Exxon Mobil Corp. will boost spending on new oil wells and other projects by as much as 45% after posting the biggest profit in almost eight years amid a broad rally in energy prices.
Italian oilfield services group Saipem has issued a profit warning as supply chain costs rise and project margins in offshore wind and onshore construction deteriorate.
US oilfield services giant Halliburton is back in the black after a “solid execution” of its strategy in the last year.
Reporting its Q4 and full-year results for 2021, oilfield services provider Schlumberger said it had closed the year with “great momentum.”
Oilfield services giant Baker Hughes (NASDAQ: BKR) returned to profitability in full-year 2021, reporting a strong Q4 to round off the year.
Wood has announced a stronger second half year of trading in 2021, but reported a £290million increase in debt and confirmed plans to offload its built environment business following a strategic review.