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Pre-market futures are up across the board: +106 points on the Dow, +45 points on the S&P 500 and +195 on the Nasdaq immediately following this important data's release.
Galp Energia (GLPEY) concludes the first phase of exploration of the Mopane field in PEL 83 and estimates that it might contain nearly 10 billion barrels of oil.
Oceaneering (OII) expects Subsea Robotics revenues to grow in the low to mid-teens percentage range in 2024, with a book-to-bill ratio of 1.1-1.3 for Manufactured Products.
Helmerich & Payne (HP) expects a $500 million capital outlay in 2024, with depreciation and amortization expenses of $405 million, and research and development expenses of $37 million.
Stocks like Stride (LRN), PACCAR (PCAR) and Fortuna Silver Mines (FSM) have been selected as the momentum picks for the day using the Driehaus strategy.
Core Laboratories' (CLB) second-quarter 2024 revenues are anticipated to be in the $130-$136 million range, while the operating income is estimated to be in the band of $14.5-$17.3 million.
Transocean's (RIG) drillships have won contract extensions worth $248 million. The extensions have been awarded by Hess Corporation and TotalEnergies in the Gulf of Mexico and Angola, respectively.
Antero Midstream (AM) Q1 earnings are favored by increased compression and gathering volumes. Revenues also witness an increase from the year-ago quarter's level.
Nabors (NBR) expects capital expenditures of $190 million for the second quarter of 2024, with approximately $70 million designated for newbuilds in Saudi Arabia.
The picture emerging from the Q1 earnings season is one of steady improvement and resilience, with the earnings growth pace modestly accelerating and estimates for the coming periods starting to increase. But will the positivity continue?
The picture emerging from the Q1 earnings season is one of steady improvement and resilience, with the earnings growth pace modestly accelerating and estimates for the coming periods starting to increase. But will the positivity continue?
Slowing manufacturing activity may instigate the Fed to cut interest rates earlier-than-expected. While this is a plus for oil ETFs, the U.S. government's efforts to keep oil prices low in the election year may not allow those ETFs to soar ahead.
energy: Archive
RPC (RES) Lags on Q1 Earnings, Reiterates '24 Capex View
by Zacks Equity Research
Decreased activity levels and competitive pricing across various service lines hurt RPC's (RES) earnings in Q1.
HESPositive Net Change SMPositive Net Change YPFPositive Net Change RESNegative Net Change
earnings energy oil-energy
Phillips 66 (PSX) Q1 Earnings Miss, Revenues Increase Y/Y
by Zacks Equity Research
Lower refining margins worldwide and increased expenses hurt Phillips 66's (PSX) earnings in Q1.
HESPositive Net Change SMPositive Net Change YPFPositive Net Change PSXNegative Net Change
earnings energy oil-energy
PCE In-Line to Warmer, Pre-Market Calms; ABBV Beats, XOM Misses
by Mark Vickery
Pre-market futures are up across the board: +106 points on the Dow, +45 points on the S&P 500 and +195 on the Nasdaq immediately following this important data's release.
XOMNegative Net Change ABBVNegative Net Change
consumer-discretionary consumer-staples energy inflation pharmaceuticals
Chevron (CVX) Q1 Earnings Beat on Strong U.S. Production
by Zacks Equity Research
Chevron (CVX) pays $3 billion in dividends during the first quarter and spends around $4.1 billion in capital and exploratory expenditures.
CVXPositive Net Change HALNegative Net Change VLONegative Net Change KMINegative Net Change
earnings energy oil-energy
Can APA Put Together a Strong Q1 Earnings Performance?
by Zacks Equity Research
Higher U.S. output and lease operating expenses are likely to have impacted APA Corporation's (APA) profit levels in the first quarter.
APAPositive Net Change EOGPositive Net Change MPLXPositive Net Change DTMNegative Net Change
energy oil-energy
Galp Energia (GLPEY) Taps Into Vast Hydrocarbon Reserves
by Zacks Equity Research
Galp Energia (GLPEY) concludes the first phase of exploration of the Mopane field in PEL 83 and estimates that it might contain nearly 10 billion barrels of oil.
HESPositive Net Change SUNPositive Net Change SMPositive Net Change GLPEYPositive Net Change
energy oil-energy
ExxonMobil (XOM) Q1 Earnings Miss Estimates, Revenues Fall Y/Y
by Zacks Equity Research
ExxonMobil's (XOM) Q1 earnings suffer due to decreased total production and lower natural gas price realizations.
XOMNegative Net Change EOGPositive Net Change SMPositive Net Change PBFPositive Net Change
earnings energy oil-energy
Oceaneering (OII) Q1 Earnings and Revenues Miss Estimates
by Zacks Equity Research
Oceaneering (OII) expects Subsea Robotics revenues to grow in the low to mid-teens percentage range in 2024, with a book-to-bill ratio of 1.1-1.3 for Manufactured Products.
HESPositive Net Change SUNPositive Net Change SMPositive Net Change OIIPositive Net Change
earnings energy oil-energy
Helmerich & Payne (HP) Q2 Earnings and Revenues Top Estimates
by Zacks Equity Research
Helmerich & Payne (HP) expects a $500 million capital outlay in 2024, with depreciation and amortization expenses of $405 million, and research and development expenses of $37 million.
HPNegative Net Change HESPositive Net Change SUNPositive Net Change SMPositive Net Change
earnings energy oil-energy
3 Best Momentum Stocks to Buy Using the Driehaus Strategy
by Tirthankar Chakraborty
Stocks like Stride (LRN), PACCAR (PCAR) and Fortuna Silver Mines (FSM) have been selected as the momentum picks for the day using the Driehaus strategy.
PCARNegative Net Change LRNPositive Net Change FSMNegative Net Change
energy
Eni (E) to Divest Its UK Upstream Assets to Ithaca Energy
by Zacks Equity Research
Per the deal, Eni (E) will receive new shares in Ithaca Energy, amounting to 38.5% of the total shares post-merger.
HESPositive Net Change EPositive Net Change SMPositive Net Change YPFPositive Net Change
energy oil-energy
Hess (HES) Q1 Earnings Beat on Higher Production Volumes
by Zacks Equity Research
Higher oil equivalent production volumes, and increased oil and gas prices aid Hess' (HES) Q1 earnings.
HESPositive Net Change SMPositive Net Change YPFPositive Net Change TXOPositive Net Change
earnings energy oil-energy
Core Laboratories (CLB) Q1 Earnings and Sales Beat Estimates
by Zacks Equity Research
Core Laboratories' (CLB) second-quarter 2024 revenues are anticipated to be in the $130-$136 million range, while the operating income is estimated to be in the band of $14.5-$17.3 million.
CLBNegative Net Change SUNPositive Net Change SMPositive Net Change MUSAPositive Net Change
earnings energy oil-energy
Antero Resources (AR) Q1 Earnings Beat on Higher Production
by Zacks Equity Research
Antero Resources' (AR) Q1 earnings benefit from higher production volumes, driven by strong well performance and lower operating expenses.
EOGPositive Net Change SMPositive Net Change PBFPositive Net Change ARPositive Net Change
earnings energy oil-energy
Transocean (RIG) Prolongs Its Stay With Hess and TotalEnergies
by Zacks Equity Research
Transocean's (RIG) drillships have won contract extensions worth $248 million. The extensions have been awarded by Hess Corporation and TotalEnergies in the Gulf of Mexico and Angola, respectively.
RIGPositive Net Change HESPositive Net Change SUNPositive Net Change SMPositive Net Change
energy oil-energy
Valero (VLO) Q1 Earnings Beat Estimates, Revenues Miss
by Zacks Equity Research
Valero's (VLO) Q1 earnings gain from a decline in total cost of sales.
VLONegative Net Change EOGPositive Net Change SMPositive Net Change PBFPositive Net Change
earnings energy oil-energy
Antero Midstream (AM) Q1 Earnings Meet Estimates, Revenues Top
by Zacks Equity Research
Antero Midstream (AM) Q1 earnings are favored by increased compression and gathering volumes. Revenues also witness an increase from the year-ago quarter's level.
HESPositive Net Change SUNPositive Net Change SMPositive Net Change AMNegative Net Change
earnings energy oil-energy
Why ExxonMobil (XOM) Might Surprise This Earnings Season
by Zacks Equity Research
ExxonMobil (XOM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
XOMNegative Net Change
energy oil-energy
Marathon (MRO) Q1 Earnings on Deck: Here's How It Will Fare
by Zacks Equity Research
A drop in production is likely to have impacted the first-quarter earnings of Marathon Oil (MRO).
XOMNegative Net Change MROPositive Net Change MPLXPositive Net Change DTMNegative Net Change
energy oil-energy
Nabors (NBR) Incurs Loss in Q1 Earnings Season, Sales Beat
by Zacks Equity Research
Nabors (NBR) expects capital expenditures of $190 million for the second quarter of 2024, with approximately $70 million designated for newbuilds in Saudi Arabia.
NBRPositive Net Change SUNPositive Net Change SMPositive Net Change MUSAPositive Net Change
earnings energy oil-energy
3 Potential Opportunities in the Oil & Gas Drilling Industry
by Nilanjan Choudhury
Following a careful analysis of the Zacks Oil and Gas - Drilling industry, we advise focusing on companies like SAPMF, HP and PDS.
SAPMFNo Net Change HPNegative Net Change PDSPositive Net Change
energy oil-energy
Breaking Down Q1 Earnings Results
by Sheraz Mian
The picture emerging from the Q1 earnings season is one of steady improvement and resilience, with the earnings growth pace modestly accelerating and estimates for the coming periods starting to increase. But will the positivity continue?
CVXPositive Net Change XOMNegative Net Change
earnings energy tech-stocks
Breaking Down Q1 Earnings Results
by Sheraz Mian
The picture emerging from the Q1 earnings season is one of steady improvement and resilience, with the earnings growth pace modestly accelerating and estimates for the coming periods starting to increase. But will the positivity continue?
CVXPositive Net Change XOMNegative Net Change
earnings energy tech-stocks
EQT Q1 Earnings Top Estimates on Higher Sales Volumes
by Zacks Equity Research
EQT's Q1 earnings and revenues beat estimates owing to an increase in sales volumes and lease operating expenses coming in lower than expected.
EQTPositive Net Change SUNPositive Net Change SMPositive Net Change WESNegative Net Change
earnings energy oil-energy
U.S. Oil Hovers Around $83: What Lies Ahead for ETFs?
by Sanghamitra Saha
Slowing manufacturing activity may instigate the Fed to cut interest rates earlier-than-expected. While this is a plus for oil ETFs, the U.S. government's efforts to keep oil prices low in the election year may not allow those ETFs to soar ahead.
USONegative Net Change DBOPositive Net Change USLPositive Net Change OILKPositive Net Change
energy etfs