Siemens Energy sees long way to profit after government deal
Siemens Energy has seen success in 70% of businesses in the fourth quarter as its wind company continues to struggle.
Q3 results
Danish wind turbine manufacturer Vestas returns to profitability in Q3 results
Danish wind turbine manufacturer Vestas (DKK: VWS) has announced a return to profitability as it released its 2023 third quarter results.
BP achieves $3.29 billion profit in third quarter results
Energy giant BP (LON: BP) has unveiled its third quarter results, reporting underlying replacement costs profits of $3.29 billion (£2.7bn).
BP to pay $2.5 billion in North Sea taxes as Q3 profits surge
BP (LON: BP) has said it will pay $2.5 billion (£2.1bn) in tax during 2022 for its UK North Sea business as it reports a whopping surge in profits for Q3.
Technip Energies announces profits of £116m in Q3 results
Engineering giant Technip Energies (Paris:TE) has published its Q3 results, reporting pre-tax profits of €133 million (£116m).
Shell warns of drop in Q3 profits as refining margins decline
Shell (LON: SHEL) expects a dip in third quarter profits as a decrease in refining margins takes effect.
Wind turbine maker Siemens Gamesa cuts earnings outlook again
Siemens Gamesa Renewable Energy delivered another cut to its earnings forecast, the latest sign of the headwinds hurting an industry vital to combat global warming and solve the energy crisis.
ConocoPhillips becomes Permian’s no. 2 producer after Shell deal
ConocoPhillips’s purchase of Royal Dutch Shell Plc’s Permian assets will make it the second-largest producer in the world’s top shale basin, according to data from Enverus.
Chevron lifts share buyback while holding down 2022 spending
Chevron Corp. boosted its planned share buyback to as much as $5 billion per year, as the oil giant uses higher commodities prices to step up returns to investors rather than investing in production growth.
Ithaca Energy posts £187m profit in Q3 results
North Sea-focused E&P company Ithaca Energy said it made $249m (£187m) in pre-tax profits during the quarter, with higher commodity prices offsetting production shutdowns.
Seadrill wins new contracts ahead of bankruptcy close-out
Offshore driller Seadrill has confirmed a series of contract wins in recent months, buoying prospects as it approaches the end of its bankruptcy proceedings.
Archer posts £5.6m loss in Q3
Oilfield services firm Archer has posted a pre-tax loss of around £5.6 million for the third quarter of 2021, as COVID continues to impact operations.
Funding growth for energy transition ‘not a problem’ for BP, says CEO
BP (LON: BP) chief executive Bernard Looney said today that the company will have no problem in funding the growth needed to fuel the transition.
‘Good quarter’ for BP as company is buoyed by rising commodity prices
BP’s (LON: BP) chief executive has hailed “another good quarter” for the oil and gas giant, in no small part due to the spike in commodity prices.
‘We were told that we were not welcome’: Shell boss confirms no presence at COP26
Answering questions on its Q3 results, Shell chief executive Ben van Beurden said the energy giant won’t be attending the global climate event.
Big Oil is about to post highest cash flow in more than 13 years
The Western world’s biggest oil companies likely just generated more cash than at any time since the Great Recession, and investors are about to find out what they’ll do with it.
Halliburton results show ‘effectiveness’ of strategy as company reports profits of £596m
Halliburton’s chief executive has praised the “effectiveness” of its “strategy and execution” after the company reported a healthy balance sheet.
ConocoPhillips loses $450m in third quarter
ConocoPhillips lost $450 million in the third quarter as low crude prices and reduced production during the coronavirus pandemic continued to take a toll on the company's bottom line.
Equinor on track with plans to reduce operating costs, stays firmly rooted in the red
Equinor is on track with plans to reduce its operating costs by $700 million as part of its “forceful response” to combat “market turmoil”, according to its latest accounts.