Siemens Gamesa Renewable Energy delivered another cut to its earnings forecast, the latest sign of the headwinds hurting an industry vital to combat global warming and solve the energy crisis.
ConocoPhillips’s purchase of Royal Dutch Shell Plc’s Permian assets will make it the second-largest producer in the world’s top shale basin, according to data from Enverus.
Chevron Corp. boosted its planned share buyback to as much as $5 billion per year, as the oil giant uses higher commodities prices to step up returns to investors rather than investing in production growth.
North Sea-focused E&P company Ithaca Energy said it made $249m (£187m) in pre-tax profits during the quarter, with higher commodity prices offsetting production shutdowns.
Offshore driller Seadrill has confirmed a series of contract wins in recent months, buoying prospects as it approaches the end of its bankruptcy proceedings.
Oilfield services firm Archer has posted a pre-tax loss of around £5.6 million for the third quarter of 2021, as COVID continues to impact operations.
BP (LON: BP) chief executive Bernard Looney said today that the company will have no problem in funding the growth needed to fuel the transition.
BP’s (LON: BP) chief executive has hailed “another good quarter” for the oil and gas giant, in no small part due to the spike in commodity prices.
Answering questions on its Q3 results, Shell chief executive Ben van Beurden said the energy giant won’t be attending the global climate event.
The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and investors are about to find out what they’ll do with it.
Halliburton’s chief executive has praised the “effectiveness” of its “strategy and execution” after the company reported a healthy balance sheet.
ConocoPhillips lost $450 million in the third quarter as low crude prices and reduced production during the coronavirus pandemic continued to take a toll on the company's bottom line.
Equinor is on track with plans to reduce its operating costs by $700 million as part of its “forceful response” to combat “market turmoil”, according to its latest accounts.