Category: Finance/Earnings

Noble Energy earnings down 23 percent

Exploration and production company Noble Energy saw its first quarter profits slide 23 percent but pointed to growing production domestically and abroad.  More »

Divestment campaigns struggle against stock market, profits

The divestment campaigns have had limited success, but it’s a movement that administrators are noticing.  More »

Halliburton posts $622M in first-quarter net income

Halliburton says it was profitable in the first-quarter after reporting a loss for the period a year ago.  More »

Baker Hughes profits up 23 percent

Oilfield servicer Baker Hughes reported a 22.8 percent increase in profits in the first quarter, citing efficiency gains and growing demand for its technology.  More »

Pipeline firms with high fees borrow to pay investors

Most businesses focus on profits. The energy infrastructure companies known as master limited partnerships are all about cash.  More »

Schlumberger boosts profit as oil explorers seek technology edge

Rising demand for more advanced oilfield technology to tap hard-to-reach crude around the world spurred a record first-quarter profit for Schlumberger Ltd.  More »

Executive pay drops as shareholder pressure rises on oil giants

Several of the largest U.S. energy companies cut into top-shelf executive pay last year as activist investors pushed them to shrink their oil empires and steer more capital to shareholder pockets.  More »

Panel: Private equity nearly saturated in upstream market

Private equity firms will continue to throw capital at U.S. independent producers despite tell-tale signs that the number of high-quality investment opportunities is shrinking, a panel of private equity investors said Wednesday.  More »

Private equity firm raises $5B for midstream, power investments

Energy Capital Partners, a private equity firm with a new office in Houston, has raised $5 billion to pump capital into power generation, gas pipeline and energy services companies.  More »

Gas boom creates chemical bond between Gulf Coast, foreign firms

Foreign companies are making big bets on the Gulf Coast petrochemical corridor, where capital investment is surging because of cheap U.S. natural gas, other lower costs and the existing industry infrastructure.  More »

As Russia stumbles, Gazprom comes up $910B short

In 2007, Gazprom aspired to be the world’s largest company, with an executive predicting its market value would quadruple to $1 trillion in as little as seven years. He was off by $910 billion.  More »

Gazprom stops courting US investors after Crimea crisis

The shift shows how the worst crisis in Russian relations with the U.S. and Europe since the Cold War is feeding into financial and economic relationships.  More »