Prices
![Prices](/cache/2015/11/OPEC-21.7b6f258f.jpg)
2015, November, 3, 19:15:00
OPEC SQUABBLES
Internal OPEC squabbles are on the rise as members argue about the need to support a fair oil price and boost revenues just as they feel more pain from low crude prices.
![Prices](/cache/2015/11/HUSKY-1.805523bc.jpg)
2015, November, 3, 19:10:00
HUSKY NET LOSS C$4.1 BLN
"It is evident that the global oil dynamic has experienced a fundamental shift, driven by the resilience in supply," said CEO Asim Ghosh. "Back in 2010, we made the decision to stay diversified, integrated and begin a transition into a low sustaining capital business. In a lower for longer world, our low sustaining capital projects in the Asia Pacific Region, oil sands, heavy oil thermals and Downstream margin business have become even more strategic.
![Prices](/cache/2015/11/LNG-21.b5dd41ab.jpg)
2015, November, 2, 19:25:00
CHEAPER U.S. LNG
Long term, US LNG, will be cheaper on a cost basis than LNG from most of the rest of the world, according to Kimball Chen, Chairman, Energy Transportation Group.
![Prices](/cache/2015/USA-87.fd6c6c52.jpg)
2015, November, 2, 19:20:00
U.S. RIGS DOWN 12
U.S. Rig Count is down 12 rigs from last week to 775, with oil rigs down 16 to 578, and gas rigs up 4 to 197.
U.S. Rig Count is down 1,154 rigs from last year at 1,929, with oil rigs down 1,004, and gas rigs down 149.
The U.S. Offshore rig count is 33, down 2 rigs from last week, and down 20 rigs year over year.
![Prices](/cache/2015/11/CHEVRON-3.a3f1b53a.jpg)
2015, November, 2, 19:15:00
CHEVRON NET INCOME $5,2 BLN
Chevron Corporation (NYSE: CVX) reported earnings of $2.0 billion ($1.09 per share – diluted) for third quarter 2015, compared with earnings of $5.6 billion ($2.95 per share – diluted) in the 2014 third quarter. Foreign currency effects increased earnings in the 2015 quarter by $394 million, compared with an increase of $366 million a year earlier.
![Prices](/cache/2015/11/EXXON-4.d6c9f00e.jpg)
2015, November, 2, 19:10:00
EXXON NET INCOME $13.4 BLN
Exxon Mobil Corporation today announced estimated third quarter 2015 earnings of $4.2 billion, or $1.01 per diluted share, compared with $8.1 billion a year earlier. Significantly lower Upstream realizations more than offset higher Downstream and Chemical earnings.
![Prices](/cache/2015/10/USA-86.4adc0b40.jpg)
2015, October, 30, 19:25:00
3Q: OIL&GAS M&A
During the 3-month period ending Sept. 30, an overall total of 51 oil and gas deals took place, accounting for $91.2 billion, which was higher than the 47 deals worth $38.8 billion that occurred in the previous quarter, but still down from the 83 deals worth $125.7 billion that occurred in third-quarter 2014.
![Prices](/cache/2015/10/CONOCO-4.816aa490.jpg)
2015, October, 30, 19:20:00
CONOCO LOSS $1.1 BLN
ConocoPhillips (NYSE: COP) reported a third-quarter 2015 net loss of $1.1 billion, or ($0.87) per share, compared with third-quarter 2014 earnings of $2.7 billion, or $2.17 per share. Excluding special items, third-quarter 2015 adjusted earnings were a net loss of $466 million, or ($0.38) per share, compared with third-quarter 2014 adjusted earnings of $1.6 billion, or $1.29 per share. Special items for the current quarter related primarily to the termination of a rig contract for a Gulf of Mexico deepwater drillship, non-cash impairments, restructuring costs and pension settlement expense.
![Prices](/cache/2015/10/NABORS-3.5576ca6f.jpg)
2015, October, 30, 19:15:00
NABORS LOSS $296 MLN
Nabors Industries Ltd. ("Nabors") (NYSE:NBR) reported third-quarter operating revenues of $848 million, compared to $863 million in the second quarter of 2015, and $1.81 billion in the third quarter of last year. The comparable third quarter of last year included $612 million in revenue from Completion and Production Services, a business line that merged with C&J Energy Services on March 24, 2015. The Completion and Production Services business is no longer consolidated with Nabors, and Nabors' results reflect equity-method accounting for this investment on a quarter-lag basis.
![Prices](/cache/2015/10/TOTAL-5.b49bcd87.jpg)
2015, October, 30, 19:10:00
TOTAL NET INCOME $6.7 BLN
Total CEO Patrick Pouyanne, pleased with the results, said in the company press release: “In a context where the oil price has fallen by 50% in one year, Total was able to demonstrate its resilience.” He further added how the integrated model had helped Total to record such results.
![Prices](/cache/2015/10/gazprom-28.6b19be05.jpg)
2015, October, 29, 19:50:00
GAZPROM'S STRATEGY
Even under the evolving market conditions, Gazprom is confident that it can retain its competitive position and market share in the Asia-Pacific region.
![Prices](/cache/2015/10/ANADARKO-1.bca14562.jpg)
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.
![Prices](/cache/2015/10/SUNCOR-1.fff0b433.jpg)
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.
![Prices](/cache/2015/10/SHELL-9.94dbdaa1.jpg)
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.
![Prices](/cache/2015/10/STATOIL-6.0acb33fd.jpg)
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.