• 2 minutes California to ban gasoline for lawn mowers, chain saws, leaf blowers, off road equipment, etc.
  • 6 minutes China and India are both needing more coal and prices are now extremely high. They need maximum fossil fuel.
  • 11 minutes Europeans and Americans are beginning to see the results of depending on renewables.
  • 7 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 hours Monday 9/13 - "High Natural Gas Prices Today Will Send U.S. Production Soaring Next Year" by Irina Slav
  • 16 hours NordStream2
  • 4 hours US intel warns China could dominate advanced technologies By NOMAAN MERCHANT October 22, 2021
  • 3 days The Climate Scare Stories Began With Far Left Ideology Per GreenPeace Co-Founder
  • 2 days Biden Sets Target Of 50% EV Share In U.S. Car Sales In 2030
  • 8 hours Putin and Xi have decided not to attend the Climate Summit in Glasgow
  • 3 days Storage of gas cylinders
  • 3 days "The Hidden Story About California's Container Ship Backlog" via Corbett Report
Big Oil’s Exodus From Iraq Is Great News For Russia

Big Oil’s Exodus From Iraq Is Great News For Russia

As Western oil companies leave…

What ADNOC’s IPO Successes Mean For Middle East Oil

What ADNOC’s IPO Successes Mean For Middle East Oil

ADNOC’s recent drilling unit IPO…

Oil Prices Will Remain High For Years To Come

Oil Prices Will Remain High For Years To Come

Massive underinvestment and multi-year supply…

Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

The Top Oil & Gas Companies This Earnings Season

Volatile crude prices and weak refining margins led to lower earnings at all five oil supermajors in the first quarter of 2019, suggesting that Big Oil shouldn’t stay complacent several quarters after the industry emerged from one of the worst downturns in a generation.

Big Oil’s five majors—ExxonMobil, Chevron, BP, Total, and Shell—reported over the past two weeks a mixed bag of results for Q1. While net earnings at all companies were lower than last year’s first quarter on the back of lower average Brent Crude prices compared to Q1 2018 and weak refining margins that battered downstream earnings, some supermajors met and even exceeded analyst expectations thanks to strong trading profits and to their natural gas businesses.  

The European majors fared better than the U.S. firms Exxon and Chevron, and it was a European company that topped its rivals and analyst estimates, reporting the smallest yearly drop in profit in Q1, thanks to the liquefied natural gas (LNG) and trading divisions—Shell. 

The Q1 earnings season began with the U.S. supermajors reporting lower profits compared to a year ago, with earnings squeezed by weak refining margins and volatile oil prices and Exxon badly missing on both earnings and revenues.

Exxon’s upstream liquids production rose by 5 percent annually, driven by a nearly 140-percent jump in Permian unconventional growth. Yet, downstream operations were hit by heavier…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News