BHI: beats by 6 cents; profits dip, but beat expectations;
CHK: huge miss; transcript; misses -- SeekingAlpha.com; 10 things we learned about CHK -- Minyanville;
CLR: link here; transcript here;
COP: Misses forecast, $2.02 vs $2.08;
CVX: profits up 4%; April 10, 2012 -- advises that 1Q12 will beat 4Q11; bullish case for CVX -- SeekingAlpha; Chevron plans to release its quarterly results on Friday, April 27, 2012, before the start of trading. The Zacks Consensus Estimate for Chevron’s first quarter is $3.23 per share, higher than the earnings of $3.17 in the year-ago period and $2.61 earned in the previous quarter (both excluding adjustments for foreign-currency effects).
DNR: link here; transcript;
EOG: $1.20 vs $0.52 1Q11; post; Reuters -- profits sharply higher; Business Journal -- up sharply; highlights of the SeekingAlpha transcript; Filloon;
EPD: link here;
ERF: link here;
GMXR: link here;
HAL: earnings up 46%; 89 cents; will increase fracking market share this year; expects deepwater services to grow 20% a year through 2015; expects to add more rigs in Iraq;
KOG: link here; earns one cent vs 4-cent loss y-o-y; Filloon's analysis;
Legacy/Bowood: earnings, realignment;
MDU: 19 cents/share; ten rigs nationwide, up from 2 last year; transcript;
MPC (Marathon Petroleum): beats by 37 cents;
MRO (Marathon Oil): link here;
NBR: huge quarter; beats street;
NFX: earnings here; transcript; highlights of the transcript; Filloon's analysis;
NOG: misses by a penny; press release; Filloon's take;
OAS: press release; Filloon's take;
OKE: 91 cents; avg est: $1.38;
QEP: missed on revs; missed by 4 cents; nice report, however;
SD: link here; transcript here; Mississippi Limestone formation; presentation;
SLB: earnings surge 38%;
SM: link here;
SRE: link here;
SRGY: 2nd quarter ended Feb 29; results; focused on D-J Basin;
STO: earnings here -- the press release does not mention the Bakken; transcript;
STR: report here;
WHX: Transcript. Filloon.
WLL: April 25, after mkt closes; estimates: $1.05; transcript; data points from the earnings transcript; from Motley Fool:
Higher crude-oil prices have given these companies the impetus to increase production, and Denver-based Whiting Petroleum has done just that. The company's impressive first-quarter results should have investors salivating about its future prospects.WMB:
Impressive first quarter
Net income for the first quarter shot up an amazing 400% to $98 million from $19 million a year ago. While core revenue from oil and gas sales grew 31% in the comparative period, total costs and expenses were relatively flat. Whiting managed to cut back on commodity derivative losses by more than $105 million this time. Management correctly anticipated oil and natural-gas prices, which resulted in the exceptional boost to its bottom line.
Actually beat expectationsOn the operations front, Whiting delivered well beyond upper guidance levels, which again is impressive. Total first-quarter production went up 22% year over year and 14% from last year's fourth quarter.
WPX: WPX 1Q12 operations update (slide presentation).
XOM: misses on income; revenues rise;