US25271C2017 - Common Stock
/PRNewswire/ -- Diamond Offshore Drilling, Inc. (NYSE: DO) today reported the following results for the first quarter of 2022: Three Months Ended Thousands of...
From ExxonMobil to Diamond Offshore Drilling, here's why energy companies large and small had a terrible year.
Loews (NYSE:L) swings to a Q2 net loss per share of $2.96 compared with net income of 82 cents per share in the year-ago quarter, driven by a $957M writedown on the carrying value of its interest in Diamond Offshore Drilling (NYSE:DO) as a result of its bankruptcy filing, significant catastrophe losses at CNA Financial (NYSE:CNA), and operating losses at Loews Hotels.Those negative factors were partly offset by increased net investment income at CNA and the parent company as well as investment gains at CNA.Book value per share slid to $61.35 at June 30, 2020 vs.
The coronavirus-triggered oil price plunge and the slowdown in business activity spark the second wave of bankruptcy for offshore drilling companies.
If the crude price recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs in oil plays.
The industry, which has already seen a few notable bankruptcies, will probably witness many more in the coming months.
If the crude price recovery sustains, since more people are getting back to work on easing lockdown measures, many explorers will consider adding rigs in oil plays.
Explorers and producers may again start adding rigs in shale plays if oil sustains recovery.
Explorers and producers may start adding rigs in shale plays since the energy sector is stealing the show again, with oil gradually entering the bullish territory.
Domestic drillers may continue to lower rigs in oil patches since global energy demand has declined drastically owing to worldwide social-distancing measures taken to combat the pandemic.
Domestic drillers may continue to lower rigs in oil patches since global energy demand has declined drastically owing to the coronavirus pandemic.
Oil drillers in the Permian basin continue to remove rigs since the coronavirus pandemic dented global energy demand.
Oil is surging 10%, bringing fresh attention to the energy sector. Here's how you can profit with a heavy hitter like Chevron stock.
Oil companies have been taking advantage of the stimulus bill to collect millions in tax rebates.
Almost all of the publicly traded companies in it are at risk of bankruptcy this year.
The economic uncertainty driven by the Covid-19 pandemic has pushed struggling companies over the edge into bankruptcy proceedings.
Hurt by the economic disruption cause by the COVID-19 pandemic, Loews (NYSE:L) turns in a Q1 net loss of $632M, or $2.20 per share vs. net income of $394M, or $1.27 per share, in the year-ago quarter.
ConocoPhillip's Ryan Lance said on "Power Lunch" that his company is looking at potential acquisitions as the energy sector struggles with low oil prices.
Diamond Offshore Drilling (DO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
Chesapeake Energy completed its reverse split on April 15. Since then, CHK stock is up 19%. This doesn’t make it a buy. Here’s why.
Diamond Offshore Drilling (NYSE:DO) down 61.2% pre-market after the company sues Beach Energy (OTCPK:BEPTF) for abruptly terminating a $65M drilling contract.Beach Energy ended the agreement, claiming
Stocks rose after Georgia, Oklahoma, Alaska and South Carolina began to reopen over the weekend. The Covid-19 pandemic had forced much of the nation into a shutdown. Other states are looking to loosen restrictions, as well.
Enphase Energy (NASDAQ:ENPH) is up 5.1% postmarket after news that it's replacing Core Laboratories (NYSE:CLB) in the S&P MidCap 400. Core Labs is moving down to the S&P SmallCap 600 to repla
Diamond Offshore Drilling (DO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In trading on Monday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.4%. Helping drag down the group were shares of Chesapeake Energy, off about 26% and shares of Denbury Resources off about 17.3% on the day.
Stocks generally rose on Monday morning.
Oil prices tumbled Monday as more signs emerged that the glut of crude supplies on world markets will overwhelm storage capacity soon.
Offshore oil-services firm Diamond Offshore filed for bankruptcy protection on Monday, a move that wasn’t a big surprise but nonetheless caused the stock to plunge. The industry may be whittled down to a few larger players, one analyst says.