Energy

Occidental Petroleum (NYSE:OXY) Q2 Adjusted Earnings, Revenue Decline

Occidental Petroleum (NYSE:OXY) reported Q2 adjusted diluted earnings  of $0.68 per share, down from $3.16 a year earlier. Analysts surveyed by Capital IQ expected $0.76. Revenue for the quarter ended June 30 was $6.73 billion, down from $10.74 billion a year earlier. Analysts polled by Capital IQ expected $6.74 billion.

Occidental Petroleum (NYSE:OXY) Q2 Adjusted Earnings, Revenue Decline Read Post »

Marathon Petroleum (NYSE:MPC) Q2 2023 Results

Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $2.2 billion, or $5.32 per diluted share, for the second quarter of 2023, compared with net income attributable to MPC of $5.9 billion, or $10.95 per diluted share, for the second quarter of 2022. The second quarter of 2023 adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) was $4.5 billion, compared with $9.1 billion for the second quarter of 2022. “Our second quarter results reflect continued execution against our strategic initiatives,” said President and Chief Executive Officer Michael J. Hennigan. “The business generated $4.0 billion of net cash provided by operating activities and we returned $3.4 billion through share repurchases and dividends during the quarter.”

Marathon Petroleum (NYSE:MPC) Q2 2023 Results Read Post »

Devon Energy (NYSE:DVN) Sets Record Oil Production in Q2, Expects To Sustain For Full Year

Devon Energy (NYSE:DVN) reported quarterly earnings of $1.18 per share, which beat the analyst consensus estimate of $1.17, a 54.44% decrease over earnings of $2.59 per share from last year. Devon also reported that oil production reached an all-time high of 323,000 barrels per day in the second quarter. The company expects to sustain production in the range of 643,000 to 663,000 Boe per day for the full-year 2023. Furthermore, operating cash flow totaled $1.4 billion in the second quarter, which funded all the company’s capital requirements. The result was $326 million of free cash flow for the quarter.

Devon Energy (NYSE:DVN) Sets Record Oil Production in Q2, Expects To Sustain For Full Year Read Post »

Chevron (NYSE:CVX) Q2 Adjusted Earnings, Revenue Decline

Chevron (NYSE:CVX) reported Q2 adjusted earnings Friday of $3.08 per diluted share, down from $5.82 a year earlier. Analysts polled by Capital IQ expected $2.98. Revenue for the quarter ended June 30 was $48.90 billion compared with $68.76 billion a year earlier. Analysts surveyed by Capital IQ estimated $48.00 billion. Chevron said its board declared a quarterly dividend of $1.51 per share, payable Sept. 11 to shareholders on record as of Aug. 18.

Chevron (NYSE:CVX) Q2 Adjusted Earnings, Revenue Decline Read Post »

Scroll to Top