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Oil Search 2Q Revenue Edges Back On Lower Oil Price

By Ross Kelly SYDNEY--Oil Search Ltd. (OSH.AU) on Tuesday reported a 2.7% fall in second-quarter revenue due to lower oil prices and said it expects to conclude a sell-down process for some exploration acreage in natural gas-rich Papua New Guinea soon. Revenue for the three months to June 30 fell to US$211.3 million, down from US$217.8 million on year and beating a UBS forecast of US$171.1 million. Quarterly production edged up to 1.80 million barrels of oil equivalent from 1.77 million BOE and Oil Search stuck to its full year production guidance of 6.2 million-6.7 million BOE. -By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; Ross.Kelly@dowjones.com Order free Annual Report for OIL SEARCH LTD Visit http://djnweurope.ar.wilink.com/?ticker=PG0008579883 or call +44 (0)208 391 6028 Order free Annual Report for Exxon Mobil Corporation Visit http://djnweurope.ar.wilink.com/?ticker=US30231G1022 or call +44 (0)208 391 6028 Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
09/21/201619:18:00Oil Sector, Investors React to SEC Probe of Exxon -- Update
09/21/201618:34:00Oil Sector, Investors React to SEC Probe of Exxon Over Climate...
09/21/201613:05:00InterOil Shareholders Overwhelmingly Approve ExxonMobil Transaction
09/19/201609:30:00A Recent Claim That Oil Futures Are Set to Rally
09/16/201618:51:00When Should a Company Write Down Assets
09/16/201618:07:00New York AG Employs Powerful Law in Exxon Probe
09/16/201617:33:00ADRs End Lower; Banks, Oil Firms Slide
09/16/201607:00:00Exxon's Accounting Practices Are Investigated
09/15/201603:02:00Energy Shares' Shine Fades -- WSJ
09/13/201615:15:00Exxon Reports Equipment Shutdown at Baytown Refinery
09/13/201609:00:00ExxonMobil and Princeton University Announce New Energy Research...
09/12/201603:35:00Oil Search, Exxon Buy Stakes in Papuan Gulf Exploration Acreage
08/26/201622:29:00Exxon Mobil Backs Out of Proposed Alaska LNG Project
08/26/201609:49:32Statement of Changes in Beneficial Ownership (4)
08/26/201608:08:00On BizWireTV: Big Name Brands Join Louisiana Relief Effort and...
08/25/201612:17:29Statement of Changes in Beneficial Ownership (4)
08/25/201603:03:00Oil Firms Binge on Debt -- WSJ
08/24/201617:12:00Largest Oil Companies' Debts Hit Record High -- Update
08/24/201605:59:00Largest Oil Companies' Debts Hit Record High
08/22/201620:56:00Oil Search Profit Hit by Weak Prices, Dents Dividend

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