The company's better-than-expected result and debt-reduction progress have Wall Street cheering today.
After a disastrous 2018 that involved a payout cut, management's moves to shore up the balance sheet appear to be working.
Patterson-UTI Energy's business has been posting losses for more than three years, and management thinks the first half of 2019 could continue to be just as difficult.
Cleveland-Cliffs has already contracted all of its production for 2019 and expects high margins thanks to Vale's decision to cut production for safety inspections.
MPLX's management thinks all that cash coming in the door right now could be put to better use growing the business instead of maintaining its double-digit payout growth.
The decision to buy Andeavor for $23 billion is looking like a shrewd move based on the refiner's fourth-quarter earnings result.
Even though oil prices were down slightly in the fourth quarter and refining margins weren't great, the company churned out respectable cash flow and earnings.
Thanks to Equinor's plan to keep costs and capital spending low and focus on extracting oil at the cheapest price possible, it was able to produce loads of cash despite falling oil prices in the fourth quarter.
An absence of hurricane-related business and some deliberate contract exits cut into the landscaper's revenues.
The less-than-truckload freight hauler posted another solid quarter of revenue gains and improving operating efficiency.
Considering how much doom and gloom has surrounded the oil services industry in the fourth quarter, Hi-Crush's $0.08 per-unit loss doesn't look that bad.
The oil sands giant's integrated business model showed why it's so important when Canadian crude oil prices were at their lowest in decades.
Fourth-quarter earnings results show the company is doing incredibly well despite the recent oil price slump.
The company continues to reap the rewards of a favorable refining environment to produce loads of cash.
The company's fourth-quarter earnings report showed another period in which its Permian Basin drilling plan is reaping incredible rewards.
It's taken awhile for the company's growth plan to show up in its earnings results, but the early signs are there.
It's been a long time since the company actually generated enough cash to have some left over after expenditures.
Shares are plunging after the company made some questionable moves related to the founder's family trust.
The oil services provider and oil equipment manufacturer reported a large increase in revenue and new orders.
The land-rig owner was able to grow its top and bottom lines, thanks to drilling remaining surprisingly steady through the recent downturn.