Chinese offshore oil and gas major CNOOC posted a record first-half net profit on Wednesday, as higher oil prices driven by the Iran war and rising production boosted earnings.Net profit attributable to shareholders rose 23.4% to 85.8 billion yuan ($12.9 billion) from 69.5 billion yuan a year earlier, according to a filing with the Hong Kong Stock Exchange.Oil and gas sales revenue jumped 20% to 206…
Woodside Energy on Tuesday abandoned a longer-term emissions target and $5 billion in planned clean energy spending by 2030 to focus on its core oil and gas business after reporting a 7% rise in first-half profit.The Australian company will…
Dutch floating production specialist SBM Offshore raised its 2026 outlook for the second time this year on Thursday after strong contract activity and the sale of its One Guyana vessel helped lift first-half revenue, sending its shares up more than 7%…
British oil and gas producer Harbour Energy raised its annual free cash flow and production forecasts for the second time this year on Thursday after record first-half output and higher oil and gas prices.The London-listed company raised its free cash flow outlook to $1…
BP's second-quarter profit more than doubled to $5.73 billion on higher oil and gas prices and strong refining margins, it reported on Tuesday, as CEO Meg O'Neill outlined the energy group's priorities.Oil majors have benefited this year from market volatility caused by the U…
Chevron surpassed analyst estimates for second-quarter earnings on Friday, reporting its highest quarterly profit in at least six years as the U.S.-Israeli war with Iran disrupts world energy markets, boosting profits for the biggest oil companies…
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…
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