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British oil giant $BP reported its second quarter earnings Tuesday, the last of the oil majors to report. BP is benefiting from cost cutting but still feeling the effect of the Deepwater Horizon disaster.

Shale play Devon Energy $DVN reported better than expected second quarter earnings after the market close Tuesday. Devon lowered CAPEX spending alomg with other key Shale names in the Permian, Marcellus and Utica.

Pioneer Natural Resources $PXD shares were crushed 7.5% after they said they were behind in completions and would not accelerate activity. This left forward guidance lower and questionable.

Independent oil and natural gas company $EOG Resources reported mixed second quarter earnings after the market close Tuesday. $EOG reported alongside other shale plays Diamondback Energy $FANG and Devon Energy $DVN.

Texas independent oil and natural gas company Diamondback Energy $FANG reported second quarter earnings Tuesday, increasing full year production guidance while decreasing CAPEX and cash cost guidance. 

Houston based oil refiner Phillips 66 $PSX on Tuesday reported better than expected 2Q17 earnings as refining and petrochemical revenues strengthened. Refining is recovering some after low fuel prices hit profit margins.

U.S. Silica Holdings Inc. $SLCA shares were pummeled over 7.5 % after it's second quarter earnings missed expectations. The stocks have been under pressure with frac sand overcapacity concerns.

The Pure Fracking play Keane Group $FRAC reported mixed second quarter earnings after the market close Monday. $FRAC was the first IPO of 2017 and it's footprint is in the Permian Basin, Marcellus Shale/Utica Shale, the SCOOP/STACK Formation and the Bakken Formation.

Deep Sea Driller Diamond Offshore Drilling $DO swung to profit in the second quarter 2017 on Monday buoyed by Ultra-Deepwater contracts. $DO is up 5% on the earnings. 

Consumer electronics giant Apple $AAPL reports fiscal Q3 results on Tuesday after the market close. Investors however are focused forward to the company's 10th-anniversary iPhone 8 due out this fall. How much will DRAM and NAND prices affect margins?

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