Less Ads, More Data, More Tools Register for FREE

Pin to quick picksHarbour Energy Share News (HBR)

Share Price Information for Harbour Energy (HBR)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 330.00
Bid: 327.70
Ask: 328.10
Change: 8.40 (2.61%)
Spread: 0.40 (0.122%)
Open: 327.00
High: 330.00
Low: 322.00
Prev. Close: 321.60
HBR Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Harbour Energy announces output decline, focuses on maximising value

Wed, 29th Nov 2023 10:18

(Alliance News) - Harbour Energy PLC on Wednesday reported a decline in production.

The oil and gas firm said over the nine months to September 30, output averaged 189,000 barrels of oil equivalent per day, down 8.7% from 207,000 the previous year.

Harbour left full-year guidance of 185,000 to 195,000 boepd in place. It also said revenue is estimated to be around USD2.9 billion for the period, down 29% from an estimated USD4.1 billion for the first nine months of 2022.

"We have continued to maximise the value of our UK oil and gas portfolio and to progress our diversification opportunities in Mexico, Indonesia and CCS while maintaining strong cost control and capital discipline," said Chief Executive Officer Linda Cook. "This has enabled significant free cash flow generation and a robust balance sheet, supporting material shareholder returns over and above our base dividend."

Harbour Energy shares rose 3.2% to 225.35 pence each on Wednesday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
23 Nov 2022 06:22

TOP NEWS: abrdn tipped to return to FTSE 100, Harbour to drop out

(Alliance News) - A short time after being booted out of London's flagship stock market benchmark, abrdn PLC may return, according to indicative index changes provided by FTSE Russell on Tuesday.

Read more
22 Nov 2022 17:14

LONDON MARKET CLOSE: Eyes turn to US Fed minutes; oil lifts FTSE 100

(Alliance News) - Stocks in London were broadly higher at the close on Tuesday, ahead of the publication of US Federal Open Meeting Committee minutes tomorrow at at 1900 GMT.

Read more
22 Nov 2022 12:22

LONDON MARKET MIDDAY: Trading "toneless" as OECD cuts growth forecasts

(Alliance News) - Stock prices in London were mostly higher at midday on Tuesday, despite a new set of gloomy economic forecasts.

Read more
22 Nov 2022 09:15

CORRECT: LONDON MARKET OPEN: Oil stocks lift FTSE amid China concerns

(Correcting Fresnillo is gold and silver miner, and Comision Federal de Electricidad is Mexican state-owned power company.)

Read more
22 Nov 2022 09:07

LONDON MARKET OPEN: Oil stocks lift FTSE 100; China concerns persist

(Alliance News) - London's FTSE 100 index was outperforming on Tuesday morning as a rising Brent price lifted its heavyweight oil stocks, while other equities were shaken by further Covid measures in China.

Read more
21 Nov 2022 10:09

LONDON BROKER RATINGS: Panmure and Goldman Sachs cut boohoo from 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and Friday:

Read more
18 Nov 2022 09:49

LONDON BROKER RATINGS: Goldman Sachs raises Tritax Big Box to 'buy'

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

Read more
17 Nov 2022 18:27

UK hits power firms with windfall tax, hikes oil company levy

Windfall tax on oil and gas companies rises to 35%

*

Read more
17 Nov 2022 17:01

LONDON MARKET CLOSE: FTSE 100 ends lower despite post-budget rebound

(Alliance News) - London's FTSE 100 made a stellar recovery in the final hours of trading after suffering early afternoon malaise in the wake of the Chancellor's autumn statement.

Read more
17 Nov 2022 13:49

Britain targets energy efficiency with consumption cut goal

LONDON, Nov 17 (Reuters) - Finance minister Jeremy Hunt said he wanted Britain to cut its energy usage by 15% by 2030 to help reduce bills, catching up with European neighbours which are already prioritising measures to counter spiralling prices.

Read more
17 Nov 2022 13:01

UK's Hunt says average household energy bill to rise, keeps cap

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said the cost of an average household energy bill would rise to 3,000 pounds ($3,555) a year from April after he reined in the scale of support for gas and electricity, but kept a price cap until 2024.

Read more
17 Nov 2022 12:28

UK's Hunt says average household energy bill to rise, keeps cap

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said the cost of an average household energy bill would rise to 3,000 pounds ($3,554.70) a year from April after he reined in his predecessor's vast support package for gas and electricity bills.

Read more
17 Nov 2022 12:17

Britain's Hunt sets out plans to reduce energy consumption by 15% by 2030

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt on Thursday said he wanted the country to become more energy efficient, outlining a new goal to reduce energy consumption by 15% over the next eight years to save money.

Read more
17 Nov 2022 11:48

UK's Hunt increases energy windfall tax

LONDON, Nov 17 (Reuters) - British finance minister Jeremy Hunt said on Thursday the government would increase a windfall tax on oil and gas firms and extend it to power generation firms as he seeks to raise money to plug a hole in the public finances.

Read more
14 Nov 2022 16:55

LONDON MARKET CLOSE: Europe ends higher but New York struggles

(Alliance News) - European equities surrendered some afternoon gains but made a bright start to the week on Monday, shaking off hawkish noise from the US Federal Reserve, while investors waited with bated breath for the outcome of talks between the leaders of the world's two leading economies.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.