BP Earnings Buoyed by Higher Prices, Production
The last supermajor energy company to report second-quarter earnings, BP this morning posted a beat on profit and revenue estimates and has cut its break-even cost per barrel by more than 20%.
Archive
Year: 2017
All Year: 2017 Articles
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Over 90 Million Americans Used Prescription Opioids in 2015
No wonder there is a national problem with opioid use. A contributing factor has to be that almost 92 Americans used opioids in 2015.
$50 Oil for the Rest of the Decade
BP reported strong second-quarter earnings and the CEO said he believes that oil prices will run about $50 a barrel for the remainder of the decade.
6 Most Important Things in Business Today
Nissan was charged with unfair labor practices, Tesla may operate the batteries at wind farms off the Massachusetts coast, and more headlines.
Pandora Still Bleeding Listeners, Beating Estimates
Pandora posts beat on profits and revenues, even as listeners melt away and hours drop. Must be the subscription revenues.
Chevron, Home Depot Lead DJIA Higher Monday
Chevron, Home Depot, Procter & Gamble, and 3M led the DJIA to another all-time high on Monday.
Discovery, Eldorado Gold Dip into Monday’s 52-Week Low Club
Discovery Communications, Eldorado Gold, Fluor, and Johnson Controls all set new 52-week lows Monday.
Amazon Prime Pilots Launch Tuesday Protest
Pilots with two carriers contracted to provide planes and staff for Amazon Prime Air will be protesting in Seattle Tuesday, to call attention to the severe staffing shortage these and other carriers are facing.
Gas Prices Spike Up on Venezuela Anxiety and High Oil Supply
U.S. gas prices rose by an national average of four cents a gallon last week as a limit on exports from Saudi Arabia, a continuing drawdown in crude oil inventories and other factors worked…
McDonald’s Struggles to Overcome Perceptions of Poor Customer Service
The turnaround of McDonald’s has been monumental, but one ongoing problem for the fast-food giant is the perception of its customer service.
Why Ulta Beauty Shareholders May See Less Beautiful Times Ahead
Oppenheimer has now become concerned about softer trends in the U.S. beauty market. These are not issues that investors want to hear in high-beta stocks.
7 Top Energy Companies Reporting Earnings Tuesday
Just because Exxon Mobil and Chevron have reported second-quarter results does not mean there is nothing interesting left to see in the energy business. Seven firms, with market caps from $114 billion to $5…
Why BLS May Have Slower Payrolls Growth in July
So far we are seeing more evidence pointing to slower payroll growth for July. Whether that changes as other preliminary jobs reports come out this week remains to be seen.
Pending Home Sales End 3-Month Slide in June
Pending home sales in the month of June rose, the first increase in four months, according to the National Association of Realtors. Scarce inventory of homes for sale continues holding prices up.
Chicago PMI Shows Downtick in Growth but Higher Inflation
The Chicago PMI had been steadily accelerating in 2017, and it reached a three-year high in June, but the July report offered a weaker reading.