Brazil’s state-run oil company Petrobras on Saturday reported its 1st quarter 2013 net income of 7.7 billion reais ($3.85 billion), a 17% drop when compared to 9.21 billion reais achieved in the same quarter of 2012 Operating profit reached R$ 9,849 million, up 72% on the previous quarter due to readjustments in the price of diesel and [...]
Brazil’s oil company Petrobras has reported that its net income for the 1st half of 2012 was 64% lower than a year ago primarily due to the impact of exchange rate depreciation on indebtedness and costs. Operating cash flow in terms of EBITDA, dropped 15%. In the second quarter of 2012, there was a loss [...]
Dril-Quip, a U.S. based company that designs, manufactures and sells drilling and production equipment today announced net income of $28.8 million, for the quarter ended March 31, 2012, compared to net income of $21.7 million for the first quarter of 2011. Total revenues were $177.1 million during the first quarter, 2012 compared to $137.7 million [...]
Petrobras today reported that its’ net income was R$33.313 billion (USD19.3 billion) in 2011, 5% down on the previous year. In Brazil, proved reserves reached 15.71 billion boe (barrels of oil equivalent) based on the ANP/SPE criterion. Oil and natural gas output averaged a daily record of 2,622,000 boe in 2011. In Brazil, the average [...]
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![Norway: Seadrill Posts Q2 Net Income of USD 645 Million]()
Seadrill today reported consolidated revenues for the second quarter 2011 of US$995 million compared to US$1,110 million for the first quarter 2011. The reduction is due to de-consolidation of Archer Limited from end of February. Highlights Seadrill generates second quarter 2011 EBITDA of US$579 million Seadrill reports second quarter 2011 net income of US$645 million [...]
![USA: VAALCO Posts Q2 Net Income of USD 11.8 Million]()
VAALCO Energy, Inc. today reported net income attributable to VAALCO of $11.8 million, or $0.20 per diluted share, for the second quarter of 2011 compared to a net income attributable to VAALCO of $10 million, or $0.18 per diluted share, for the comparable period in 2010. Second quarter 2011 revenues were $58.5 million compared to [...]
![USA: Dril-Quip Reports Q2 Net Income of USD 22.2 Million]()
Dril-Quip, Inc. today announced net income of $22.2 million, or $0.55 per diluted share, for the three months ended June 30, 2011, versus net income of $28.0 million, or $0.70 per diluted share, for the second quarter of 2010. Total revenues were $137.0 million for the quarter ended June 30, 2011 compared to $142.0 million [...]
![Switzerland: Transocean Posts Q2 Net Income of USD 155 million]()
Transocean Ltd. today reported net income attributable to controlling interest of $155 million, or $0.48 per diluted share, for the three months ended June 30, 2011. The results compare to net income attributable to controlling interest of $715 million, or $2.22 per diluted share, for the three months ended June 30, 2010. Revenues increased nine [...]
![USA: Marathon Oil Posts Q2 Net Income of USD 996 Million]()
Marathon Oil Corporation today reported second quarter 2011 net income of $996 million, or $1.39 per diluted share. Net income in the second quarter of 2010 was $709 million, or $1.00 per diluted share. On June 30, 2011, Marathon Oil completed the spin-off of its Refining, Marketing and Transportation business, now reported as discontinued [...]
![USA: Cameron Reports USD 148 Million Q2 Net Income]()
Cameron, a leading provider of flow equipment products, systems and services to worldwide oil, gas and process industries reported net income of $148.0 million, or $0.59 per diluted share, for the quarter ended June 30, 2011, compared with net income of $129.2 million, or $0.52 per diluted share, for the second quarter of 2010. The second [...]
