All publications by tag «OIL»
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2015, October, 29, 19:25:00
ANADARKO PETROLEUM LOSS $2.2 BLN
Anadarko Petroleum Corporation (NYSE: APC) today announced its financial and operating results for the third quarter of 2015, including a net loss attributable to common stockholders of $2.235 billion, or $4.41 per share (diluted). These results include certain items typically excluded by the investment community in published estimates, which in aggregate decreased net income by $1.877 billion or $3.69 per share (diluted), on an after-tax basis. Net cash flow from operating activities in the third quarter of 2015 was $1.127 billion, and discretionary cash flow from operations totaled $979 million.
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2015, October, 29, 19:20:00
SUNCOR ENERGY LOSS $376 MLN
A net loss of $376 million ($0.26 per common share) was recorded in the third quarter of 2015, compared with net earnings of $919 million ($0.63 per common share) in the prior year quarter. The net loss for the third quarter of 2015 included an unrealized after-tax foreign exchange loss of $786 million on the revaluation of U.S. dollar denominated debt. Net earnings in the prior year quarter included an after-tax gain of $61 million on the disposal of the Wilson Creek assets in the E&P segment, offset by a $54 million income tax and interest charge related to a prior period in the Oil Sands segment, and the impact of an unrealized after-tax foreign exchange loss of $394 million.
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2015, October, 29, 19:15:00
SHELL LOSS $6.12 BLN
Royal Dutch Shell’s third quarter 2015 earnings, on a current cost of supplies (CCS) basis, were a loss of $6.1 billion compared with a gain of $5.3 billion for the same quarter a year ago.
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2015, October, 29, 19:10:00
STATOIL LOSS NOK28.2 BLN
Statoil reported net income in accordance with IFRS of negative NOK 2.8 billion, mainly due to net impairment charges and provisions.
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2015, October, 27, 19:30:00
NO LOW OIL PRICES
Countries should not bank on oil prices remaining low when formulating their energy policies, as supplies could tighten from mid-2016 due to a drop in investment and falling U.S. output, a senior industry official said on Monday.
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2015, October, 27, 19:25:00
U.S. OIL IMPORTS UP
U.S. imports of foreign oil are rising again after a long decline, as the oil bust forces domestic producers to scale back.
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2015, October, 27, 19:20:00
SAUDI DOWN $130 BLN
With oil prices stuck at $50 per barrel, the Saudi Arabia’s annual export income will be around $130 billion lower this year in comparison to last year, Jason Tuvey, Middle East Economist at British economic research and consulting company Capital Economics said in a report obtained by Trend.
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2015, October, 27, 19:15:00
U.S. COMPLETIONS DOWN 44%
Estimated total U.S. oil and natural gas well completions decreased by 44 percent in the third quarter of 2015 compared to year-ago levels, according to API's 2015 Quarterly Well Completion Report, Third Quarter.
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2015, October, 27, 19:05:00
CHINA BUYS U.S.:$1.3 BLN
A Chinese holding company signed a letter of intent to purchase oil and gas assets in the Permian basin of West Texas for $1.3 billion through a limited liability partnership.
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2015, October, 27, 18:55:00
MAERSK OIL CUTS 12%
Maersk Oil has announced its intention to implement workforce reductions amounting to 10-12% of roles across its business.