United States

John Benny

Noble Energy to reward investors with more than $500 million cash flow target

1:04pm EST

Noble Energy Inc on Tuesday outlined a plan to return over $500 million to shareholders by 2020 and lowered its 2019 capital expense forecast in response to a drop in crude oil prices, sending its shares up 5 percent.

UPDATE 3-Bombardier earnings beat on demand for business jets

Feb 14 2019

Feb 14 Canada's Bombardier Inc topped analysts' forecasts for quarterly earnings on Thursday, helped by its business jet unit, which benefited from demand for aftermarket services and higher-priced, large-cabin corporate planes, sending shares up 9.8 percent in early trading.

Bombardier beats earnings forecasts as sales of business jets rise

Feb 14 2019

Canada's Bombardier Inc topped analysts' forecasts for quarterly earnings on Thursday, bolstered by higher sales at its business jets business, which is benefiting from rising global demand for air travel.

Cheap crude helps Marathon quarterly margins, throughput

Feb 07 2019

Marathon Petroleum Corp posted a 56 percent jump in the number of barrels of crude it processed per day during the fourth quarter and the refiner's margins rose, helped by access to cheap oil from Canada and its purchase of rival Andeavor.

Shares of Weatherford jump as Wall Street shrugs off earnings miss

Feb 01 2019

Shares of oilfield services provider Weatherford International Plc rose on Friday despite an earnings miss, as Wall Street focused on free cash flow generation and improved earnings.

Exxon CEO combines exploration units to reverse output declines

Jan 31 2019

HOUSTON Exxon Mobil Corp on Thursday outlined a major reorganization of its global exploration businesses aimed at reversing years of weak oil and gas output.

GE's Baker Hughes upbeat on 2019 as LNG demand grows

Jan 31 2019

Baker Hughes, General Electric Co's oilfield services arm, gave an upbeat outlook for the year on Thursday as its quarterly orders rose and sanctions of liquefied natural gas projects accelerated.

Chemicals maker Entegris to buy Versum in $4 billion microchip bet

Jan 28 2019

Entegris Inc said on Monday it would buy rival Versum Materials Inc in an all-stock deal worth about $4 billion, creating a big chemical supplier to the semiconductor market at a time when the industry is under pressure.

Halliburton shares fall as North America lags

Jan 22 2019

Shares of oilfield firm Halliburton Co fell sharply on Tuesday after the company forecast lower revenues in key business areas in the first quarter, overshadowing a quarterly profit beat and a pledge to reduce 2019 spending.

Schlumberger shares rise on lower 2019 capex, international outlook

Jan 18 2019

Oilfield services provider Schlumberger NV said on Friday it would spend less in 2019 and forecast single-digit growth in international markets this year, sending its shares as much as 5 percent higher.

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