Investors are bracing for weaker results from U.S. shale players in coming days ...
) stock plunged 22% in a day after cutting its production outlook, blaming well designs that hurt output.Concho is expected to report earnings of 69 cents per share for the quarter, down from $1.42 a year ago. Top U.S. independent Conoco is expected to post earnings per share of 75 cents, compared with $1.36 a year ago, according to IBES data from Refinitiv.
“We will continue to see growth, but it will be decelerated, and meaningfully decelerated from where it has been for the last three years,” said Bobby Tudor, chairman of Tudor, Pickering, Holt & Co, in an interview this month on the sidelines of a conference. He based the forecast on U.S. oil at about $50 a barrel.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US futures point to slightly higher openU.S. stock index futures were slightly higher Monday morning, as investors prepared for the busiest week of earnings season.
Lire la suite »
Oil drops after data shows industrial profits decline in ChinaAfter strong gains last week, oil prices were slightly lower on Monday as data r...
Lire la suite »
Iran would need oil at $195 a barrel next year to balance budget: IMFIran would need oil priced at $194.6 a barrel to balance its budget next year, t...
Lire la suite »
Oil holds steady as Russia reaffirms commitment to output cutsOil prices were steady on Monday, holding on to strong gains last week, after Ru...
Lire la suite »
Treasury yields move higher as investors monitor earnings, auctionsU.S. government debt prices were slightly lower Monday morning.
Lire la suite »
Russia: OPEC+ will factor in weak U.S. output at December meeting - TASSRussia's energy ministry said on Monday that OPEC and its oil-exporting all...
Lire la suite »