Halliburton Company (NYSE:HAL) went down 2.70% to $33.17. Net income of the company surged to $544 million, or 60 cents per share, compared to $262 million, or 29 cents per share, in the year-ago quarter. Revenue rose to $4.67 billion from $3.59 billion. Analysts, on average, expected the company to report earnings of 55 cents per share on revenue of $4.63 billion.
The stock went up more than 10% year-to-date.
BP plc (ADR) (NYSE:BP) lost 2.05% to $40.64. Yesterday, the company agreed to sell its upstream businesses and associated interests in Venezuela and Vietnam to its Russian joint venture TNK-BP for a total of $1.8 billion.
The 52-week range of the stock is $26.75-$62.38. The stock went down more than 30% year-to-date.
Chesapeake Energy Corporation (NYSE:CHK) slid 0.84% at $22.50. Last week, the company said it will sell a one-third interest in its oil-and-gas acreage in the Eagle Ford shale project to Cnooc Ltd. for $1.08 billion, and Cnooc will fund 75% of Chesapeake’s drilling costs up to an additional $1.08 billion.
The 52-week range of the stock is $19.62-$29.68.
Chevron Corporation (NYSE:CVX) was one of the most notable stock today and was down 1.67% to $83.07. Last week, the company said that it expects third-quarter earnings will come in below its second-quarter results. The latest results are due Oct. 29.
Analysts currently expect third-quarter earnings of $2.30 a share, down from $2.70 a share in the second quarter but up from $1.72 a share Chevron posted in the third quarter of 2009.
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