12:58pm ET
Energy
East Coast Oil Refinery Will Not Close
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…
Companies
/Energy
Conoco Phillips
$130.35
▲ $0.83 (+0.64%) today
Markets closed · 11:07pm ET
COP Coverage
Page 43
11:32am ET
Energy
Exxon’s Natural Gas Confession Bad For All; Maybe An Earnings Warning? (XOM, CHK, BP, ECA, COP, DVN, EOG, APC, UPL, STR, UNG)
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…
10:25am ET
Energy
New Chairman, Directors at Chesapeake
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:…
7:39am ET
Energy
Gulf of Mexico Lease Sale Nets $2.6 Billion (XOM, COP, CVX, APA, RDS-A, APC, NBL, BP, BHP, STO)
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…
4:14pm ET
Investing
Consumer Bonus: Oil Challenging $80/Barrel and Gasoline Challenging $3.50/Gallon
Maybe you want to blame the rising dollar or maybe you want to blame continued slow weakness along with a building inventory report. Oil is now within striking distance of the $80…
4:05pm ET
Investing
24/7 Wall St. Closing Bell — June 20, 2012 (COP, APOL, CSCO, PAA, ADSK, ADBE, JBL, JKS, GAGA, BBBY, MU, RHT, SONC, KMX, CAG, PG, JPM, GEVO)
The three major US stock indexes opened slightly lower this morning as markets waited patiently for an afternoon announcement from the FOMC. When the word finally came that Operation Twist would continue…
8:37am ET
Investing
Top Analyst Upgrades & Downgrades (ADBE, APOL, ADSK, CECO, CSCO, COP, FL, PAA, SUP, TSO, TIF, WNR, Z)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Wednesday. Adobe Systems Inc. (NASDAQ: ADBE) Cut to Underperform at JMP Securities. Apollo…
11:10am ET
Investing
Is Natural Gas Staging a Comeback? (XOM, CHK, BP, ECA, COP, DVN, EOG, APC, UPL, STR, UNG)
It has been almost exactly two years since Exxon Mobil Corp. (NYSE: XOM) completed its $31 billion merger with XTO Energy to create the largest natural gas company in the US. Exxon’s…
1:24pm ET
Energy
Refinery Sale Suddenly In Jeopardy (PSX, COP, DAL, SUN, ETP, CG, CVX, VLO, XOM, BP, CVI)
In December 2011, before the spin-off of Phillips 66 (NYSE: PSX) from ConocoPhillips (NYSE: COP), Conoco was believed to be trying to sell its 247,000 barrel/day Belle Chase, Louisiana, refinery for $700…
2:43pm ET
Energy
Big Oil Fares Poorly With Drop in Oil Prices
As oil went from $105 to under $85 in just over a month, you can imagine that the drop was not too good for Big Oil. In fact, the news was pretty…
2:36pm ET
Energy
Outlook for Oil Refiners “Reasonable” Says Fitch (VLO, MPC, PSX, TSO, WNR, HFC, XOM, CVX, COP, BP)
The current drop in crude oil prices is putting a little more cash in the pockets of consumers at the expense of the big integrated oil and refining companies. The reason is…
2:23pm ET
Energy
Endeavour Sees Monster Short Squeeze on ConocoPhillips Deal (END, COP)
Endeavour International Corporation (NYSE: END) is not exactly a household name in the oil sector… It is also hard to get excited about such a small-cap name when you consider the other…
Jon C. Ogg 8:34am ET
Investing
Top Analyst Upgrades & Downgrades (ARBA, CHEF, CLF, CSTR, COP, FET, INTC, OVTI, SCMR, TM, CA, RHT)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Thursday. Ariba Inc. (NASDAQ: ARBA) Cut to Sell at Argus. The Chefs’ Warehouse…
4:07pm ET
Investing
24/7 Wall St. Closing Bell — May 29, 2012 (COP, FB, BTU, WDC, FL, SAFM, SHIP, BAH, CZZ, TFM, HSOL, LGF, TIVO, YGE, LCRY, IBI, LDK)
The three major US stock indexes opened higher this morning as European markets responded positively to reports that Greece is less likely to leave the eurozone. There was also speculation that China…
8:12am ET
Investing
Top Analyst Upgrades & Downgrades (AAPL, MT, COP, EVER, FB, FL, MNST, NE, BTU, SAI, STX, VALE, WDC, WHR)
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Tuesday. Apple, Inc. (NASDAQ: AAPL) named Bull of the Day at Zacks. ArcelorMittal (NYSE:…