Saturday, November 23, 2024

Core Lab Announces Top Level Management Changes

CFO Richard Bergmark to retire, Chris Hill to become CFO, Larry Bruno named President Core Laboratories (ticker: CLB) announced management changes at the highest levels as part of its Q4 and 2017 earnings release: Dick Bergmark to Retire at End of 2018 Richard Bergmark, Core Lab’s Executive Vice President and Chief Financial Officer, notified the company that after 30 years

ConocoPhillips Announces $5.5 Billion 2018 Spend, $400 Million Alaska Acquisition

200% disposition-adjusted reserve replacement ratio ConocoPhillips (ticker: APC) announced full year results and reserves today, showing how the world’s largest independent dealt with the past year’s developments. ConocoPhillips earned $1.6 billion in Q4 2017, or $1.32 per share, but reported a loss of $0.9 billion in 2017, ($0.70) per share for the full year. These results significantly exceed Q4 2016,

Shell Earned $4.3 Billion for Q4, $15.8 Billion for 2017

Royal Dutch Shell (ticker: RDS.A) CEO Ben van Beurden had some things to celebrate in his company’s year-end reporting today. “We were able to deliver $39 billion of cash flow from operations excluding working capital movements from our upgraded portfolio. We strengthened our financial framework during the year through an $8 billion reduction in our net debt…,” the CEO said