Currently, the natural gas companies are facing a hard time maintaining their profits, and the performance of Quicksilver Resources (NYSE: KWK) has been no exception. Quicksilver Resources have posted a larger than expected net loss of $673 million for the second quarter of the current year, compared to a net income of $109 million for the same period a year earlier.
Quicksilver Resources, which is primarily a natural more »
At a time when the companies operating in the oil and natural gas sector are feeling the heat of lower prices burning their profits, Chesapeake (NYSE: CHK) posted a profit of $972 million, which includes non-recurring items, for the second quarter of 2012.
Prices Taking a Beating
ConocoPhillips (NYSE: COP), the second biggest independent oil and natural gas upstream company in the US in terms of market value after Occidental Petroleum (NYSE: OXY), has reported a 33% decline in its revenues compared to the previous year, same quarter.
ConocoPhillips in its first quarterly reports as only an exploration and production company reported a profit of $2.27 billion, or $1.80 a share, down from more »
The second largest oil company of the US, Chevron (NYSE: CVX), has followed the largest oil company ExxonMobil (NYSE: XOM) to enter into the much disputed Kurdistan region of Iraq by buying a majority stake in two exploration blocks from Indian conglomerate Reliance Industries. Chevron bought an 80% stake in the Sarta and Ravi block, which lies over an area of 490 square miles north of Erbil, for an amount more »
Technology has an impact on everyone’s life both as a boon and as a curse. In fact, the advance of technology made it possible for companies such as BP (NYSE: BP) to move to the deep-waters in search of oil and gas reserves. This helped the company to position itself as a superpower in the world oil and natural gas sector. However, the same technology led to a spill more »
One discovery eclipses the other and this is what has kept the oil and natural gas companies growing over the years. Their constant urge to find new and better sources of energy has been the key factor for the companies that have excelled in this field. And in one such drive, Apache (NYSE: APA) might have discovered one of the world’s largest shale gas producing acreage.
Apache more »
So a new kid on the block, a new apple of everyone’s eye. You didn’t get what I am talking about? I am talking about the series of discoveries that have taken place on the eastern coast of Africa, discoveries that are in the process of changing the economic condition of some African countries. And the latest in the series is the latest discovery of natural gas by more »
Time changes and with time the factors playing in the economy also change. And for survival one has to adapt well to these changes. Just at a time when the world was betting high on the idea of the acquisition of Chesapeake (NYSE: CHK), in a turn of fortunes the company has drilled the highest oil producing well in the company’s 23-year history.
The Ray of Hope:
In a more »
Once again PVH Corp. (NYSE: PVH) lit up Wall Street with its strong 1st quarter earnings. The clothing seller which has always beat estimates in the last 12 quarters has again managed to do the same. Let’s have a closer look at the company.
A look into the quarter
PVH Corp.’s 1st quarter bottom line rose to $93.1 million from $57.7 million, last year. The more »
In the cut throat competition existing in the global economy, to be present at the right place at the right time is the name of the game. And the energy sector is no exception. With a finite amount of oil and natural gas reserve present in the world, it’s always an added advantage for the company which discovers new sources of reserves. And in a recent exploration, Anadarko (NYSE: APCmore »)