U.S Stocks fell headlong, as a result of another fall over by the price of crude oil, which plummeted to its lowest positions in about six years.
Crude for March delivery declined $1.78 on the day to $44.45 a barrel, beating its lowest closing level since March of 2006.
The drop by the price of crude oil came as the Energy Information Administration said U.S. oil supplies rose by 8.9 million barrels in the week ended January 23rd, reaching their highest level in over 80 years.
This article covers the negatively performing energy sector companies during the last trade, along with latest news and profiles:
Hercules Offshore, Inc (NASDAQ:HERO) gained 1.49% to $0.721, during the last trade, soon after the company declared that it has published the January Fleet Status Report. The Report comprises the Hercules Offshore Rig Fleet Status (as of January 22, 2015), which contains detailed contract information for each of the Company’s drilling rigs. The Report also comprises the Hercules Offshore Liftboat Fleet Status Report, which contains information by liftboat class for December 2014, counting income per day and operating days.
Hercules Offshore, Inc (NASDAQ:HERO) together with its subsidiaries, offers shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide.
Valero Energy Corporation (NYSE:VLO) increased 0.55% to $51.51, during the last trading, after an independent petroleum refining and marketing company, reported net income from ongoing operations attributable to Valero stockholders of $1.2 billion, or $2.22 per share, in the fourth quarter of 2014 contrast to $1.3 billion, or $2.38 per share, in the fourth quarter of 2013. Adjusting for special items, net income from ongoing operations attributable to Valero stockholders was $952 million, or $1.83 per share, in the fourth quarter of 2014 contrast to $963 million, or $1.78 per share, in the fourth quarter of 2013.
Valero Energy Corporation (NYSE:VLO) operates as an independent petroleum refining and marketing company in the United States, Canada, the Caribbean, the United Kingdom, and Ireland. It operates through two segments, Refining and Ethanol.
Tesoro Corporation (NYSE:TSO) went higher 0.59% to $81.85, during the last trading, following the news that a refining company, make public its earnings for the fourth quarter 2014 after the market closes on Wednesday, February 11, 2015. The Company will broadcast, live, its conference call with analysts regarding fourth quarter results and other business matters on Thursday, February 12, 2015, at 7:30 a.m. CT. Interested parties may listen to the live conference call over the Internet by logging on to www.tsocorp.com.
Tesoro Corporation (NYSE:TSO) together with its subsidiaries, is engaged in refining and marketing petroleum products in the United States. It operates in two segments, Refining and Retail.
HollyFrontier Corp (NYSE:HFC) inclined 0.55% to $34.62, during the last trade, after an independent petroleum refiner, declared that it will release its results for quarter ended December 31, 2014 on February 25, 2015, before the opening of trading on the NYSE. The organization has planned a webcast conference on February 25, 2015 at 8:30 a.m. Eastern time to talk about financial results.
HollyFrontier Corp (NYSE:HFC) operates as an independent petroleum refiner in the United States. It produces high-value refined products, such as gasoline, diesel fuel, jet fuel, specialty lubricant products, liquid petroleum gas, fuel oil, and specialty and modified asphalt.
