The latest companies to release their 3Q results, Royal Dutch Shell plc and BP plc’s latest quarterly updates were defined as largely positive by oil and gas analysts at investment bank Jefferies. Shell’s overall 3Q adjusted net income of $2.792 billion was 63 percent above the consensus of $1.714 billion and 41 percent above Jefferies’ estimate… Read more »
Monthly Archives: November 2016
GE To Merge Oil Unit With Baker Hughes To Create Service Giant
Oct 31 (Reuters) – General Electric Co said on Monday it would merge its oil and gas business with Baker Hughes Inc, creating the world’s second-largest oilfield services provider as industry competition heats up to supply more-efficient products and services to the energy industry. The deal to create a company with $32 billion in annual… Read more »
