Drilling rig operator Seadrill vowed to continue its focus on the floating segment after a profitable second quarter in which it completed its purchase of Aquadrill.
Equinor’s year-on-year takings have been trimmed in half in what is likely to be a common theme amongst the world’s oil and gas giants in the coming days.
Shell reported steady performance ahead of its Q2 results, though expects “significantly less” trading revenues from its gas unit and slim profitability for its renewables business.
Exxon Mobil Corp. (NYSE: XOM) said lower natural gas prices and refining margins will reduce second-quarter earnings by about $4 billion compared with the previous three months.
