Delivered industry-leading 2023 earnings of $36.0 billion1, generated $55.4 billion of cash flow from operating activities and distributed $32.4 billion to shareholders Leading industry in compounded annual growth rate for earnings excl. identified items and […]
Wind firm Orsted will present its new strategy on Wednesday Company faces dilemma of cutting targets or raising capital Cutting dividend, asset sales could restore confidence -analysts COPENHAGEN, Feb 2 (Reuters) – Orsted (ORSTED.CO), opens new […]
HOUSTON, Feb 2 (Reuters) – After a year marked by oil and gas production setbacks, Chevron Corp on Friday delivered a better-than-expected 10.7% annual gain from the Permian Basin, its top shale-producing region. The company delivered […]
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 […]
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 […]
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 […]
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 […]
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, 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 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, […]
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