Aramco announced on Tuesday a net income of $27.6 billion for the three months ending September 30, exceeding the company-provided median estimate of $26.9 billion. It also surpassed Citi's forecast of $26.3 billion in a research note issued in October.
Eni announced the closing for the sale to Hilcorp of 100% of the Nikaitchuq and Oooguruk assets owned in Alaska for a value of $1 billion.
Jereh Group and Petro Iraq for Oilfield Development Co., Ltd. have signed a development and production contract with Midland Oil Company of Iraq (MdOC) to jointly develop the Mansuriya gas field.
Petrofac has been awarded a multi-million-dollar contract by Bapco Upstream, known as Tatweer Petroleum, Bahrain Field Development Company W.L.L. to further enhance its production in Bahrain.
Kuwait Petroleum Corporation has signed a two-year agreement with Korea National Oil Corporation (KNOC) for the storage of up to 4 million barrels of crude oil within KNOC’s storage facility located in Ulsan.
Chevron announced its third-quarter 2024 results, reporting earnings of $4.5 billion, or $2.48 per diluted share, a decrease from $6.5 billion, or $3.48 per diluted share, reported in the same period last year. Despite the lower earnings, Chevron's results surpassed analyst forecasts, which had projected a revenue of $48.99 billion and an EPS of $2.43.
ExxonMobil reported earnings of $1.92 per share for Q3 2024, surpassing analysts' expectations of $1.88 per share. Although their year-to-date earnings decreased to $26.1 billion from $28.4 billion last year due to lower refining margins and natural gas prices, they offset this decline with record high liquids production and increased high-value product sales.
Shell announced on Thursday a third-quarter profit of $6 billion, surpassing forecasts by 12% as robust liquefied natural gas (LNG) sales offset decline in oil refining and trading results.
TotalEnergies released its third quarter results of 2024, reporting $4.1 billion in adjusted net income, the lowest in three years due to weak refining margins and upstream outages.
Petrobras has commenced production operations at the FPSO Marechal Duque de Caxias (Mero 3) in the Mero field, located within the pre-salt Santos Basin, Brazil.
