oilprice

As expected, Chevron Corporation (NYSE:CVX) returned to a net profit in the second quarter, driven by lower expenses and higher production, but the earnings per share of US$0.77 fell short of the analyst consensus estimate of US$0.86. The consensus estimate was for US$1.06 per-share earnings three months ago, but has been lowered since then, as […]Read More

The number of active oil rigs in the United States rose this week by 2 rigs showing a growth—albeit a slower one—in oil drilling as US players proceed more cautiously than before. Combined, the total oil and gas rig count in the US now stands at 958 rigs, up 495 rigs from last year, with […]