Western Gas Partners LP’s second-quarter profit grew 16% as the energy company declared surging margins due to lower commodity costs, but revenue also slumped on slipping prices. For full story, click here
Independent oil and gas producer Devon Energy 2Q Corp. declared that its second-quarter profit slipped by 76 percent due to lower commodity prices, but still beat Wall Street expectations. For full story, click here
Oil and gas company Apache Corp. declared its second-quarter profit has plunged 69 percent, but strong production and better prices pushed results beyond Wall Street expectations. For full story, click here
Mangalore Refinery & Petrochemical, a subsidiary of Oil & Natural Gas Corporation, has posted a dip of 50.31 per cent in its net profit for the quarter ended 30 June, a steep hike over 50%. For full story, click here
The government, which will be earning close to $9 billion from RIL, as part of its profit share, is likely to intervene in the RIL vs Tycoons with a golden heart Mukesh’s street on plushest list RNRL case yet again, as the Bombay High Court order puts a huge question mark on its gas utilisation [...]
Piedmont Natural Gas Co Inc. declared a 10 percent surged in quarterly profit, as utility margins rose, and the energy services also company backed its full-year profit view. For full story, click here
Mangalore Refinery and Petrochemicals Ltd, a subsidiary Oil and Natural Gas Corporation, on Wednesday declared a 6.3 per cent dip in profit during 2008-09. For full story, click here
Natural Gas and Mining Project, Egypt’s largest publicly traded gas distributor, said full-year profit jumped 14 percent. The reason for the jump was not provided. For full story, click here
By Duncan Sutherland – Exclusive to Gas Investing News Market news The high US$6 – mid US$7 NYMEX future price seems to be relatively stable given the incredible volatility of other commodities and market indices. Though this stability is preventing gas investors from riding the same emotional rollercoaster that most other investors have boarded, it [...]
Shares of Exxon Mobil, floundered as it posted its Q3 income of $14.83 billion, shattering the U.S. record. Exxon Mobil’s investor relations, chief David Rosenthal, said: Our integrated business portfolio, strong operational performance and financial discipline continued to allow us to capture the benefits of the commodity price environment. Despite recent volatility in the financial, commodity and [...]
Get our independent commentary on gas trends and companies delivered to your inbox.
