Dallas-based independent Pioneer Natural Resources Co. beat 4Q2004 Wall Street forecasts on higher oil and natural gas prices, and earnings jumped 78% compared with a year ago.
Earnings
Articles from Earnings
EOG Increases Earnings, Production, Reserves and Dividends
On a roll, EOG Resources, Inc. last Wednesday reported increased earnings, record production and added reserves for the fourth quarter and the year 2004 and announced a stock split and a 33% dividend increase.
EOG Increases Earnings, Production, Reserves and Dividends
On a roll, EOG Resources, Inc. Wednesday reported increased earnings, record production and added reserves for the fourth quarter and the year 2004 and announced a stock split and a 33% dividend increase.
Energen Adds 250 Bcfe of San Juan CBM Reserves for $273M
In its largest property purchase to date, Alabama utility and E&P company Energen Corp. said last week that it is buying about 250 Bcfe of proved San Juan Basin coalbed methane reserves for $273 million from an unnamed private company.
Royal Dutch/Shell to Take $330M Charge in Second Quarter
The embattled Royal Dutch/Shell Group said Thursday it will take a charge to earnings of about $330 million after tax in the second quarter and has sold its Midwest refined product pipeline system and storage assets in the United States for $530 million.
BP CEO Calls 4Q Production ‘Satisfactory,’ but ‘Not Spectacular’
Despite higher commodity prices and a contribution from Russian exploration, BP plc’s earnings fell flat in the final quarter of 2003, pulled down by a weak U.S. dollar and restructuring charges. Quarterly profit was $2.67 billion, up 1% above $2.64 billion reported a year ago, but below Wall Street’s forecast of $3.01 billion.
BP CEO Calls 4Q Production ‘Satisfactory,’ but ‘Not Spectacular’
Despite higher commodity prices and a contribution from Russian exploration, BP plc’s earnings fell flat in the final quarter of 2003, pulled down by a weak U.S. dollar and restructuring charges. Quarterly profit was $2.67 billion, up 1% above $2.64 billion reported a year ago, but below Wall Street’s forecast of $3.01 billion.
Mirant 3Q Earnings Show Continuing Financial Struggle
Mirant, which is in Chapter 11 bankruptcy, reported minimal financial improvements in the third quarter, including a $33 million net loss, or 8 cents/share, compared $41 million, 10 cents/share, in 3Q2002.
Southwest Securities Finds U.S. Production Declined 2.8% Sequentially, 4.2% Year-over-Year
A post-mortem of 3Q earnings suggests that U.S. natural gas production declined 2.8% sequentially and 4.2% year-over-year, according to a report issued on Monday by Southwest Securities.
Southwest Securities Finds U.S. Production Declined 2.8% Sequentially, 4.2% Year-over-Year
A post-mortem of 3Q earnings suggests that U.S. natural gas production declined 2.8% sequentially and 4.2% year-over-year, according to a report issued on Monday by Southwest Securities.