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Whiting Petroleum Corporation News

Diamond Offshore Files for Bankruptcy as Price War, Pandemic Slam Oil Prices

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

Continental Resources Reportedly Declares Force Majeure as Coronavirus Tanks Oil Prices

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

15 Companies Facing Bankruptcy in the Coronavirus Pandemic

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

Whiting Petroleum Files for Bankruptcy

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

Whiting Petroleum Shares Off on Report It Might Buy Rival and on Wolfe Downgrade

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.

Breaking News

Gap Stock Slumps On Wider Q1 Loss, Grim Profit Outlook As Shoppers Shun Casual Apparel

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

Big Lots Stock Crumbles After Surprise Q1 Loss As Inflation, Gas Price Surge Bites Spending

"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 Beats Q3 Sales Forecast, Membership Revenues Near $1 Billion

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