Earnings Reports

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Concho Resources $CXO reported better than expected Q3 earnings Tuesday in another busy week for U.S. shale companies. CXO beat on earnings and revenue. ‍Crude oil production increased approximately 31 pct from Q3 of 2016.

Japanese electronic giant Sony $SNE reported better than expected fiscal second-quarter earnings wirh a robust performance from its PlayStation gaming business, and forecast that it expects its best profit since 1998 next quarter. The ADR was up 12.5%.

British Oil major BP PLC reporting third quarter earnings Tuesday beating analyst expectations with underlying replacement cost profit of $1.87 billion. $BP also announced a share buy back program.

Houston based oil refiner Phillips 66 $PSX on Friday reported better than expected 3Q17 earnings as refining and petrochemical revenues strengthened. While Phillips 66 is diversifying from refining in both it's chemical and pipeline sectors $224 million in earnings came from refining. 

Cabot Oil & Gas $COG announced missing Q3 earnings expectations for the third quarter of 2017 before the market opened Friday. Q3 daily boe production growth rose 12% YoY, with cash flow from operating activities $189.1M compared to $105.4M for the year-ago quarter.

Oil giant ExxonMobil $XOM reported better than expected third quarter earnings Friday as production and Oil-equivalent production was 3.9 million barrels per day, up 2 percent from the prior year.

Chevron $CVX third-quarter results fell short of expectations Friday, however it's revenue was higher as it's shale assets delivered. The stock closed nearly 5% lower Friday at the end of close.

Imperial Oil Limited $IMO, Canada's second-biggest integrated oil company reported missing on the top and bottom line for third quarter earnings before the open Friday. Imperial is majority owned by ExxonMobil $XOM who has 69.6%.

 Technology stocks $AMZN, $GOOG, $MSFT, and $INTC  a combined market cap of nearly $2 trillion and represent 25% of the Nasdaq 100, beat the street expectations.

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