Aramco Announces $42.4B Net Income in Q3 2022
Aramco announced its Q3 performance for 2022, stating that it has made a $42.4 billion net income in Q3 2022, compared to $30.4 billion in Q3 2021.
News / International
QatarEnergy Selects ConocoPhillips to be Partner in NFS
QatarEnergy announced that it has selected ConocoPhillips to be its third and final international partner in the North Field South (NFS) expansion project, which comprises two LNG mega trains with a combined capacity of 16 million tons per annum (MTPA).
ExxonMobil Makes Profits of $19.7B for Q3 2022
Exxon Mobil Corporation reported earnings of $19.7 billion for the third quarter of 2022, or $4.68 per share assuming dilution. The third-quarter results included one-time advantages from tax and other reserve adjustments as well as net favorable identified items of over $1 billion related to the completion of the XTO Energy Canada and Romania Upstream subsidiary divestments, which were partially offset by impairments.
Baker Hughes Announces Increased Quarterly Dividend and Upsized Share Repurchase Authorization
Baker Hughes declared that the Baker Hughes Board of Directors declared an increased quarterly cash dividend of $0.19 per share of Class A common stock payable on November 18, 2022, to holders of record on November 7, 2022. The dividend increase represents a 5.5% growth rate, or $.01, above the payout from the prior quarter.
Shell Makes $9.5B in Profits, Plans to Increase Dividend
Shell reported third-quarter profits of up to $9.45 billion, easing from the previous quarter's record high due to lower refining and gas trading, as it declared plans to dramatically increase its dividend by year end when its CEO departs, Reuters reported.
TotalEnergies Achieves Profits of $9.9B in Q3
TotalEnergies reported a substantial increase in net profit for the third quarter compared to the same period last year, joining other energy titans in the sector in benefiting from higher oil and gas prices, albeit it also recorded a new impairment relating to Russia.
QatarEnergy Agrees to Offtake, Market 70% of LNG Produced by Golden Pass
Affiliates of QatarEnergy and ExxonMobil have committed to independently offtake and market their respective proportionate equity shares of LNG produced by the Golden Pass LNG Export Project located in Sabine Pass, Texas in the United States of America (“Golden Pass LNG”). According to the contract, 70% of the LNG generated by Golden Pass LNG will be offtaken, transported, and traded by QatarEnergy Trading LLC, a fully owned subsidiary of QatarEnergy.
ExxonMobil Announces Two New Guyana Discoveries
ExxonMobil announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore of Guyana, which will be a significant contribution to the company's extensive portfolio.
TotalEnergies Achieves 500 MW of Onsite B2B Solar Distributed Generation
TotalEnergies declared that it reached the milestone of 500 MW of onsite B2B solar distributed generation in operation. In Asia, the Middle East, Europe, and the US, solar panels have been installed in more than 300 locations owned by its industrial and commercial clients.
