Search results for: 2q

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  • 29 July 2016
    Business & Finance

    Oil producer ExxonMobil has informed that the company’s earnings during the second quarter of 2016 plunged by 59 percent, compared to the same period in 2015, hit by sharply lower commodity prices.  The company on Friday posted estimated second quarter 2016 earnings of $1.7 billion, compared with $4.2 billion a year earlier. Revenues during the […]

  • 26 July 2018
    Business & Finance

    Polarcus managed to cut its loss in the second quarter 2018 when compared to the same period last year.

  • 27 July 2017
    Business & Finance

    French oil major Total posted lower profit for the second quarter of the year despite increase in production and revenues as it looks to further cut costs.  The company recorded a net income for the second quarter 2017 of $2.03 billion, a decrease when compared to the second quarter of 2016 and net income of […]

  • 4 August 2017
    Business & Finance

    Seismic services player Polarcus posted a bigger loss for the second quarter 2017 period compared to a year ago while recording a little over half the revenues it booked last year.  The Oslo-listed geophysical company on Friday posted a net loss of $33.7 million for this  year’s second quarter as opposed to a $11.2 million […]

  • 2 August 2017
    Business & Finance

    Swedish oil company Lundin Petroleum went from red to black ink for the second quarter 2017 after more than doubling its revenues helped by bigger output. Lundin also revised its full year production guidance for the second time.  According to its financial report on Wednesday, the company’s net result for the second quarter of the […]

  • 27 July 2017
    Business & Finance

    Recently-formed energy services provider TechnipFMC on Thursday recorded an increase in profit for the second quarter of 2017 despite lower revenues.  The company, formed in early 2017 through a merger of French Technip and U.S. FMC Technologies, recorded a profit of $164.9 million for the second quarter 2017, an increase from a $55.2 million profit […]

  • 5 August 2016
    Business & Finance

    Norwegian provider of multi-client geoscience data to oil and gas companies, TGS, posted a drop in profit and revenues for the second quarter of the year but expects improvement in the longer term as the demand-supply balance continues to tighten. The multi-client company on Thursday reported a net income of $16.8 million for the second quarter […]

  • 3 August 2017
    Business & Finance, Exploration & Production

    Offshore driller Transocean posted a net loss of $1,69 billion for the second quarter of 2017, compared to a net income of $82 million in the second quarter of 2016, dragged down by jack-up fleet impairment. Revenues were $751 million, down from $940 million a year ago. Second quarter 2017 results included net unfavorable items […]

  • 27 July 2016
    Business & Finance

    U.S.-based oil and natural gas exploration and production company Anadarko Petroleum Corporation swung to a loss in the second quarter of 2016 compared to a profit in the prior-year second quarter.  The company on Tuesday reported a loss of $692 million for the second quarter 2016, as opposed to a profit of $61 million in […]

  • 28 July 2016
    Business & Finance

    French oil company Total said on Thursday that its second quarter profit dropped by 30 percent when compared to the same period last year.  Namely, the company reported a net income of $2.09 billion in 2Q 2016, compared to $2.97 billion for the corresponding period in 2015. Total’s hydrocarbon production was 2,424 thousand barrels of […]

  • 24 July 2017
    Business & Finance

    Halliburton, one of the world’s largest oilfield services providers, returned to profit in the second quarter 2017 from a significant loss recorded in the last year’s second quarter. In its report on Monday, the oilfield services giant posted a profit of $28 million compared to $3.2 billion loss in the corresponding period of 2016 when […]

  • 2 August 2017
    Exploration & Production

    U.S. offshore driller Rowan Companies sank to a loss during this year’s second quarter with its revenues nearly halved during the period.  The driller on Wednesday reported a net loss of $28.7 million for the second quarter of 2017 compared to net income of $216.7 million in the second quarter of 2016. The net loss for the current quarter […]

  • 28 July 2017
    Business & Finance

    Houston-based oil and gas services company Weatherford tightened its net loss for the year’s 2Q while expecting medium-for-longer oil price level to remain for some time.  The company on Friday reported a net loss of $171 million, compared to $565 million loss in the second quarter of the prior year. On a non-GAAP basis, net loss was […]

  • 27 July 2017
    Business & Finance

    Ensco, one of the world’s largest drilling contractors, posted a $45.6 million net loss for the second quarter 2017, a steep drop compared to the $590.6 million profit in the same quarter a year ago. Revenues in the second quarter of 2017 were $458 million, compared to $910 million a year ago. Excluding $205 million of […]

  • 18 August 2017
    Business & Finance

    Norwegian marine seismic data provider SeaBird Exploration sank from a profit to a loss during the second quarter of the year amid weak seismic market demand. SeaBird is in urgent need of capital, otherwise it might be facing liquidation. During what the company says was a challenging quarter, SeaBird recorded a loss of $11 million compared to […]

  • 28 July 2016
    Business & Finance

    French oilfield services provider Technip returned to profit during the second quarter 2016, after a loss in the prior-year quarter, despite a 9.2 percent drop in revenues.  Technip on Thursday reported a net income of €123.3 million ($136.9M) for the second quarter 2016, compared to a loss of €306.7 million ($340.4M) in 2Q 2015. The […]

  • 29 July 2016
    Business & Finance

    American energy company Chevron on Friday reported a loss of $1.5 billion for the second quarter 2016, compared with earnings of $571 million in the year-ago period.  Chevron said that included in the quarter were impairments and other non-cash charges totaling $2.8 billion, partially offset by gains on asset sales of $420 million. Foreign currency effects increased […]

  • 25 July 2016
    Business & Finance

    Australian oil and gas producer Santos posted lower sales revenues for the second quarter of 2016, compared to the same period last year, and slashed its capex guidance for the year.  Santos said on Friday that the company’s sales revenues for the second quarter 2016 dropped by 3% to $590 million, compared to $611 million in […]

  • 25 July 2017
    Business & Finance

    U.S.-based oil and gas company Anadarko Petroleum Corporation narrowed its net loss for the second quarter 2017 and decided to reduce its spending for the year.  For the 2Q 2017, the oil company on Monday reported a net loss attributable to common stockholders of $415 million compared to $692 million loss in the prior-year period. The […]

  • 26 July 2017
    Business & Finance

    Independent energy company Hess Corporation recorded a bigger loss for this year’s second quarter compared to the one in the prior-year quarter.  Hess on Wednesday reported a net loss of $449 million for the second quarter of 2017 compared with a net loss of $392 million in the second quarter of 2016, reflecting a lower effective tax rate […]

  • 24 August 2017
    Exploration & Production

    Prosafe, an Oslo-listed owner of accommodation rigs also known as flotels, sank to a loss during the second quarter of 2017 as its revenues nearly halved due to lower utilization and chopped dayrates.  In its report on Wednesday, Prosafe posted a net loss for the second quarter 2017 of $33 million compared to a profit […]

  • 20 July 2015

    Halliburton Company, one of the world’s largest providers of products and services to the energy industry, has announced in its second quarter 2015 results that its net income dipped to $53 million in the second quarter from $775 million a year earlier.  The company said that its income from continuing operations for the second quarter of 2015 was $380 […]