The three major US stock indexes opened lower this morning as reports on Japanese (more coverage here) and Greek GDP (more coverage here). both disappointed investors. Asian markets were propped up somewhat…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen from Wall St. research calls this Monday morning. Bed Bath & Beyond Inc. (NASDAQ: BBBY) raised to…
Phillips 66 (NYSE: PSX) has risen handily since Warren Buffett disclosed that he has a stake in the oil company in the middle of July. Now shares have hit a new post-IPO…
Phillips 66 (NYSE: PSX) reported second-quarter earnings of $1.86 per share and $47.83 billion in revenue before markets opened this morning. Earnings per share (EPS) rose from the year-ago total of $1.64,…
The three major US stock indexes opened mixed this morning with the Nasdaq Composite slightly negative on an unexpectedly weak earnings report from Apple Inc. (NASDAQ: AAPL) (more coverage here). A weak…
ConocoPhillipsConocoPhillips (NYSE: COP) this morning reported second-quarter adjusted earnings per share (EPS) of $1.22 and $15.2 billion in revenue. EPS fell from $1.64 in the same period a year ago, and revenue…
The three major US stock indexes opened roughly flat this morning as Spanish 10-year bond yields rose to 7.5% and Moody’s cut Germany’s outlook to ‘negative’ after the markets closed last night…
A federal appeals court in Washington, D.C., today ruled that the US EPA’s 2010 rule limiting emissions of sulfur dioxide was valid. The rule had been challenged by a trade group representing,…
Higher demand from growing East Coast markets coupled with favorable economics even at currently low prices point to a continued boom in natural gas production from the Marcellus shale play according to…
The government of Norway has ended a 16-day strike against offshore oil and gas producers and killed the threat of an industry lockout that was set to begin at midnight last night.…
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers will be…
The oldest refinery on the US East Coast will not be closing in August. The refinery’s owner, Sunoco Inc. (NYSE: SUN) today announced that it would form a joint venture with The…
At a meeting in New York this morning, Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson said that his company is “losing our shirts” on natural gas production. Did he just notice…
Chesapeake Energy Corp. (NYSE: CHK) announced this morning that the new independent, non-executive chairman of the company’s board of directors will be Archie W. Dunham, former chairman and CEO of ConocoPhillips (NYSE:…
The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) yesterday held a lease sale for 39 million acres of US outer continental shelf open for development. The total of all…
