Exxon Mobil Corporation had announced estimate third quarter 2019 earnings of $3.2 billion, or $0.75 per share assuming dilution. Earnings included a favorable tax-related identified item of about $300million, or $0.07per share assuming dilution. Capital and exploration expenditures were $7.7 billion, including key investments in the Permian Basin.
Of the 38 global oil and gas discoveries made in Q3 2019, six were located in Norway. This was followed by Colombia with five discoveries, Egypt and Trinidad with four each, and Guyana and the United Arab Emirates (UAE) with three each, according to GlobalData, a leading data and analytics company.
International E&P companies are struggling to make money from offshore investments made during the latest investment upturn, according to a new study by Rystad Energy.
Heavyweight oilfield service providers like Saipem and Baker Hughes are diversifying beyond oil and gas development projects and are moving increasingly into renewable energy projects, Rystad Energy finds.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.