On Friday, Shares of Chesapeake Energy Corporation (NYSE:CHK), lost -2.65% to $11.37, as U.S. oil futures posted their biggest weekly decline Friday since March amid concerns about a continued oversupply of crude oil and potential weaker demand from the eurozone and China.
Light, sweet crude for August delivery settled down 4 cents, or 0.1%, at $52.74 a barrel on the New York Mercantile Exchange. The contract lost 7.4% this week, the biggest one-week drop since March, according to WSJ.
Today, oil prices dropped as Iran and global powers appeared close to a historic deal that would loosen sanctions in exchange for curbs on Tehran’s nuclear program. CNN Reports.
Chesapeake Energy Corporation produces oil and natural gas through acquisition, exploration, and development of from underground reservoirs in the United States.
Shares of United Continental Holdings, Inc. (NYSE:UAL), inclined 4.22% to $55.51, during its last trading session.
United Continental Holdings, stated June 2015 operational results.
UAL’s June 2015 merged traffic (revenue passenger miles) raised 1.3 percent and merged capacity (accessible seat miles) raised 2.2 percent as compared to June 2014. UAL’s June 2015 merged load factor reduced 0.8 points contrast to June 2014.
United Continental Holdings, Inc., together with its auxiliaries, provides air transportation services in North America, the Asia-Pacific, Europe, the Middle East, Africa, and Latin America. It transports people and cargo through its mainline operations, which use jet aircraft with at least 118 seats, and its regional operations. As of December 31, 2014, the company operated a fleet of 1,257 aircraft.
Finally, Loews Corporation (NYSE:L), ended its last trade with 1.12% gain, and closed at $38.83.
Diamond Offshore Drilling, declared that it will issue a press release and host a conference call and webcast related to its second quarter 2015 operating results on Monday, August 3, 2015. The conference call and webcast will start at 7:30 a.m. CDT and will comprise a discussion by administration regarding the Company’s results of operation.
Loews Corporation, through its auxiliaries, operates as a commercial property and casualty insurance company primarily in the United States. The company offers administration and professional liability insurance and risk administration services, and other specialized property and casualty coverages; commercial surety and fidelity bonds; and warranty and alternative risk services primarily for vehicles and portable electronic communication devices.
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