Earnings Reports

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

Oil giant ExxonMobil reported better than expected third quarter earnings Friday before the market. With CAPEX of $6.59B and higher production of 3.786 M BOE/D (est 3.72M) CAPEX was up with investments in Brazil, the U.S. Permian Basin and Indonesia.

Consumer electronics giant Apple reported better than expected September financial results on Thursday after the market close. However $AAPL shares fell over 4% as the company missed iPhone shipment estimates and offered light guidance with Profit gains all on higher ASP.

Royal Dutch Shell, Europe's largest oil company reported weaker than expected third quarter results Thursday, However with cash flow surging from higher oil prices $RDS.A anounced they will increase buybacks in stock.

Independant energy producer and shale exploration company Matador Resources reported better than expected third quarter earnings after the close Wednesday. The $MTDR main focus is the Wolfcamp and Bone Spring plays in the Delaware Basin.

Independent energy company Apache Corp reported better than expected third quarter earnings after the close Wednesday. $APA also raised it's production outlook with record Permian production.

WPX Energy reported worse than expected third quarter earnings after the close Wednesday. $WPX profit was affected by NGL sales with  165,000 barrels placed into storage with a majority to be sold in the fourth quarter.

Pure Fracking play Keane Group reported better than expected third quarter earnings after the close Wednesday. $FRAC footprint is in the Permian Basin, Marcellus Shale/Utica Shale, the SCOOP/STACK Formation and the Bakken Formation.

Frack sand producer Hi-Crush Partners reported in-line third quarter earnings Tuesday. $HCLP had already cut it's guidance and dividend after acquiring it's general partner last week. Pricing for frac sand has backed off with the Permian bottleneck.

Independant oil and gas company Whiting Petroleum Corp reported better than expected third quarter earnings after the market close Tuesday. Production of oil equivalent came in at the high end of guidance.

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