On Tuesday, Shares of Oasis Petroleum Inc. (NYSE:OAS), lost -2.53% to $10.80.
Oasis Petroleum, planned to declare its second quarter 2015 financial and operational results on Tuesday, August 4, 2015 after the close of trading on the NYSE. Additionally, the Company will host a conference call on Wednesday, August 5, 2015 at 10:00 a.m. Central Time to talk about financial and operational results for the quarter.
Oasis Petroleum Inc., an independent exploration and production company, focuses on the acquisition and development of unconventional oil and natural gas resources in the North Dakota and Montana regions of the Williston Basin.
Shares of Baker Hughes Incorporated (NYSE:BHI), inclined 1.98% to $60.64, during its last trading session.
Baker Hughes Incorporated declared results for the second quarter of 2015.
Martin Craighead, Baker Hughes Chairman and Chief Executive Officer, commented, “Revenue of $4 billion for the second quarter declined 33% year-over-year, outperforming the 36% drop in the global rig count, despite incremental headwinds from deteriorating pricing and unfavorable currency changes. Even though the severity of the revenue decline has compressed our margins, we have minimized the impact by aggressively reducing costs and rightsizing our operational footprint. These actions have resulted in decremental margins of 35% contrast to the preceding year, a noteworthy improvement from the preceding industry downturn. Furthermore, earnings for the quarter were influenced by an unfavorable tax rate which resulted primarily from a change in the geographic mix of earnings.
Baker Hughes Incorporated supplies oilfield services, products, technology, and systems to the oil and natural gas industry worldwide. The company offers drilling and evaluation products and services, which comprise drill bits for performance drilling, hole enlargement, and coring; conventional and rotary steerable systems used to drill wells; measurement-while-drilling and logging-while-drilling systems to perform reservoir navigation services; drilling optimization services; tools for coil tubing drilling and wellbore re-entry systems; coring drilling systems; surface logging; emulsion and water-based drilling fluids systems; reservoir drill-in fluids; and fluids environmental services.
Finally, W&T Offshore, Inc. (NYSE:WTI), ended its last trade with 4.19% gain, and closed at $4.48.
W&T Offshore, declared that it will release its second quarter 2015 financial and operational results after the market closes on Wednesday, August 5. In conjunction with the release, the Company has planned a conference call, which will also be broadcast live over the Internet, on Thursday, August 6 at 9:30 a.m. Eastern Time (8:30 a.m. Central Time).
W&T Offshore, Inc., an independent oil and natural gas producer, together with its auxiliaries, engages in the acquisition, exploration, and development of oil and natural gas properties primarily in the Gulf of Mexico and onshore in the Permian Basin of West Texas.
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