Earnings | Egypt Oil & Gas

ExxonMobil Announces $7.9B of Earnings in Q2 2023

ExxonMobil Corporation announced achieving earnings of $7.9 billion in Q2 2023. Meanwhile, the company’s exploration expenditures and capital recorded $6.2 billion during Q2 and $12.5 billion for the first half of ...

Exxon to Spend $16- $19 billion on Investments in 2021

ExxonMobil announced in its business plan that it expects to spend $16-$19 billion in capital and exploration investments during 2021 in addition to $20 to $25 billion annually through 2025 to continue its investm ...

Petroneel Earns $7.5 M from Fueling Jets

The company further earned $7.6 million from fueling ships in the ports of Safaga, Hurghada, Nuweiba, Sharm El Sheikh, El Hamrawein, and Abu Tartur.

Schlumberger Earnings Fall by Half

Schlumberger ltd, the world’s largest oil services company, said that its Q3 earnings have fallen by 49%,

Shell Posts Weak Q2 Profit, Plans to Cut Jobs

European oil giant Royal Dutch Shell Thursday reported a sharp fall in its profit for the second quarter, hit by the plunge in oil and gas prices.

Massive Earnings Loss Makes BP Unattractive to Acquire

BP is less likely to be acquired following its $18.7 billion settlement over the 2010 Macondo oil spill, Chief Executive Officer Bob Dudley said on July 28.

Saipem Cuts Jobs Amid Q2 Losses

Saipem SpA, Italy’s biggest oil and gas contractor, will cut jobs and exit businesses as writedowns led to an unexpected loss and an earnings target reduction.

Shell and Exxon Beat Earnings Expectations Amid Low-Price Environment

The low oil prices that have been dogging the energy industry led to dramatically lower quarterly earnings for Royal Dutch Shell and Exxon Mobil, but the two giant companies did better than analysts had expected.

Major French Oil Company Total Reports Earnings; Drop in Profit

French oil major Total reported a smaller-than-expected 22 percent drop in first-quarter net profit on Tuesday, helped by rising refining margins and sharp growth in oil and gas production that partly offset lower cr ...

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