Corporate performance announcements – Page 2

SilverBow Resources announces first quarter 2024 financial and operating results

May 2, 2024

Oil and Gas 360 05/01/2024 Download the PDF version PDF Format (opens in new window)PDF 268 KB Results top consensus expectations driven by higher production and lower capital expenditures generating record quarterly EBITDA and strong quarterly free cash flow Total debt reduced by $178 million since closing its South Texas acquisition in late 20231; First quarter 2024 leverage ratio of 1.35x 2 lower

ConocoPhillips misses quarterly profit estimates on lower gas prices

May 2, 2024

Yahoo Finance U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset gains from higher oil production. A milder-than-expected winter hurt demand for the heating fuel in the quarter and pulled down U.S. natural gas prices to a three-and-a-half-year low in February, also affecting earnings of U.S. oil

NOG exceeds expectations with strong Permian production in first-quarter 2024

May 2, 2024

World Oil (WO) — Northern Oil and Gas Inc. (NOG) has announced its first quarter results, showcasing robust performance with a focus on its operations in the Permian basin. With a record quarterly production of 119,436 Boe per day (59% oil), marking increases of 4% from the fourth quarter of 2023 and 37% from the first quarter of 2023, NOG

Shell smashes forecasts with $7.7 billion quarterly profit

May 2, 2024

Yahoo Finance LONDON -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose. The company said it will buy back a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. Its

Marathon Petroleum Q1 earnings and revenue beat estimates

April 30, 2024

Oil Price Marathon Petroleum Corp (NYSE: MPC) reported on Tuesday higher-than-expected earnings and revenues for the first quarter despite lower refining margins and profits compared to the same period last year. Marathon Petroleum’s first-quarter net income came in at $937 million, or $2.58 per diluted share, one of the biggest U.S. refiners said today. The earnings per share were slightly higher than

Chevron exceeds Q2 expectations on strong oil production amidst ExxonMobil, Hess arbitration over Guyana

April 26, 2024

World Oil Publisher’s Note: Chevron Corp will present at EnerCom Denver- The Energy Investment Conference on August 18-21, 2024. Register to attend. (Bloomberg) – Chevron Corp. surpassed expectations for a second straight quarter as strong oil-production growth from recent acquisitions helped the company take advantage of crude prices above $80 a bbl. Adjusted first-quarter profit of $2.93 a share was

Exxon misses on Q1 profit despite big gains in Guyana

April 26, 2024

Yahoo Finance HOUSTON-Exxon Mobil Corp on Friday missed analysts’ estimates with a 28% year-on-year drop in first quarter profits as weaker refining margins and lower natural gas prices offset volume gains. Latest results from oil and gas companies including Chevron and TotalEnergies reflect a sharp downturn in natural gas prices after a warmer than usual Northern Hemisphere winter cut demand

Hess Corporation increases oil and gas production on backs success in U.S. Bakken, offshore Guyana

April 25, 2024

World Oil Hess’ E&P net income was $997 million in Q1 2024, compared with $405 million in Q1 2023. Net production was 476,000 boed in Q1 2024, compared with 374,000 boed in the Q1 2023, primarily due to higher production in Guyana and the Bakken. In the second quarter of 2024, E&P net production is expected to be in the

U.S. refiner Valero Energy beats profit forecasts in Q1

April 25, 2024

Oil Price One of the largest U.S. refiners, Valero Energy (NYSE: VLO), saw its adjusted net income more than halve in the first quarter compared to a year earlier, but earnings nevertheless beat the analyst consensus estimate amid tight crude supplies at the start of this year. Valero opened the earnings reporting season on Thursday, announcing an adjusted net income of $1.3

Matador Resources increases oil production following “surprise” Permian success in 2023

April 24, 2024

World Oil (Bloomberg) – Matador Resources Co. pumped more oil than expected in the first three months of 2024 at a time when most U.S. producers have pledged flat to moderate production growth this year. Matador also plans to hit the high end of its full-year output expectations, the Dallas-based company said in its earnings report Tuesday. The company’s production

Halliburton beats earnings forecast on high oilfield services demand

April 23, 2024

Oil Price Halliburton Company (NYSE: HAL) booked slightly higher-than-expected adjusted earnings for the first quarter, driven by rising international demand for oilfield services. The company, one of the world’s top three oilfield services providers and leader in the U.S. fracking services market reported on Tuesday an adjusted net income of $679 million for the first quarter of 2024, or $0.76 per diluted

Renewables giant NextEra books higher-than-expected Q1 earnings

April 23, 2024

Oil Price NextEra Energy Inc (NYSE: NEE) reported on Tuesday an 8.3% annual increase in its adjusted earnings per share for the first quarter, which topped analyst expectations, as the world’s largest wind and solar power generator added more customers to its regulated utilities business and boosted renewables capacity. NextEra Energy posted 2024 first-quarter adjusted earnings of $1.873 billion, or $0.91 per

Premium Content