Monday, July 13, 2026

Industry Needs Minimum of Upper $50s for Sustainable Recovery: BHI

But BHI Chairman Predicts “Continued Uncertainty” in Global Oil Markets Before the markets opened today, Baker Hughes (ticker: BHI) hosted the company’s second quarter conference call. BHI reported an adjusted net loss of $0.90 per share, with revenue falling 39.3% year over year to $2.41 billion. Baker Hughes said it was hurt by a “continued steep decline” in drilling activity

Whiting Petroleum Says Oil Above $50 for Two Quarters Would Spur Drilling

Whiting expects its production to flatten out over Q3 and Q4 Whiting Petroleum (ticker: WLL) reported its second quarter results today, with production averaging 134.2 MBOEPD for the quarter, down 21% from the same quarter last year. During the company’s conference call, management said it expects production to even out through the end of the year, and plans to wait