Shell sets new record as annual profits more than double to $40bn
Shell (LON: SHEL) has hit a new all-time earnings high after the supermajor more than doubled its year-on-year profits.
full year results
Parkmead achieves record full year profits as it moves on North Sea prospects
Parkmead Group (LON: PMG) is toasting a set of “excellent” full year results, with bumper oil and gas prices driving the firm to record takings.
Plexus celebrates near quadrupling in full year revenue
Plexus is toasting a “number of positive milestones” after the firm published its preliminiary results for the year.
BP and Shell set to count their losses
North Sea oil and gas giants BP and Shell will sum up a torrid year for the industry globally in annual results this week.
Schlumberger reflects on ‘exceptional year’ of resilience after suffering losses of $11bn in 2020
Schlumberger’s chief executive has described 2020 as “an exceptional year of operational resilience” with the firm posting pre-tax losses of $11.2 billion (£8.3bn).
Baker Hughes rounds off ‘incredibly challenging’ 2020 with $15billion losses
Baker Hughes has closed out its “incredibly challenging” 2020 financial year with pre-tax losses of $15.2billion (£11bn).
Profit jump comes alongside revenue drop for Wood in 2019
Aberdeen-headquartered energy services firm Wood has reported a profit jump in its full year results for 2019.
Weak natural gas, LNG prices to put dent in Shell and BP full-year figures, analyst says
Weak natural gas and LNG prices will put a dent in the full year earnings of Shell and BP when the supermajors report their results in the next two weeks, an analyst has said.
Wood Group: M&A appetite is ‘undiminished’
Wood Group's appetite for mergers and acquisitions is "undiminished", according to company bosses.
Wood Group ‘well positioned’ for Permian play
The boss of Wood Group claims the oil and gas service giant is "well positioned" for the Permian play.
Chevron suffer losses of $2billion in 2016 amid oil downturn
Chevron suffered losses of more than $2billion last year as low oil prices continued to weigh on the US major’s balance sheet.
Wood Group reports earnings of $470million in 2015
Wood Group, the Aberdeen-based oilfield services firm, has reported earnings of $470million in 2015, down from $550 in 2014, saying its performance demonstrated resilience and flexibility in challenging markets.
Premier output surges by 43%
Premier oil's North Sea Huntington field, expected on stream at the end of the month, will add a further boost to the firm’s rising production figures.
Shell among Footsie fallers, Faroe Petroleum up
London's FTSE 100 Index slid below the 6,500 barrier today as disappointing US economic indicators sent world markets into the red.
Weir Group among biggest Footsie risers
The FTSE 100 Index closed above 6,500 for the first time since the start of 2008 today as the London market weathered fresh gloom from the eurozone.
Hunting and Weir shares among risers
London's leading shares index ended the week on a high note today amid hopes for a solution to the eurozone crisis and a resilient performance from the scandal-hit banking sector.
Shares rise at Wood and Hunting but Parkmead and Xcite fall
The FTSE 100 Index moved closer to the 6000 mark today after further evidence of a US recovery triggered gains of more than 1%.
Market comment: Engineering services in demand as sector remains buoyant
Amec's full-year results were almost exactly in line with consensus stock market forecasts for revenue, operating profits and earnings per share (EPS).
Weir Group among biggest risers but Melrose Resources down
Further signs of recovery in the US and renewed hopes of a bail-out for Greece helped boost world markets today.
BP could pay US £16.2bn to settle gulf oilspill charges
Energy giant BP is likely to agree to pay the US justice department up to £16.2billion to settle all charges linked to its Gulf of Mexico oil spill, says a top analyst.