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energy: Archive

Zacks Equity Research

RPC (RES) Lags on Q1 Earnings, Reiterates '24 Capex View

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

Zacks Equity Research

Phillips 66 (PSX) Q1 Earnings Miss, Revenues Increase Y/Y

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

Mark Vickery

PCE In-Line to Warmer, Pre-Market Calms; ABBV Beats, XOM Misses

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

Zacks Equity Research

Chevron (CVX) Q1 Earnings Beat on Strong U.S. Production

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

Zacks Equity Research

Can APA Put Together a Strong Q1 Earnings Performance?

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

Zacks Equity Research

Galp Energia (GLPEY) Taps Into Vast Hydrocarbon Reserves

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

Zacks Equity Research

ExxonMobil (XOM) Q1 Earnings Miss Estimates, Revenues Fall Y/Y

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

Zacks Equity Research

Oceaneering (OII) Q1 Earnings and Revenues Miss Estimates

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

Zacks Equity Research

Helmerich & Payne (HP) Q2 Earnings and Revenues Top Estimates

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

Tirthankar Chakraborty

3 Best Momentum Stocks to Buy Using the Driehaus Strategy

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

Zacks Equity Research

Eni (E) to Divest Its UK Upstream Assets to Ithaca Energy

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

Zacks Equity Research

Hess (HES) Q1 Earnings Beat on Higher Production Volumes

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

Zacks Equity Research

Core Laboratories (CLB) Q1 Earnings and Sales Beat Estimates

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

Zacks Equity Research

Antero Resources (AR) Q1 Earnings Beat on Higher Production

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

Zacks Equity Research

Transocean (RIG) Prolongs Its Stay With Hess and TotalEnergies

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

Zacks Equity Research

Valero (VLO) Q1 Earnings Beat Estimates, Revenues Miss

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

Zacks Equity Research

Antero Midstream (AM) Q1 Earnings Meet Estimates, Revenues Top

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

Zacks Equity Research

Why ExxonMobil (XOM) Might Surprise This Earnings Season

ExxonMobil (XOM) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

XOMNegative Net Change

Zacks Equity Research

Marathon (MRO) Q1 Earnings on Deck: Here's How It Will Fare

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

Zacks Equity Research

Nabors (NBR) Incurs Loss in Q1 Earnings Season, Sales Beat

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

Nilanjan Choudhury

3 Potential Opportunities in the Oil & Gas Drilling Industry

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

Sheraz Mian

Breaking Down Q1 Earnings Results

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

Sheraz Mian

Breaking Down Q1 Earnings Results

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

Zacks Equity Research

EQT Q1 Earnings Top Estimates on Higher Sales Volumes

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

Sanghamitra Saha

U.S. Oil Hovers Around $83: What Lies Ahead for ETFs?

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