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.
Highlights of Oil & Gas Energy Earnings Reports This Week
Energy company earnings kicked off this week with oil service giants $SLB & $HAL, Oil majors $XOM $RDG.A $COP and $CVX, Pipelines $TCP Natural gas $ECA $COP. Catch up on all the energy earnings you may have missed.
Cabot Oil and Gas $COG Misses Earnings, Raises Production Guidance
Cabot Oil & Gas $COG announced less than expected second second quarter 2017 results before the market open Friday. A highlight was Cabot generated positive free cash flow for the fifth consecutive quarter.
ConocoPhillips $COP Beat Earnings and Revenue on Higher Prices
ConocoPhillips $COP reported better than expected second quarter earnings before the market opened Thursday. $COP is the largest U.S. based independent exploration and production firm.
Refiner Valero Energy $VLO Beats Earnings
Valero Energy Corporation $VLO, the largest independent refiner and marketer of petroleum products in the U.S. reported better than expected second-quarter results Thursday before the open.
EQT Corp Beat Earnings With Gain on Natural Gas Prices
EQT Corporation $EQT reported stronger than expected second quarter results Thursday, primarily due to an increase in natural gas prices. EQT acquired Rice Energy last month.
Royal Dutch Shell Triples Profits on Refining and Chemicals
Royal Dutch Shell $RDS.A reported strong second quarter results Thursday, tripling profits before the market opened. Shell leads off big oil earnings with Exxon Mobil and Chevron tomorrow.
Hess $HES Misses Earnings, Where Now With Lower Oil Prices?
Hess Corporation (HES) reported second-quarter 2017 earnings below expectations before the market opened. Stock off 4% with realized prices and debt concerns.
EIA Oil Inventories Crude -7208 Draw, Gasoline -1015 Draw #TCOIL
The TCOIL preview for this week’s EIA DOE Weekly Petroleum Status Report highlights the key variable to watch out for. Crude oil markets are watching for production and product use with the all important import export trade.
Anadarko Petroleum $APC Falls 4% After More Losses & Cutting Budget
Oil and gas development company Andarko Petroleum $APC reported disappointing second quarter 2017 results on Monday sending the stock 4% lower