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Shell, Total Avoid Second-quarter Loss With Strong Trading Business

2020-07-30 20:25:00| OGI

Shell's oil and gas production division, or upstream, made a loss of $6.7 billion as production declined by 7% from a year earlier to 2.415 million boe/d.

Tags: total business strong loss

 

Gildan Activewear second-quarter sales slump 71%

2020-07-30 18:27:00| Daily apparel & textile news and comment - from just-style.com

Canadian apparel maker Gildan Activewear has moved to a loss in its second-quarter weighed down by lower sales volumes during the Covid-19 pandemic.

Tags: sales slump activewear gildan

 
 

Shale Producer Concho Resources Second-quarter Loss Widens

2020-07-29 23:00:00| OGI

Midland, Texas-based Concho Resources' net loss widened to $435 million, or $2.23 per share, in the second quarter ended June 30, from $97 million, or 48 cents per share, a year earlier.

Tags: resources loss producer shale

 

Exxon Mobils Second-Quarter Results Expected To Sag

2019-07-30 14:35:47| OGI

Exxon Mobil "is always countercyclical" and "has to be viewed in the long term," says John Groton, director of equity research at Thrivent Asset Management.

Tags: results expected sag exxon

 

Total Plans $5 Billion In Asset Sales As Second-Quarter Profit Falls

2019-07-25 12:06:13| OGI

Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on July 25.

Tags: total sales plans falls

 

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