Diamondback Energy (FANG) has an average rating of overweight and mean price target of $223.16, according to analysts polled by FactSet.
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Shanxi Lu'an Environmental Energy Development (SHA:601699) posted 2025 attributable net profit of 1.12 billion yuan, down 54% from 2.45 billion yuan the previous year.Earnings per share declined to 0.37 yuan from 0.82 yuan, according to a weekend filing with the Shanghai bourse.Operating revenue fell 22% year over year to 27.8 billion yuan from 35.9 billion yuan.Shares of the coal miner rose 3% in recent trade.
SLB (SCL.F) Chief Executive Officer Olivier Le Peuch expects additional investments in exploration following the conflict in the Middle East, particularly the US-Israeli war with Iran, Reuters reported April 24.Le Peuch said additional investments will stem from many countries' prioritization of supply diversification. He expects projects, including deepwater offshore developments in North America and Latin America, to benefit from the anticipated trend.The oilfield services company's chief also expects oil prices to increase following the war, compared with levels before it broke out.
Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, said Sunday it swung back to profit in the first quarter of 2026, while revenue increased year over year.Net profit attributable to shareholders of the issuer for the three months ended March 31 was 1.47 billion Saudi riyals, compared with the attributable loss of 691 million riyals earlier. EPS moved to 0.88 riyal from a loss per share of 0.41 riyal.The Tadawul-listed oil refining and petrochemical company's revenue was 14.85 billion riyals, compared with 11.21 billion riyals a year ago.