oil and gas

Oil Tanker

Exxon Earnings Top Lowered Expectations

Exxon Mobil Corp. (NYSE: XOM) reported its third-quarter results Friday before the U.S. markets opened as $1.89 in earnings per share and $107.5 billion in revenue. Thomson Reuters had consensus ...
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Exxon Mobil Logo

What to Expect From Chevron and Exxon Earnings

With oil prices having been in the tank, the investment community has been more focused on oil stocks. On Friday we will get to see how the two biggest oil ...
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Chinese flag

China’s Big Oil Companies Battered by Low Crude Oil Prices

China’s big three oil companies have recently reported earnings that are significantly below expectations. PetroChina Co. Ltd. (NYSE: PTR), China Petroleum & Chemical Corp. (NYSE: SNP) (aka Sinopec) and Cnooc ...
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Blue flames of a gas stove

Natural Gas Inventory Rises Ahead of Start to Heating Season

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 87 billion cubic feet for the week ending October 24, compared with an expected ...
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oil storage terminal

4 Oil Service Stocks With Huge Upside Despite Oil Meltdown

While it seems counterintuitive that oil service stocks could have huge upside when the price of oil is the lowest in over two years, the fact of the matter is ...
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Shell sign at dusk

Shell Midstream IPO Out With a Bang

Shell Midstream Partners L.P. (NYSE: SHLX) had its initial public offering (IPO) Wednesday morning. The company is a master limited partnership (MLP) formed by an affiliate of Royal Dutch Shell ...
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Crude Oil Price Rises on Falling Gasoline Inventories

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 2.1 million barrels last week, maintaining a total U.S. commercial ...
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BP

BP Earnings Hurt by Russian Sanctions

BP PLC (NYSE: BP) reported third-quarter 2014 results before markets opened Tuesday. The oil and gas supermajor posted diluted earnings per American depositary share (ADS) of $0.99 on revenues of ...
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Texas Capitol

Texas Manufacturing Remains Strong Despite Oil Going to $80

Manufacturing activity in Texas is holding up better than many business watchers may have feared with lower and lower oil prices. The Dallas Fed Manufacturing Survey is rarely a market mover, ...
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oil rig and tanker

Short Sellers Attacked Oil Giants as Oil Slid Toward $80

Short interest data for major oil stocks was released for the October 15 settlement date. Most of the top oil stocks, with the exception of Petrobras, saw their short interest ...
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Oil pumpjack

Merrill Lynch Has 3 Oil Picks for Lower Then Higher Oil Prices

Even though West Texas Intermediate (WTI) has fared better in the recent oil sell-off than Brent crude, the Merrill Lynch team sees an imminent ramp-up in inflow capacity, which may ...
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Petrobras Feels Wrath of Rousseff Election Win in Brazil

Petróleo Brasileiro S.A. –(NYSE: PBR) is getting to demonstrate all over again just how bad it is when a nation is under a socialist regime. The oil giant known as ...
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Offshore drill rig

Dear Analysts, Can Nabors Really Run 50%?

Nabors Industries Ltd. (NYSE: NBR) has seen its shares slaughtered of late, along with many other rig and drilling companies. Some analysts still have positive ratings and big upside price ...
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oil pipeline

Credit Suisse’s 5 Top Energy MLPs to Buy Now as They Rally Back

Everything got hit hard during the recent sell-off, but the energy master limited partnerships (MLPs) got the double whammy of market selling combined with energy prices plunging. After a strong ...
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Blue flames of gas stove

Natural Gas Inventory Less Than 10% Below 5-Year Average

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 94 billion cubic feet for the week ending October 17, compared with an expected ...
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