Earnings

Earnings

Equinor Posts Record Profit as Gas Prices Soar in Europe

"Continued capital discipline and cost focus enabled us to deliver very strong financial results and cash flow, strengthening the balance sheet," Equinor's CEO Anders Opedal said in a statement.

May 4, 2022

Earnings , Liquefied Natural Gas (LNG) , Shale Plays

US Shale Producers Coterra, Devon Energy Study New LNG Opportunities

“We are studying the LNG markets hard,” Coterra Energy CEO Tom Jorden told investors on an earnings call on May 3.

May 3, 2022

Public Capital , Earnings , Shale Plays

US Shale Producers Coterra, Devon, Diamondback Top Wall Street Estimates

Devon Energy and Coterra Energy reported more than a four-fold rise in quarterly income on May 2, while Diamondback Energy's profit rose more than three-fold. All three shale producers increased their dividends.

May 2, 2022

Public Capital , Earnings

Exxon Mobil, Chevron Post Big Revenues, but Wall Street Shrugs

Shares of both companies fell on the day, with Chevron losing 3% while Exxon Mobil dropped 2.6% on an overall down day for Wall Street.

April 29, 2022

Earnings , Liquefied Natural Gas (LNG) , Midstream

TC Energy Beats Profit Estimates, Expects LNG Exports to Grow 90%

The Calgary, Alberta-based company said increasing U.S. LNG exports and a focus on global energy security were creating new opportunities. Around a quarter of U.S. LNG export volumes travel through TC Energy’s gas pipelines.

April 29, 2022

Earnings

Exxon Earnings Take a Hit from Russian Exit, Triples Buybacks Over Higher Oil Prices

The top U.S. oil producer tripled the size of its buyback program, similar to other energy giants like TotalEnergies that are sending more cash back to shareholders.

April 29, 2022

Earnings

Chevron Profit Nearly Quadruples as Oil Prices Surge

Chevron's first quarter posted earnings of $6.5 billion surpassed Wall Street's predictions and quadrupled from first quarter 2021.

April 29, 2022

Earnings , Exploration & Production , Shale Plays

US Shale Producer Pioneer Increases Production Cost Forecast

Pioneer Natural Resources will temporarily add one hydraulic fracturing fleet during the second quarter to make up for the work lost during a third-party sand mine outage, according to a filing.

April 28, 2022

Earnings , Shale Plays

Continental Resources Raises Annual Output Forecast on High Oil Prices

In the wake of the sanctions imposed on oil and natural gas imported from Russia, Continental Resources has raised its annual production expectations.

April 28, 2022

Public Capital , Earnings

TotalEnergies Ramps Up Buybacks After Earnings Leap

In a call with analysts, CEO Patrick Pouyanne said TotalEnergies—which has maintained assets in Russian gas projects—would continue to fulfill its contracts there unless sanctions demand otherwise.

April 28, 2022