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HomeEarnings

Earnings

Big Oil Companies

Big Oil Faces Headwinds After Record $199 Billion Profit Haul

January 26, 2023 Mariel Alumit

Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s […]

U.S.
Downstream

U.S. oil refiners set for strong 4Q earnings as margins stay high

January 25, 2023 Mariel Alumit

Sun sets on the Philadelphia Energy Solutions plant refinery in Philadelphia, Pennsylvania, U.S., January 9, 2020. Picture taken January 9, 2020. REUTERS/Mark Makela Jan 23 (Reuters) – U.S. oil refiners are expected to report higher […]

General Electric
Earnings

GE’s 2023 profit forecast weighed down by renewable energy business

January 24, 2023 Mariel Alumit

General Electric on Tuesday reported better-than-expected quarterly earnings on robust demand for its jet engines and power equipment, but offered a disappointing profit forecast for this year as it struggles with persistent problems at its renewable […]

Phillips
Downstream

Phillips 66: Business Transformation In Progress

December 5, 2022 Mariel Alumit

Introduction Houston, Texas-based Phillips 66 (NYSE: NYSE:PSX) released its third quarter of 2022 on November 1, 2022. Also, on November 9, 2022, the company held its “investor day 2022,” unveiling PSX’s strategy. Phillips 66 expects to return […]

US
Earnings

A soaring US dollar will force the Fed to pivot away from its interest rate hikes, but that won’t be enough to prevent an earnings recession, Morgan Stanley says

November 28, 2022 Mariel Alumit

The Federal Reserve will likely follow in the Bank of England’s footsteps and pivot, according to Morgan Stanley. The bank said global US dollar liquidity is now in the “danger zone where bad stuff happens.” […]

Diamondback
Earnings

Diamondback Energy: The Pending Firebird’s Acquisition Is A Positive

November 15, 2022 Mariel Alumit

Summary Diamondback Energy announced the third quarter of 2022 results on November 7, 2022. The quarter’s revenues were $2,437 million, with a net income of $1,184 million or $6.72 per diluted share. Production for 3Q22 […]

Battalion
Earnings

Battalion Oil Corporation Announces Third Quarter 2022 Financial and Operating Results

November 14, 2022 Mariel Alumit

HOUSTON, Nov. 14, 2022 (GLOBE NEWSWIRE) — Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the third quarter 2022. Key Highlights New volumes from 2022 capital […]

Third
Earnings

NOG Announces Third Quarter 2022 Results

November 9, 2022 Mariel Alumit

THIRD QUARTER HIGHLIGHTS Record quarterly production of 79,123 Boe per day (57% oil), an increase of 37% from the third quarter of 2021 Third quarter GAAP cash flow from operations of $276.8 million. Excluding changes […]

Cheniere
Earnings

Cheniere’s adjusted profit, revenue more than double on soaring LNG demand

November 3, 2022 Mariel Alumit

Nov 3 (Reuters) – U.S. liquefied natural gas (LNG) company Cheniere Energy Inc (LNG.A) on Thursday reported a third-quarter loss on derivative contracts while delivering revenue and adjusted profit that more than doubled on surging LNG demand. […]

CHESAPEAKE
Earnings

CHESAPEAKE ENERGY CORPORATION REPORTS 2022 THIRD QUARTER RESULTS

November 2, 2022 Mariel Alumit

OKLAHOMA CITY, Nov. 1, 2022 /PRNewswire/ — Chesapeake Energy Corporation (NASDAQ:CHK) today reported 2022 third quarter financial and operating results. The company plans to host a conference call to discuss results at 9 a.m. EDT, on Wednesday, November 2, […]

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