Aramco maintained its payout to the Saudi government and investors at $29.4 billion, helping state finances amid a widening budget deficit. The world’s biggest crude oil exporter maintained the payout at the preceding quarter’s level despite […]
By Tsvetana Paraskova of OilPrice.com, The European oil and gas majors, which are also the world’s top LNG traders, reported a mixed bag of third-quarter results, with some beating or meeting estimates and others missing […]
Oil Price The U.S. gasoline crack spread – a leading refining profitability indicator – slumped in October to the lowest level in nearly three years amid seasonally weaker American gasoline demand and the switch to […]
Oil Price Strong U.S. fuel demand helped Marathon Petroleum (NYSE: MPC) easily beat analyst estimates after reporting on Tuesday an adjusted net income of $3.2 billion for the third quarter of 2023. Adjusted earnings per share […]
World Oil (Bloomberg) – Less than two months since Bernard Looney’s shock resignation, BP Plc is going into its first set of quarterly results without a permanent chief executive officer. In his place will stand Murray Auchincloss, […]
Yahoo Finance Halliburton’s third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. The increased demand comes as oil and gas companies reinvest their record profits […]
BP’s strategy is under the microscope following the departure of CEO Bernard Looney, who resigned after failing to disclose the extent of personal relationships with company staff. Wholesale changes — whether embracing the renewables-free approach of its US competitors […]
(Reuters) U.S. refiner Marathon Petroleum Corp reported a 63% drop in second-quarter profit on Tuesday, as improved fuel supplies and slowing economic activity compressed its margins. Despite resilient fuel demand in the U.S., an increase […]
HOUSTON, Aug 3 (Reuters) – Top U.S. liquefied natural gas exporter Cheniere Energy Inc on Thursday reported second-quarter earnings that topped Wall Street forecasts, and raised its full-year profit outlook. The better-than-expected results came despite […]
HOUSTON (Reuters) -U.S. oil and gas producer ConocoPhillips slightly raised its full-year output expectations on Thursday, even as it posted a lower-than-expected quarterly profit. Earnings at U.S. oil producers have been dented by weak oil […]
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