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Permian Producer Diamondback Energy Posts Third Straight Quarterly Loss

2020-11-02 22:35:00| OGI

Permian Basin producer Diamondback Energy Inc. said on Nov. 2 it would not focus on growing production till commodity prices recover, as it reported its third straight quarterly loss.

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Exxon Mobil Posts Third Straight Quarterly Loss While Chevron Reports Profit

2020-10-30 14:45:00| OGI

Oil companies last quarter continued to suffer from weak prices for their products, but rivals Chevron, Shell and BP also posted higher-than-expected results after deep cost cuts this year.

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ConocoPhillips Posts Smaller-than-expected Loss as Oil Prices Recover

2020-10-29 14:21:16| OGI

ConocoPhillips reported a loss of $500 million, or 42 cents per share, compared with third-quarter 2019 earnings of $3.1 billion, or $2.74 per share.

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Hess Posts Wider-than-expected Q3 Loss, Cuts Annual Production Forecast

2020-10-28 14:01:23| OGI

U.S. oil and gas producer Hess Corp. reported a wider-than-expected loss on Oct. 28 and slightly lowered its full year production forecast, as its operations were affected by hurricanes in the Gulf of Mexico and lower production in South East Asia.

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Liberty Oilfield Posts Quarterly Loss; Forecasts Frac Fleet Growth

2020-10-27 23:00:00| OGI

Liberty Oilfield Services reported a smaller-than-expected quarterly loss on Oct. 27 and forecast sequential growth in active frac fleets, as producers restore oil volumes, driven by an uptick in prices.

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