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energy: Archive

Sweta Killa

Energy ETFs in Focus as Exxon Beats, Chevron Disappoints

Two energy behemoths - Exxon Mobil Corp. (XOM) and Chevron Corp. (CVX) - came up with varied second-quarter results recently.

CVXPositive Net Change XOMPositive Net Change XLEPositive Net Change IYEPositive Net Change VDEPositive Net Change FENYPositive Net Change DRLLPositive Net Change

Zacks Equity Research

EOG Resources (EOG) Tops on Q2 Earnings, Ups '24 Output View

Higher oil-equivalent production volumes, increased crude oil and condensates, and NGL price realizations aid EOG Resources' (EOG) earnings in Q2.

FTIPositive Net Change EOGPositive Net Change NOGPositive Net Change

Zacks Equity Research

TC Energy (TRP) Partners With Indigenous Communities in Canada

TC Energy's (TRP) historic partnership with the Indigenous Communities should enable the latter to gain access to long-term revenue sources, creating a positive change for the communities.

SMPositive Net Change TRPPositive Net Change EGYPositive Net Change ETNegative Net Change

Zacks Equity Research

PBF Energy (PBF) Q2 Earnings Miss on Lower Refining Margins

PBF Energy (PBF) Q2 earnings get affected by lower throughput volumes and a fall in refining margins. Increased total costs and expenses also impact earnings.

SMPositive Net Change EGYPositive Net Change ETNegative Net Change PBFPositive Net Change

Zacks Equity Research

Cactus (WHD) Surpasses Q2 Earnings and Revenue Estimates

Cactus' (WHD) Q2 earnings and revenues top estimates on increased customer drilling activity. This is partially offset by lower contributions from both the segments. WHD expects a relatively stable U.S. land activity level in Q3.

SUNPositive Net Change SMPositive Net Change BKRPositive Net Change WHDPositive Net Change

Zacks Equity Research

Southwestern (SWN) Q2 Earnings Beat Estimates, Revenues Miss

Southwestern's (SWN) Q2 earnings gain from higher oil price realization, partially offset by lower gas-equivalent production volumes and lower realized gas prices.

SWNPositive Net Change SUNPositive Net Change SMPositive Net Change BKRPositive Net Change

Zacks Equity Research

What Prompted Chevron (CVX) in Moving HQ Location to Texas?

The move offers several benefits to Chevron (CVX), including a favorable business climate and proximity to industry resources.

CVXPositive Net Change ORCLPositive Net Change TSLANegative Net Change HPEPositive Net Change

Zacks Equity Research

ProPetro (PUMP) Q2 Earnings Fall Y/Y, Sales Lag Estimates

ProPetro (PUMP) expects full-year 2024 capital expenditures to be between $175 million and $200 million, with 14 active frac fleets operating in the third quarter of 2024.

HALPositive Net Change KMIPositive Net Change PUMPPositive Net Change LBRTPositive Net Change

Zacks Equity Research

Magnolia (MGY) Q2 Earnings Rise Y/Y, Revenues Lag Estimates

Magnolia (MGY) plans to invest $120 million in drilling and completion in the third quarter of 2024, with an anticipated production of 91,000 barrels of oil equivalent per day.

HALPositive Net Change KMIPositive Net Change LBRTPositive Net Change MGYPositive Net Change

Zacks Equity Research

ExxonMobil (XOM) Q2 Earnings Top Estimates on Higher Production

ExxonMobil (XOM) Q2 earnings gain from higher crude realizations and contributions from the Pioneer acquisition.

XOMPositive Net Change SMPositive Net Change EGYPositive Net Change ETNegative Net Change

Zacks Equity Research

What's in Store for Newpark Resources (NR) in Q2 Earnings?

Newpark Resources (NR) is likely to have experienced reduced demand for its services in Q2 due to decreased drilling activities, and lower spending on upstream activities by explorers and producers.

WMBPositive Net Change SUNPositive Net Change MPLXNegative Net Change NRPositive Net Change

Zacks Equity Research

Chevron (CVX) Q2 Earnings Miss on Natural Gas, Refining Woes

Chevron (CVX) pays $3 billion in dividends during the second quarter and spends around $4 billion in capital and exploratory expenditures.

CVXPositive Net Change HALPositive Net Change VLOPositive Net Change KMIPositive Net Change

Zacks Equity Research

Linde's (LIN) Q2 Earnings Beat Estimates, Revenues Rise Y/Y

Higher pricing from the Americas segment aids Linde's (LIN) Q2 earnings, offset partially by lower contributions from the Engineering business unit.

SUNPositive Net Change SMPositive Net Change BKRPositive Net Change LINPositive Net Change

Zacks Equity Research

Transocean's (RIG) Q2 Loss Wider Than Expected, Revenues Lag

Transocean (RIG) expects full-year 2024 operations and maintenance costs to range between $2.2 billion and $2.3 billion, with general and administrative costs anticipated to be $215 million.

BPPositive Net Change RIGPositive Net Change HALPositive Net Change LBRTPositive Net Change

Zacks Equity Research

APA Q2 Earnings Top as Callon Acquisition Drives Production

APA Corporation (APA) bought back 1.5 million shares at $28.72 apiece during the second quarter. The company also shelled out $92 million in dividend payment.

COPPositive Net Change APAPositive Net Change EQTNegative Net Change NOGPositive Net Change

Ethan Feller

Defensive Sectors Breakout: 3 Stocks to Buy Now for Protection

AvalonBay Communities, Regeneron Pharmaceuticals and Public Service Enterprise Group are all rallying as investors rotate into defensive sectors

REGNNegative Net Change AVBPositive Net Change PEGNegative Net Change QQQPositive Net Change XLEPositive Net Change XLVPositive Net Change XLUPositive Net Change SOXXPositive Net Change XLREPositive Net Change

Zacks Equity Research

Vitesse Energy (VTS) to Report Q2 Earnings: What's in Store?

A decline in natural gas prices and higher capex are likely to have affected Vitesse Energy's (VTS) earnings in Q2.

WMBPositive Net Change SUNPositive Net Change MPLXNegative Net Change VTSPositive Net Change

Zacks Equity Research

Hamilton Beach (HBB) Q2 Earnings Rise Y/Y, 2024 View Robust

Higher sales volumes and a favorable product mix aid Hamilton Beach's (HBB) earnings in Q2.

HBBPositive Net Change

Zacks Equity Research

Antero Resources (AR) Q2 Earnings and Revenues Miss Estimates

Antero Resources (AR) Q2 earnings and revenues bear the brunt of a low natural gas and oil production. The company increases its 2024 gas-equivalent production guidance to 3.375-3.425 Bcfe/d.

SMPositive Net Change EGYPositive Net Change ETNegative Net Change ARPositive Net Change

Zacks Equity Research

Antero Midstream (AM) Q2 Earnings Top on Gathering Volumes

Antero Midstream's (AM) Q2 earnings and revenues gain on increased high-pressure gathering volumes.

SMPositive Net Change AMNegative Net Change EGYPositive Net Change ETNegative Net Change

Zacks Equity Research

ConocoPhillips (COP) Q2 Earnings Miss, Revenues Increase Y/Y

ConocoPhillips (COP) reports lower-than-expected Q2 earnings, primarily due to increased total costs and expenses. This is somewhat counterbalanced by higher oil equivalent production volumes and elevated average realized oil equivalent prices.

COPPositive Net Change SUNPositive Net Change SMPositive Net Change BKRPositive Net Change

Zacks Equity Research

Implied Volatility Surging for Babcock (BW) Stock Options

Investors need to pay close attention to Babcock (BW) stock based on the movements in the options market lately.

BWPositive Net Change

Zacks Equity Research

Marathon (MPC) Q2 Earnings on Deck: Here's How It Will Fare

Lower refining margins are likely to have impacted the second-quarter earnings of Marathon Petroleum (MPC).

SUNPositive Net Change MPCPositive Net Change MPLXNegative Net Change SOIPositive Net Change

Zacks Equity Research

Diamondback's (FANG) Q2 Earnings Preview: Things to Consider

Strong production is likely to have supported the second-quarter earnings of Diamondback Energy (FANG), only to be pegged back by lower natural gas prices.

SUNPositive Net Change MPLXNegative Net Change FANGPositive Net Change SOIPositive Net Change

Zacks Equity Research

Ovintiv's (OVV) Q2 Earnings Beat Estimate, Revenues Lag

Ovintiv (OVV) expects capital expenditure in the $530-$570 million range for the third quarter of 2024 and between $2.25 and $2.35 billion for the full year.

HALPositive Net Change KMIPositive Net Change LBRTPositive Net Change OVVPositive Net Change