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$HES 2Q15 PR: Net production per day: Crude oil was 246,000 barrels vs. 216,000 barrels in 2Q14; NGL was 42,000 vs. 21,000 in 2Q14 and Natural gas was 617,000 vs. 491,000 in 2Q14. Oil and gas production increased to 391,000 boepd vs. 319,000 boepd in 2Q14. Oil and gas production in the Bakken was 119,000 boepd, up from 80,000 boepd in 2Q14.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.