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ConocoPhillips Sinks to $1 Billion Loss on Weak Oil Price

2020-07-30 18:20:00| OGI

Shares in ConocoPhillips, the largest independent producer in the U.S. by market cap, fell sharply despite news it is gradually restoring oil production.

Tags: price loss oil billion


Apache Posts Smaller-than-expected Loss as Cost-cuts Pay Off

2020-07-30 11:00:00| OGI

Apache said it had now returned its curtailed volumes in the North Sea and Alpine High to production, along with a portion of shut in oil volumes elsewhere in the Permian Basin.

Tags: off posts pay loss


Shale Producer Concho Resources Second-quarter Loss Widens

2020-07-29 23:00:00| OGI

Midland, Texas-based Concho Resources' net loss widened to $435 million, or $2.23 per share, in the second quarter ended June 30, from $97 million, or 48 cents per share, a year earlier.

Tags: resources loss producer shale


Hess Posts Smaller-Than-Expected Loss on Higher Output, Lower Costs

2020-07-29 15:53:53| OGI

U.S. oil and gas producer Hess Corp. reported a smaller-than-expected quarterly loss on July 29, as higher output and lower costs helped offset a plunge in oil prices due to the coronavirus crisis, sending its shares 3% higher.

Tags: posts lower costs higher


Puma moves to H1 loss as virus hits sales

2020-07-29 14:54:00| Daily apparel & textile news and comment - from just-style.com

Puma has moved to a net loss for the first half of the year at negative EUR59.4m (US$69.6m) from a EUR144.1m profit a year earlier after sales were pummelled by the coronavirus pandemic.

Tags: sales loss hits virus


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