Articles Tagged "earnings"

Enbridge Increases Dividend by 15%; Announces 2011 Earnings Guidance

Enbridge Inc. (TSE:ENB,NYSE:ENB) announces a quarterly dividend of $0.49 per common share payable on March 1, 2011 to shareholders of record on February 15, 2011.

Suncor Energy reports 2010 third quarter results

Suncor Energy Inc. (TSE:SU) reports third quarter 2010 net earnings of $1.022 billion. The press release is quoted as saying: The increase in operating earnings was primarily due to additional upstream production and higher benchmark prices in the third quarter of 2010 compared to the third quarter of 2009. Higher benchmark prices were partially offset [...]

Crude oil headed for $71.55 a barrel

Crude oil fell on Tuesday, snapping four days of gains, on concern a U.S. government report will show stockpiles climbed from the highest level since September 1990. Crude oil for June delivery declined as much as 77 cents, or 1.4 per cent, to $53.70 a barrel in electronic trading on the New York Mercantile Exchange. Oil is up 21 per cent this year.

PetroChina reported fall in Q1 earnings

PetroChina Co Ltd, the world’s second-most valuable oil and gas producer after Exxon Mobil, posted a 36.2 percent drop in first-quarter earnings, its worst result in two years, as a steep dip in oil prices battered margins. For full story, click here

Suncor Energy declared to have released first quarter results

Suncor Energy Inc. declared that it has released a first quarter 2009 net loss of $189 million, compared to net earnings of $708 million in the first quarter of 2008. Rick George, president and chief executive officer, stated: If you back out the effects of accounting impacts from mark-to-market and foreign exchange losses, and the [...]

Nigeria’s crude oil earnings dipped by 50%

The Nigeria National Petroleum Corporation announced a shortfall in oil revenue from average 2.2 billion U.S dollars monthly recorded in 2008 to about 1 billion U.S dollars in January 2009. For full story, click here

Total reported fourth-quarter earnings

Europe’s third-largest oil company, reported fourth-quarter earnings that beat analyst estimates and pledged to maintain investment spending at a similar level to last year to revive production growth. For full story, click here

Vaalco Energy posts Q3 earnings

Vaalco Energy, Inc. posted Q3 earnings. The net income was $22.3 mn or $0.38 per diluted share compared to $8.8 mn or $0.15 per diluted share for the comparable period in 2007. Robert L. Gerry, III, Chairman & CEO, said: Vaalco ‘s strong third quarter results reflect higher oil prices and crude volumes, as well [...]