TAQA maintains profitable run in ‘most productive’ year
TAQA continued its run of bumper profits in the third quarter, driven again by outperformance from its oil and gas arm.
Q3 2022 results
ConocoPhillips doubles buyback to $45bn amid steady run of bumper results
ConocoPhillips (NYSE:COP) matched the record performance amongst its energy major peers, announcing $7.4billion in quarterly profits, a near-doubling of its buyback programme and boosted dividends to shareholders.
Profits and day rates on the rise as Valaris looks to ‘sustained upcycle’
Drilling rig operator Valaris (NYSE: VAL) reported a profitable Q3, as revenues and day rates increased across the board on the back of a renewed focus on energy security.
Eni profit beats estimates despite falling oil price, output
Eni's profit remained strong in the third quarter, beating estimates despite a decline in oil and gas prices.
Equinor hikes dividend following record quarter
Equinor (OSLO:EQNR) joined peers in reporting record third-quarter results and announcing a hike to its dividend on the back of soaring gas prices and boosted supplies to Europe.
TechnipFMC profits rise on ‘record’ subsea orders
TechnipFMC (PAR:FTI) continues its profitable run, reporting steady revenue and a record subsea orderbook. It will now look to offshore and Middle East oil and gas projects to drive performance in the coming years.
Shell earnings slide on Q2 amid lower crude, higher gas prices
Shell (LON:SHEL) reported quarterly results below the bumper levels of the last quarter, but said it would hike its dividend and launch another $4 billion buyback programme.
Noreco cites ‘outperformance’ in Q3 despite minor loss
Norwegian Energy Company (Noreco) cited strong operational and financial performance during the quarter, despite setbacks to its flagship Tyra project.
Big Oil’s second-biggest profit haul poses ‘awkward’ problem
Big Oil’s run of record profit will suffer only a minor dent for the third quarter, even as the global economy shows signs of cracking under the pressure of rising inflation and interest rates.
Var Energi posts Q3 profits of £1bn, revises Balder X schedule
Norwegian operator Var Energi (OSLO: VAR) has posted pre-tax profits of £1 billion for the third quarter of the year.
Tendering activity remains at a ‘record high’ for Aker Solutions
Aker Solutions (OSLO: AKSO) is toasting a “good performance” in the third quarter after posting pre-tax profits of £38 million.
Schlumberger profits rise to seven-year high on ‘constructive’ energy fundamentals
Schlumberger (NYSE:SLB) reported pre-tax profits of $907 million for Q3 2022, a 64% improvement on the same period last year and its highest quarterly result since 2015.