Murphy Oil Corp. (NYSE:MUR), like other oil companies has been hit hard by declining oil prices. Yesterday, the company posted EPS of $0.83 for the quarter, down from $1.07 EPS a year…
ConcocoPhillips Corporation (NYSE:COP) confirmed today its week-ago operations update that the company would take a $34 billion non-cash impairment charge in the fourth quarter of 2008. Adjusted earnings, after the charge, were…
Kinder Morgan Energy Partners L.P. (NYSE:KMP) reported earnings yesterday, and handily missed analysts expectations of $3.4 billion in revenue and earnings per limited partner unit of $0.53. Revenue for the fourth quarter…
The Canadian government is reported to have offered financial support to the Mackenzie Valley gas pipeline project. Imperial Oil, a wholly-owned subsidiary of Exxon Mobil Corporation (NYSE:XOM), leads the project, which includes…
Nothing like a holiday weekend to soften the blow of bad news. Add in another day for a presidential inauguration, and it’s hard to see how ConocoPhillips Corporation (NYSE:COP) could have planned…
Douglas A. McIntyre Yesterday’s story about Venezuela opening the bidding for its oil resources raised an interesting question. What are the chances that Exxon Mobil Corporation (NYSE:XOM), with nearly $40 billion in cash at the…
Judged by the country’s performance in extracting hydrocarbons, Venezuela under President Hugo Chavez has not been a smashing success. Ten years ago, when Chavez first came to power, the country produced about…
Chevron Corporation (NYSE:CVX) already gave its severe earnings warning and we have already seen layoffs coming out of Schlumberger Limited (NYSE: SLB). and its dragging down share prices for the other oil…
Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) does not go for short-term gains, and short-term losses are part of the game for investing. Warren Buffett has even told employees to only to…
Flying J Oil, Inc., a privately-held oil company headquartered in Ogden, Utah, filed for bankruptcy protection under Chapter 11 on December 22nd. The company owns and operates more than 250 retail outlets…
Turning coal into natural gas is not brand-new technology, but it is rarely done because natural gas is, or has been, relatively cheap. Not as cheap as coal, but cleaner to burn…
Oil company share prices have been in near free fall for the past six months. Exxon Mobil (NYSE:XOM) is off about 20% from its 52-week highs and ConocoPhillips (NYSE: COP) is off…
These are some of the changes we have seen in the holdings of Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A). We have consolidated these into groups and this group is alphabetical from…
The International Energy Agency released its World Energy Outlook yesterday. The headline number is that the IEA predicts oil prices will rise to $200/b by 2030. The agency cites rising demand from…
About two and a half years ago when crude oil prices were heading up at a pace never before seen, the Saudi Arabian oil minister claimed that there was plenty of oil,…
