crude oil prices

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Chevron Earnings Not Enough for Investors

Chevron Corp. (NYSE: CVX) reported its second-quarter financial results before the markets opened on Friday. With this earnings report, the company is continuing to make progress toward its goal of ...
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Oil platform on sea

Why Exxon Earnings Tumbled 59%

From early April to early June this year, West Texas Intermediate (WTI) crude oil for September delivery added about $12 a barrel, rising to just over $50, and it looked ...
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oil tanker

What to Expect From Exxon Earnings

Exxon Mobil Corp. (NYSE: XOM) is set to release its most recent earnings report before the markets open on Friday. This is a strong company from a financial standpoint, and ...
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Chevron logo

What to Expect When Chevron Reports Earnings

Chevron Corp. (NYSE: CVX) is scheduled to report its second-quarter financial results before the markets open on Friday. The consensus estimates from Thomson Reuters are $0.32 in earnings per share ...
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Pumpjack

ConocoPhillips Posts Loss Despite Strong Operational Quarter

ConocoPhillips (NYSE: COP) reported its second-quarter financial results before the markets opened on Thursday. Operational performance in this quarter was strong across the company’s portfolio, although it did end up ...
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Oil worker

What to Look for in ConocoPhillips Earnings

ConocoPhillips (NYSE: COP) is scheduled to release its second-quarter earnings report before the markets open on Thursday. The consensus estimates from Thomson Reuters call for a net loss of $0.61 per ...
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Oil Barrels

Crude Oil Price Plunges on Surprise Inventory Growth

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.7 million barrels last week, maintaining a total U.S. commercial ...
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Pumpjack

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

The short interest data have been released for the July 15 settlement date. With oil prices seemingly on the path to recovery and the Dow and S&P 500 hitting new ...
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oil tanker

UBS Downgrades Energy Shipping Companies Close to 52-Week Lows

When investors see analysts downgrade a sector, they sometimes worry. But what about when that sector downgrade comes at the same time that the key sector's stocks are all down ...
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Southwest Airlines

Why Southwest Scored 2 More Analyst Downgrades

Southwest Airlines Co. (NYSE: LUV) was performing decently in 2016, up until about the past quarter, and since that time shares have dropped over 20%. This put the stock in ...
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fracking

Oil Rig Count Up by 14 Last Week, Hedge Funds Thinking Short Again

In the week ended July 22, the number of rigs drilling for oil in the United States totaled 371, up by 14 compared with the prior week and a total ...
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Oil Barrels

Crude Oil Price Bounces Despite Addition to Gasoline Stockpiles

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.3 million barrels last week, maintaining a total U.S. commercial ...
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KMI Tanker

Can Kinder Morgan Afford to Raise Its Dividend? Can It Afford Not To?

Last December when Kinder Morgan Inc. (NYSE: KMI) sliced 75% off its quarterly dividend, the stock price plummeted, dropping nearly 50% before beginning to make a comeback. Shares closed Friday ...
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fracking

Oil Rig Count Up by 6 Last Week, Hedge Funds Turn Long on Crude, Distillates

In the week ended July 15, the number of rigs drilling for oil in the United States totaled 357, up by six compared with the prior week and a total of ...
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Pump Jacks Against at Dusk

Why Nomura Lowered Estimated Energy E&P Q2 Losses

In a note published Wednesday, Nomura Securities energy analysts lowered their estimate of second-quarter net losses by 26% over their coverage universe of 35 exploration and production (E&P) companies. The ...
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