Edition:
International

Arunima Kumar

ConocoPhillips forecasts 16% rise in 2022 shareholder returns

9:48am EST

(Reuters) -Oil producer ConocoPhillips said on Monday it expects to return 16% more capital to shareholders next year, and added a new variable return of cash to its plans, underscoring the energy industry's focus on shareholder returns over spending.

Chesapeake Energy launches $1 billion stock buyback

Dec 02 2021

(Reuters) -Chesapeake Energy Corp said on Thursday it would buy back up to $1 billion of stocks, becoming the latest shale producer to focus on shareholder returns, as energy prices recover from pandemic lows.

Green Thumb sales surge on growing U.S. cannabis demand

Nov 10 2021

U.S. cannabis producer Green Thumb Industries Inc's third-quarter revenue surged nearly 49% to beat estimates on Wednesday, thanks to more distribution channels and higher traffic at its retail stores.

Lithium producer Livent flags supply chain woes after profit miss

Nov 04 2021

(Reuters) -Lithium producer Livent Corp on Thursday missed estimates for third-quarter profit, and said global supply chain disruptions along with steep costs offset stronger realized prices for the electric vehicle battery metal.

Shale drillers boost dividend as profit surpasses Wall St expectations

Nov 03 2021

(Reuters) -U.S. oil and gas producers on Wednesday posted quarterly profits that beat Wall Street expectations as energy prices recovered from pandemic lows to multi-year highs, prompting some drillers to raise dividend.

Phillips 66 profit blasts past estimates on refining margins boost

Oct 29 2021

Phillips 66 posted a quarterly profit that trounced market expectations on Friday, as its refining margins jumped nearly five-fold on resurging demand for motor fuels following COVID-19 vaccinations and easing restrictions.

Bunge raises 2021 profit outlook on higher food, renewable fuel demand

Oct 27 2021

(Reuters) -Bunge Ltd reported stronger-than-expected third-quarter results and raised its full-year profit outlook on Wednesday for a third time this year amid improved demand for food and renewable fuel as pandemic restrictions have eased.

ADM profit more than doubles on strong crush margins, vegoil demand

Oct 26 2021

(Reuters) -Global grain trader Archer-Daniels-Midland Co said on Tuesday its third-quarter profit more than doubled, as strong oilseed crushing margins and rising vegetable oil demand boosted its core agricultural services and oilseeds unit.

UPDATE 4-Schlumberger beats Q3 profit estimates as oilfield activity recovers

Oct 22 2021

Oct 22 Top oilfield firm Schlumberger NV reported third-quarter profit which beat Wall Street estimates on Friday and echoed a rival's forecast for a 20% increase in North American spending next year, as producers capitalize on a rebound in crude prices.

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