Warren Buffett showed the energy industry his gloomy side in the second quarter. More »
Schlumberger is the third international oil field services company with Houston operations to warn that U.S. and European Union sanctions against Russian may start hurting profit. More »
NRG Energy Inc. suffered a $97 million in the second quarter, the company reported Thursday as it outlined plans to reorganize.
EOG Resources Inc. executives said Wednesday they’re optimistic about the prospects for the Second Bone Spring Sand, its latest target for drilling, which sits beneath the Leonard Shale in southeast New Mexico.
Second-quarter net income plunged by more than half compared to a year earlier even as the company cut spending and raised production. More »
Second-quarter profit for EOG Resources rose 7 percent, while crude and condensate production increased by a third year-over-year. More »
Rising shale oil production pushed Marathon Oil Corp.’s profits up 27 percent in the second quarter as the firm worked to improve its hydraulic fracturing in North America. More »
Pipeline operator Targa Resources says it will evaluate possible deals after a proposed merger fell through earlier this year, but officials wouldn’t say if it’s in active merger talks. More »
Global production slipped, however, to 2.55 million barrels per day of oil and gas from 2.58 million barrels per day last year More »
Apache Corp., the Houston-based exploration and production company, saw its profits fall 50 percent in the second quarter following a year in which it shed many of its assets. More »
Exxon Mobil Corp., the world’s largest energy company, fell after reporting worldwide oil and natural gas production declined to the lowest level in almost five years.
Surging U.S. oil production helped lift ConocoPhillips’ profit by 1.5 percent in the second quarter as the company reported significant increases in output from the Eagle Ford and Bakken shales. More »