Favorable commodity prices, coupled with premium Bakken shale and Stabroek Block production boosts, are likely to have aided Hess' (HES) Q2 earnings.
Baker Hughes' (BKR) Q2 earnings benefit from higher contributions from Oilfield Services and Equipment and the Industrial & Energy Technology business units, fueled by significant contract wins.
Valero's (VLO) Q2 earnings and revenues beat estimates on soaring refining throughput volumes, partially offset by lower margins.