Earnings Reports

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Transocean, the world’s largest offshore drilling contractor and leading provider of drilling management services reported better than expected third quarter results Monday delivering a profit, rather than an expected loss.

Houston, Texas oil producer and shale exploration company Marathon Oil reported better than expected fourth quarter earnings after the close Wednesday. $MRO guided production higher led by profits from South Texas' Eagle Ford shale and North Dakota's Bakken shale.

Deep Sea Driller Diamond Offshore Drilling reported worse than expected fourth quarter earnings before the market Monday. Revenue continues to be impacted as day rates for deep water drilling rigs fall. The world's largest offshore drilling company Transocean $RIG report next week.  

French major Total SA reported fourth quarter earnings before the open Thursday announcing record production and guiding production higher for the fourth time this year. All $TOT divisions are performing better than expected.

Frack sand producer Hi-Crush Partners reported better than expected fourth quarter earnings Tuesday. $HCLP reported a smaller loss than expected. Revenue and pricing for frac sand has backed off with the Permian bottleneck and decreased well completion activity.

The Woodlands, Texas oil and gas development company Andarko Petroleum reported worse than expected Fourth quarter earnings after the close Tuesday. Sales volumes rose but $APC's average selling price fell to $59.86/bbl from $56.32/bbl and total expenses jumped 19%.

British Oil major BP PLC reported better than expected fourth quarter earnings Tuesday. $BP raised it's dividend as revenue is boosted by surging production. $BP report after fellow majors $XOM, $CVX, RDSA, $COP  and $TOT reports.

Internet giant Alphabet, owner of Google reported better than expected fourth quarter earnings after the market Monday. $GOOGL also increased stock buybacks but operating margin fell to 21% from 24% a year worrying investors.

Chevron reported strong fourth quarter results Friday along with fellow oil major ExxonMobil. $CVX production was again higher with Oil and gas production rises strongly in Australia and the Texas Permian.

Oil giant ExxonMobil reported better than expected fourth quarter earnings Friday before the market with higher production in Brazil, the U.S. Permian Basin and Indonesia.

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