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Freeport-McMoRan Tops EPS Estimates

Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) reported fourth quarter and full-year 2012 results before markets opened this morning. The mining company posted diluted quarterly earnings per share (EPS) of ...
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Mining

Base Metals Outlook Improves Little in 2013

A shrinking global economy took a heavy toll on producers of nonprecious metals in 2012. Prices for base and industrial metals like copper, iron ore, and aluminum fell sharply as ...
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underground mining

Outlook 2013: Turnaround Unlikely in Base Metals

2012 has been a mixed year for the base metals. 24/7 Wall St. is looking into 2013 to see what the new year may bring for the sector. The long ...
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Oil pumpjack

Freeport’s Big Spending Not So Bad — Moody’s

After getting pummeled for two days, shares of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) are getting a bit of boost today following an announcement from Moody’s that the proposed ...
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Bull and Bear figures

24/7 Wall St. Closing Bell — December 5, 2012: Markets Close Mixed on Tech Weakness (ADTN, KMP, CLF, INTC, RAX, MFRM, P, FRAN, MW, SAIC, VRA, LULU, SFD, TITN, FCX, MMR, PXP, NOK, CHL, TIBX)

U.S. equity markets opened essentially flat again this morning as investors waited to see what would happen with the many data releases due out today. In Europe, the non-manufacturing PMI ...
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Offshore drill rig

Freeport-McMoRan Returns to the Energy Business

At least one big mining firm has made acquisitions in the energy field in an effort to boost profits in the face of a slowdown in demand for mined materials. ...
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Offshore drill rig

Gulf of Mexico Lease Sale Draws Little Attention

The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) on Wednesday held a lease sale for approximately 21 million acres of US outer continental shelf open for development ...
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Media Digest (9/11/2012) Reuters, WSJ, NYT, FT, Bloomberg

George Soros says Germany should back the European Union or leave it. (Reuters) The new Apple Inc. (NASDAQ: AAPL) iPhone could boast fourth-quarter gross domestic product by 0.5%, according to a ...
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Energy Stocks Mixed Up on Transactions, China (PXP, BP, RDS-A, RDS-B, RIG, ANR, BTU, KOL)

Energy stocks today exhibit all the signs of a market reacting to news that is difficult to categorize easily. First there is the $6 billion in acquisitions announced this morning ...
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BP Confirms $5.5B Gulf of Mexico Asset Sale

BP PLC (NYSE: BP) has confirmed some news reported earlier by Reuters on an update of its planned asset sales. BP is selling its interests in a number of oil ...
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Media Digest (9/10/2012) Reuters, WSJ, NYT, FT, Bloomberg

General Motors Co. (NYSE: GM) loses up to $49,000 on each Chevy Volt. (Reuters) J.P. Morgan Chase & Co. (NYSE: JPM) and Citigroup Inc. (NYSE: C) may change their compensation practices. ...
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Fitch Reviews Oil & Gas Operations and Reserves

Fitch Ratings is out with a statistical review of operational metrics at a number of oil & gas companies. The review notes a handful of emerging trends: Finding, development, and ...
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New Crude Oil Pipeline System to be Built in Gulf of Mexico (EPD, GEL, APC, APA, XOM, E, PBR, PXP, BP, MRO, RDS-A, CVX, COP)

Two pipeline companies have agreed to a 50-50 joint venture to build a new 149-mile offshore gathering system in the Gulf of Mexico. Enterprise Products Partners L.P. (NYSE: EPD) and ...
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Chesapeake Sells Utica Shale Stake to Total (CHK, TOT, BP, PXP, SD, CRZO)

In yet another of the deals that shakes up the landscape of US shale gas production, Chesapeake Energy Corp. (NYSE: CHK) has formed a joint venture with Total SA (NYSE: ...
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Chesapeake Leaves the Fayetteville Play (CHK, BHP, BP, PXP, BCS, XOM, HK, POT)

It's hardly news any more when Chesapeake Energy Corp. (NYSE: CHK) sells off more assets. This time is a little different, though, because of the buyer. BHP Billiton plc (NYSE: ...
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