oil prices

Oil drilling rig

U.S. Oil Rig Count Adds 5 Last Week for Second Increase in a Row

In the week ended July 31st, the number of rigs drilling for oil in the U.S. totaled 664 compared with 659 in the prior week and 1,573 a year ago. ...
Read Full Story »
Chevron

Is There Anyway Chevron Can Maintain Its Dividend With Such Poor Earnings?

Chevron Corp. (NYSE: CVX) reported its second-quarter financial results before the markets opened Friday. The oil giant had $0.30 in earnings per share (EPS) on $40.36 billion in revenue compared ...
Read Full Story »
*Jun 08 - 00:05*

Why One Analyst Now Sees Great Value in BP

Over five years ago a huge disaster happened that would change the world for BP PLC (NYSE: BP), millions of barrels of crude oil were dumped in the Gulf of ...
Read Full Story »
Conoco Logo

What Conoco Earnings May Really Say About Its High Dividend

ConocoPhillips (NYSE: COP) is scheduled to report its second-quarter financial results Thursday before the markets open. There are consensus estimates from Thomson Reuters that call for of $0.04 in earnings ...
Read Full Story »
100949576

After BP Results, Big Oil Earnings Prospects at Oxy, Exxon, Chevron, Valero

When energy super-major BP plc (NYSE: BP) reported second-quarter results very early Tuesday morning, the headline number is the $6.3 billion loss attributed to low crude oil prices and a ...
Read Full Story »
467094355

Short Sellers Become More Selective in Major Oil

The short interest data have been released for the July 15 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
Read Full Story »
United 787 Dreamliner

Low Oil Prices Translate Into Higher Profits for Big 3 Airlines

Oil prices declined an incredible 52% over the past year, according to CNN Money, and trade around $49 per barrel as of this writing. This served as a boon to ...
Read Full Story »
Oil spill

Short Sellers Become More Selective in Major Oil

The short interest data have been released for the June 30 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
Read Full Story »
Oil well silhouette on sunset

The 10 Most Oil-Rich States

Oil futures fell last week, the biggest weekly decline since March, after the U.S. Energy Information Administration (EIA) said that U.S. oil and gas inventories unexpectedly rose the week before. ...
Read Full Story »
Kinder Morgan pipeline

3 Top MLPs for Rising Interest Rates

After a large sell-off that started last summer, the energy master limited partnerships (MLPs) may be of some interest. After a recent pull back, Credit Suisse’s John Edwards is backing ...
Read Full Story »
oil-jack-pumps

Is ConocoPhillips Now Grossly Undervalued?

Despite crude oil prices falling to the low $50 range, ConocoPhillips (NYSE: COP) is still making a good impression on analysts. In fact a key independent research firm sees about ...
Read Full Story »
124668669

Too Many Factors at Once Weigh on Oil Prices

Oil just does not like turmoil. Whether it is a stronger dollar, demand erosion in Europe or the threat of more new permanent supply on the world market may depend ...
Read Full Story »
186723229

Can Greece and China Drop Oil Back to $50?

News of a market correction in China and a possible exit of Greece from the eurozone after a series of defaults pressured oil by over 2% to $58.37. A series ...
Read Full Story »
oil-jack-pumps

Major Oil Short Interest Gaining Momentum

The short interest data have been released for the June 15 settlement date. It just so happens that some of the latest short interest readings for major oil companies are ...
Read Full Story »
downgrade

Chesapeake Loses One of Its Biggest Bulls

Chesapeake Energy Corp. (NYSE: CHK) is under fire by analysts. Oppenheimer is downgrading this oil company due to its growing losses and its cash flow deficit. The firm is also ...
Read Full Story »