Earnings , Pipelines

Plains All American Earnings Slide 35%

Oil pipeline volumes dropped as prices and US drilling fell.

February 10, 2021

Public Capital , Earnings , Renewables

Total’s Earnings Pick Up in Fourth Quarter after Pandemic Hit

Total, which has been investing heavily in buying renewable energy assets, said it planned to change its name to TotalEnergies, reflecting its bid to pivot away from its dependence on oil and gas.

February 9, 2021

Public Capital , Earnings , Shale Plays , Technology

Liberty Oilfield Services Sees Tepid Recovery After Posting Smaller Loss

Liberty Oilfield Services said it expects to maintain about 30 active hydraulic frac fleets in the first quarter of 2021, with the possibility of adding more later in the year if economic conditions improve.

February 5, 2021

Public Capital , Earnings

Shell’s Profit Fell in 2020 to Lowest in At Least Two Decades

Shell, however, said it planned to raise its dividend in first-quarter 2021, which would be the second slight increase since its slashed its payout by two-thirds at the start of last year due to the pandemic.

February 4, 2021

Earnings , Midstream

Enterprise Products Misses Profit Estimates as Costs Surge

Resurgence of COVID-19 crimped economy and demand in the fourth quarter.

February 3, 2021

Earnings , Midstream

Magellan Midstream Earnings Slide on Weak Fuel Demand

Magellan Midstream also reported lower volumes and average rates on its crude oil pipelines, in part because several of contracts on the Longhorn pipeline, which flows from the Permian Basin to Houston, expired.

February 3, 2021

Public Capital , Earnings , Renewables

Exxon Mobil Investors Push Clean Energy After Historic Annual Loss

A board change failed to mollify critics who want Texas-based Exxon Mobil to overhaul itself by focusing more on clean energy to improve its financial performance.

February 3, 2021

Public Capital , Earnings , Exploration & Production , Health, Safety & Environment , Emissions , Shale Plays , Technology

Exxon Mobil Posts First Annual Loss As a Public Company

Texas-based oil major Exxon Mobil Corp. on Feb. 2 posted its first annual loss as a public company amid “the most challenging market conditions Exxon has ever experienced,” CEO Darren Woods says.

February 2, 2021

Earnings , Exploration & Production

ConocoPhillips Posts Smaller-than-expected Q4 Loss, Boosts 2021 Spending

ConocoPhillips set a $5.5 billion spending budget for 2021, much of which will be used to sustain current production.

February 2, 2021

Public Capital , Earnings , Renewables

Pandemic Drives Oil Major BP to First Loss in a Decade

BP's shares have lost over 40% of their value over the past year and remain near 25-year lows, battered by concerns over oil demand due to the pandemic and its ambitious plan to shift away from fossil fuels to renewable energy.

February 2, 2021