Profits | Egypt Oil & Gas - Part 2

BP Profits Drop to $0.8 B in Q1 2020

BP announced that it recorded a drop in its underlying replacement cost profit for Q1 2020 to $800 million, down from $2.4 billion in the same period in 2019.

Egypt Gas Net Profits Reach EGP 8.93 M in Q1 2019

Egypt Gas net profits reached EGP 8.927 million, after recording EGP 13.54 million losses during the same period in 2018.

SABIC Q4 Profits Decline Due to Low Prices

Saudi Basic Industries Corporation (SABIC), one of the largest chemical producers in the world, announced a decline in its profits for the Q4 of 2018 because of the drop in average selling prices.

Germany’s E.ON Propped Up Profits Thanks to Gazprom Deal

E.ON, Germany's largest utility, reported an 8% rise in first-quarter core earnings, after the group secured better gas prices from Russian supplier Gazprom.

Enppi Announces 19% Increase in Profits

Enppi's Chairman and CEO, Engineer Imam El-Said, announced that the company's profits have increased in 2015 by 19% to reach EGP 570m in comparison to the year before.

Chevron Cuts Capital Spending Plans for 2016-2018

US energy giant Chevron said it was further cutting spending plans for 2016-2018 to address low oil and natural gas prices that are hammering its profits. The company will also slash 10% of its workforce in 2016.

Nigeria to Boost Profitability in UAE as it Fights Oil Corruption at Home

Alpha Group of Companies Chairman/CEO Sheikh Mohamed Bayorh and senior executives from leading prominent companies in UAE welcomed the Nigerian Minister of State Petroleum Resources, Honorable Emmanuel Kachikwu this ...

Fears that Dana Gas Losses May Affect Egypt Investments

UAE-based Dana Gas announced a $7.6m loss in the third quarter of 2015. The company operates mostly in Egypt and Iraq.

Dana Gas Making Cutbacks After $9m Oil Prices Loses

The UAE’s Dana Gas reported third quarter gross revenue of $93m as compared to $174m and an overall net loss of $9m.

Oil Prices Force Taqa to Shift Gears

Abu Dhabi National Energy Company (Taqa) posted a net loss in the third-quarter as revenues were hit by weak oil prices.

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