News

BP (NYSE:BP) reported second-quarter underlying replacement cost profit of $5.7 billion, up 78% from the first quarter, as stronger commodity prices, improved refining margins and higher trading performance lifted results. The company also raised its dividend per share by 4% and said financial oblig

Energy stocks like CLMT, WES, HP and RIG have the potential to deliver better-than-expected Q2 earnings.

Transocean has had an impressive run over the past six months as its shares have beaten the S&P 500 by 13.7%. The stock now trades at $5.39, marking a 23.1% gain. This was partly thanks to its solid quarterly results, and the run-up might have investors contemplating their next move.

The market is offering an unusually high cash return to own this offshore driller, forcing investors to decide if the reward outweighs a very specific risk.

Equinor extends its key offshore helicopter services and secures drilling rigs to support long-term production growth on the Norwegian Continental Shelf.

Transocean Ltd. (NYSE:RIG) is one of the most buzzing stocks to buy right now. On July 1, Transocean Ltd. announced a new agreement with Equinor for the use of three harsh-environment semisubmersible rigs on the Norwegian shelf. The contract, which remains subject to license approvals, is valued at over $1 billion in backlog for 7 […]

Equinor is exiting Japan's offshore wind market and closing its Tokyo office, marking a shift in its regional presence in Asia. The company is reshaping its Norwegian portfolio through asset swaps that move exposure from undeveloped gas interests toward producing fields and development projects. Equinor has committed to the large Ringvei Vest subsea development on the Norwegian Continental Shelf and agreed a long term offshore drilling contract with Transocean valued at over $1...

Energy stocks were lower late Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.9%

Energy stocks were lower Wednesday afternoon, with the NYSE Energy Sector Index decreasing 0.8% and

RIG adds more than $1B to its backlog with Equinor through a seven-rig-year Norway drilling deal, boosting long-term revenue visibility from 2027.

The agreement covers three “Cat D” rigs, which were originally designed for Equinor and built to operate in Norwegian winter conditions.

Many small-cap stocks have limited Wall Street coverage, giving savvy investors the chance to act before everyone else catches on. But the flip side is that these businesses have increased downside risk because they lack the scale and staying power of their larger competitors.

Whether you see them or not, energy businesses play a crucial part in our daily activities, from powering our homes and businesses to powering our transportation and industries.They are also bound to benefit from a friendlier regulatory environment with the “American energy dominance” stance of the Trump administration, and this excitement has led to a six-month gain of 25.4% for the sector - higher than the S&P 500’s 6.8% return.

Stocks trading in the $1-10 range are generally smaller players with less risk than their penny stock counterparts. But that doesn’t mean the underlying businesses are cheap, and we advise caution as many have questionable fundamentals.

A number of stocks fell in the afternoon session after crude oil dropped to its lowest level since the start of the Iran war, as tankers resumed transit through the Strait of Hormuz and the U.S. and Iran signaled progress toward ending the conflict.

Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities.

Transocean Stock Moves Without a Clear Catalyst Transocean (RIG) shares have been under pressure recently, with the stock down about 29% over the past month and 15% over the past 3 months, even as the year to date return remains positive. See our latest analysis for Transocean. The recent weakness in Transocean’s share price, including a 1-month share price return of down 28.7% and a 7-day decline of 11.9% to about $5.31, contrasts with a stronger backdrop that includes a 25.2% year to date...

A number of stocks fell in the afternoon session after the U.S. and Iran signed an interim agreement that would waive sanctions on Tehran's oil and reopen the Strait of Hormuz.

RIG wins new offshore contracts worth about $185 million in backlog, reinforcing demand for its premium semisubmersible drilling rigs.

Transocean Ltd. (NYSE:RIG) is one of the 10 Best Stocks to Buy Under $10. On June 11, S&P Global Ratings upgraded Transocean Ltd. (NYSE:RIG) from ’CCC+’ to ’B-’ and removed the company from CreditWatch positive. The ratings agency pointed to improving leverage and liquidity after the company reduced its debt and secured new contracts. S&P […]

Transocean Ltd. (NYSE:RIG) ranks among the best oil and gas drilling stocks to buy now. Following recent contract renewals with Petrobras, Barclays reaffirmed its Equalweight rating and $6 price target for Transocean Ltd. (NYSE:RIG). The company has six rigs contracted with Petrobras, four of which are blend/extend prospects. According to Barclays, the extensions suggest a […]

Transocean said on Tuesday that it had been awarded contracts for two of its harsh environment semisubmersibles in Norway and Australia, representing about $185 million in backlog.

A number of stocks fell in the afternoon session after oil extended its decline, with Brent crude dropping below $80 per barrel for the first time since March and WTI falling to around $75.

A number of stocks fell in the morning session after the price of oil fell sharply as the U.S. and Iran announced a peace deal to end their conflict.

Transocean Ltd. (NYSE:RIG) was among the stocks Jim Cramer highlighted during Mad Money, as he noted the rotation into defensive sectors. When a caller asked if they should “add more” RIG shares, Cramer stated: No, no, no. I’ll tell you, I do like EQT here very much, natural gas, and the Devon story actually makes […]

A number of stocks fell in the afternoon session after Trump said a US-Iran deal could come in "two or three days," pulling energy equities sharply lower as investors priced out the conflict premium.

A number of stocks jumped in the morning session after Israel and Iran launched direct strikes against each other over the weekend, the most significant test of the fragile ceasefire since April, pushing Brent crude briefly above $98 a barrel.

Transocean Ltd. (NYSE:RIG) is one of the 10 Best Single Digit Stocks to Buy Right Now. On May 6, TD Cowen lifted its price target on Transocean Ltd. (NYSE:RIG) from $5.50 to $6 while keeping a Hold rating on the stock. The research firm updated its model after what it sees as messy first-quarter results […]

As the Q1 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the oilfield services industry, including Transocean (NYSE:RIG) and its peers.

A number of stocks fell in the morning session after WTI crude oil plunged on Iran-US peace deal progress and renewed hopes for reopening the Strait of Hormuz.