oil and gas

Oil rig

Oil Rig Count Drops by 11, Hedge Funds Still Exiting Short Positions

In the week ended April 29, the number of rigs drilling for oil in the United States totaled 332, compared with 343 in the prior week and 679 a year ...
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Chevron logo

Chevron Earnings Bludgeoned by Low Crude Prices

Chevron Corp. (NYSE: CVX) reported first-quarter results before markets opened Friday. The oil and gas supermajor posted a diluted earnings per share loss of $0.39 on revenues of $23.55 billion. In ...
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Pumpjack

Exxon Earnings a Function of Company’s Massive Size

Exxon Mobil Corp. (NYSE: XOM) reported estimated first-quarter 2016 results before markets opened Friday. The integrated oil and gas giant posted quarterly diluted earnings per share (EPS) of $0.43 on revenues ...
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ThinkstockPhotos-488849483

Natural Gas Price Slips Further After Storage Report

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 73 billion cubic feet for the week ending April 22. Analysts were expecting a ...
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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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gas pipeline

8 Real Reasons Natural Gas Could Skyrocket Over the Next Year

Wall Street usually is a very rear-view mirror kind of place, where decisions are made after a dramatic market move already has happened. Just this week, Goldman Sachs raised its sector ...
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Oil Barrels

Crude Oil Price Gains Dip Following Inventory Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2 million barrels last week, maintaining a total U.S. commercial ...
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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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falling oil prices

US Q1 Oil Production Down 370,000 Barrels a Day

Crude oil production in the United States for the first three months of 2016 averaged 9.11 million barrels a day. That's 370,000 barrels a day below the first-quarter 2015 average of ...
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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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Gas Pump

Gas Prices Move Up on Higher Demand

The average price across the United States for a gallon of regular gasoline last week rose two cents to $2.14, as of Monday morning. Diesel fuel prices also rose to an ...
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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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