SouthWestern Energy Q2 2013: Revenue up YoY and QoQ on higher shale gas prices.
Investments in new fields continue unabated, and cash flow from operations is fully used for such field development. Overall cash is very tight and SouthWestern in vulnerable to price shocks.
Chevron Q2 2013 Financials: Untouched by the oil and shale gas boom.
Sales down but costs up. Net income down YoY and QoQ
Declining sales, declining margins, declining profits. To add gas on fire (figuratively speaking), operating cash flow declined as well. Dividends and share repurchases had to be financed by loans.
Overall some indications of operational stress, Chevron had better days for sure. The charts included are self-explanatory.