Diamond Offshore Drilling files for bankruptcy as a price war and the coronavirus pandemic crushed crude oil prices.

Continental Resources invokes force majeure on at least one of its oil delivery contracts after oil prices collapsed.

The number of companies filing for Ch. 11 or 7 will rise as the shutdowns continue and more Americans are unemployed.

Whiting says existing shareholders would get a 3% equity stake in the reorganized company under its restructuring plan.

The Denver energy company is down after Reuters reported it's exploring an all-stock acquisition of smaller rival Abraxas. Whiting was also downgraded at Wolfe Research.

"Supply chain challenges and persistent delays significantly limited the brand's responsive abilities" to changing consumer trends, CEO Sonia Syngal told investors Thursday.

"We believe the slowdown was caused by the spending pressure our consumers felt from higher gas prices and broader inflation," said CEO Bruce Thorn.

Costco took in $984 million in new membership fee in its fiscal third quarter, helping the bulk retailer top Street forecasts for topline revenues.