Occidental Petroleum (NYSE:OXY) reported Q2 adjusted diluted earnings of $0.68 per share, down from $3.16 a year earlier. Analysts surveyed by Capital IQ expected $0.76. Revenue for the quarter ended June 30 was $6.73 billion, down from $10.74 billion a year earlier. Analysts polled by Capital IQ expected $6.74 billion.
Occidental Petroleum (NYSE:OXY) Q2 Adjusted Earnings, Revenue Decline Read Post »
Goldman Sachs Adjusts Price Target on Exxon Mobil (NYSE:XOM) to $115 From $113, Maintains Neutral Rating.
Goldman Sachs Adjusts Price Target on Exxon Mobil (NYSE:XOM) to $115 From $113 Read Post »
Barclays analyst David Anderson maintains Schlumberger (NYSE:SLB) with a Overweight and lowers the price target from $74 to $70.
Barclays lowers Schlumberger (NYSE:SLB) price target from $74 to $70 Read Post »
Morgan Stanley analyst Connor Lynagh reiterates Schlumberger (NYSE:SLB) with a Overweight and maintains $62 price target.
Morgan Stanley maintains Schlumberger (NYSE:SLB) $62 price target Read Post »
Barclays analyst Theresa Chen maintains Marathon Petroleum (NYSE:MPC) with a Overweight and raises the price target from $124 to $132.
Barclays raises Marathon Petroleum (NYSE:MPC) price target from $124 to $132 Read Post »
Marathon Petroleum Corp. (NYSE: MPC) today reported net income attributable to MPC of $2.2 billion, or $5.32 per diluted share, for the second quarter of 2023, compared with net income attributable to MPC of $5.9 billion, or $10.95 per diluted share, for the second quarter of 2022. The second quarter of 2023 adjusted earnings before interest, taxes, depreciation, and amortization (adjusted EBITDA) was $4.5 billion, compared with $9.1 billion for the second quarter of 2022. “Our second quarter results reflect continued execution against our strategic initiatives,” said President and Chief Executive Officer Michael J. Hennigan. “The business generated $4.0 billion of net cash provided by operating activities and we returned $3.4 billion through share repurchases and dividends during the quarter.”
Marathon Petroleum (NYSE:MPC) Q2 2023 Results Read Post »
Morgan Stanley analyst Connor Lynagh reiterates Marathon Petroleum (NYSE:MPC) with a Overweight and maintains $150 price target.
Morgan Stanley maintains Marathon Petroleum (NYSE:MPC) $150 price target Read Post »
Raymond James analyst Justin Jenkins maintains Marathon Petroleum (NYSE:MPC) with a Strong Buy and raises the price target from $150 to $165.
Raymond James raises Marathon Petroleum (NYSE:MPC) price target from $150 to $165 Read Post »
Devon Energy (NYSE:DVN) reported quarterly earnings of $1.18 per share, which beat the analyst consensus estimate of $1.17, a 54.44% decrease over earnings of $2.59 per share from last year. Devon also reported that oil production reached an all-time high of 323,000 barrels per day in the second quarter. The company expects to sustain production in the range of 643,000 to 663,000 Boe per day for the full-year 2023. Furthermore, operating cash flow totaled $1.4 billion in the second quarter, which funded all the company’s capital requirements. The result was $326 million of free cash flow for the quarter.
Devon Energy (NYSE:DVN) reported Q2 diluted earnings late Tuesday of $1.07, down from $2.93 a year earlier. Analysts surveyed by Capital IQ expected $1.20. Revenue for the quarter ended June 30 was $3.45 billion, down from $5.63 billion a year earlier. Analysts polled by Capital IQ expected $3.54 billion.
Devon Energy (NYSE:DVN) Q2 Earnings, Revenue Decline Read Post »
Chevron (NYSE:CVX) Q2 Adj. EPS $3.08 Misses $3.28 Estimate, Sales $48.90B Beat $48.80B Estimate.
Chevron (NYSE:CVX) Q2 Adj. EPS $3.08 Misses $3.28 Estimate Read Post »
Chevron (NYSE:CVX) reported Q2 adjusted earnings Friday of $3.08 per diluted share, down from $5.82 a year earlier. Analysts polled by Capital IQ expected $2.98. Revenue for the quarter ended June 30 was $48.90 billion compared with $68.76 billion a year earlier. Analysts surveyed by Capital IQ estimated $48.00 billion. Chevron said its board declared a quarterly dividend of $1.51 per share, payable Sept. 11 to shareholders on record as of Aug. 18.
Chevron (NYSE:CVX) Q2 Adjusted Earnings, Revenue Decline Read Post »