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Tag Archives: earnings report

Chesapeake reports better-than-expected results

Chesapeake

OKLAHOMA CITY (AP) — Chesapeake Energy, the nation’s second largest natural gas driller, reported narrowed first-quarter losses Thursday and a $470 million sale of assets that could provide the company with a little more breathing room after nearly a decade of declining prices. Shares jumped 7 percent in early trading, as did shares of other major players in the sector, ...

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Anadarko Petroleum reports 1Q loss

Anadarko Petroleum reports 1Q loss

THE WOODLANDS, Texas (AP) — Anadarko Petroleum Corp. (APC) on Monday reported a loss of $1.03 billion in its first quarter. The company, based in The Woodlands, Texas, said it had a loss of $2.03 per share. Losses, adjusted for non-recurring costs and restructuring costs, came to $1.12 per share. The results beat Wall Street expectations. The average estimate of ...

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Valero Energy 1Q adjusted profit misses analysts’ estimates

Valero Energy 1Q adjusted profit misses analysts' estimates

SAN ANTONIO (AP) — Valero Energy’s first-quarter adjusted profit missed analysts’ estimates, as the oil refiner contended with lower product margins. Shares fell more than 2 percent before the market open on Tuesday. For the three months ended March 31, Valero Energy Corp. earned $495 million, or $1.05 per share. A year ago the San Antonio-based company earned $964 million, ...

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Chevron reports 1Q loss on pressure from low oil prices

Chevron reports 1Q loss on pressure from low oil prices

NEW YORK (AP) — Chevron Corp. on Friday reported a first-quarter loss as slumping oil prices continued to drag down revenue. The oil company lost $725 million, or 39 cents per share, compared with a $2.57 billion, or $1.37 per share, profit a year prior. The results did not meet Wall Street expectations, but Chevron does not adjust its reported ...

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Delta Air Lines’ 1Q profit rises 27 percent to $946 million

Delta Air Lines' 1Q profit rises 27 percent to $946 million

DALLAS (AP) — Cheaper jet fuel continues to give airlines a lift, helping Delta boost its first-quarter earnings by 27 percent to $946 million. The airline spent one-third less on fuel than it did a year earlier, a savings of more than $700 million. That offset higher spending on labor, especially profit sharing for employees. The news was not entirely ...

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Layoffs to hit 10K in Shell-BG Group merger

Layoffs to hit 10K in Shell-BG Group merger

Royal Dutch Shell and BG Group will continue layoffs this year. The companies estimate a total of 10,000 employees and direct contractors will be let go, dating back to last year. The cuts come as the companies slash operating costs and try to extract synergies from their upcoming merger. In a preliminary four-quarter earnings report, Shell announced it reduced operating ...

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