Declining oil prices and continued losses of contracts keeps dragging down shares of Transocean, Seadrill, Ensco, Atwood Oceanics, Noble Corp, and Diamond Offshore Drilling.
That $678 million in asset impairments wiped out any chance at a profit this quarter.
The oil-field equipment distributor is scheduled to report second-quarter results on Wednesday before the market opens.
Yes, the $3.5 billion cash payment is baked into Baker Hughes $2.02 per share loss.
Another decline in oil services and drilling activity kept Weatherford in the red for yet another quarter.
The oil-field equipment maker continues to respond to the tough operating environment by cutting costs.
The oil-field equipment maker is due to report its second-quarter results on Thursday morning.
There are a lot of companies that may not be attractive in the oil industry right now, but National Oilwell Varco, Total, and Helmerich & Payne are.
Both stocks look pretty cheap today, but you're probably better off with Helmerich & Payne as a future investment.
Don’t count on it.