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Texas independent oil and natural gas company Diamondback Energy reported worse than expected fourth second quarter earnings after the market close Tuesday. $FANG increased full year production guidance and lowered expenditure outlook.

Retail giant Wal-Mart on Tuesday reported better than expected Fourth-quarter earnings and reiterated for Q1. U.S. same-store sales rose 4.0%, continuing near 10 years highs, e-commerce sales jumped 42% as it continued to inch into $AMZN's space.

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%.

Viper Energy Partners LP, a subsidiary of Diamondback energy reported fourth quarter earnings after the market close Tuesday. Last quarter $VNOM surpassed $1 billion in aquistions since it's IPO four years ago.Q4 saw higher production, offset by lower average sales prices.

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.

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