Archive for the ‘Companies’ Category

ConocoPhillips reported first-quarter 2019 earnings of $1.8 billion compared with first-quarter 2018 earnings of $900,000 million. Excluding special items, first-quarter adjusted earnings were $1.1 billion compared with first-quarter 2018 adjusted earn…

Exxon Mobil Corp. reported estimated first-quarter earnings of $2.4 billion, down from $4.7 billion a year earlier.

Chevron Corp. reported first-quarter earnings of $2.6 billion, down from $3.6 billion in first-quarter 2018 while its worldwide net oil-equivalent production was 3.04 million b/d in the quarter, an increase of 7% from 2.85 million b/d one year ago.

Occidental Petroleum Corp. has set forth terms of a deal to acquire Anadarko Petroleum Corp. that it calls “superior” to the recently-accepted proposal by Chevron Corp.

Murphy Oil Corp. has agreed to acquire from LLOG Exploration Offshore LLC and LLOG Bluewater Holdings LLC assets in 26 Gulf of Mexico blocks containing seven producing fields and four development projects with future start-ups in the Mississippi Canyon…

Northern Oil and Gas Inc., Minneapolis, has agreed to acquire from VEN Bakken LLC the company’s Williston basin assets for $165 million in cash, a $130 million 6% 3-year senior unsecured note due 2022, and some 5.6 million shares of Northern common sto…

Chrysaor E&P Ltd. has agreed to purchase the United Kingdom oil and gas business of ConocoPhillips for $2.675, increasing Chrysaor’s pro forma 2018 production to 177,000 boe/d to become one of the largest oil and gas producers in the UK North Sea.