May 5, 2016 archive

Williams Companies Posts First Quarter 2016 Financial Results

Tulsa-based Williams Companies Inc. reported on Wednesday a first quarter net loss of $65 million, or 9 cents per share, compared to 2015’s first quarter gain of $70 million, or 9 cents per share, according to a company press release and a news report published in The Tulsa World. The company’s first quarter 2016 adjusted income …

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Continental Resources Posts 1Q Loss of $198 Million for 2016

Continental Resources Inc. reported a first quarter net loss of $198 million, or 54 cents per share, after cost-cutting measures failed to offset declining oil prices, according to a press release issued by the company. The larger-than-expected drop compares with a loss of $132 million, or 36 cents per share, posted a year ago. Revenues …

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WTI, Brent Futures Hover Near $45 Despite Crude Stockpile

U.S. crude prices ended a three day slide and settled slightly higher despite lingering concern over a supply build up, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, West Texas Intermediate futures added 13 cents, or 0.3%, to reach $43.78 a barrel. July Brent crude, the global oil benchmark, ended down 35 cents, or 0.8%, to settle …

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