EIA data showed commercial U.S. crude stockpiles have fallen by more than 100 million barrels since April.
The Zacks Analyst Blog Highlights: Chevron, Bill Barrett, Helmerich & Payne and Eclipse Resources
Chevron (CVX) set its 2018 capital budget at $18.3 billion, down 4% from its projected spending this year, while Bill Barrett (BBG) and Helmerich & Payne (HP) struck separate acquisition deals.
Collaboration with MagVAR is a prudent move by Helmerich & Payne (HP) as it will enhance the technological expertise of the company further.
Oil rose to a two-year high on Wednesday boosted by Keystone pipeline outage and expectations that oil producing countries will agree to extend a production cut deal.
Contract driller Helmerich & Payne (HP) reported lower fourth-quarter loss on improved activity in U.S. land operations.
Contract drilling services provider Helmerich & Payne (HP) reported narrower-than-expected Q4 loss, while revenues came above analyst estimates.
Helmerich & Payne (HP) is seeing encouraging earnings estimate revision activity as of late and carries a favorable rank, positioning the company for a likely beat this season.
Helmerich & Payne's (HP) Q4 results are likely to benefit from its advanced FlexRig and rising momentum in the U.S. markets on recovering oil prices.
Yet another quarter of solid contribution from Pressure Pumping segment drives Patterson-UTI's (PTEN) Q3 earnings.
Atwood Oceanics (ATW) agreement for contract expansion at higher rates underscore the improvement in the offshore drilling business as oil prices have started to stabilize.
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