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HomeFinance

Finance

Antonio Guterres - Photographer - Christopher Goodney - Bloomberg
Commodities

UN Head Calls on Global Funding Agencies to Shun Fossil Fuels

May 7, 2021 Stu Turley

The head of the United Nations is calling on international lending agencies to stop financing major fossil fuel projects, which he said are no longer economic investments. UN Secretary General Antonio Guterres, in a speech Thursday, also […]

Alliant Energy - EnergyNewsBeat.com
Earnings

Alliant Energy Announces First Quarter 2021 Results

May 7, 2021 Stu Turley

MADISON, Wis., May 06, 2021 (GLOBE NEWSWIRE) — Alliant Energy Corporation (NASDAQ: LNT) today announced U.S. generally accepted accounting principles (GAAP) and non-GAAP consolidated unaudited earnings per share (EPS) for the three months ended March 31 as follows: […]

Finance

Obsidian Energy Announces First Quarter 2021 Results and Successful First Half Development Program

May 7, 2021 Stu Turley

Successful completion of nine well, first half 2021 drilling program in Cardium Robust initial well results with first five wells on-stream; completion activity commenced on remaining four wells Free cash flow generation results in lower […]

Finance

Chevron pitches $100 million in New Mexico properties as oil M&A heats up

May 5, 2021 Andy Del Prado

HOUSTON (Reuters) – Chevron Corp is offering to sell about 73,000 acres (29,540 hectares) of oil and gas properties in New Mexico, according to documents viewed by Reuters, as oil firms accelerate divestitures in a […]

hillips 66 adds dedicated low-carbon unit amid evolving energy landscape - Energy News Beat
Earnings

ExxonMobil Earns $2.7 Billion in First Quarter 2021

May 3, 2021 Andy Del Prado

First Quarter 2021 Results and Management Perspectives Cash flow from operating activities of $9.3 billion fully funded dividend and capital expenditures, and drove debt reduction of over $4 billion Lowered cash operating expenses versus the […]

Finance

Record Metals Prices Catapult Mining Profits Beyond Big Oil

May 2, 2021 Stu Turley

Major oil producers, for decades the natural resource industry’s top earners, are being eclipsed by once-smaller mining peers who are churning out record profits thanks to red-hot metals markets. The mining windfall is the latest […]

Equinor posts best quarterly results since 2014 - EnergyNewsBeat ENB
Earnings

Equinor posts best quarterly results since 2014

May 1, 2021 Stu Turley

Equinor on Thursday reported adjusted earnings of $5.47 billion in the quarter which is way above the $2.05 billion reported in the first quarter of 2020. Adjusted earnings after tax were $2.66 billion in the first […]

Shell -Shell -Energy News Beat
Earnings

Shell raises dividend for second time in six months after first-quarter earnings beat forecasts

May 1, 2021 Andy Del Prado

LONDON — Oil giant Royal Dutch Shell on Thursday reported slightly better-than-expected first-quarter earnings, amid stronger commodity prices and growing expectations of a fuel demand recovery. Shell also raised its dividend by around 4%, its second increase in […]

ENI - EnergyNewsbeat
Finance

Italy’s Eni to shed retail-renewable energy stake – Cash flow matters

May 1, 2021 Stu Turley

Italian energy group Eni is planning to spin off a minority stake in its new retail and renewable business next year, it said on Friday, after announcing first quarter profits that missed expectations. Several European energy companies, including Spain’s Repsol […]

Exxon - EnergyNewsBeat
Earnings

ExxonMobil earns $2.7 billion in first quarter of 2021

April 30, 2021 Stu Turley

ExxonMobil last Friday posted estimated earnings of $2.7 billion in the first quarter of 2021 compared with a loss of $610 million in the same quarter last year. The company stated that the positive results reflect the benefits […]

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