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CM - Earnings reports don’t thrill, & water is king in PE sector - November 2019
Returning value to shareholders continues to be the energy C-suite buzzphrase as most companies releasing their Q3 earnings emphasized just what they’ve done for shareholders lately in the way of dividends and stock repurchases. Continental Resources is now part of the dividend-paying oil patch, announcing its first quarterly distributions to shareholders (PG.1). Earnings reports for Q3 were mainly off—Exxon Mobil (PG.7) earned less YOY at $3.7 billion, Hess Corp. widened its loss to $205......
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