2024 ‘off to a good start’ for Baker Hughes as earnings climb
With earnings before tax up 21% year-on-year chairman and chief executive of Baker Hughes, Lorenzo Simonelli, said "2024 has gotten off to a good start”.
Q1 results
Subsea 7’s backlog grows as it is ‘confident’ in cash generation this year
Subsea 7 (OSLO: SUBC) has announced its Q1 results, revealing a growing backlog in work since the beginning of the year.
Hurricane Energy announces £31.7 million revenue in Q1
The UK-based oil and gas firm, Hurricane Energy (LON: HUR), has announced revenues of £31.7 million in the first quarter of this year.
Neptune Energy more than trebles year-on-year Q1 profits
North Sea operator Neptune Energy almost quadrupled its quarterly takings year-on-year, driven by a resurgence in oil and gas.
Exxon triples share buybacks to $30 billion
Exxon Mobil tripled its share-buyback program to as much as $30 billion after profits surged amid Russia’s invasion of Ukraine and a rally in worldwide energy prices.
RWE ‘forging ahead’ with expansion despite ‘extreme weather’ impacting profits
RWE has pledged to forge ahead with its “transformation” and is planning to invest “billions of euros” in the expansion of its renewables portfolio.
CNR posts Q1 profits of £992m, expects to generate ‘significant’ cash flow in 2021
Canadian Natural Resources (CNR) made a strong financial start to the year despite the “daily challenge” of maintaining operations amid the pandemic.
Chevron posts bumper cash flow after oil rally meets cuts
Chevron generated the most free cash flow since the pandemic emerged as economies clawing their way out of more than a year of lockdowns and paralysis burn more fuel.
Orsted hit by £350m cable issues at offshore wind farms in UK and Europe
Ørsted is having to fork out millions of pounds in order to address cable issues at some of its offshore wind developments.
Shell drives up profits and slashes debt in ‘strong start’ for Q1
Shell hailed a “strong start” to 2021 as the oil giant reported a huge leap in profits and drove down debt levels in Q1.
Subsea 7 cautiously optimistic after posting ‘solid’ Q1 results
Subsea 7 has warned its future results may still be “adversely affected” by Covid-19 despite a “solid” financial showing to start the year.
Valaris losses hit $910million as driller seeks return from Chapter 11
Valaris has reported losses of $910million as one of the world’s largest offshore drillers hopes to soon re-emerge from bankruptcy.
Saipem’s ‘outlook good’ but sinks to red as offshore drilling assets take £228m write-down
Italian energy services firm Saipem said its outlook is “good” but the recent deterioration of the oil market sunk the company to a loss in the first quarter of the year.
Shell finance chief refuses to rule out further North Sea job losses
Shell's finance chief has refused to rule out further job losses in the North Sea as the oil giant announced its earnings had dropped by $4billion dollars in the first quarter of 2016.
Shell reports $4billion drop in earnings compared with 2015
Royal Dutch Shell’s first quarter 2016 earnings dropped to $0.8 billion compared with $4.8 billion for the same quarter a year ago.
BP gets shares lift as investors see better than expected results
BP raced ahead as investors cheered better-than-expected results despite the energy giant booking hefty losses caused by stubbornly low oil prices.