Energy Financial Archives Page 63 of 83 - The American Energy News

ConocoPhillips names new CFO, ‘realigns’ executive duties

Don Wallette, Jr. becomes new executive VP, Finance, Commercial and CFO Houston, Texas – ConocoPhillips (NYSE: COP) today announced the retirement of Jeff Sheets as executive VP and CFO, after more than 35 years service, and a “realignment” of executive leadership roles. The appointments are effective April 1, the company said in a press release. Sheets will remain in […]

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Questar says 2015 net income unchanged from previous year

Energy Financial

2015 adjusted earnings were $226.9 million, compared to 2014 net income of $226.5 million At a time when most exploration and production companies are reporting losses or diminished income, Salt Lake City-based Questar Corporation (NYSE:STR) on Thursday announced net income of $208.7 million for 2015. “We are very pleased that, in spite of an extraordinarily challenged

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Devon Energy reports 16% oil production increase in Q4 year over year

Energy Financial

Oil production from core assets increased 26%, driven by Delaware Basin and Rockies (USA), Jackfish 3 project (Canada) Devon Energy Corp. today announced core earnings of $319 million, or $0.77 per diluted share for Q4, and a 16 per cent increase in oil production compared to the same quarter in 2014. On a reported basis, due

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Oil prices, factory output up, stocks climbing

Energy Financial

Oil prices up after losses on Tuesday NEW YORK _ U.S. stocks are jumping as the price of oil climbs sharply, and they are on pace for their third gain in a row. Energy companies including Chevron are rising, and tech companies are posting big increases led by Microsoft and Facebook. KEEPING SCORE: The Dow

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Basic Energy Services sees slight improvement in January

Energy Financial

Drilling rig days for the month were 31 producing a rig utilization of 8 per cent, compared to 12 per cent and 74 per cent in Dec. 2015 and Jan. 2015 Fort Worth-based Basic Energy Services, Inc. says Jan. operating data improved over the month before despite sharply lower oil prices. On Friday, Basic Energy reported

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Oil prices rebound, banks rise: US stocks higher midday

Energy Financial

Oil prices make strong rebound Friday morning A strong rebound in oil prices and an encouraging report on retail sales helped lift the U.S. stock market in afternoon trading Friday, putting it on course for its first gain in a week. Financial and energy companies were among the biggest gainers. Oil was up more than

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Pioneer Natural Resources reports $623 million Q4 loss

Energy Financial

Pioneer Natural Resources expects to place approximately 230 horizontal wells producing in Spraberry/Wolfcamp during 2016 Pioneer Natural Resources Company today reported financial and operating results for the quarter ended December 31, 2015, and announced the Company’s capital program for 2016. “The performance from our Spraberry/Wolfcamp horizontal drilling program continues to be outstanding,” said Scott D. Sheffield, chairman and

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Blackstone Energy Partners ventures into offshore oil & gas drilling services

Energy Financial

Blackstone Energy Partners partnered with most of former executive management team from Pride International Blackstone Energy Partners today announced that it has formed Clarion Offshore Partners LLC , a new platform to provide strategic solutions to the offshore oil and gas drilling and services sector, with a financial commitment from private equity funds managed by Blackstone.

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Oil prices drop, steep losses in financial and technology send stocks lower Monday

Energy Financial

Oil prices, China slowdown put investors in selling mood Steep losses in financial, technology and other companies sent U.S. stocks sharply lower in afternoon trading Monday, pulling the Dow Jones industrial average down 400 points. The decline followed drops in Europe and set the market on course for its second big loss in a row.

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Shell Q4 profit down 44 per cent to $1.83 billion

Energy Financial

Shell Q4 results reported as the energy giant seals $52.4B takeover of BG Group LONDON _Royal Dutch Shell said fourth-quarter earnings tumbled 44 per cent as the collapse in oil prices took its toll on another global energy giant. Profit adjusted for changes in the value of inventories and one-time items dropped to $1.83 billion

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