Energy Sector Review: Tidewater Q3, Oil Reaches 6-week Low
Core Laboratories N.V. (NYSE:CLB) sees FY12 revenue $1.005B-$1.045B vs. consensus $1.05B
The shares closed at $115.55, up $8.7, or 8.14%, on the day. Its market capitalization is $5.39 billion.
Tidewater Inc. (NYSE:TDW) reported Q3 revenue $272.1M vs. consensus $266.02M. Included in the current fiscal quarter’s net earnings is an $8.4M, or 16c per common share, reversal of income tax liabilities originally established for uncertain tax positions as a result of the expiration of various statutes of limitations. Excluding items, reports Q3 EPS 51c.
The shares closed at $57.82, up $3.22, or 5.9%, on the day. Its market capitalization is $3.00 billion.
Exxon Mobil Corporation (NYSE:XOM), Chevron Corporation (NYSE:CVX): Oil fell to its lowest level in six weeks as U.S. crude stockpiles increased more than expected and gasoline usage dropped to a 10-year low, reports Bloomberg.
XOM shares closed at $83.53, down $0.44, or 0.52%, on the day. Its market capitalization is $395.43 billion.
CVX shares closed at $103.69, up $0.9, or 0.88%, on the day. Its market capitalization is $206.50 billion.
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