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Diamond Offshore Drilling Inc.

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  1. Robert Diamond
  2. Loews
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Loews 1st-Quarter Net Drops 34%; CNA Financial's Flat

Loews Corp.'s (L) fourth-quarter earnings fell 34% amid a higher impairment charge and flat profit from its CNA Financial Corp. (CNA) insurance unit.Led by New York's Tisch family, Loews has recently seen its bottom line pressured by large impairment charges related to its HighMount Exploration & Production LLC unit, as the company has been forced to write down the carrying value of its natural gas and oil properties to reflect declines in the prices of natural gas and natural gas liquids. In the first quarter, Loews said it took impairment charges of $92 million at HighMount, versus charges of $28 million a year ago.The conglomerate owns 90% of CNA Financial, which typically accounts for nearly two-thirds of Loews's revenue.For the first quarter, Loews reported a profit of $242 million or 62 cents a share, compared with a year-earlier profit of $367 million, or 92 cents a share. Excluding the noncash impairment charges, adjusted net income was down at $334 million from $395 million.Re...

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  1. Diamond Offshore profit beats on lower costs

    Diamond Offshore Drilling Inc , one of the world's top-five offshore rig contractors, reported a better-than-expected profit on lower operating costs.Net profit fell...

  2. Diamond Offshore 3rd-Quarter Net Falls 31% on Lower Day Rates

    Diamond Offshore Drilling Inc.'s (DO) third-quarter earnings fell 31% as the contract driller's revenue decline continued amid lower day rates.Diamond Offshore, whic...

  3. Diamond Offshore profit falls on lower rig utilization rates

    Diamond Offshore Drilling Inc , one of the world's top-five offshore rig contractors, reported a 31 percent drop in quarterly profit as utilization rates fell.Diamon...

  4. Sembcorp Marine: Unit Gets US$135 Million Rig Order From Diamond Offshore

    Sembcorp Marine Ltd. (S51.SG) Wednesday said its unit has secured a contract worth US$135 million to build a rig for Diamond Offshore Drilling Inc. (DO).Jurong Shipy...

  5. Diamond Offshore Drilling's 2Q Results: Postgame Scorecard

    As revenue dropped, Diamond Offshore Drilling's (NYSE:DO) net income fell in the most recent quarter.Earnings and Revenue The company's EPS topped estimates and reve...

  6. Diamond Offshore Drilling 2Q Earnings Pregame Scorecard

    Diamond Offshore Drilling (NYSE:DO) has beaten analyst's estimates in each of the last five quarters and will try to do so again on Thursday, July 19, 2012.Expectati...

  7. Energy Sector Wrap

    During trading today, both the Energy sector (XLE) and the S&P500 showed little movement.Houston American Energy Corporation (AMEX:HUSA) was one of the sector's big ...

  8. Loews 1Q Net Down 3.2%; CNA Financial Profit Jumps 14%

    DOW JONES NEWSWIRESLoews Corp.'s (L) first-quarter earnings edged down 3.2% as profit gains in its CNA Financial Corp. (CNA) insurance unit failed to fully offset we...

  9. Dietze: Invest in Loews

    Point View Wealth Management president David Dietze breaks down where to invest in today's market.

  10. Diamond Offshore 4Q Net Down 22% On Softer Revenue, Utilization Rates

    DOW JONES NEWSWIRESDiamond Offshore Drilling Inc.'s (DO) fourth-quarter earnings fell 22% as the oil driller reported weaker revenue and lower utilization rates for ...

  11. Loews 3Q Disappoints on Irene Destruction

    Loews (NYSE:L) widely missed Wall Street 's quarterly expectations on sharply higher catastrophe losses caused by Hurricane Irene's destruction up and down the East ...

  12. S&P Rates Oil & Gas Stocks Stable (XOM, CVX, COP, APA, CHK, SLB, HAL, BHI, NE, RIG, DO , VLO, TSO, MPC)

    As the markets swoon today from Friday night’s downgrade of US debt, Standard & Poor’s is making other changes to its debt ratings. One sector that is unchanged is o...

  1. Under The Hood: An Unheralded Multi-Asset ETF

    Some ETFs hold stocks. Others focus on bonds. Still others hold real estate investment trusts or master limited partnerships. Then there is the breed of ETF that off...

  2. Loews and CNA Financial Swing to 4th-Quarter Losses

    Loews Corp. (L) swung to a fourth-quarter loss as its CNA Financial Corp. (CNA) insurance unit was hit by losses related to Hurricane Sandy, and because of a large i...

  3. U.S. HOT STOCKS: Zynga, Take-Two, Shutterfly Active in Late Trading

    U.S. stocks closed higher Tuesday, as the Dow Jones Industrial Average recently added 99 points to 13979, the Standard & Poor's rose 1% to 1511, and the Nasdaq Compo...

  4. Diamond Offshore 4th-Quarter Net Falls 17% Amid Lower Day Rates

    Diamond Offshore Drilling Inc.'s (DO) fourth-quarter earnings fell 17% as lower day rates dampened improved utilization of ultradeep-water and midwater floaters.Resu...

  5. Loews profit rises as catastrophe losses at CNA fall

    Hotels, energy and financial services conglomerate Loews Corp's third-quarter profit rose, helped by higher investment income and lower catastrophe losses at CNA Fin...

  6. Loews 3rd-Quarter Net Up 9.3% as CNA Financial's Profit Surges

    Loews Corp.'s (L) third-quarter earnings rose 9.3% as profit surged at its CNA Financial Corp. (CNA) insurance unit, outweighing a large impairment charge related to...

  7. Diamond, Noble see deepwater rig demand strong for years

    Recent deals struck by Diamond Offshore Drilling Inc and Noble Corp paint a picture of a market in which deepwater oil rigs will be in high demand for years, while o...

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