Quarterly Reports

Linde has today (27th April) reported “strong” first quarter (Q1) 2023 financial results, with a net income of $1.5bn.

Ohio-based Worthington Industries has reported net sales of $1.1bn and net earnings of $46.3m for its fiscal 2023 third quarter (Q3), which ended 28th February 2023.

Tellurian increased natural gas production fourfold to approximately 225 MMcfd in Q4 2022, compared with approximately 55 MMcfd in Q4 2021.

Equinor has made an oil and gas discovery close to the Troll field in the North Sea, its seventh discovery in this area since autumn 2019, after posting net income of $28.7bn in 2022.

TotalEnergies recorded a 95% jump in net income with its Integrated Gas, Renewables and Power (IGRP) division in 2022 on the back of strong LNG sales and regasification capacity in Europe.

Linde recorded an adjusted operating profit of $7.9bn ($7,904m) in 2022, up 10% on 2021, and maintains it is on track for a ‘record year’ in 2023.

Gas and low carbon energy contributed more than half to bp’s $27.6bn (£23bn) profits in 2022 as the energy giant capitalised on soaring energy prices.

Air Products today reported a 6% growth in first quarter net income to $584m – and its cash contribution to NEOM will halve to $800m.