Financial News · Live Terminal

Page 12 of 116

Chevron Q2 Adjusted Earnings, Revenue Rise

Chevron (CVX) reported Q2 adjusted earnings Friday of $6.06 per diluted share, up from $1.77 a year earlier.Analysts polled by FactSet expected $5.55.Revenue and other income for the quarter ended June 30 was $70.06 billion, compared with $44.82 billion a year earlier.Analysts surveyed by FactSet expected $62.72 billion.The company's shares were up 2.7% in premarket activity.

$CVX

Equities7d ago

Market Chatter: Ukraine Hits Lukoil's Oil Refinery in Russia's Volgograd Region

Ukrainian forces targeted Lukoil's (LKOH.ME) refinery in the Volgograd region of Russia, Bloomberg News reported Friday, citing a post on Telegram by Ukraine's Security Service.The social media post did not specify the level of damage caused by the attack, the news report said.Lukoil did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$LKOH.ME

Equities7d ago

Europa Oil & Gas Extends Deadline for Equatorial Guinea Farm-Out Deal with Fuhai Group New Energy Unit

Europa Oil & Gas (EOG.L) said Friday the longstop date for a farm-out agreement on a 40% interest in the EG-08 production sharing contract in offshore Equatorial Guinea was extended to Aug. 31.The deal was signed by the oil and gas explorer's associate Antler Global with Fuhai Group New Energy Holding subsidiary Fuhai (Beijing) Energy. The deal is still subject to outbound direct investment approval from the Beijing Municipal Development and Reform Commission.Upon completion of the farm-out agreement, Antler, which is 42.9%-owned by Europa Oil & Gas, will hold a 40% working interest in the EG-08 contract and remain as operator.

$EOG.L

Equities7d ago

Shell to Sell Cyprus Gas Field Unit to MOL Group for Up to $720 Million

Shell (SHEL) has agreed to sell its wholly owned subsidiary BG Cyprus to MOL Group for up to $720 million, subject to customary adjustments and milestone-linked contingent payments, the company said Friday.BG Cyprus holds a 35% non-operated interest in Cyprus Offshore Block 12, which contains the Aphrodite natural gas field. Upon closing, MOL will assume Shell's rights and obligations associated with the stake.The transaction is expected to close in early 2027, it added.

$SHEL

Equities7d ago

Dutch Court Dismisses Shell's Antitrust Damage Claim Against Clariant

Clariant (CLN.SW) said Friday a Dutch court dismissed oil giant Shell's (SHEL.L, SHELL.AS) damage claim over the specialty chemicals company's alleged infringement of competition law in 2020.The Amsterdam District Court in the Netherlands ruled on Wednesday that it found no proof that the information shared among buyers, including Clariant, led to market harm or altered pricing metrics.The court also released Clariant from another antitrust liability sought through Stichting Ethylene Claims.

$CLN.SW$SHEL.L$SHELL.AS

Equities7d ago

Market Chatter: Adnoc Unit Said to Buy Five Very Large Crude Carriers

Adnoc Logistics & Services (ADX:ADNOCLS), a unit of Abu Dhabi National Oil Co., recently acquired five very large crude carriers from Norway-listed tanker company Frontline (FRO.OL) for $590 million, Reuters reported Friday, citing three sources familiar with the matter.According to the report, the company bought three tankers built in 2015 for $120 million each and two 2012-built tankers for $115 million apieceAdnoc Logistics and Services toldit does not comment on rumors and speculations, saying it "continually reviews its fleet requirements and strategic growth opportunities."Frontline did not immediately respond to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

ADX:ADNOCLS$FRO.OL

Equities7d ago

BP Launches Sale Process for North Sea Business as Portfolio Overhaul Continues

BP (BP) said Friday it has launched a process to market its North Sea oil and gas business for a potential sale as part of its broader portfolio review.Chief Executive Meg O'Neill said the assets would be 'better positioned as part of another company'.

$BP

Equities7d ago

Shell to Sell Cyprus Gas Field Unit to MOL Group for Up to $720 Million

$SHEL

Equities8d ago

BP Launches Sale Process for North Sea Business

BP (BP.L) has begun marketing its North Sea business for a potential sale amid an ongoing portfolio review.The British oil and gas giant said Friday it will continue operating the business through the process.The portfolio comprises five production hubs, including two in the central North Sea and three west of Shetland.

$BP.L

Equities8d ago

Shell to Sell BG Cyprus to MOL Group in $720 Million Deal

Shell (SHEL.L, SHELL.AS) entered into a $720 million deal to sell its BG Cyprus subsidiary to Hungary-based oil and gas company MOL Group (MOL.BD).BG Cyprus owns a 35% non-operated interest in Block 12 offshore Cyprus, which covers the Aphrodite gas field in the eastern Mediterranean, according to a Friday statement. Chevron Cyprus and NewMed Energy hold the other 35% and 30% stakes, respectively.Completion of the sale is expected in early 2027, subject to closing conditions, including the approval of relevant regulators.

$MOL.BD$SHEL.L$SHELL.AS

Equities8d ago

DOF Group Extends Contracts for Two Pipelay Support Vessels

DOF Group (DOFG.OL) extended the contracts for its Skandi Buzios and Skandi Recife pipelay support vessels with Petróleo Brasileiro, or Petrobras, through January 2028.Skandi Buzios and Skandi Recife will continue to deliver services for 516 and 550 days, respectively, the offshore and subsea services company said Friday.The contracts were initially scheduled to expire in the third quarter.

$DOFG.OL

Equities8d ago

DOF Group Wins Contracts for Two Vessels

Offshore and subsea services provider DOF Group (DOFG.OL) won firm contracts for two of its AHTS vessels.Each contract is expected to be valued between $15 million and $25 million, according to a Thursday release.The contract duration is more than one year, with work expected to commence in the first quarter of 2027.

$DOFG.OL

Equities8d ago

Abu Dhabi-listed Borouge Logs Lower H1 Profit, Revenue

Borouge (ADX:BOROUGE) said Friday its profit and revenue for the first half fell year over year.Profit attributable to owners of the company for the six months ended June 30 was $344.2 million, compared with $470.5 million earlier. EPS moved to $0.01 from $0.02.The petrochemicals company's revenue was $2.58 billion, compared with $2.72 billion a year ago.Looking ahead, Borouge plans to maintain a dividend of 0.162 Emirati dirham per share for full-year 2026.

ADX:BOROUGE

Equities8d ago

Market Chatter: Lukoil Said to Shut Down Crude Distillation Unit After Ukraine's Drone Strike

Energy company Lukoil (LKOH.ME) shut down one of its crude distillation units following Ukraine's drone strike on its refinery in Perm, Russia, Reuters reported Thursday, citing two industry sources.Kyiv's attack caused a fire and damaged the facility's CDU-5 primary crude processing unit, which has a capacity of 12,930 metric tons per day and accounts for 34% of the plant's overall refining capacity, according to the sources.Lukoil did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$LKOH.ME

Equities8d ago

Update: Market Chatter: Exxon, Chevron Face Hurdles Trying to Tap Into Venezuelan Oil

(Updates with Exxon Mobil's response to a request for comment in the last paragraph.)Exxon Mobil (XOM), Chevron (CVX) and other big oil companies are vying for Venezuela's choicest drilling spots, but talks with Venezuelan officials have recently hit an impasse, preventing them from making big moves, The Wall Street Journal reported Thursday, citing people familiar with the matter.One key issue is that the major US oil companies are interested in many of the same oil fields, and they want to secure the most favorable regulatory and fiscal terms possible. In addition, last month's devastating earthquake delayed progress, the report said.Exxon declined to comment, while Chevron didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $154.62, Change: $-2.13, Percent Change: -1.36%

$CVX$XOM

Equities8d ago

Celanese Says Shell Unit's Damages Claim Dismissed by Amsterdam Court

Celanese (CE) said Thursday that the Amsterdam District Court dismissed the damages claim brought by Shell's (SHEL) Shell Chemicals Europe subsidiary.The court also dismissed a claim from Repsol-related entities seeking declaratory judgement of liability of Celanese and its co-defendants, Celanese said.The claims stemmed from a 2020 settlement with the European Commission regarding past ethylene purchases in North-Western Europe, according to the company.Shell did not immediately respond to' request for comment.Celanese shares were up more than 2% in Thursday trading.Price: $44.87, Change: $+0.94, Percent Change: +2.13%

$CE$SHEL

Equities8d ago

Update: Market Chatter: BP Plans to Cut 700 Jobs

(Updated with BP's response to a request for comment in the last paragraph.)BP (BP) intends to cut around 700 non-frontline jobs from its global workforce, Reuters reported Thursday, citing an internal email it viewed.The cuts would impact about 8% of the 8,500 non-frontline workers that were traditionally part of the company's production and operations business, the report said, citing the email.A company spokesperson toldvia email that the job cuts are part of the changes "intended to reduce complexity, improve accountability and support long-term performance in a changing market environment."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $43.50, Change: $+0.18, Percent Change: +0.42%

$BP

Equities8d ago

Update: BP Plans Job Cuts in Simplification Push

(Updates to add BP's statement)BP (BP.L) is proposing job cuts in a bid to reduce complexity and enhance accountability, a company spokesperson toldon Thursday."We are building a simpler, stronger, more valuable bp. As part of this process, we are proposing changes that would result in a reduction in roles," according to the oil giant.Reuters earlier reported, citing an internal email it saw, that BP plans to cut 700 jobs globally, or 8% of its 8,500 non-frontline workforce, which were historically part of its production and operations business. The changes are reportedly not expected to have any material impact on frontline positions.

$BP.L

Equities8d ago

Market Chatter: BP Plans to Cut 700 Jobs

BP (BP) intends to cut around 700 non-frontline jobs from its global workforce, Reuters reported Thursday, citing an internal email it viewed.The cuts would impact about 8% of the 8,500 non-frontline workers that were traditionally part of the company's production and operations business, the report said, citing the email.BP didn't immediately reply to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $43.51, Change: $+0.19, Percent Change: +0.43%

$BP

Equities8d ago

Market Chatter: BP Said to Slash 700 Non-frontline Jobs Globally

BP (BP.L) will reportedly cut 700 non-frontline jobs globally, or 8% of its 8,500 non-frontline workforce, Reuters wrote Thursday, citing an internal email it saw.The roles were historically part of the British oil major's production and operations business. The changes are not expected to have any material impact on frontline positions, according to the report.BP did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BP.L

Showing 221-240 of 2310