Energy Business

Oil platform on sea

ConocoPhillips Chops Capex Again as Revenues Sink

ConocoPhillips (NYSE: COP) reported first-quarter 2016 results before markets opened Thursday. The oil and gas production company posted an adjusted diluted net loss per share of $0.95 on revenues of $5.02 ...
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First Solar Posts Revenue Miss, Announces CEO Replacement

First Solar Inc. (NASDAQ: FSLR) reported first-quarter 2016 results after markets closed Wednesday afternoon. For the quarter, the solar energy company posted diluted earnings per share (EPS) of $1.66 on ...
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oil refinery

Merrill Lynch Has 3 Top Energy Stocks Rated Buy Yielding 4.5% or More

It almost seems funny now when talking heads on the financial networks talk about interest rates shooting higher on the 10-year and 30-year U.S. Treasury debt. Oh sure they are higher ...
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oil tanker

Short Sellers Can’t Make Up Their Minds on Major Oil

The short interest data have been released for the April 15 settlement date. With oil prices seemingly on the path to recovery and global markets slowly getting stronger, short interest ...
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solar farm

Short Sellers Picking Their Spots in Solar, Alt Energy Sectors

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on April 15. In the solar sector, two of the five companies ...
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Oil worker

Freeport-McMoRan to Cut Jobs, Continue Asset Sales

Freeport-McMoRan Inc. (NYSE: FCX) reported first-quarter 2016 results before markets opened Tuesday. The copper and gold miner reported an adjusted net loss per share of $0.16 on revenues of $3.53 ...
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BP Mad Dog

BP Earnings Whacked by Low Crude Price, Gulf of Mexico Disaster

BP PLC (NYSE: BP) reported first-quarter 2016 results before markets opened Tuesday morning. The oil and gas supermajor posted adjusted diluted earnings per American depositary share (ADS) of $0.17 on revenues ...
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Pumpjack

Nabors Posts Huge Quarterly Loss on C&J Impairment

Nabors Industries Ltd. (NYSE: NBR) reported first-quarter 2016 results after markets closed Monday. For the quarter, the oilfield services company reported an adjusted diluted net loss per share of $1.41 ...
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Pumpjack

Despite Rally, UBS Only Likes 4 Large Cap Exploration and Production Energy Stocks

Many on Wall street are slowly but surely getting on the energy bandwagon, and with good reason. Oil has rallied sharply off the lows posted earlier in the year, and ...
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Oil worker

Halliburton Fires 6,000 People

This is how a section of comments about Halliburton Co.'s (NYSE: HAL) earnings read: Responding to the reality of the market, we force-fit our employee headcount to available activity levels. ...
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Oil pumps

Nomura Analysts Answer Investors’ Energy Questions

Energy markets have been getting a large share of media coverage and analyst attention for a long time now. And what seems to be the constant in all the time ...
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Oil worker

Deutsche Bank Raises Price Targets on Top Oil Services Stocks to Buy

Any time a commodity-based sector sees a huge fall in the price of the commodities that are the core of its sector, one thing is sure to happen. The lower level ...
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Pump Jacks Against at Dusk

Schlumberger Earnings Down Nearly 60%

Schlumberger Ltd. (NYSE: SLB) reported first-quarter 2016 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $0.40 on revenues ...
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bankruptcy

SunEdison Finally Files for Bankruptcy

Solar PV maker SunEdison Inc. (NYSE: SUNE) announced Thursday morning that it had voluntarily filed petitions for a Chapter 11 reorganization with the bankruptcy court for the southern district of ...
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oil tanker

Merrill Lynch Raises Price Targets on Top Energy Stocks Rated Buy

Despite the lack of a production freeze agreement in the Doha meeting, and the end of the oil workers strike in Kuwait, oil prices are still hanging around the $40 ...
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