United StatesOil And Gas

Oil prices declined on Thursday as investors weighed a proposed Saudi Arabia-led maritime defence coalition for the Red Sea against continued military tensions between the United States and Iran.

Scorpio Tankers (NYSE:STNG) reported second-quarter 2026 net income of $387.5 million, or $8.47 per basic share, compared with $73.5 million in the prior-year quarter.

Valero Energy (NYSE:VLO) reported second-quarter 2026 net income attributable to stockholders of $3.7 billion, or $12.62 per share, compared with $714 million, or $2.28 per share, a year earlier.

Shell (NYSE:SHEL) reported second-quarter 2026 adjusted earnings of $9.8 billion and cash flow from operations of $21.4 billion, supported by operational performance, higher realised prices and a $3.4 billion working capital inflow.

Cenovus Energy (NYSE:CVE) reported record second quarter 2026 results with adjusted funds flow of $5 billion, free funds flow of $3.8 billion and net earnings of $2.9 billion.

Precision Drilling (NYSE:PDS) reported a second-quarter revenue of $453 million, representing an 11% year-over-year increase.

Woodside Energy Group (ASX:WDS) reported second-quarter 2026 operating revenue of $4.18 billion, a 28% increase from the prior quarter.

Borr Drilling (NYSE:BORR) said BC Ventures completed a $287 million five-rig purchase, increasing its owned and jointly-owned fleet to 34.

HF Sinclair (NYSE:DINO) reported second-quarter 2026 revenue of $10.39 billion, up from $6.78 billion in the prior-year period, while net income reached $892 million.

Oil prices declined and U.S. stocks gained on Monday after a pause in fighting between the United States and Iran increased expectations that diplomatic efforts could continue.

Alliance Resource Partners (NASDAQ:ARLP) reported second-quarter revenue of $551.6 million, up 0.7%, while net income increased 33.9% to $79.6 million.

TotalEnergies (NYSE:TTE) will appeal a court order requiring Scope 3 climate risks in its vigilance plan within six months.