Oil and Gas 360 January 25, 2024 Reported net income attributable to Valero stockholders of $1.2 billion, or $3.55 per share, for the fourth quarter and $8.8 billion, or $24.92 per share, for the year Reported adjusted net income attributable to Valero stockholders of $8.8 billion, or $24.90 per share, for the year Returned $1.3 billion to stockholders through dividends
Oil and Gas 360 January 24, 2024 DENVER–(BUSINESS WIRE)– Liberty Energy Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today full year and fourth quarter 2023 financial and operational results. Summary Results and Highlights Revenue of $4.7 billion for the year ended December 31, 2023 Net income1 of $556 million, or $3.15 fully diluted earnings per share (“EPS”), for the year ended December 31, 2023, up
Oil and Gas 360 Net income of $0.74 per diluted share. Adjusted net income per diluted share1 of $0.86, excluding losses in Argentina primarily due to currency devaluation. Revenue of $5.7 billion and operating margin of 18%. Cash flow from operations of $1.4 billion and free cash flow2 of $1.1 billion. 2024 first quarter dividend increases by $0.01 per share to $0.17 per share. HOUSTON–(BUSINESS WIRE)–Jan. 23, 2024– Halliburton Company (NYSE: HAL) announced today net income of $661 million,
Investing Investing.com — Oilfield services giant SLB (NYSE:SLB) has reported fourth-quarter profit that topped analyst estimates and bumped up its dividend. Houston-based SLB posted a 21% jump in net income attributable to shareholders, excluding charges and credits, to $1.24 billion in the three months ended on Dec. 31. The total translated to diluted earnings per share of $0.86, above Bloomberg
World Oil (WO) —SLB and Nabors Industries announced a collaboration to scale the adoption of automated drilling solutions for oil and gas operators and drilling contractors. The agreement will enable customers to seamlessly integrate the companies’ drilling automation applications and rig operating systems to deliver improved well construction performance and efficiency. The new integration provides customers with access to a
World Oil (WO) – Danos has secured a contract with bp to renew its comprehensive drilling logistical services for the integrated energy company’s Gulf of Mexico assets, building on a relationship that began in 2017. Leveraging the company’s 76 years of expertise, Danos will oversee the coordination of materials and personnel to and from multiple bp locations, ensuring streamlined and
Oil Price The world faces the highest geopolitical risks since the 1973 oil embargo, the chief executive of one of the largest oilfield service providers, Baker Hughes, told the Financial Times. “From a historical context I’ve heard people say, you go back to the oil embargo of 1973 — that being somewhat similar,” Baker Hughes CEO Lorenzo Simonelli told FT in an
Oil Price After the sanctions relief from the U.S. last month, Venezuela is in contact with domestic and international oilfield services providers to help it ramp up crude oil production, Reuters reported on Monday, citing sources close to the negotiations. Venezuela’s state-controlled oil firm PDVSA is discussing hiring equipment and services from oilfield services suppliers now that the United States has lifted sanctions on Venezuela’s
Yahoo Finance Halliburton’s third-quarter profit beat market expectations on Tuesday as higher international drilling and equipment demand helped overcome weakness in North America. The increased demand comes as oil and gas companies reinvest their record profits from the market disruption caused by Russia’s invasion of Ukraine to intensify the hunt for new offshore and international sources. “Looking ahead expect to see
World Oil (WO) – Halliburton Company introduced GuideStar, a service that uses high-resolution sampling to provide continuous, definitive survey measurements for more precise wellbore positioning. The GuideStar service enhances well delivery by increasing the understanding of the centerline wellbore placement and reducing survey time. It enables proactive, real-time steering decisions to help avoid a reduction in the rate of penetration
Publisher’s Note: Flotek’s CEO Ryan Ezell recently participated in a fireside chat with Water Tower Research analyst Jeff Robertson. Dr. Ezell discussed the growing market for Flotek’s green chemistry solutions and the prospects for the Company’s Data Analytics segment, driven by the adoption of the JP3 Verax Analyzers; how the Company’s green chemistry technologies can drive improved performance for well owners;
Publisher’s Note: Dan Genovese with EnerCom spoke with Energy Transition and Emerging Technology Session presenters Darin Knicely, Robert Downey, Chris Williams and Matthew Ciardiello about their emerging companies and value propositions. The Emerging Energy Technology and Energy Transition Session at EnerCom Denver is a unique opportunity for energy related technology, alternative energy and traditional oil and gas start-up ventures to
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