On Thursday, Shares of Transocean Ltd. (NYSE:RIG), lost -6.51% to $14.07.
Transocean stated net income attributable to controlling interest of $342 million, $0.93 per diluted share, for the three months ended June 30, 2015. Second quarter 2015 results comprised of net unfavorable items of $66 million, $0.18 per diluted share, as follows:
- $653 million, $1.79 per diluted share, associated with an impairment of the Midwater Floater asset group due primarily to the deterioration of the market outlook for this rig class;
- $144 million, $0.39 per diluted share, primarily related to impairment of assets held for sale; and
- $11 million, $0.03 per diluted share, in costs related to one-time termination benefits.
These net unfavorable items were partially offset by:
- $735 million, $2.02 per diluted share, associated with Macondo-related settlement agreements and insurance recoveries; and
- $7 million, $0.01 per diluted share, associated with the gain on disposal of assets and other miscellaneous items.
Transocean Ltd., together with its auxiliaries, provides offshore contract drilling services for oil and gas wells worldwide. The company primarily offers deepwater and harsh environment drilling services.
Shares of Sysco Corporation (NYSE:SYY), declined -0.28% to $38.52, during its last trading session.
Sysco Corporation declared the following promotions and changes in responsibility within its executive leadership team. Each of these leaders reports to Bill DeLaney, Sysco’s president and chief executive officer.
Paul Moskowitz, formerly senior vice president-Human Resources, was promoted to executive vice president-Human Resources.
Scott Charlton, formerly senior vice president-Distribution Services, was promoted to executive vice president-Supply Chain.
Additionally, Russell Libby, formerly executive vice president-Corporate Affairs and chief legal officer, was named executive vice president-Administration and corporate secretary.
Sysco Corporation, through its auxiliaries, markets and distributes a range of food and related products primarily to the foodservice or food-away-from-home industry.
Finally, Canadian Natural Resources Limited (NYSE:CNQ), ended its last trade with -3.58% loss, and closed at $23.70.
Canadian Natural Resources Limited - Commenting on second quarter results, Steve Laut, President of Canadian Natural stated, “Canadian Natural is in a strong position. Our strong, diverse and well balanced asset base, and the effectiveness of our strategies, combined with our ability to execute these strategies, allows us to react quickly in this challenging commodity price environment.
In the second quarter, we delivered operationally, achieving record gas production at 1.779 Bcf/d, which exceeded production guidance and raised 9% over the same quarter in 2014. Oil production was strong, and we expect to deliver annual oil production at the midpoint of guidance despite the forest fire impact on second quarter oil production.
Canadian Natural’s operations continue to be effective and efficient. We have been able to achieve noteworthy cost savings through better effectiveness, efficiency and innovation. Both operating and capital costs were down significantly from the second quarter in 2014 to the second quarter of this year.”
Canadian Natural Resources Limited acquires, explores for, develops, produces, markets, and sells crude oil, natural gas, and natural gas liquids (NGLs). The company offers light and medium crude oil, primary heavy crude oil, Pelican Lake heavy crude oil, bitumen, and synthetic crude oil (SCO).
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.
