• 3 minutes UAE says four vessels subjected to 'sabotage' near Fujairah port
  • 6 minutes Why is Strait of Hormuz the World's Most Important Oil Artery
  • 8 minutes OPEC is no longer an Apex Predator
  • 12 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 13 hours Did Saudi Arabia pull a "Jussie Smollett" and fake an attack on themselves to justify indiscriminate bombing on Yemen city population ?
  • 12 hours "We cannot be relying on fossil fuels to burn as an energy source at all in our country" - Canadian NDP Political Leader
  • 13 hours Solar Industry Lays Claim To The 2020s; Kicks Off The Solar+ Decade
  • 8 hours China Downplays Chances For Trade Talks While U.S. Plays ‘Little Tricks’
  • 2 hours California Threatens Ban on ICE Cars
  • 34 mins Canada's Uncivil Oil War : 78% of Voters Cite *Energy* as the Top Issue
  • 18 hours U.S. and Turkey
  • 20 hours Iran v USA the perfect fire triangle
  • 11 hours Shell ‘to have commercial wind farms’ by early 2020s
  • 12 mins How can Trump 'own' a trade war?
  • 9 hours Get First Access To The Oilprice App!
  • 1 day DUG Rockies: Plenty Of Promise, Despite The Politics
  • 2 hours China, U.S. Hold 'Productive' Trade Talks In Beijing
Alt Text

Russia Hints At OPEC+ Deal Exit

Russian policymakers have shown themselves…

Alt Text

Can The Bull Run In Oil Markets Continue?

The market is currently trading…

Alt Text

Trade War Escalation Looms Large Over Oil Markets

The economic implications of the…

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

Trending Discussions

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…

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News