Woodside Petroleum’s Profit Falls On Pluto LNG Production Delay

Australia's largest oil and gas company, Woodside Petroleum, on Aug. 15 posted a smaller half-year profit and cut its interim dividend, mainly due to extended maintenance period at its Pluto LNG facility, which led to production delays.

August 14, 2019

Earnings , Acquisitions & Divestitures

Saudi Aramco To Buy Reliance Stake, Reports 12% Earnings Slide

Saudi Aramco reported a 12% fall in half-year net profit on Aug. 12, yet remained the world's most profitable company, while India's Reliance Industries said Aramco is looking to buy into its refining and petrochemicals business.

August 12, 2019

Earnings , Exploration & Production

Marathon Oil’s Profit Jumps 50% On Higher US Shale Production

U.S. production at the company jumped 11.4% to 332,000 barrels of oil equivalent per day (boe/d) in the second quarter, while total production rose 3.8% to 435,000 boe/d.

August 8, 2019

Earnings , Unconventional

Diamondback Energy: ‘Converting Rock Into Cash Flow’

The company reported falling well costs in the Permian Basin as production increased.

August 7, 2019

Earnings , Exploration & Production

Devon Energy Raises Oil Output Forecast

The company recorded a 5% rise in prices for oil sold at $56.68 per barrel in the quarter due to better hedging and at a time when U.S. light crude prices averaged about 11.8% lower than a year earlier.

August 7, 2019

Earnings , Exploration & Production , Shale Plays

Chesapeake Energy Posts Bigger-than-expected Quarterly Loss

Natural gas makes up for a majority of Chesapeake Energy's production. But the company has been shifting its focus to oil production as gas prices have been pressured.

August 6, 2019


Continental Resources Profit Falls 20% On Weak Crude Prices

U.S. oil producer Continental Resources Inc reported a 19.7% fall in quarterly adjusted profit on Aug. 5 as weaker crude and natural gas prices more than offset a rise in overall production.

August 5, 2019

Earnings , Exploration & Production

Chevron’s Profit Surges 26% On Higher Output, Termination Fee

Net income attributable to the company rose to $4.31 billion, or $2.27 per share, in the second quarter ended June 30, from $3.41 billion, or $1.78 per share.

August 2, 2019

Earnings , Exploration & Production

Exxon Mobil’s Profit Sinks On Weakness In Natural Gas, Chemicals, Refining

The largest U.S. oil producer’s net income fell to $3.13 billion, or 73 cents per share, in the second quarter, from $3.95 billion, or 92 cents per share, last year.

August 2, 2019

Earnings , Unconventional , Shale Plays

Low Permian Gas Prices Bring Down Quarterly Profit For Apache

One of the company’s Permian Basin fields risks losing some capital if pricing doesn’t improve.

August 1, 2019