Top Energy Stocks
XOM +0.4%, hit year highs
CVX +0.4%, hit year highs
Energy stocks are moderately higher, with the NYSE Energy Sector
Index rising 0.25% and the S&P Energy Index gaining nearly
0.4%. Crude oil for September delivery is up 56 cents at $94.23 a
In company news, shares of Hercules Offshore (
) have lost earlier gains and are now down 1% after saying U.S.
authorities have completed their investigation of overseas
activities by the oilfield services company, concluding there were
no violations of the Foreign Corrupt Practices Act.
The U.S. Securities and Exchange Commission probe began
following allegations HERO executives may have bribed foreign
officials in a bid to win international business. The U.S. Justice
Department previously concluded their investigation in late April,
deciding not to pursue any enforcement actions against the
In other sector news,
(+) GPOR, (+18.4%) Oil and natural gas sales volumes rise 17%
year-over-year to 663,626 barrels of oil equivalent during Q2.
Overall revenues were $66.3 million, 1.5% below forecast while
adjusted EPS of $0.45 missed by $0.06.
(-) WPZ, (-4.2%) Pipeline company announces plans to offer 8.5
million units representing limited-partner interests, using the
proceeds in part to repay debt.
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