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Akshara P

Noble Energy gives in to Permian and transport challenges, shares fall

Aug 03 2018

Noble Energy Inc said on Friday it would shift some investments outside of the Permian Basin and cut back on planned well completions as the company adjusts to ongoing transportation bottlenecks plaguing U.S. oil companies.

HollyFrontier misses profit estimates hurt by outage

Aug 02 2018

U.S. oil refiner HollyFrontier Corp's quarterly profit missed analysts' estimates on Thursday, hurt by an outage that increased operating costs and cut refining volumes sending its shares down as much as 11.8 percent in early trade.

Shopify shares fall as merchandising volume growth slows

Jul 31 2018

Canada's Shopify Inc reported another quarter of slowing growth in a key metric that overshadowed a surprise adjusted quarterly profit, sending the company's shares down about 6 percent.

Cenovus to hold back oil output on pipeline woes, Suncor weighs hit

Jul 26 2018

Canada's Cenovus Energy said on Thursday it would hold back on future oil production until pipeline bottlenecks have eased, while some of the country's top oil and gas producers ramped up output in the recent quarter in response to higher demand.

SandRidge approached by 17 suitors, Icahn says not to bid soon

Jun 15 2018

SandRidge Energy Inc said on Friday it had been approached by 17 potential bidders for a buyout, including billionaire Carl Icahn who is fighting for control of the oil and gas producer's board.

Devon Energy to sell some midstream stakes to cut debt, sharpen focus

Jun 06 2018

Oil and gas producer Devon Energy Corp said on Wednesday it would sell its stakes in pipeline operator EnLink Midstream for $3.13 billion to pare debt and focus on its core shale business as crude prices hover near four-year highs.

Canada's Loblaw tops profit estimates, to expand online business

May 02 2018

Canada's Loblaw Cos Ltd reported a better-than-expected quarterly profit on Wednesday and said it plans to expand its online grocery services in the country amid increasing competition from Amazon.com Inc .

Cabot Oil and Gas tops profit view as cost-cuts kick in

Apr 27 2018

Cabot Oil and Gas Corp beat profit expectations for the first quarter on Friday as the company cut costs by selling its non-core assets in the Eagle Ford shale.

Shaw Communications profit beats on strong wireless growth

Apr 12 2018

Shaw Communications Inc's quarterly profit easily topped analysts' estimates on Thursday as the Canadian telecom services company's investments in its wireless business helped more than double subscriber additions.

Enerplus profit beats as oil focus pays off

Feb 23 2018

Canadian oil and gas producer Enerplus Corp reported a quarterly profit that beat estimates on Friday as the company's strategy to focus on oil assets paid off.

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