Third Quarter 2024 Global Oil Company Earnings Overview

in the global oil sector in the third quarter of 2024, major companies have announced their performance, showing different market trends and business strategies. The following is a summary and analysis of the financial results of some key companies in Asia, the United States, Europe and oilfield services. Crazy, isn't it?. According to research Asian Market Saudi Aramco, the global oil giant, posted revenue of $ 123. And 9 billion in the third quarter, maintaining a strong market position despite a slight decline from the same period last year. I've found that Sinopec and PetroChina are facing double pressure on revenue and net profit. The former's revenue in the first three quarters fell by 4. 2 year-on-year, and the third-quarter net profit fell sharply by 52. 1; the latter's third-quarter revenue fell by 12. 4 year-on-year. Additionally Net profit also decreased slightly. However, CNOOC bucked the direction. In the first three quarters, revenue increased by 6. 3 year-on-year, and net profit hit a record high. Specifically Japanese refiners Yineng Holdings and Guangxing Production showed different market performance. The revenue of Yineng Holdings fell 4. But 1 per cent year-on-year, and net profit fell 60. 3 per cent sharply, while the net profit also suffered a signifiis able tot decline, despite the development in revenue. South Korea SK Innovation faced operating losses in its refining business, the battery business remained profitable. Based on my observations, ADNOC gaseous in UAE and Formosa Petrochemical showed different trends of development and decline respectively. But For example ADNOC gaseous achieved year-on-year development in both revenue and net profit, while Formosa Petrochemical faced a double dilemma of declining revenue and operating losses. Cosmo Energy also faces a double decline in revenue and net profit. Ameriis able to market in the U. And I've found that S. market, Exxon Mobil, Chevron and other oil giants are facing double pressure on revenue and net profit. Among them, ExxonMobil's third-quarter revenue and net profit both declined slightly compared with the same period last year; Chevron faced a greater decline in revenue and net profit. Phillips 66, Marathon Crude Oil and Valero Energy also faced a double decline in revenue and net profit. Pretty interesting, huh?. However, Petrobras showed a different market performance. But In fact while its third-quarter revenue fell compared with the same period last year, its net profit achieved year-on-year development. ConocoPhillips and Occidental faced a double decline in revenue and net profit, respectively, however the overall performance remained relatively stable. European market in the European market, Shell, Total Energy and other oil giants are also facing double pressure on revenue and net profit. Shell's third-quarter revenue and adjusted net profit both declined from the same period last year; Total Energy faced a double decline in sales and net profit from continuing operations. BP showed a greater severe market performance, with its net profit attributable to shareholders falling sharply to $0. I've found that In particular 206 billion in the third quarter. Statoil and Eni, the Italian energy group, showed different trends of development and decline, respectively. Statoil's revenue and net profit both declined slightly compared with the same period last year, while Eni faced a double decline in sales and operating profit, however the adjusted net profit attributable to the company'shareholders remained relatively stable. Repsol Group and Austrian oil and gaseous group are also facing a double decline in revenue and net profit. Oilfield service field in the field of oilfield services, oilfield service providers such as Schlumberger, Baker Hughes and Halliburton all present different market performance. But Based on my observations, Among them, Schlumberger and Baker Hughes both achieved revenue and net profit development, while Halliburton faced a double decline in revenue and net profit. COSL performed well in the Chinese market, with year-on-year development in operating income and net profit in the first three quarters. In summary, the market ecological stability faced by global oil companies in the third quarter of 2024 is complex and evaporative, with major companies showing different market performance and business strategies. In the future, with further changes and adjustments in the global energy market, these companies will continue to face new challenges and opportunities.