Today we got earnings from oil giant Chevron Corp. (NYSE: CVX). The company posted earnings of $7.89 billion for the quarter, which translates to $3.85 per share. That is well above the…
Douglas A. McIntyre These are some of the top analyst pre-market upgrades we are seeing early this Monday morning: Anadarko Petroleum (APC) Raised to Outperform at Oppenheimer. Apache (APA) Raised to Outperform at Oppenheimer. Applied…
Analysts assume third quarter earnings for the companies in the S&P 500 will be bad. But, looking at the number which is the average of all firms in the index is misleading.…
Yesterday’s interim update report from Chevron (NYSE:CVX) came out pretty much as we expected. The company projects significant improvement in downstream earnings and a drop in upstream earnings. Hurricanes in the Gulf…
Douglas A. McIntyre After the market closes today Chevron (NYSE:CVX) is releasing its interim update for the third quarter of 2008. Typically these updates paint a pretty accurate picture of what investors can expect from…
Marathon Oil (NYSE:MRO) today gave an interim update on its third quarter performance. The company will announce earnings on October 30th. Production is expected to be up by about 34,000 barrels of…
Jim Cramer wants people to sell all of their stocks. Even though the market may keep falling, that might not be a practical solution for everyone. There are several things investors can…
Energy companies are focusing on just a couple of things as they head into earnings season. First is debt and financing; second is production, especially for those companies who suffered from Hurricanes…
It’s no secret that share prices for big oil are down over the past 12 months. These oil giants have fallen sharply from highs when oil was in the $140’s per barrel. …
The ups and downs of the government’s attempts to get a bailout package for financial institutions is leading the major players in the oil patch to remain really quiet. Given the yelping…
As you will see below, there were many key changes to short sales in oil stocks. Some of these would have been expected to have gone up because oil was so weak. …
Oil is trading sharply higher this morning, partly because of oil pipeline and delivery disruptions. Platts reported that crude oil flows through the BTC pipeline have dropped from about 800,000 b/d to…
The effects of Hurricane Ike on the Gulf Coast are still being sorted out, but, so far reported infrastructure damage is light. That may change as producers, refiners, and pipeline operators begin…
The SEC has proposed new rules that would permit oil and gas companies to report possible and probable reserves as well as proved reserves when completing their annual 10-K. According to the…
Hurricanes Katrina and Rita in 2005 forced a halt to about 25% of US oil and natural gas production. Now Tropical Storm Gustav, which is predicted to gain hurricane status by the…
