Singapore's Keppel Corp KPLM.SI on Thursday reported a more than seven-fold jump in its first-half profit boosted by a one-off gain from the sale of its offshore and marine (O&M) unit and strong performance from the infrastructure business.Keppel…
Shell and TotalEnergies reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakenedOil and gas prices soared last year in the wake of Russia's invasion of Ukraine…
Equinor posted on Wednesday a 57% year-on-year decline in second-quarter core profit, in line with expectations as oil and gas prices fell, while maintaining its dividend and share buyback levels.The Norwegian energy group's adjusted earnings before interest and tax for April-June fell to $7…
Chevron Corp's second-quarter earnings topped Wall Street estimates, the company said on Sunday, and Chief Executive Michael Wirth also signaled the number two U.S. oil company remains open to more acquisitions and to increasing shareholder distributions this year…
Exxon Mobil Corp on Wednesday signaled second-quarter operating profits fell sharply on lower natural gas prices and weaker oil refining margins, according to a regulatory filing.Operating earnings dropped to about $7.8 billion from $17.85 billion a year earlier…
Siemens Energy, which supplies equipment and services to the power sector, scrapped its profit forecast for 2023, citing deeper than expected problems at its wind turbine division that could cost the group more than 1 billion euros ($1.1 billion)…
Cost inflation has led Norwegian oil and gas companies to increase their investment forecasts for 2023 and 2024, a national statistics office (SSB) survey showed on Thursday. The country's biggest business sector expects to invest 197.8 billion Norwegian crowns ($18…
Big Western wind turbine makers need direct financial support to make the investments needed to aid decarbonisation, Siemens Gamesa's operating chief said on Tuesday.The challenge for a turbine maker like Siemens Gamesa, a unit of Germany's Siemens Energy ENR1n…
Exxon Mobil Corp on Friday said an ongoing dispute over oil-spill insurance in Guyana could halt production at its first offshore platform there, cutting revenue by about $350 million per month.A Guyanese court this month found Exxon in breach…
Norway-based offshore survey firm Argeo said Thursday its order book was at record high levels, and that its revenue jumped significantly during the first quarter of 2023,'We have put a strong first quarter behind us with a 258% growth in revenues from NOK 6…
BNP Paribas, France's largest bank, will no longer provide any financing dedicated to the development of new oil and gas fields, and it reiterated it targets an 80% cut of its oil exploration financing by 2030. 'BNP Paribas no longer provides…
Japan's Inpex posted a 61% surge in first-quarter net profit to 151.5 billion yen ($1.12 billion) as higher oil and gas sales coupled with a weaker yen boosted financials, it said on Wednesday, falling slightly short of the market expectations…
Saudi oil giant Aramco posted a first-quarter net profit of 119.54 billion riyals ($31.88 billion) on Tuesday, a fall of about 19% from the previous year.It said the drop was mainly driven by lower crude prices, although partially offset by…
BP BP.L made a profit of $5 billion in the first quarter of 2023, up from the previous three months on the back of strong oil and gas trading, but the company's shares fell as it slowed a share buyback program.BP's results, which beat forecasts…
The two largest U.S. oil companies - Exxon Mobil Corp and Chevron Corp - are minting cash from booming oil and gas operations, but are splitting over what to do next.The pair on Friday posted first-quarter results that topped Wall Street forecasts as earnings soared…
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