Newfield Exploration Co. (NFX) Earnings: An Early Look

Page 2 of 2

The biggest news from the pre-release is that Newfield expects to focus on its U.S. operations, looking to sell, spin off, or find other strategic alternatives for its international assets in China and Malaysia. With those operations contributing a substantial percentage of revenue, Newfield would need to a lot of value from them to avoid taking a big hit to its business. Yet now doesn’t seem like the best time to try to sell off energy assets, especially after the company warned last quarter of declining production from those overseas finds.

Newfield needs to explain its overall strategy further to satisfy investors that it’s still on a solid growth path. Without convincing evidence of future growth, the stock may continue its recent slide.

The article Newfield Exploration Earnings: An Early Look originally appeared on Fool.com and is written by Dan Caplinger.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter: @DanCaplinger. The Motley Fool has no position in any of the stocks mentioned.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Page 2 of 2