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Tag: profit
ConocoPhillips Adjusted Profit Falls On Lower Crude Prices
2019-07-30 14:45:03| OGI
U.S. light crude prices averaged $59.91 per barrel in the second quarter, 11.8% lower than a year earlier, while Brent crude averaged $68.47 per barrel, 8.7% lower than a year earlier.
Tags: prices
lower
falls
profit
Ooredoo Group H1 net profit rises 22%, revenue down 4%, customer base shrinks 12%
2019-07-30 09:22:00| Telecompaper Headlines
(Telecompaper) Ooredoo group net profit increased by 22 percent to QAR 841 million in the first six months of 2019 from QAR 689 million in the same period of 2018, partially aided by a favourable forex environment and offset by a negative IFRS 16 impact. EBITDA increased by 2 percent year on year to QAR 6.3 billion, with a corresponding EBITDA margin of 44 percent supported by a positive effect from the new IFRS 16 accounting standards.
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.
Halliburton Profit Beats On International Demand
2019-07-22 15:15:08| OGI
Oilfield service companies, including Halliburton, have been relying more on demand from international markets, which has recovered after a prolonged slump in oil prices.
Tags: international
demand
profit
beats
Millicom grows Q2 revenues 5.4% on acquisitions, operating profit lower
2019-07-19 09:07:00| Telecompaper Headlines
(Telecompaper) Millicom reported second-quarter revenues up 5.4 percent to USD 1.054 billion, helped by its acquisitions of Cable Onda as well as Telefonica Nicaragua. Operating profit fell 34.5 percent to USD 110 million on one-off charges and higher amortization expense, and net profit rose to USD 46 million from a loss of USD 1 million a year ago, due mostly to revaluation gains.
Tags: lower
operating
profit
revenues
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