Royal Dutch Shell plc said Wednesday capital spending this year — following its combination with BG plc — would be about $33 billion, $2 billion less than in 2015 but 45% less for the combined companies’ spend in 2015. With thetie-up, about 10,000 staff and contractors are also expected to lose their jobs.
Earnings
Articles from Earnings
U.S. Rig Count to Remain ‘Frustratingly Flattish’ in 2016, Says Tudor
Earnings results for the leading oilfield services (OFS) operators begin Friday with Schlumberger Ltd. kicking it off, and the conference call comments may set the tone for what to expect in North America over the coming year.
January 20, 2016
MDU Resources Sells E&P Assets, Takes $224M Quarterly Impairment
Bismarck, ND-based MDU Resources confirmed Monday that it is selling its exploration and production (E&P) business in five separate deals, one of which closed last month. Proceeds and tax benefits add up to about $450 million.
November 3, 2015
ExxonMobil Profits Down by Half, Chevron’s Tumble 90% in Grim Quarterlies
ExxonMobil Corp. and Chevron Corp., the largest natural gas and oil producers in the United States, posted their worst quarterly performances in years following the extended decline in commodity prices, signaling what is looking like a prolonged downturn across the sector.
July 31, 2015
Smattering of E&P Resurgence in U.S. Onshore, But Only in ‘Best Stuff’
A few onshore explorers have signaled they plan to ramp up in a few select locations in the next couple of months, but that's the exception rather than the rule, with more pain for the sector still to come, an analyst said this week.
June 26, 2015
Smattering of E&P Resurgence in U.S. Onshore, But Only in ‘Best Stuff’
A few onshore explorers have signaled they plan to ramp up in a few select locations in the next couple of months, but that’s the exception rather than the rule, with more pain for the sector still to come, an analyst said this week.
June 26, 2015
Low Commodity Prices, Shut-Ins Dent NFG Profits
National Fuel Gas Co. (NFG) saw its earnings and revenue fall steeply in the second quarter 2015 fiscal year, mainly as a result of low commodity prices that prompted its upstream segment, Seneca Resources Corp., to shut in 13.5 Bcfe of Marcellus Shale production in Pennsylvania.
May 1, 2015
Low Commodity Prices, Shut-Ins Dent NFG Profits
National Fuel Gas Co. (NFG) saw its earnings and revenue fall steeply in the second quarter 2015 fiscal year, mainly as a result of low commodity prices that prompted its upstream segment, Seneca Resources Corp., to shut in 13.5 Bcfe of Marcellus Shale production in Pennsylvania.
May 1, 2015
Anadarko Records Big Loss, Sets Aside Funds for Tronox Litigation
Record natural gas and oil sales volumes failed to prevent Anadarko Petroleum Corp. from suffering a huge loss in the final quarter of 2013 as it set aside funds to pay for as much as $5.2 billion in litigation claims related to its acquisition of Kerr-McGee Corp. in 2006.
February 4, 2014
Shell CEO Says 2013 Performance ‘Not What I Expect’
For the first time in 10 years, Royal Dutch Shell plc has issued a profit warning, indicating on Friday that its fourth quarter earnings would be significantly lower, in part because of the commodity price environment.
January 17, 2014
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