ExxonMobil missed Wall Street estimates for second-quarter profit on Friday, despite notching its biggest quarterly profit in four years amid higher oil prices and improved refining margins driven by the ongoing U.S.-Israeli war with Iran.Adjusted earnings rose 67% from the first quarter to $14…
Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict.Higher oil and gas prices, stronger…
Italian energy group Eni on Wednesday lifted its share buyback programme by €600 million to €3.4 billion ($3.9 billion) after reporting better than expected second-quarter results.The company's adjusted net profit more than doubled in April-June compared with the same period last year to €2…
Australia's Woodside Energy reported a 28% rise in second-quarter revenue on Wednesday and narrowed its annual production forecast, citing strong operational performance and high reliability across its assets.The company now expects 2026 production…
Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East…
Italian oil and gas contractor Saipem on Monday revised down its expectations for 2026 core earnings to take into account extra costs linked to the Middle East crisis.The de-consolidation of its shallow-water drilling business, which Saipem recently sold…
Portuguese energy company Galp Energia posted a 45% jump in second-quarter adjusted net profit on Monday, boosted by higher oil output in Brazil and stronger crude prices and refining margins brought on by Iran war supply disruptions.The company raised its earnings guidance for the year…
Equinor on Wednesday reported a sharp rise in second-quarter profits, as expected, lifted by a surge in oil and gas prices as the war in the Middle East disrupted global energy supplies.The Norwegian group's adjusted earnings before tax for the April to June period rose to $11…
French oil major TotalEnergies higher energy prices due to the war in Iran are expected to lift its second quarter profits, though liquefied natural gas income will be sharply down due to weak trading on declining European demand, according to an earnings snapshot published on Thursday…
Norwegian oil firm Aker BP on Wednesday reported a jump in second-quarter profit as the U.S.-Israeli war on Iran drove up energy prices.Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $3.35 billion in the April-to-June quarter from $2…
BP expects its oil trading result to be slightly higher in the second quarter after an exceptionally strong first quarter, as it continues to profit from a surge in oil prices caused by the Iran war.The British major flagged higher oil realizations…
Shell slightly increased its guidance on Tuesday for its second-quarter integrated gas production, although output would be down sharply from the first three months of the year due to the impact of the Middle East conflict.The British oil major…
Norwegian oil and gas companies have raised their projected investments for 2026 and 2027 compared to estimates made three months ago, a quarterly statistics office (SSB) survey of industry players showed on Thursday.Norway produces more than 4 million barrels of oil equivalent per day…
Borr Drilling has reported a wider first-quarter loss as delayed start-up work for the Odin jack-up rig and contract transitions weighed on earnings, while the offshore driller continued expanding its fleet and contract backlog.The company posted…
Eni and Global Infrastructure Partners, a part of BlackRock and strategic partner in Eni CCUS Holding, said the company has secured a financing facility of more than $670 million (£500 million) to support its carbon capture and storage project platform…