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Tag Archives: fourth quarter

Huntsman Corp. posts 4Q profit

Huntsman Corp. posts 4Q profit

Woodlands-based manufacturer Huntsman Corp. remains profitable even in a weakening economy with tighter profit margins. The company reported a net income gain of $9 million in the fourth quarter of 2015. The company recorded a net loss of $35 million during the fourth quarter 2014. Huntsman kept its earnings positive even though its quarterly revenues declined by 23 percent from $2.95 ...

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Shell reports 44 percent drop in 4Q earnings

Shell reports 44 percent drop in 4th quarter earnings

LONDON — Royal Dutch Shell said fourth-quarter earnings tumbled 44 percent as the collapse in oil prices took its toll on another European oil company. Profit adjusted for changes in the value of inventories and one-time items dropped to $1.83 billion from $3.26 billion in the same period a year earlier, the Anglo-Dutch energy giant said Thursday. The results came ...

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BP posts 91 percent plunge in fourth quarter earnings

BP posts 91 percent plunge in fourth quarter earnings

LONDON — BP’s fourth-quarter earnings plunged 91 percent amid sharp declines in oil prices as the British energy company continued to make provision for the Deepwater Horizon disaster in the Gulf of Mexico and streamline operations. The company reported Tuesday that underlying replacement cost profit fell to $196 million from $2.2 billion in the same quarter a year earlier. The ...

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American Airlines posts record profit in 2015

American Airlines posts record profit for 4Q, all of 2015

FORT WORTH, Texas — American Airlines reported a record profit for the fourth quarter and all of 2015 as a sharp drop in fuel prices more than offset lower revenue. The world’s biggest airline said Friday that its earnings were the highest ever for any carrier. American is poised for another big year: airline officials said they expect to save ...

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Valero Energy posts better-than-expected profit

Valero Energy posts better-than-expected profit

Valero Energy reported higher-than-expected earnings on Thursday. The San Antonio-based company earned $862 million in profit during the fourth quarter 2015. The San Antonio oil refiner reported earnings of $1.79 per share, beating the average estimate of $1.41 per share. High crack spreads, the difference between crude oil and refined petroleum products, have meant strong profits for oil refiners despite ...

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Sunoco Logistics posts $127 million net loss

Sunoco Logistics Partners L.P., the Philadelphia pipeline company, reported a fourth-quarter net loss to partners of $127 million that it blamed on the decline in energy commodity prices. The company said the loss includes a $258 million non-cash write down of its inventory. It said the write-down “represents a base operating level that is not expected to have a financial ...

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PNC is on the right track for 2015

Top PNC Financial Services Groups Inc. executives announced that 2014 was overall a successful year and that the company is on the right track for 2015. William Demchak, PNC chairman, president and CEO expressed his outlook for 2015 to analysts during the bank’s earnings call Friday morning: The coming year looks a lot like 2014 … We’re executing well in ...

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UPDATE: Apache Corp to sell oil and gas assets for $1.4 bln

money and change

Nov 20- Apache Corp said it would sell oil and gas assets in southern Louisiana and the Anadarko Basin, spanning western Oklahoma and the Texas Panhandle, for about $1.4 billion in two separate deals. U.S. exploration and production companies such as Apache are focusing on lucrative shale oil fields in North America as weak oil prices make drilling more expensive. ...

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