion activity into next year, resulting in a 5% decrease in production from the Permian Basin in the current quarter.

October 31, 2019

Earnings , Exploration & Production , Shale Plays

Continental Resources Profit Plunges On Weak Prices

Continental Resources' total production rose 12% to 332,315 barrels of oil equivalent per day, primarily boosted by higher output at its Bakken shale basin.

October 31, 2019