Diamond Offshore Drilling, Inc. (NYSE:DO) surged 2.37%
to $70.50. The company said its third-quarter net income fell to $198.5 million
or $1.43 a share, from $364.1 million, or $2.62 a share, in the year-ago
period. Revenue dropped to $799.7 million, from $908.4 million.
Wall
Street analysts expected net income of $1.34 a share and revenue of $796.5
million, according to a survey by FactSet Research.
The
stock opened at $71.74 and went down more than 29% year-to-date.
Chevron Corporation (NYSE:CVX) added 1.14%
to $84.98. The company said Thursday it has sanctioned the $7.5 billion
development of the Jack/St. Malo project, the oil major's first operated
drilling plan in the Lower Tertiary area in the deepwater Gulf of Mexico.
The
stock opened at $84.51 and traded within the range of $82.93-$85. The stock
went up more than 9% year-to-date. The stock made its fresh one-year high of
$85.
BP plc (ADR) (NYSE:BP) gained 0.15%
to $41.16. Earlier this week, 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
stock went down more than 29% year-to-date.
Weatherford
International Ltd. (NYSE:WFT) advanced 0.75% to $17.50. Yesterday,
FBR Capital downgraded Weatherford International from Outperform to Market
Perform. The firm lowered its price target on the stock from $23 to $21.
The 52-week range of the stock is $12.34-$20.88.
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