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HomeEarnings

Earnings

Earnings

Summit Midstream Partners, LP Announces $175 million of Financing Commitments for its Double E Pipeline Project and Schedules Fourth Quarter 2020 Earnings Call

February 2, 2021 Stu Turley

Summit Midstream Partners, LP (NYSE: SMLP) (the “Partnership” or “SMLP”) announced today that its wholly-owned, indirect subsidiary, Summit Permian Transmission, LLC, has received $175 million of commitments from three leading commercial banks to finance the development of its […]

Magellan Midstream Partners - Energy News Beat
Earnings

Magellan Midstream Reports Fourth-Quarter 2020 Financial Results

February 2, 2021 Stu Turley

TULSA, Okla. – Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $183.9 million for fourth quarter 2020 compared to $286.4 million for fourth quarter 2019. The decrease in fourth-quarter 2020 net income […]

ConocoPhillips - Northslope - Energynewsbeat.com
Crude Oil News

ConocoPhillips Q4 loss is narrower than expected

February 2, 2021 Mariel Alumit

Market Watch – ConocoPhillips COP, 2.65% said Tuesday it had a net loss of $800 million, or 72 cents a share, in the fourth quarter, after earnings of $700 million, or 65 cents a share, in the […]

Earnings

BP’s Weak Quarter Shows Big Oil Has Barely Begun Covid Recovery

February 2, 2021 Stu Turley

BP Plc offered more evidence that Big Oil has barely begun to heal the wounds from last year’s historic slump. The Western world’s largest energy producers were supposed to be sailing into the fourth-quarter earnings season […]

Exxon - EnergyNewsBeat
Earnings

Exxon Earnings Beat After Report Of Chevron Merger Discussion

February 2, 2021 Stu Turley

Exxon Stock Down Ahead Of Earnings Exxon will report fourth-quarter results before the market opens Tuesday. Chevron unexpectedly reported a Q4 loss Friday despite the rebound in crude oil prices. Estimates: Earnings is seen plunging over 97% to […]

Chevron to buy biodiesel producer REG in USD-3.15bn deal
Earnings

Chevron Announces Fourth Quarter 2020 Results

January 29, 2021 Stu Turley

Jan. 29, 2021– Chevron Corporation (NYSE: CVX) today reported a loss of $665 million ($(0.33) per share – diluted) for fourth quarter 2020, compared with a loss of $6.6 billion ($(3.51) per share – diluted) in fourth quarter 2019. Included in the current […]

Murphy Oil Corporation - Energy News Beat
Crude Oil News

Murphy Oil Corporation Announces Fourth Quarter and Full Year 2020 Results, Provides 2021 Capital Expenditure and Production Guidance

January 28, 2021 Stu Turley

Murphy Oil Corporation (NYSE: MUR) today announced its financial and operating results for the fourth quarter ended December 31, 2020, including a net loss attributable to Murphy of $172 million, or $1.11 net loss per […]

Earnings

Hess Corporation Q4 releases earnings – loses $97mm ($0.32 per share)

January 27, 2021 Mariel Alumit

NEW YORK (AP) – Hess Corp. (HES) on Wednesday reported a loss of $97 million in its fourth quarter. The New York-based company said it had a loss of 32 cents per share. Losses, adjusted […]

Schlumberger - Energy News Beat
Earnings

Schlumberger: Q4 Earnings Insights

January 22, 2021 Stu Turley

Shares of Schlumberger (NYSE:SLB) rose 1.5% in pre-market trading after the company reported Q4 results. Quarterly Results Earnings per share fell 43.59% over the past year to $0.22, which beat the estimate of $0.17. Revenue of $5,532,000,000 […]

Earnings

Baker Hughes Posts Fourth-Quarter Earnings Miss

January 21, 2021 Stu Turley

Shares of oilfield services major Baker Hughes  (BKR)  slumped on Thursday after the company reported adjusted fourth-quarter earnings that missed analysts’ forecasts as it continued to recover from a slump in oil and gas prices due to […]

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