Exxon Mobil Corp posted a $56 billion net profit for 2022, the company said on Tuesday, taking home about $6.3 million per hour last year, and setting not only a company record but a historic high for the Western oil industry. Oil majors are expected to break their own annual records on high prices and soaring demand, pushing their combined take to near $200 billion. The scale has renewed criticism…
Halliburton surpassed Wall Street expectations for fourth-quarter profit on Wednesday, on the back of steady demand for its services and equipment in international markets.Shares of the company rose nearly 2% in premarket trading.Offshore exploration…
Havila Shipping delivered a stronger third quarter in 2025, reporting improved profit before tax and maintaining high fleet utilization despite softer day rates and several vessels undergoing planned maintenance.According to the company’s quarterly report…
Offshore supply vessel operator Havila Shipping ASA delivered stronger results in the second quarter of 2025, supported by high fleet utilization and stable freight revenues.Freight revenues reached NOK 165.5 million in Q2, up NOK 19.5 million…
Petrochemicals giant Saudi Basic Industries Corp (SABIC) swung to a $2 billion quarterly profit and said it expects solid performance to continue in the second half of 2021, backed by healthy demand and rising oil prices.SABIC, the world's fourth…
Oil and gas services company SBM Offshore on Thursday reported a better than expected decline in core profit for the first half of 2021 as it looks to develop floating offshore wind projects.After reducing spending sharply in the face of a pandemic-induced demand collapse…
Siemens Energy cranked up the pressure on wind turbine division Siemens Gamesa on Wednesday, saying it was 'extremely annoying' that it was having to reduce its profit outlook as a result of the Spanish-listed unit.The comments from CEO Christian…
Lower wind speeds and cable problems hit first-quarter earnings at Denmark's Orsted , sending shares in the world's biggest offshore wind farm developer lower on Thursday.Earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 4…
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