Second Quarter Highlights include: Reported second quarter revenues of $185.0 million and net income of $9.1 million; Reduced net leverage ratio to 1.18x as of June 30, 2022 from 1.40x as of March 31, 2022; Delivered second quarter Adjusted EBIT...
Increased Permian oil and gas production by approximately 130,000 oil-equivalent barrels per day and refining throughput by 180,000 barrels per day versus first half of 2021 to meet recovering product demand. Generated earnings of $17.9 billion an...
LONDON--(BUSINESS WIRE)--nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, reported second quarter 2022 financial results today through an earnings release posted on the company’s Investor Relat...
Reported earnings of $11.6 billion; adjusted earnings of $11.4 billion Cash flow from operations of $13.8 billion; free cash flow of $10.6 billion Completed acquisition of Renewable Energy Group, Inc. SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron ...
Exxon Mobil Corporation today announced estimated second-quarter 2022 earnings of $17.9 billion, or $4.21 per share assuming dilution. Second-quarter results included a favorable identified item of nearly $300 million associated with the sale of the Barnett Shale Upstream assets. Capital and exploration expenditures were $4.6...
Chevron Corporation (NYSE: CVX) today reported earnings of $11.6 billion ($5.95 per share - diluted) for second quarter 2022, compared with $3.1 billion ($1.60 per share - diluted) in second quarter 2021. Included in the current quarter were charges associated with an early contract termination of $600 million, pension settlement costs of $11 million,...
Global fuel prices are tumbling in recent weeks as the supply tightness that plagued the market and sent prices skyrocketing to fresh highs barely two months ago, has started unwinding. Slowing arbitrage flows to key import destinations and rising inventories in major storage hubs are...
Eni announces yet another significant gas discovery of 1-1.5 trillion cubic feet (TCF) of raw gas in place, in a deeper zone, in its first exploration well drilled in Offshore Block 2 Abu Dhabi, United Arab Emirates (UAE). This discovery follows the initial finding in a...
Eni has signed a new 6 billion Euro five-year Sustainability-Linked revolving credit line, linked to two targets of its "Sustainability-Linked Financing Framework" updated in May 2022. The margin of the new credit line is linked to the achievement of sustainability targets relating to Net Carbon Footprint...
Financial highlights of the second quarter of 2022 Group adjusted EBIT in the second quarter 2022 was €5.84 billion, up 13% q-o-q and more than doubling y-o-y driven by the favorable commodity price environment, strong refining margins and the focus on cost management and business operating...
The partnership between TotalEnergies and ADNOC has been further strengthened following the signing by ADNOC Distribution of an agreement to acquire a 50% stake in TotalEnergies Marketing Egypt LLC for a consideration of approximately $200 million. This new transaction follows the signing of the strategic...
HOUSTON--(BUSINESS WIRE)--In headline and first paragraph, number should read $160 million (instead of $161 million). Also, company name in last paragraph should read Paul Hastings LLP (instead of Paul Hasting LLP). The updated release reads: BROAD REACH POWER CLOSES $160 MILLION PROJECT FINANCING ON 18 BATTERY ENERGY...