Tag: Finances

Hedge funds: fully invested in oil or not? Kemp

Hedge funds: fully invested in oil or not? Kemp

Large concentration of hedge funds long positions introduced downside risk into short-term outlook for oil prices By John Kemp LONDON (Reuters) – Hedge funds amassed a record bullish position in crude oil futures and options by the end of last year, which helped drive crude prices sharply higher in the final six weeks of 2016. […]

By January 11, 2017 0 Comments Read More →
Baker Hughes sees big drop in 2015 North American revenue

Baker Hughes sees big drop in 2015 North American revenue

Baker Hughes revenue for 2015¬†was $15.7 billion, down $8.8 billion compared to$24.6 billion for 2014 HOUSTON, Texas – Baker Hughes, soon to be merged with oil services giant Halliburton, is reporting a profit despite the challenging global price environment, the company reported last week. “Our 2015 results are reflective of an extremely difficult and increasingly […]

By January 29, 2016 0 Comments Read More →
Halliburton revenue drops 28%  in Q4, 2016 to be ‘a tough year’

Halliburton revenue drops 28% in Q4, 2016 to be ‘a tough year’

Total Halliburton¬†annual revenue of $23.6 billion declined 28% year-over-year, moving ahead with Baker Hughes acquisition Economic headwinds affecting the global oil and gas industry took their toll on industry leader¬†Halliburton, but the company says it still managed to outperform industry averages. Halliburton has announced that income from continuing operations for the fourth quarter of 2015 […]

By January 25, 2016 0 Comments Read More →