Most of the top financial officers of oil and natural gas companies expect 2023 to bring increases to profitability as a result of post-Covid demand recovery and investors “warming to the industry,” according to a recent survey from BDO USA LLP. In the face of a potential economic downturn this year, energy companies are still…
Profits
Articles from Profits
Citing ‘Windfall of War’ and Record Profits, Biden Floats New Tax on Natural Gas, Oil Majors
Domestic crude production ticked lower last week along with demand, the U.S. Energy Information Administration (EIA) said Wednesday. The latest government snapshot followed President Biden’s assertion this week that energy majors are keeping a lid on output in order to maintain high oil and natural gas prices to bolster profits. Biden on Monday floated a…
November 4, 2022
Natural Gas Price Strength to Boost ExxonMobil’s 3Q Earnings Results
ExxonMobil is looking to report better-than-expected profits for the third quarter, lifted by stronger natural gas prices. The Irving, TX-based supermajor previewed the quarterly results In a Securities and Exchange Commission Form 8-K filing. The filing provides a “perspective regarding market and planned factors affecting 3Q2022,” relative to sequential results, the company said. “These factors…
October 10, 2022
Lower Natural Gas, Oil Prices Weighing on 3Q2019 Profits, Says ExxonMobil
A sequential decline in global natural gas and oil prices during 3Q2019 is expected to impact quarterly profits for ExxonMobil Corp.
October 2, 2019
Chesapeake Readies New Strategy with Growing Output
Chesapeake Energy Corp., with a new CEO leading the way, is beginning a new era for the company as well, moving away from spending to secure big leaseholds in the onshore to living within its cash flow.
August 2, 2013
Decision: Gas Producers Can Hold Marcellus Lease With Shallow Drilling
Natural gas producers don’t owe a duty to develop each and every “economically exploitable strata” under a landowner’s property, the Pennsylvania Superior Court ruled last month.
July 2, 2013
Hess Driven by Bakken, Encouraged by Utica
The Bakken Shale, Hess Corp.’s “principal engine of growth.” averaged 65,000 boe/d in the first three months of this year, an increase of 55% from a year ago, the CEO told investors on Wednesday.
April 26, 2013
Kinder Poised for LNG Exports
Kinder Morgan Inc. (KMI) subsidiaries propelled the midstream giant to big profits during the first quarter of 2013, allowing it to raise the quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.
April 22, 2013
Kinder Morgan Subsidiaries Help Company Rake in 1Q Profits
Subsidiaries of Kinder Morgan Inc. (KMI) propelled the company to big profits during the first quarter of 2013, allowing it to raise its quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.
April 19, 2013
KMI Rakes in 1Q Profits, Offers Thoughts on LNG Exports
Subsidiaries of Kinder Morgan Inc. (KMI) propelled the company to big profits during the first quarter of 2013, allowing it to raise its quarterly dividend 19% and aligning it for more than $12 billion of expansion and joint venture (JV) projects across North America.
April 19, 2013
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