Reported earnings of $4.5 billion; cash flow from operations of $9.7 billion Returned record $7.7 billion cash to shareholders Started up key U.S. Gulf of Mexico projects Optimizing portfolio with announced $6.5 billion sale of […]
Improved earnings power from enterprise-wide transformation drove industry-leading third-quarter earnings of $8.6 billion1 Achieved highest liquids production in over 40 years with 3.2 million barrels per day2 Delivered record high-value product sales volumes in Product […]
The biggest U.S. LNG exporter, Cheniere Energy Inc (NYSE: LNG), reported on Thursday a decline in third-quarter revenues and profits amid decreased market volatility and lower international LNG and natural gas prices. Cheniere Energy booked $3.763 billion […]
Canada’s largest oil and gas producer, Canadian Natural Resources (NYSE: CNQ), reported lower adjusted net earnings from operations for the third quarter compared to a year earlier amid plunging natural gas prices in North America […]
China’s two largest refiners, Sinopec and PetroChina, have reported steep declines in refining output as domestic oil demand weakened further in the third quarter. Lower refining and chemicals demand contributed to a sharp drop in […]
BP and Shell are expected to report lower profits this week due to weak oil prices and falling refining margins. Both companies are facing investor pressure, with BP scaling back its renewable energy plans and […]
“Integrated LNG results are expected to be above $1 billion, in a context of low market volatility and a decrease in production due to unplanned maintenance on Ichthys LNG,” TotalEnregies said. TotalEnergies has a 26 […]
The NYSE-listed limited partnership formed by shipowner Dynagas posted a net income of $10.7 million for the three months ended June 30, 2024. This marks a drop of $3.7 million, or 25.7 percent, compared to $14.4 […]
PetroChina Co. Ltd.’s net income for the first half (H1) of 2024 rose 3.9 percent year-on-year to RMB 88.61 billion ($12.4 billion) as operating results broke company records for the period for the third consecutive […]
Carmaker cancels fully electric three-row utility vehicle Spending on EVs will drop to about 30% of capex, from 40% Ford Motor Co. is recalibrating its electrification strategy yet again, canceling plans for a fully electric sport […]
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