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Schlumberger Posts Quarterly Loss as Oil Rout Triggers $3.7 Billion Charge
2020-07-24 15:11:05| OGI
Oilfield services giant Schlumberger NV on July 24 reported its second straight quarterly loss after recording a $3.7 billion charge related to thousands of job cuts and a major pipeline outage in Ecuador.
Kinder Morgan Posts Quarterly Loss on $1 Billion Impairment Charge
2020-07-23 11:00:00| OGI
Kinder Morgan expects to start its Permian Highway Pipeline in Texas in early 2021 and the final three Elba Island LNG liquefaction plants this summer.
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Baker Hughes Posts Second-Straight Quarterly Loss as Oil Slump Slams Demand
2020-07-22 15:12:50| OGI
Oilfield services provider Baker Hughes Co. posted its second quarterly loss for the year on July 22 and warned it was preparing for longer volatility after a slump in oil prices crushed demand for its services.
Halliburton Posts Third Straight Quarterly Loss on Shale Slump
2020-07-20 14:44:15| OGI
Houston, Texas-based Halliburton reported a net loss of $1.7 billion, or $1.91 per share, in the second quarter ended June 30, compared with a profit of $75 million, or 9 cents per share, a year earlier.
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Huawei posts revenues up 13% in H1 after better Q2
2020-07-14 08:44:00| Telecompaper Headlines
(Telecompaper) Huawei announced revenues of CNY 454 billion for the first half of 2020, up 13.1 percent from a year earlier. The figures suggest a strong recovery in the second quarter, after the company earlier reported only 1.4 percent growth in Q1. The company said its net profit margin was 9.2 percent in the first half, compared to 7.3 percent reported for Q1.
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