Tuesday, January 7, 2025

H&P Reports Utilization Rates Up Despite Oil Price Drop

$19 million in quarterly earnings Helmerich & Payne (stock ticker: HP) announced quarterly results today, showing earnings of $19 million, or $0.17 per share. This result exceeds the $2.5 million in earnings H&P reported in the previous quarter, and is the first time H&P recorded two consecutive quarters of net income since early 2016. Quarterly revenue was also up, as

Hess Puts 2017 Spend at $2.25 Billion

Hess Targeting 750 MBOEPD From Guyana

Multiple discoveries have revealed 5 billion BOE of resource Hess (stock ticker: HES) announced fourth quarter results and reserves today, the first major E&P company to release earnings this quarter. Hess reported a net loss of $5 million in Q4, or ($0.05) per share, compared to a loss of $2.7 billion, ($8.57) per share in Q4 2017. In total, Hess