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Diamond Offshore Drilling Inc

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  • May 4- Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, said it was scrapping three rigs in the face of weak demand due to a steep fall in global crude prices. Diamond Offshore, which has 33 rigs, said last year it would idle or sell eight rigs. Utilization rates for Diamond Offshore's ultra-deepwater rigs, its biggest business, fell...

  • May 4- Loews Corp reported a lower-than-expected quarterly profit as its energy subsidiary reported a loss and revenue fell at its insurance unit. According to Thomson Reuters I/B/E/S, Loews earned 69 cents per share on an adjusted basis, below the average analyst estimate of 75 cents. Diamond Offshore Drilling Inc, Loews' second-biggest subsidiary, reported a...

  • Rig contractor Diamond Offshore reports loss Monday, 4 May 2015 | 6:09 AM ET

    May 4- Diamond Offshore Drilling Inc, one of the world's top five offshore rig contractors, reported a net loss compared with a year ago profit, mainly due to an impairment charge of $319 million as it wrote down the value eight rigs. The company reported net loss of $255.7 million, or $1.86 per share, for the quarter ended March 31, compared with a profit of $145.8...

  • Diamond Offshore Drilling posts 1Q loss Monday, 4 May 2015 | 6:06 AM ET

    HOUSTON _ Diamond Offshore Drilling Inc. on Monday reported a first-quarter loss of $255.7 million, after reporting a profit in the same period a year earlier. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. Diamond Offshore Drilling shares have decreased nearly 9 percent since the beginning...

  • March 27- Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Drillship operators face a more brutal hit to margins than they did after the oil-price crash of 2008 because of the huge cost of maintaining the more than $10...

  • March 27- Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Drillship operators face a more brutal hit to margins than they did after the oil-price crash of 2008 because of the huge cost of maintaining the more than $10...

  • Is Exxon's dividend at risk? Tuesday, 24 Mar 2015 | 10:37 AM ET

    With worries about dividend cuts in energy, Exxon will be in the spotlight.

  • All analysts want you to do is buy; here's proof Thursday, 26 Feb 2015 | 1:30 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Most analysts on the Street have rarely met an S&P 500 stock they didn't like, or at least weren't willing to hang out with for a while.

  • Feb 16- The chief executive of Transocean Ltd, one of the world's top offshore drilling companies, is stepping down and the company is slashing its dividend as business slows on tumbling crude oil prices. Transocean said on Sunday that Chairman Ian Strachan, who previously held executive positions at Exxon Mobil Corp and Rio Tinto PLC, will serve as interim chief...

  • The Street's favorite S&P 500 stocks for 2015 Friday, 13 Feb 2015 | 3:52 PM ET
    A Nabors Industries floor hand uses a towel to wipe drilling fluid from a section of pipe on a crude oil rig outside New Town, N.D.

    Wall Street believes many oil stocks will emerge from their funk this year, according to a report from Birinyi Associates.

  • *Q4 adjusted loss of 23 cents/ share vs estimate of 32 cents. *Company had cut 15 pct jobs, shut 4 rigs in Gulf of Mexico. Larger rival Diamond Offshore Drilling Inc and land driller Patterson-UTI Energy Inc have warned of a challenging 2015..

  • Feb 12- Drilling rig contractor Hercules Offshore Inc reported a bigger quarterly loss as the company took an impairment charge and demand fell due to weak crude oil prices. Hercules Offshore's fourth-quarter revenue fell 24 percent to $178.7 million. The net loss attributable to Hercules Offshore widened to $154.1 million, or 96 cents per share, in the...

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc said it expected a significant number of ultra-deepwater rigs to be idled across the industry by year-end as oil producers' capital budget is likely to be lowered by a fifth this year. Diamond Offshore slashed its special dividend to 75 cents per share in 2010 following an oil price crash.

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand fell due to weak oil prices, and said it would not pay a special dividend as it had been doing since 2006.. "We had been expecting Diamond Offshore to follow its prior downturn playbook," analysts at Jefferies& Co wrote in a note to clients.

  • Early movers: AAPL, HAS, TE, FOXA, INTU & more Monday, 9 Feb 2015 | 7:51 AM ET
    A trader works on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • Feb 9- Hotel, energy and financial services conglomerate Loews Corp reported a 13 percent fall in quarterly profit from continuing operations, mainly due to lower investment income. CNA Financial Corp, Loews's largest subsidiary, reported a 10 percent fall in profit due to lower net written premiums. Loews also controls Boardwalk Pipeline Partners LP and...

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay a special dividend as it had been doing since 2006.. Diamond Offshore's revenue fell 7 Percent to $675.3 million in the fourth quarter ended Dec. 31. Utilization rate for Diamond Offshore's...

  • Feb 9- Rig contractor Diamond Offshore Drilling Inc reported a 7 percent drop in quarterly revenue as demand dropped due to weak oil prices, and said it would not pay a special dividend, a first since 2006.. The Houston- based company's revenue fell to $675.3 million in the fourth quarter from $726.5 million a year earlier. The company's net income rose to $98.8...

  • Bespoke: Why you shouldn't bet on dividends Thursday, 22 Jan 2015 | 8:53 AM ET
    High yield, bad buy?

    Bespoke's Paul Hickey takes a look at why S&P 500 stocks with the highest dividends may not be your best bet.

  • Midday movers: BP, Chevron, Qualcomm & more Friday, 16 Jan 2015 | 1:38 PM ET
    Exchange Place NYSE

    Some of Friday's midday movers: