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HomeEarnings

Earnings

Shell’s Q4 profit
Big Oil Companies

Shell’s Q4 profit down to $7.3 billion, LNG sales up

February 1, 2024 Mariel Alumit

LNG giant Shell reported a drop in its adjusted earnings in the fourth quarter last year, while its LNG sales rose compared to the same period in 2022. The UK-based firm said its adjusted earnings […]

Critical Minerals

Hochschild meets annual guidance, targets 15% output increase in 2024

January 24, 2024 Mariel Alumit

​Hochschild Mining plc (LSE: HOC) ended 2023 at the top end of its revised production guidance, with costs also anticipated to be in line with expectations, the UK-based precious metals producer announced Wednesday. Total attributable production […]

Crude Oil News

Exxon earnings to drop on California offshore exit, weaker prices

January 6, 2024 Stu Turley

Exxon estimated taking a $2.4 billion to $2.6 billion impairment to oil and gas properties along the Southern California coast. Sable Offshore, a company created in 2020, agreed more than a year ago to pay […]

Big Oil Companies

Chevron to take up to $4 billion in charges in Q4

January 3, 2024 Mariel Alumit

Nasdaq Jan 2 (Reuters) – Chevron CVX.N said on Tuesday it would take non-cash writedowns on U.S. oil and gas production, primarily in California, and for securing abandoned wells and pipelines in the U.S. Gulf of Mexico that had […]

Oil and Gas Industry
Crude Oil News

Visualized: How the Oil and Gas Industry Spends Its Profits

December 16, 2023 Stu Turley

How the Oil and Gas Industry Spends Its Profits 2022 was a highly profitable year for the oil and gas industry. Due to Russia’s invasion of Ukraine, energy prices skyrocketed, and the industry amassed an […]

Dynagas LNG Partners
Earnings

Dynagas LNG Partners reports lower net income in Q3

December 11, 2023 Stu Turley

Dynagas LNG Partners, the owner of six LNG carriers which operate under long-term charters, reported a drop in its net income for the July-September period. The NYSE-listed limited partnership formed by shipowner Dynagas posted a […]

Malaysia’s MISC
Earnings

Malaysia’s MISC reports higher Q3 LNG earnings

November 23, 2023 Mariel Alumit

Malaysia’s LNG shipper MISC, a unit of Petronas, said its LNG business logged a rise in both revenue and operating profit in the July-September period. The shipping firm said its gas assets and solution business, […]

Awilco LNG
Earnings

Awilco LNG reports Q3 net profit of $3.3 million

November 15, 2023 Mariel Alumit

Norway-based shipping firm Awilco LNG, the owner of two 156,000-cbm carriers, reported a net profit of $3.3 million for the third quarter of this year compared to a net loss in the same period last […]

Empire Petroleum
Earnings

Empire Petroleum announces results for third quarter 2023

November 14, 2023 Mariel Alumit

TULSA, Okla. – Empire Petroleum (NYSE American: EP) (“Empire” or the “Company”), an oil and gas company with producing assets in New Mexico, North Dakota, Montana, Texas and Louisiana, today announced operational and financial results […]

TC Energy
Earnings

TC Energy beats third-quarter profit estimates on high LNG demand

November 9, 2023 Mariel Alumit

Nasdaq Pipeline operator TC Energy TRP.TO on Wednesday beat third-quarter profit estimates, as it gained from transporting higher volumes of liquefied natural gas. Source: Reuters The company reported an adjusted profit of C$1.00 ($0.7262) per share for […]

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