logo
Plus   Neg
Share
Email

Continental Resources Withdraws FY20 Outlook - Quick Facts

While reporting its financial results for the first quarter on Monday, Continental Resources, Inc. (CLR) said it is withdrawing all previously issued guidance for fiscal 2020 and suspending further guidance.

This is due to the uncertainty and volatility of rapidly evolving market conditions, as well as the execution of production curtailments across its operations.

The company noted that it intends to monitor market conditions and issue new guidance at the appropriate time.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
General Electric Co. filed a lawsuit against Siemens Energy AG, accusing the German power distribution company of stealing trade secrets for gas turbines. Siemens Energy allegedly used the information to get at least nine contracts to supply gas turbines to public utilities, and also covered up improper business gains. Following a court ruling, the U.S. Food and Drug Administration postponed the effective date for tobacco manufacturing companies to display new health warnings on cigarette packets and in advertisements, by additional 90 days. The warnings with color images is to promote greater public understanding of the negative health consequences of smoking. JPMorgan Chase & Co (JPM) reported strong results in the fourth quarter of 2020, with net profit up 42% largely driven by credit reserve releases of $2.9 billion. The Group said it ended the year with a CET1 ratio of 13.1% and capital above $200 billion, providing with meaningful capacity to further...
RELATED NEWS
Follow RTT