Category: Finance/Earnings

Kirby Corp. grows onshore with hydraulic fracturing boom

Kirby Corp., a Houston-based barge shipping company, is growing its business on shore. Since hydraulic fracturing took off, Kirby has found a growing market for its diesel engine services division. The engines power hydraulic fracturing pumps, and demand has been rising in recent years.  More »

Enterprise Products posts higher profits in Q3

The Houston-based MLP reported higher fees in some sectors and an increase in crude volume moving through its pipelines.  More »

NOV CEO: Rig count may fall modestly in 2015

National Oilwell Varco saw higher demand for rig equipment and aftermarket services.  More »

ConocoPhillips considers spending cuts in face of falling oil prices

The largest independent said both production and profits rose in the third quarter, but warned it may begin to pull back its budgets in 2015 as prices fall.  More »

Shell says lower oil prices could affect pace in Permian

European oil giant Royal Dutch Shell saw its profits slide 4.6 percent in the third quarter as it began to feel the dip in crude oil prices.  More »

Shell Midstream surges in early trading

Shell’s midstream initial public offering took flight early Wednesday, gaining more than 40 percent shortly after trading started.  More »

Hess officials coy about what falling crude prices means for spending

On a week in which many executives have tried to downplay concerns about declining crude oil prices, the message provided one of the clearest pictures yet of how, exactly, the latest slide would affect earnings.  More »

Anadarko CEO: Lower oil prices could bring more acquisitions

A decline in oil prices may offer up discounts for key acquisitions in Colorado and elsewhere, Anadarko CEO Al Walker said.  More »

Hess profits increase 140 percent amid asset sale

Hess Corp.’s third quarter profits increased 140 percent to $1 billion, the New York-based exploration and production company announced, as the company enjoyed the proceeds of a massive asset sale.  More »

Anadarko profits jump on U.S. oil production

Anadarko Petroleum Corp.’s net income surged fivefold in the third quarter.  More »

BP CFO: $70 oil would threaten Big Oil projects

The Big Oil industry’s prized projects won’t face major cuts unless oil prices fall below $70 a barrel, BP’s chief financial officer told investors on Tuesday.  More »

PE firm Warburg Pincus raises $4B for energy investments

A private equity shop that lured the former U.S. Treasury Department chief to the firm last year has collected $4 billion for its first energy fund to pour cash into U.S. oil explorers and other companies.  More »
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