United States Oil And Gas

Oil prices were largely unchanged Monday as traders assessed possible progress toward reopening the Strait of Hormuz while monitoring continued Middle East tensions.

Seadrill (NYSE:SDRL) reported Q2 2026 operating revenue of $449 million, up 19.1% year over year, with net income of $29 million and adjusted EBITDA of $144 million.

Brent crude futures rose as renewed Middle East tensions followed a Houthi attack that injured 11 civilians in Saudi Arabia’s Najran region.

Dorchester Minerals (NASDAQ:DMLP) reported Q2 revenue of $56.075 million and net income of $30.871 million, both above 2025 levels.

Genesis Energy (NYSE:GEL) reported Q2 2026 attributable net income of $42.9 million, reversing a $0.4 million loss.

Canadian Natural Resources (NYSE:CNQ) reported second-quarter net earnings of $4.5 billion alongside an 18% daily production increase.

NW Natural Holdings (NYSE:NWN) reported second-quarter operating revenue of $243.6 million and net income of $600,000, improving from a $2.5 million loss.

Brent crude fell 3.9% to $80.47 a barrel, while West Texas Intermediate crude dropped 4.6% to $76.67 by 11:19 a.m. ET.

BP (NYSE:BP) reported a second-quarter 2026 underlying replacement cost profit of $5.7 billion, comfortably beating analyst expectations.

Hess Midstream (NYSE:HESM) reported Q2 revenue of $399 million, net income of $173.7 million and adjusted free cash flow of $231.6 million.

BP (NYSE:BP) completed the sale of its Gelsenkirchen refinery and related German businesses to Klesch Group, targeting around $1 billion in lower underlying operating expenditure.

Kosmos Energy (NYSE:KOS) reported second-quarter net income of $185 million, or $0.31 per diluted share, as production reached about 71,400 boepd.