Diamondback Energy Inc.

Energy companies expect record profits again as strained supplies lift oil and gas prices

Energy industry earnings likely more than tripled in the second quarter, as companies hauled in record revenue due to high oil and gas prices. “This quarter is going to be a blowout,” said Stewart Glickman, energy analyst at CFRA. The two biggest US energy companies, Exxon Mobil and Chevron, are reporting on Friday. Analysts say …

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Here are the top 5 energy stocks, according to Goldman Sachs

Goldman Sachs on Monday picked five top energy stocks of ahead of their quarterly earnings, saying it keeps a “constructive” view on the sector thanks to cash flows and valuations, among other highlights. Investor sentiment has turned “more negative” on the E&P sector, due to concerns about a looming global recession, the analysts at Goldman …

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