Category: Finance/Earnings

Moody’s forecasts post-restructuring Kinder Morgan debt rating

Kinder Morgan’s restructuring after a $44 billion buyout of its family companies will leave the new company just above an investment-grade debt rating, analysts Moody’s Investors Service said in a Monday report.  More »

Warren Buffett pulls back on oil company investments

Warren Buffett showed the energy industry his gloomy side in the second quarter.  More »

Schlumberger: Russian sanctions could affect profits

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 reports $97 million loss as it outlines reorganization

NRG Energy Inc. suffered a $97 million in the second quarter, the company reported Thursday as it outlined plans to reorganize.  More »

EOG touts its latest Permian play

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.  More »

Chesapeake profits down on natural gas glut

Second-quarter net income plunged by more than half compared to a year earlier even as the company cut spending and raised production.  More »

EOG reports rise in production and profit

Second-quarter profit for EOG Resources rose 7 percent, while crude and condensate production increased by a third year-over-year.  More »

Marathon Oil earnings up on U.S. oil output

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 »

Targa reports strong quarter, stays coy about merger potential

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 »

Chevron 2Q profit up on asset sales, oil prices

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 profits down 50 percent, announces plans to sell stake in two LNG projects

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 reports higher earnings, lower production

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.  More »
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