| |
 | Oilprice.com - oilprice.com |
| Supermajors Square Off For The Top Spot In Oil |
| Brent’s close to $65 a barrel and WTI is climbing closer and closer to $60—and analysts are rushing to make bullish forecasts for the fourth quarter of the year. Big Oil is preparing for an even better three-month period than Q3, when all supermajors beat profit expectations. Two of them stand out: Exxon and Shell.
It’s no secret that Shell has ambitions to overtake Exxon as the world’s number-one oil company in terms of value. It’s actually on track to beat Exxon on cash flow from operations foWednesday, November 8, 2017 |
|
| 24hgold |
| New Executive Appointment |
| Wednesday, July 26, 2017 |
|
| 24hGold - Associated Press |
| OIL Shell sees Q2 earnings fall 72 percent amid oil drop |
| LONDON (AP) -- Royal Dutch Shell said Thursday that second-quarter earnings fell 72 percent as low oil prices weigh on the profitability of the Anglo-Dutch energy giant.
Profit adjusted for changes in the value of inventories and excluding one-time items — a preferred industry measure for earnings — dropped to $1.05 billion from $3.76 billion in the same period of 2015, the company said. Net income fell 71 percent to $1.18 billion.
Oil companies are cutting coThursday, July 28, 2016 |
|
| 24hGold - Associated Press |
| Shell to cut more costs as a result of merger with BG Group |
| LONDON (AP) -- Energy company Royal Dutch Shell will cut more costs, more quickly than previously planned, as a result of its merger with BG Group Plc this year.
The Anglo Dutch company made the announcement Tuesday as it tried to assure investors that it could handle the debt that came with its $54 billion takeover. Critics have questioned the deal following a drop in oil prices.
"Integration is gathering pace, and today we expect to deliver more synergies, aTuesday, June 7, 2016 |
|
| 24hGold - Associated Press |
| OIL Oil industry cutting jobs, investment to offset lower prices |
| Oil companies are cutting investment, slashing jobs and selling off pipelines and other assets as crude prices plunge.
"It's going to be a very turbulent year for our industry," says BP CEO Bob Dudley.
The latest warnings came from Exxon Mobil, which reported Tuesday that fourth-quarter earnings fell 58 percent in the oil giant's weakest quarter since 2002. The results were even worse at BP, which posted a 91 percent decline in profit.
Those Tuesday, February 2, 2016 |
|
| 24hGold - Yahoo |
| Edited Transcript of APC earnings conference call or presentation 2-Feb-16 2:00pm GMT |
| THE WOODLANDS Feb 2, 2016 (Thomson StreetEvents) -- Edited Transcript of Anadarko Petroleum Corp earnings conference call or presentation Tuesday, February 2, 2016 at 2:00:00pm GMTTEXT version of Transcript================================================================================Corporate Participants================================================================================ * John Colglazier Anadarko Petroleum Corporation - IR * Al Walker Anadarko Petroleum CorporatioTuesday, February 2, 2016 |
|
| 24hGold - Yahoo |
| OIL Oil Gas Stock Roundup: Crude Slump Takes Toll on Chevron, BP's Q4 |
| It was a week where both oil and natural gas futures settled higher.With earnings remaining front and center, the major headlines came from Chevron Corp. CVX and BP plc’s BP fourth quarter underperformance. The dramatic fall in oil prices impacted the energy majors’ Dec quarter numbers, which missed analysts’ expectations.Overall, it was a pretty good week for the sector. West Texas Intermediate (WTI) crude futures rallied 4.4% to close at $33.62 per barrel, while natural gas prices soared 7.3% Tuesday, February 2, 2016 |
|
| 24hGold - Reuters |
| SP downgrades Shell to A+/A-1; keeps door open to further downgrade |
| Feb 1 (Reuters) - Credit ratings agency Standard and Poors on Monday downgraded oil major Royal Dutch Shell Plc to A+/A-1 from AA-/A-1+ and put its long-term credit rating on creditwatch negative citing sliding oil prices. S&P said Shell's one-notch downgrade, driven by weaker forecasts for its credit metrics over 2016-2018 and slower profit improvements, excluded the ratings impact of its BG Group Plc acquisition. Shell had said it was prepared for a downgrade asMonday, February 1, 2016 |
|
| 24hGold - Reuters |
| SP downgrades Shell to A+/A-1; keeps door open to further downgrade |
| Feb 1 (Reuters) - Credit ratings agency Standard and Poors on Monday downgraded oil major Royal Dutch Shell Plc to A+/A-1 from AA-/A-1+ and put its long-term credit rating on creditwatch negative citing sliding oil prices. S&P said Shell's one-notch downgrade, driven by weaker forecasts for its credit metrics over 2016-2018 and slower profit improvements, excluded the ratings impact of its BG Group Plc acquisition. Shell had said it was prepared for a downgrade asMonday, February 1, 2016 |
|
| 24hGold - Reuters |
| Shell shareholders approve $50 billion BG takeover |
| THE HAGUE (Reuters) - Royal Dutch Shell (RDSa.L) shareholders approved its $50 billion takeover of BG Group (BG.L) on Wednesday, clearing the last main hurdle to creating the biggest liquefied natural gas (LNG) trader in the world. BG shareholders are also expected to approve one of the biggest deals in the energy sector in the past decade at a meeting on Thursday, a vote that would allow the two oil and gas companies to merge on Feb. 15. Few investors have openly challWednesday, January 27, 2016 |
|
| 24hGold - Associated Press |
| Shell shareholders approve deal to buy UK rival BG |
| LONDON (AP) -- Royal Dutch Shell shareholders have overwhelmingly backed the 34 billion pound ($49 billion) bid to buy BG Group, despite a slide in oil prices that have had some critics wondering about the wisdom of the mega-deal. More than 80 percent of shareholders approved the move on Wednesday. The deal will boost Shell's oil and gas reserves by 25 percent and increase its presence in the fast-growing liquefied natural gas market. BG shareholders vote on theWednesday, January 27, 2016 |
|
| 24hGold - Associated Press |
| Shell expects 4th Q profits to drop at least 40 percent |
| LONDON (AP) -- Royal Dutch Shell expects its fourth quarter profits to drop at least 40 percent to between $1.6 billion and $1.9 billion after a sharp drop in crude oil prices, but underscored its determination to press ahead with the proposed mega-merger with BG Group plc.
The Anglo-Dutch energy giant said Wednesday it released the figures for shareholders ahead of a vote next week on the proposed combination, a 47-billion-pound ($69.7 billion) deal widely seen as an effort toWednesday, January 20, 2016 |
|
| 24hGold - Reuters |
| OIL Big oil to cut investment again in 2016 |
| LONDON (Reuters) - With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well below the $60 firms such as Total (TOTF.PA), Statoil (STO.OL) and BP (BP.L) need to balance their books, a level that has already been sharply reduced over the past 18 months. InternationaSunday, January 3, 2016 |
|
| 24hGold - Reuters |
| OIL Big oil to cut investment again in 2016 |
| LONDON (Reuters) - With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well below the $60 firms such as Total (TOTF.PA), Statoil (STO.OL) and BP (BP.L) need to balance their books, a level that has already been sharply reduced over the past 18 months. InternationaSunday, January 3, 2016 |
|
| 24hGold - Reuters |
| OIL Big oil to cut investment again in 2016 |
| LONDON (Reuters) - With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well below the $60 firms such as Total (TOTF.PA), Statoil (STO.OL) and BP (BP.L) need to balance their books, a level that has already been sharply reduced over the past 18 months. InternationaSunday, January 3, 2016 |
|
| 24hGold - Reuters |
| OIL Big oil to cut investment again in 2016 |
| LONDON (Reuters) - With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors. At around $37 a barrel, crude prices are well below the $60 firms such as Total (TOTF.PA), Statoil (STO.OL) and BP (BP.L) need to balance their books, a level that has already been sharply reduced over the past 18 months. InternationaSunday, January 3, 2016 |
|
| 24hGold - Yahoo |
| The Zacks Analyst Blog Highlights: Royal Dutch Shell, Chevron, Transocean, Eni and Enterprise Products Partners |
| For Immediate Release Chicago, IL – December 30, 2015 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. ETFs and stocks recently featured in the blog include Royal Dutch Shell plc ( RDS.A ), Chevron Corp. (CVX), Transocean Ltd. (RIG), Eni SpA (E) and Enterprise Products Partners L.P. ( EPD). Today, Zacks is promoting its ''Buy'' stock recommendationWednesday, December 30, 2015 |
|
| 24hGold - Yahoo |
| OIL Oil Gas Stock Roundup: Shell Cuts 2016 Budget, Chevron Axes 1200 Jobs |
| It was a week where both oil and natural gas prices rebounded from their multi-year lows.On the news front, Royal Dutch Shell plc RDS.A cut its investment budget for 2016 by $2 billion to $33 billion, while Chevron Corp. CVX has reportedly laid off more than 1,200 employees at its Gorgon Lake LNG project in Western Australia.Overall, it was a pretty good week for the sector. West Texas Intermediate (WTI) crude futures rallied 6% to close at $38.10 per barrel, while natural gas prices soared 15% Tuesday, December 29, 2015 |
|
| 24hGold - Yahoo |
| OIL Oil Gas Stock Roundup: Shell Cuts 2016 Budget, Chevron Axes 1200 Jobs |
| It was a week where both oil and natural gas prices rebounded from their multi-year lows.On the news front, Royal Dutch Shell plc RDS.A cut its investment budget for 2016 by $2 billion to $33 billion, while Chevron Corp. CVX has reportedly laid off more than 1,200 employees at its Gorgon Lake LNG project in Western Australia.Overall, it was a pretty good week for the sector. West Texas Intermediate (WTI) crude futures rallied 6% to close at $38.10 per barrel, while natural gas prices soared 15% Tuesday, December 29, 2015 |
|
| 24hGold - Yahoo |
| Shell Guides Down 2016 Capital Expenditure Budget by $2B |
| Royal Dutch Shell plc RDS.A is planning to slash its 2016 capital budget amid the persistent weak crude pricing environment. The oil major is on its way to acquire BG Group plc, a leading upstream energy player in the U.K. The acquisition is anticipated to close by early 2016.As per the prior guidance, the combined company was previously expected to invest $35 billion next year. However, Shell has lowered the budget by $2 billion to $33 billion. On top of that, the company reduced its 2015 budgeWednesday, December 23, 2015 |
|
|
