Chevron reported better-than-expected second-quarter 2014 results before markets opened Friday morning. It paid a quarterly dividend and repurchased $1.25 billion in common stock in the period.
This week is the apex of earnings season, and we have the big three oil giants on deck to report: Exxon Mobil, Chevron and ConocoPhillips.
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 3.7 million barrels last week, maintaining a total U.S. commercial crude inventory…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 4 million barrels last week, maintaining a total U.S. commercial crude inventory…
ThinkstockTransocean Partners LLC, a spin-off from Transocean Ltd. (NYSE: RIG), has filed with the U.S. Securities and Exchange Commission (SEC) for an initial public offering (IPO) of 17.5 million common units in…
thinkstockJuly 16, 2014: Markets opened higher on Wednesday following a report of better-than-expected Chinese GDP growth and a strong showing from some big tech stocks. A sharp drop in crude oil inventories…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 7.5 million barrels last week, maintaining a total U.S. commercial crude inventory…
thinkstockJuly 9, 2014: Markets opened mixed on Wednesday following a lower close on Tuesday. The afternoon release of the minutes from the June FOMC meeting boosted the blue chips briefly to daily…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 2.4 million barrels last week, maintaining a total U.S. commercial crude inventory…
ThinkstockThe Dow Jones Industrial Average (DJIA) has finally hit the 17,000 mark! This is after new highs have been hit many times in 2014. Though 17,000 may not be a significantly important…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories decreased by 3.2 million barrels last week, maintaining a total U.S. commercial crude inventory…
Fitch warns that the Brazilian government's decision to assign the production of the excess volume of the transfer of right areas to Petrobras will further pressure the company's cash flow generation ability.
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 1.7 million barrels last week, maintaining a total U.S. commercial crude inventory…
There were some rather large changes in the numbers of shares short in the big oil stocks in early June. Still, an elevated short interest trend remains in place in the industry.
The Dow Jones Industrial Average (DJIA) has recently hit new highs, and the reading of 17,000 is now within striking distance. Another milestone is also not that far out of range — DJIA…
