U.S.energy behemoth Chevron Corp. (CVX) released its fourth-quarter 2010 interim update, covering the first 2 months of the quarter. On the whole, the update is on the bullish side, with earnings expected to be higher than the previous quarter.
Canadian Oil Sands Ltd. is looking at acquiring Murphy Oil Co.’s stake in the massive Syncrude project. Murphy has expressed its intention to sell its 5% stake in the project, which produced 298,900 barrels per day in the last quarter.
The project is jointly owned by seven companies, including Suncor Energy Inc. and Imperial Oil Ltd., but COS holds the lion’s share with 37%.
Regis Corp. (RGS), which owns, operates and franchises hair and retail product salons worldwide, posted fourth quarter and fiscal 2010 results on August 26, 2010. The company’s adjusted earnings for fourth quarter missed the Zacks Consensus Estimate, but reported profit as compared with a loss in the prior-year quarter. Results reflect the benefits of cost-containment measures and improved gross margin.
Reuters - Chevron Corp , the second-largest U.S. oil company, reported on Friday a sharp rise in quarterly profit, as oil prices bounced back strongly in the past year, offsetting lower earnings from its refineries.
U.S. energy giant Chevron Corp. (CVX) reported a jump in its second-quarter 2011 profits, benefiting from higher oil prices and stronger refining margins. Earnings per share (excluding adjustments for foreign-currency effects) came in at $3.89, handsomely above the Zacks Consensus Estimate of $3.55 and the year-ago adjusted profit of $2.58.
Reuters - Chevron Corp , the second-largest U.S. oil company, reported a three-fold jump in quarterly profit on rising oil output, higher energy prices and buoyant margins at its refineries, topping Wall Street forecasts.