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Baker Hughes Profit Falls 9% from Q1 as Oilfield Services Demand Remains Tepid

2021-07-21 15:18:44| OGI

Oilfield services provider Baker Hughes Co. said on July 21 its adjusted profit fell 9% in the second quarter from the previous three months and it missed Wall Street estimates for earnings, as crude producers kept a tight lid on spending.

Tags: services remains falls demand

 

Ooredoo Group Q1 net profit falls 50% because of forex effects, revenue down 1%

2021-04-29 09:47:00| Telecompaper Headlines

(Telecompaper) Ooredoo Group said net profit declined by 50 percent to QAR 193 million in the first three months to 31 March compared with QAR 387 million in the...

Tags: net group down effects

 
 

Kinder Morgan Profit Falls as Pandemic Hits Energy Demand

2020-10-22 11:15:00| OGI

Market conditions are weighing on a number of planned expansion projects, Kinder Morgan said, adding that they were not needed at least in the near term.

Tags: energy hits falls kinder

 

Exxon Mobil Quarterly Profit Falls Despite Growing Permian Production

2020-01-31 14:35:52| OGI

Oil companies last quarter suffered from weaker prices for their products, and, in Exxon Mobil's case, it has been spending heavily to boost its oil output to reverse production declines.

Tags: production growing falls profit

 

Lenzing FY profit falls as firm writes off US engineering costs

2020-01-28 13:15:00| Daily apparel & textile news and comment - from just-style.com

Austrian cellulosic fibre producer Lenzing has reported a drop in its preliminary 2019 figures with both earnings and revenue affected by lower selling prices for standard viscose and the write-off of engineering costs related to its mothballed US lyocell expansion project.

Tags: us costs firm engineering

 

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