Earnings

Earnings , Drilling

Seadrill Says Rig Market Recovery Slowing, Debt Talks Continue

Offshore drilling firm Seadrill said on Feb. 27 the recent recovery of rig markets had slowed at the start of 2020, and that discussions with creditors on how to handle its massive debts would continue.

February 27, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Continental Resources Shares Fall 15% On Weak 2020 Outlook

Continental, which operates in the Bakken as well as the STACK and SCOOP shale plays, forecast lower-than-expected free cash flow for the year despite keeping capital spending flat.

February 27, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Chesapeake Energy 2020 Oil Production Plan Disappoints, Shares Slide

Shale pioneer Chesapeake Energy has been shifting to higher-margin oil production in response to sliding gas prices caused by a global supply glut.

February 26, 2020

Earnings , Shale Plays , Technology

ProPetro’s Board Audit Finds ‘Multiple Material’ Weaknesses

U.S. oilfield services provider ProPetro released preliminary fourth-quarter results on Feb. 24, estimating revenue of between $431 million and $437 million, up slightly from last year.

February 25, 2020

Earnings , Exploration & Production

Petrobras Hits All-time Profit Record In 2019

The company posted a quarterly net income of 8.15 billion reais, significantly below some analysts’ expectations, as the firm was dogged by impairments and an increase in administrative costs. A

February 20, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Pioneer Natural Resources Quarterly Profit Beats Street Estimates

Pioneer also joins shale rivals Concho Resources, Diamondback Energy and Devon Energy in boosting dividends to please investors who have been pushing for higher shareholder returns

February 20, 2020

Public Capital , Earnings , Exploration & Production , Shale Plays

Concho Resources, Devon Energy To Spend Less In 2020

U.S. oil producers have been under pressure from investors to cut back on drilling new wells and instead use the cash for dividends and buybacks.

February 19, 2020

Earnings , Unconventional , Shale Plays

Preview: Managing Expectations For Permian Shale Producers

Leading independents in the Permian Basin—Diamondback, Pioneer and Concho—are preparing to release quarterly results this week, which are expected to show a cautious approach for the year ahead.

February 18, 2020

Earnings , Midstream

TC Energy Profit Misses On Lower Keystone Pipeline Volumes

TC Energy's earnings from its oil pipelines, of which Keystone is the biggest contributor, plunged 33.3% to C$355 million in the fourth quarter.

February 13, 2020

Earnings , Exploration & Production , Shale Plays

Marathon Oil Profit Misses Estimates As Prices Tumble

Marathon Oil's quarterly results mirrored weaker earnings across the sector, as prices of global crude fell in the quarter on oversupply and demand concerns.

February 13, 2020