Search for Profit

29.08.2014 Cnooc’s Profit Falls as Spending Undercuts Output

Cnooc Ltd. (883), China’s biggest offshore oil and gas explorer, said first-half profit fell as higher spending and little-changed average oil prices undercut an increase in oil and gas production, according to Bloomberg.

21.05.2014 Indian ONGC Videsh earnings grow in FY 2014

Financial results of ONGC Videsh Ltd, the wholly-owned subsidiary of ONGC, for the year ended 31st March 2014 were considered and approved by the Board in its meeting held on May 20, ONGC Videsh’s press office has said.

16.05.2014 Polish Orlen’s general meeting distributes profit for 2013

Polski Koncern Naftowy Orlen announced on May 15 that the Ordinary General Meeting of Shareholders of Orlen as of 15 May 2014, having previously examined the motion of the Management Board, decided to distribute the profit for 2013 in the amount of PLN 617 684 481.47, in

12.05.2014 Polish PGNiG profit up 10% year on year in Q1 2014

In Q1 2014, the PGNiG Group posted a net profit of almost PLN 1.2bn, PGNiG’s press office said on May 9.

29.04.2014 Gazprom sales up, profit down in 2013

On April 29, Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2013, Gazprom’s press service said.

10.04.2014 Serbian government unhappy with Gazprom pocketing profit of NIS

The authorities in Belgrade have opposed the practice of Russian Gazprom, owner of a 56% stake in Naftna Industrija Srbije (NIS), pocketing the entire profit of the company, Novinite.com reported on April 9.

02.04.2014 Russia’s Tatneft profit down in 2013

OAO Tatneft (the “Company”) announced on April 1 that it published on its web-site (http://www.tatneft.ru/?lang=en) the audited consolidated financial statements for the year ended 31 December 2013 prepared in accordance with

19.03.2014 Chinese COSL earnings grow in 2013

China Oilfield Services Limited announced on March 18 its full-year results for the year ended 31 December 2013.

19.03.2014 Russia’s Sibur earnings down in 2013

Sibur, an integrated gas processing and petrochemicals company, on March 18 published its operational and financial results for the year ended 31 December 2013 in accordance with International Financial Reporting Standards (IFRS).

04.03.2014 Russia’s Slavneft profit soars in 2013

Russia’s Slavneft net profit rose by 410% to almost 18bn rubles last year, according to Russian accounting standards. At the same time, revenue fell to 10.5bn rubles, while gross profit fell by almost one third to slightly more than 2bn rubles.