Occidental PetroleumHalliburtonEOG Resourcesearlier extended its one million barrel per day voluntary crude oil production cut until the end of the year. Occidental Petroleum gained about 2.5%. Halliburton added 2.7% and EOG Resources rose 1.8%. The cut, which led oil prices higher during the day, adds to other voluntary crude output declines that some members of OPEC have put in place until the end of 2024.
Warner Bros. Discoverytaking a hit of $300 million to $500 million in its adjusted earnings before interest, taxes, depreciation and amortization. That puts its adjusted earnings in the full-year range of $10.5 billion to $11 billion. Warner Bros. said its adjusted full-year expectation assumes the financial effect of the writers and actors strikes will persist through the end of the year.
— CNBC’s Brian Evans, Alex Harring and Hakyung Kim contributed reporting.