Friday, December 20, 2024
Oilfield services giant SLB reports strong Q3 results- oil and gas 360

Oilfield services giant SLB reports strong Q3 results

(Oil Price) – The world’s biggest oilfield services provider, SLB (NYSE: SLB), expects to exceed its commitment of returns to shareholders this year as its third-quarter profit beat estimates and cash flow generation remained strong despite softened short-cycle activity. SLB reported on Friday earnings per share (EPS), excluding charges and credits, of $0.89 for the third quarter, up by 5% sequentially and 14%

What to expect for Q3 energy earnings- oil and gas 360

What to expect for Q3 energy earnings

Oil Price The energy sector has enjoyed bumper profits in the current year, with Big Oil companies setting records right, left and center. ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX) and Shell (NYSE: SHEL) together brought in $46 billion in earnings in the second quarter, with all three setting new records for quarterly earnings. However, the outlook going forward is not quite as rosy. It’s early innings

Patterson-UTI sees drilling activity picking up through early next year- oil and gas 360

Patterson-UTI sees drilling activity picking up through early next year

Reuters U.S. oilfield services firm Patterson-UTI Energy PTEN.O expects activity to continue to improve through at least the first quarter of 2021, Chief Executive Andy Hendricks told investors on Thursday during an earnings call. The company, which offers contract drilling and hydraulic fracturing services in North America, expects to average 61 rigs in the current quarter, up from 60 in the third

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

ConocoPhillips Shifts Capital into the Bakken and Eagle Ford in a Late 2016 Move

COP adding 5 rigs in the Bakken and Eagle Ford in Q4 2016 The world’s largest independent E&P, ConocoPhillips (ticker: COP), reported a third-quarter 2016 net loss of $1.0 billion, or ($0.84) per share today. But the company snagged its analysts’ attention in today’s conference call when executives disclosed that it had shifted capital from deepwater and large projects into two U.S. shale basins. In its