• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • NORTH AMERICA EDITION
      Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • NORTH AMERICA EDITION
      North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Oil and Gas Market
    Oil and Gas News
    Oil and Gas Stocks
    • Oil and Gas Market
    • Oil and Gas News
    • Oil and Gas Stocks
    market news

    Q3 Results for Big Oil Rolling In: Where Do We Place Our Bets?

    Investing News Network
    Nov. 01, 2012 10:40AM PST
    Oil and Gas Investing

    Quarterly results for Big Oil are rolling in, and it’s a similar picture across the board. Most are slightly down due to marginally lower oil prices; gas is burning a hole in their budgets, still falling well below full cycle economics in America.

    Quarterly results for Big Oil are rolling in, and it’s a similar picture across the board. Most are slightly down due to marginally lower oil prices; gas is burning a hole in their budgets, still falling well below full cycle economics in America.

    Highlights from article:

    Royal Dutch Shell is a pretty good example. Profits fell by 6% in the third quarter to $6.6bn. Exposure to cheap U.S. gas was part of the problem, plunging 38% compared to a year ago on Shell’s books; dirty Canadian oil also took a hit, falling 8%. In fact, oil and gas production fell to 2.9boed compared to 3.012mboed last year. None of that’s overly concerning for Shell, but what it does next, is. It remains notable by its absence in upstream Russian plays, and hasn’t come to terms with the fact that it’s going to be close to impossible for them to plough ahead with U.S. concessions in Alaska’s Chukchi Sea. It’s spent $5bn so far, all without scratching the surface, despite holding the concessions since 2008.

    Click here to read the full Forbes article.

    market newscanadian oil
    The Conversation (0)

    Go Deeper

    AI Powered
    Oil & Gas Outlook: Australia Edition

    Oil & Gas Outlook: Australia Edition

    Oil barrel and stock chart overlayed on map.

    Is Now a Good Time to Invest in Oil Stocks?

    Latest News

    Angkor Resources Receives Approval to Incorporate Mussel Basin into Block VIII Oil and Gas License, Cambodia

    CORRECTED: CHARBONE Hydrogen is Acquiring Hydrogen Production Assets and Closing a First Tranche of $1M Private Placement Financing

    CORRIGE: CHARBONE Hydrogene acquiert des actifs de production d'hydrogene et cloture une premiere tranche d'un financement par placement prive de 1 M$

    Alvopetro Announces August 2025 Sales Volumes

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×