Earnings | Egypt Oil & Gas - Part 2
Petroneel Earns $7.5 M from Fueling Jets
El-Neel Oil Marketing Company (Petroneel) has made a $7.5 million profit during 2018 from fueling jet planes, said Amr El-Kaaky, CEO of the company, Egypt Oil & Gas report. The company further earned $7.6 million ...
Schlumberger Earnings Fall by Half
Schlumberger ltd, the world’s largest oil services company, said that its Q3 earnings have fallen by 49%, reported the Wall Street Journal. The French multi-national firm has struggled in the low-price environment for...
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. Further, the company said separately that it plans to eliminate 6,500 ...
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. The has been much speculation in recent months that the Brit...
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. The company, controlled by Italian oil producer Eni SpA, ...
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. Rela...
