Oil & Gas Stocks Ended Mixed (SD, CHK, BP)

SandRidge Energy Inc. (NYSE:SD) surged 2.33% to $5.27. Recently, the company said that its July-September profit was at $297.7 million, or 73 cents a share, compared with net loss of $104.1 million, or 58 cents a share, in the year-ago quarter.

Excluding items, it lost 6 cents a share. Analysts were looking for a profit of 2 cents, according to Thomson Reuters.

SandRidge recorded net loss of $67.2 million on commodity derivative contracts for the third quarter, compared with $47.9 million net loss last year.

Chesapeake Energy Corporation (NYSE:CHK) went up 0.64% to $22.10. The company’s this month said that its third-quarter net income jumped to $515 million or 75 cents a share, from $186 million, or 30 cents, earned in the year-ago period. Adjusted net income totaled 70 cents a share in the latest period. Quarterly revenue increased to $2.58 billion, from $1.81 billion.

The company beat consensus targets of 64 cents a share and $2.1 billion, respectively, in a FactSet survey.      

BP plc (ADR) (NYSE:BP) slid 0.43% to $41.60. This month, the company announced its third quarter results, with replacement cost profit at $1,847.0 million, compared with $4,981.0 million in previous year. For the nine months, replacement cost loss was $9,528.0 million compared with a profit of $10,508.0 million in previous year.

The group income statement for the third quarter and nine months includes a pre-tax charge of $7.7 billion and $39.9 billion respectively related to the Gulf of Mexico oil spill. All charges relating to the accident have been treated as non-operating items.

The stock went down more than 28% year-to-date.