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Marathon Oil Posts First Quarterly Profit Since COVID Outbreak

2021-05-05 22:30:00| OGI

The swing to profit in the first quarter also comes as Marathon Oil and other shale producers slashed spending and production last year.

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Pioneer Natural Resources More than Doubles Profit in First Quarter

2021-05-04 23:05:00| OGI

Pioneer Natural Resources, which operates in the Permian Basin in West Texas, said that its total output was 474,000 boe/d in the first quarter, compared with 364,000 boe/d of production in fourth-quarter 2020.

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ConocoPhillips Profit Surpass Expectations as Travel Demand Boosts Oil Prices

2021-05-04 16:03:24| OGI

ConocoPhillips said it sold its oil and gas for an average $45.36 per barrel during the quarter, 17% higher than the year-ago period.

Tags: travel prices oil demand

 

Diamondback Energy Tops Profit Estimates on Higher Crude Prices

2021-05-04 15:01:01| OGI

The company posted quarterly production of 307,422 barrels of oil equivalent per day (boe/d), 2.8% higher than the previous quarter.

Tags: prices higher energy profit

 

Chevrons Profit Drops on Weaker Refining Margins, Storm Hit

2021-04-30 15:20:59| OGI

Chevron reported a profit of $1.72 billion, or 90 cents per share, compared with $2.45 billion, or $1.31 per share, a year earlier.

Tags: hit profit storm drops

 

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