Today: 3 June 2026
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ASX:BPT 14 March 2026 - 28 April 2026

Transocean Stock Back In Play As Equinox Rig Returns And $1.6 Billion Backlog Push Builds

Transocean Stock Back In Play As Equinox Rig Returns And $1.6 Billion Backlog Push Builds

Transocean’s Equinox rig resumed work for Beach Energy in Australia’s Otway Basin, with Phase 2 operations at Thylacine West underway. Transocean reported about $1.6 billion in new contract backlog since April, including deals in Brazil, Norway, and the Eastern Mediterranean. Beach said Otway Basin production fell 9% last quarter. Transocean shares traded at $6.52, little changed ahead of first-quarter results due May 4.
Australia Stock Market Today: ASX 200 Stalls as Rio Tinto Gain Runs Into Energy Selloff

Australia Stock Market Today: ASX 200 Stalls as Rio Tinto Gain Runs Into Energy Selloff

Australian shares closed nearly flat Tuesday, with the S&P/ASX 200 down 3.9 points to 8,949.40 as investors awaited U.S.-Iran talks. Rio Tinto rose after reporting a 9% jump in first-quarter copper-equivalent output, but energy stocks fell. Brent crude traded near $95 a barrel, and the Australian dollar slipped to $0.715. ANZ reported consumer confidence at 64.3, near record lows, with inflation expectations at 7.1%.
Santos Limited Stock Price Rises as $100 Oil and Moomba Project Boost Outlook

Santos Limited Stock Price Rises as $100 Oil and Moomba Project Boost Outlook

Santos Ltd shares rose 0.5% to A$7.53 Friday as Brent crude closed above $100 a barrel for the first time since August 2022. The company committed A$357 million to the Moomba Central Optimisation project, aiming for over A$600 million in savings and lower unit costs. Santos also plans to cut about 10% of staff after a 25% drop in 2025 underlying profit.

Latest articles

AT&T Shares Halt Six-Day Drop Ahead of Cash Flow Update

AT&T Shares Halt Six-Day Drop Ahead of Cash Flow Update

3 June 2026
AT&T shares snapped a six-day losing streak, rising 0.37% to $24.64 as investors await the July 22 earnings call for updates on cash flow and wireless demand; management maintains second-quarter free cash flow guidance of $4.0–$4.5 billion and plans over $45 billion in shareholder returns for 2026–2028.
Broadcom Shares Touch All-Time High Ahead of Results on Google AI Deal

Broadcom Shares Touch All-Time High Ahead of Results on Google AI Deal

3 June 2026
Broadcom soared 4.7% to a record $481.57 as Alphabet’s $80 billion AI infrastructure equity raise sharpened focus on Broadcom’s custom AI chip and networking supply, with investors eyeing tomorrow’s earnings and guidance; options pricing signals potential 9% stock swing post-results, as the stock trades at 120 times earnings and faces high expectations for continued AI-driven growth.
Amazon Gets June Prime Day Announcement, Stock Falls

Amazon Gets June Prime Day Announcement, Stock Falls

3 June 2026
Amazon shares slid 1.81% to $256.52 even as it set June 23-26 for Prime Day, giving investors an early look at retail momentum before Q2 ends; despite strong AWS growth and rising net sales, free cash flow fell as AI investments surged, leaving investors cautious about whether Prime Day’s grocery push and earlier timing will boost margins or just shift demand.
Apple Shares Reach New High as AI Decision Looms

Apple Shares Reach New High as AI Decision Looms

3 June 2026
Apple surged 2.9% to a record $315.20, adding $598 billion in May, as investors bet next week’s WWDC will reveal major AI advances; with high expectations and a $100 billion buyback, the stock’s rally leaves little room for disappointment on Siri upgrades, AI features, or rising memory-chip costs.
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