Permian producer Diamondback Energy Inc. reported a 13% fall in adjusted quarterly profit, hurt by lower oil and gas prices.
Net income attributable to the company rose to $368 million, or $2.26 per share, in the three months ended Sept. 30, from $157 million, or $1.59 per share. Excluding items, Diamondback earned $239 million, or $1.47 per share.
Production more than doubled to 287,100 barrels of oil equivalent per day.
Kosmos Energy CFO Thomas P. Chambers is set to retire after a decades-long career in oil and gas, the Dallas-based E&P company said Feb. 24.
The Ammys is a set of awards given annually by Dallas-based Alerian to recognize excellence in the North American energy infrastructure industry.
From renewable power projects to cutting emissions from oil and gas operations, supermajors on both sides of the Atlantic are taking different approaches to going greener.