Chevron (CVX)

Chevron Inks $90 Billion Deal with Tokyo Electric

Tokyo Electric Power Company has signed a deal to buy 4.1 million tons of liquefied natural gas per year from Chevron Corp’s Wheatstone project off Western Australia for two decades.
Under the $90 billion deal, Tokyo Electric will also take a 15% stake in Chevron’s holdings in the project and an 11.25% stake in Wheatstone’s onshore processing facilities.

Dec 7 · 2:47:00 PM · Source: Business Spectator
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by Michael Oliveto

Devon Energy (DVN)

Devon Net Income Falls 81%, Beats Target

Devon Energy reported Q3 earnings of $1.13 per share on net income of $499 million versus $5.93 per share on net income of $2.6 billion in the year ago period.
"Year to date, Devon increased oil and gas production eight percent compared with 2008," commented President John Richels. "The performance of the company's oil and gas properties has continued to exceed our expectations throughout 2009."

Nov 4 · 3:59:00 PM · Source: Company News Release
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by Michael Oliveto

XTO Energy (XTO)

XTO Energy Q3 Profit Falls 4%

Oil company XTO Energy said third quarter earnings for the three months ended Sept. 30 dropped to $500 million, or 86 cents per share, from $521 million, or 94 cents per share, during the same period last year.

Nov 4 · 1:03:00 PM · Source: Company News Release
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by Larry Etter

Arch Coal Inc. (ACI)

Arch Coal said Friday that it had net earnings of $25.2 million, or 16 cents per share, compared with year-earlier earnings of $97.8 million, or 68 cents per share. The St. Louis-based coal company said revenue fell to $615 million from $769.5 million.
The down numbers still beat analyst estimates.

Oct 30 · 9:06:00 AM · Source: Company News Release
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by Larry Etter

Chevron (CVX)

Chevon Q3 Earnings Beat Estimates by Large Margin

Chevron Corp. said Friday its third-quarter earnings fell to $3.8 billion, or $1.92 a share, from $7.9 billion, or $3.85 a share, in the year-ago period. Total revenues fell to $46.6 billion from $78.9 billion.
Earnings topped Street views by big margin

Oct 30 · 8:53:00 AM · Source: Company News Release
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by Larry Etter

Exxon Mobil (XOM)

Exxon Earnings Fal 68%

ExxonMobil, the world's largest publicly-traded oil company, reported a profit of $4.73 billion, or 98 cents a share, down from $14.83 billion, or $2.85 a share, a year earlier. The prior year included a net $1.45 billion in gains. The company's revenue fell 40.3% to $82.3 billion.
Analysts had projected earnings of $1.03 a share on revenue of $85.16 billion.

Oct 29 · 10:51:00 AM · Source: Company News Release
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by Larry Etter

ConocoPhillips (COP)

ConocoPhillips Profits Fall

Conoco Phillips said its third quarter net income dropped 71% to $1.5 billion, or $1 a share, from $5.19 billion, or $3.39, a year earlier.
Results hampered by collapse in crude and natural-gas prices.

Oct 28 · 10:33:00 AM · Source: Company News Release
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by Larry Etter

Hess (HES)

Hess Earnings Down 55%

Oil producer Hess Corp. said it posted a third quarter profit of $341 million, or $1.05 a share, down 55% from $775 million, or $2.37 a share, a year earlier. The latest results included after-tax income of $101 million, mostly related to a resolution of a U.S. royalty dispute. Revenue dropped 35% to $7.38 billion.
Numbers exceeded Street expectations.

Oct 28 · 10:28:00 AM · Source: Company News Release
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by Larry Etter