Gaz de France Norge is part of the newly established GDF SUEZ group – a world leader in energy. We are on the lookout for talented individuals to help us grow as a major player on the Norwegian continental shelf.
We are looking for an experienced Health and Safety professional with Leadership presence, who has the ability to drive a ‘step change’ in Safety performance and who has demonstrated success in a similar capacity to fill the role of Manager Health and Safety
Gaz de France Norge is part of the newly established GDF SUEZ group – a world leader in energy. We are on the lookout for talented individuals to help us grow as a major player on the Norwegian continental shelf.
Gaz de France Norge is part of the newly established GDF SUEZ group – a world leader in energy. We are on the lookout for talented individuals to help us grow as a major player on the Norwegian continental shelf.
Chevron should post higher first-quarter earnings than the previous quarter as record oil prices outweigh weak margins from refining and marketing, a report issued by US supermajor said today.
Chevron said its oil and gas production in January and February was 2.61 million barrels of oil equivalent per day, essentially flat with the fourth quarter, as higher international natural gas output offset shortfalls for oil.
Benchmark oil prices averaged a record of about $98 a barrel in the quarter, driving higher first-quarter earnings from Chevron's exploration and production business. But it said profits from its refining and marketing business "are expected to remain at the low level recorded" in the fourth quarter.
Chevron earned $4.88 billion, or $2.32 a share, in the fourth quarter, but its profits from refining, marketing and transportation were off close to 80% at $204 million.
The company earned $4.84 billion from its exploration and production unit during the period.
Analysts, on average, expect the company to earn about $2.36 per share in the first quarter, according to Reuters Estimates.
The company said its average realised price for a barrel of oil sold in the US in January and February rose over 6% from the fourth quarter to $86.74. That compares to an average price of $51.60 per barrel in the year-earlier quarter.
Its international price for crude in those months rose to $83.36 per barrel from $80.43 per barrel in the fourth quarter.
Chevron's US natural gas prices for that period were up more than 15% from the previous quarter, while international natural gas prices rose 13%.
Its realised margins in the first quarter are expected to be lower than industry indicator margins due to refinery downtime and high crude oil prices, Chevron said.