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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Oilexco | LSE:OIL | London | Ordinary Share | CA6779091033 | COM SHS NPV (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 6.90 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
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26/7/2018 11:35 | Saudi Arabia WAR THREAT: Oil tankers BOMBED – Saudis BAN exports through Red Sea straits IRAN-BACKED Yemeni rebels aligned have launched an attack on two oil tankers passing through the strategically important Red Sea shipping lane of Bab al-Mandeb – prompting Saudi Arabia to announce that was “temporarily halting” all oil shipments along the route... | bountyhunter | |
26/7/2018 11:34 | Saudi Arabia WAR THREAT: Oil tankers BOMBED – Saudis BAN exports through Red Sea straits IRAN-BACKED Yemeni rebels aligned have launched an attack on two oil tankers passing through the strategically important Red Sea shipping lane of Bab al-Mandeb – prompting Saudi Arabia to announce that was “temporarily halting” all oil shipments along the route... | bountyhunter | |
26/7/2018 09:37 | LONDON -- The world's biggest oil companies are on a winning streak of rising profits and soaring cash flow. Investors are expecting to reap the rewards. Royal Dutch Shell PLC opened Big Oil's earnings period Thursday, nearly tripling its net profit in the second quarter from a year earlier. Shell said its quarterly profit on a current cost-of-supplies basis -- a number similar to the net income that U.S. oil companies report -- was $5.2 billion, up from $1.9 billion a year earlier. While adjusted earnings excluding identified items came in below analysts expectations, the company said that rising profit, strong cash flow and falling debt levels have given it the confidence to launch an anticipated $25 billion share buyback program, rewarding investors for years of belt-tightening when oil prices were low. French oil giant Total SA also reported a sharp increase in profit Thursday, benefiting from a healthy rise in oil prices and years of painful cost cutting. Though earnings from Norway's Equinor ASA, formerly known as Statoil, lagged behind expectations because of maintenance costs, the company has already raised its dividend this year. Investors are paying attention. Shares in the group of European oil companies have in recent months been trading at their highest levels in years, though the market reaction Thursday was muted. "The whole sector's gone through this three- or four-year transition to make the business model work at $50 a barrel and as soon as we got there the oil price shot up," said RBC analyst Biraj Borkhataria. "You're in the sweet spot." The earnings mark a remarkable turnaround for an industry that has spent the past few years scrambling to convince investors it could fix a yearslong habit of profligate spending and replace it with a disciplined, low-cost business model. So far, Big Oil's new look seems to paying off. Though oil prices have nearly doubled since their 2016 low, the companies say they remain focused on lowering costs and rewarding shareholders. Total said it brought down the oil price it needs to cover its spending to less than $25 a barrel in the second quarter. Profit jumped 83% in the quarter compared with a year earlier. The company used the spare cash to move toward fulfilling its promise to raise shareholder payouts 10% by 2020 and increase share buybacks. "Discipline on spending is resolutely maintained," Chief Executive Patrick Pouyanne said in the results announcement. Equinor emphasized that its slip in profit in the second quarter highlights the need to remain focused on costs. Shares in Shell and Equinor dipped lower, while Total ticked higher in early London trading. U.S. oil giants Exxon Mobil Corp. and Chevron Corp. are set to report their earnings Friday. BP PLC reports next Tuesday. Write to Sarah Kent at sarah.kent@wsj.com (END) Dow Jones Newswires July 26, 2018 04:10 ET (08:10 GMT) | ariane | |
26/7/2018 09:37 | LONDON -- The world's biggest oil companies are on a winning streak of rising profits and soaring cash flow. Investors are expecting to reap the rewards. Royal Dutch Shell PLC opened Big Oil's earnings period Thursday, nearly tripling its net profit in the second quarter from a year earlier. Shell said its quarterly profit on a current cost-of-supplies basis -- a number similar to the net income that U.S. oil companies report -- was $5.2 billion, up from $1.9 billion a year earlier. While adjusted earnings excluding identified items came in below analysts expectations, the company said that rising profit, strong cash flow and falling debt levels have given it the confidence to launch an anticipated $25 billion share buyback program, rewarding investors for years of belt-tightening when oil prices were low. French oil giant Total SA also reported a sharp increase in profit Thursday, benefiting from a healthy rise in oil prices and years of painful cost cutting. Though earnings from Norway's Equinor ASA, formerly known as Statoil, lagged behind expectations because of maintenance costs, the company has already raised its dividend this year. Investors are paying attention. Shares in the group of European oil companies have in recent months been trading at their highest levels in years, though the market reaction Thursday was muted. "The whole sector's gone through this three- or four-year transition to make the business model work at $50 a barrel and as soon as we got there the oil price shot up," said RBC analyst Biraj Borkhataria. "You're in the sweet spot." The earnings mark a remarkable turnaround for an industry that has spent the past few years scrambling to convince investors it could fix a yearslong habit of profligate spending and replace it with a disciplined, low-cost business model. So far, Big Oil's new look seems to paying off. Though oil prices have nearly doubled since their 2016 low, the companies say they remain focused on lowering costs and rewarding shareholders. Total said it brought down the oil price it needs to cover its spending to less than $25 a barrel in the second quarter. Profit jumped 83% in the quarter compared with a year earlier. The company used the spare cash to move toward fulfilling its promise to raise shareholder payouts 10% by 2020 and increase share buybacks. "Discipline on spending is resolutely maintained," Chief Executive Patrick Pouyanne said in the results announcement. Equinor emphasized that its slip in profit in the second quarter highlights the need to remain focused on costs. Shares in Shell and Equinor dipped lower, while Total ticked higher in early London trading. U.S. oil giants Exxon Mobil Corp. and Chevron Corp. are set to report their earnings Friday. BP PLC reports next Tuesday. Write to Sarah Kent at sarah.kent@wsj.com (END) Dow Jones Newswires July 26, 2018 04:10 ET (08:10 GMT) | ariane | |
26/7/2018 08:37 | UOG seans6625 Jul '18 - 22:48 - 542 of 545 Great night, feel more convinced than ever this is a great medium/long term investment. My favourite quote was about Jamaica - “this is an opportunity similar to investing in the North Sea in 1960s”! Funtimejonny26 Jul '18 - 05:50 - 544 of 545 I thought it was a good presentation as well. Like the mix of assets. The guys seem to have their feet on the ground and are working the projects well. cf45626 Jul '18 - 07:25 - 545 of 545 "#UOG - Fantastic investor evening/presentation tonight. This is Brian Larkin’s favourite slide and now mine too. And probably soon to be yours! Just highlights the huge potential and size of their Jamaica asset 🇯🇲. 3D seismic results dropping very soon....." | cpap man | |
26/7/2018 08:35 | UOG seans6625 Jul '18 - 22:48 - 542 of 545 Great night, feel more convinced than ever this is a great medium/long term investment. My favourite quote was about Jamaica - “this is an opportunity similar to investing in the North Sea in 1960s”! Funtimejonny26 Jul '18 - 05:50 - 544 of 545 I thought it was a good presentation as well. Like the mix of assets. The guys seem to have their feet on the ground and are working the projects well. cf45626 Jul '18 - 07:25 - 545 of 545 "#UOG - Fantastic investor evening/presentation tonight. This is Brian Larkin’s favourite slide and now mine too. And probably soon to be yours! Just highlights the huge potential and size of their Jamaica asset 🇯🇲. 3D seismic results dropping very soon....." | cpap man |
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