Petrofac (LON: PFC) has released its 2022 full-year results, which new CEO Tareq Kawash said are “severely impacted” by challenges in its engineering and construction (E&C) division.
North Sea firm Serica Energy (LON: SQZ) is attributing its latest set of financials to bold decisions made when the “going was tough”.
Serica Energy (LON: SQZ) takings soared in 2022 during a year of “outstanding progress” for the North Sea oil and gas firm.
But the North Sea firm also lamented the “fiscal uncertainty” created by the energy profits levy (EPL), confirming a $767m deferred tax charge as a result of the government policy.
The UK North Sea remains a key part of the business of global engineering and consultancy services giant Wood, its boss said on Tuesday.
Chinese NOC Sinopec expects to increase oil and gas production next year as the government looks to meet growing domestic demand following an end to Covid-19 lockdowns in December last year.
Longboat Energy (LON: LBE) is focusing on converting its “exploration success into reserves, production and cash” after posting hefty losses for 2022.
Saudi Aramco unexpectedly increased its dividend and said it would hike spending as it looks to deploy an avalanche of cash generated by last year’s surge in oil and gas prices.
In a Twitter thread, Greg Muttitt, who works for IISD Energy, accused the North Sea’s biggest producer of counting “all of its windfall tax payments for the next 5 years into this year's accounts”.
Neptune Energy pulled in pre-tax profits of $3 billion last year as oil and gas prices “soared” across Europe.
London-headquartered Hunting (LON: HTG) is charting a plan for major growth with the launch of a “broad-based” 2030 strategy.
Saipem reported diminishing losses in its full-year results, after a year marred by lossmaking wind contracts and the departure of its CEO.
Eni (NYSE: ENI) is toasting a set of “excellent financial and operating results” after a year in which it ensured “the security and stability of energy supplies” to Europe.
Engie SA reported a jump in 2022 earnings and a planned 65% increase in its dividend thanks to an exceptional surge in the cost of power and gas last year.
Aker BP (OSLO:AKRBP) more than tripled its pre-tax earnings for full-year 2022, in its first annual results filings since the takeover of Nordic rival Lundin last year.
Aker Solutions (OSLO:AKSO) reported storming fourth quarter and full year results, as a wave of new Norwegian projects filled its books to a record high.
Equinor (OSLO:EQNR) joins other energy giants to post record profits for 2022, prompting a further ramp-up in share buybacks.
Climate campaigners intend to hold protests at the UK offices of energy giant Equinor (OSLO:EQNR) and the Norwegian embassy ahead of what are expected to be a further set of record profits.
BP (LON: BP) hit record profits in its 2022 results at a whopping $27.7bn, and announced it is slowing down the pace of its withdrawal from oil and gas.
New chief executive Wael Sawan is unlikely to be introduced to shareholders alongside another set of record profits, but Shell (LON: SHEL) will have continued to benefit from massively high energy prices in the last months of 2022.
Chevron Corp. posted disappointing fourth-quarter results just days after surprising investors with a mammoth $75 billion share-buyback program.
Exxon Mobil, Chevron, Shell, TotalEnergies and BP reaped almost $200 billion collectively last year but fears of an economic slowdown, plunging natural gas prices, cost inflation and uncertainty over China’s re-opening are dimming the outlook for 2023.
Baker Hughes (NASDAQ: BKR) capped its big restructuring year of 2022 with “record” orders during Q4.
Wood (LON: WOOD) has forecast a drop in earnings and revenues for its 2022 results, down from the previous two years.