12:35pm ET
Energy
Murphy Oil in Loeb’s Sights
Dan Loeb’s hedge fund, Third Point LLC, has put together a “significant” stake in Murphy Oil Corp. (NYSE: MUR) and filed with the SEC to buy even more. Murphy today acknowledged that…
Companies
/Energy
Chevron Corp
$201.86
▲ $2.09 (+1.05%) today
Markets closed · 6:01am ET
CVX Coverage
Page 1247:18am ET
Energy
Petrobras Aims to Sell Gulf of Mexico Assets
Petroleo Brasileiro SAThe CEO of Petroleo Brasileiro S.A. (NYSE: PBR), or Petrobras, says the company is “very near to closing a deal” for the sale of some $6 billion worth of assets…
8:45am ET
Energy
Oil and Gas Short Interest Follows Crude Pricing (BHI, BP, CHK, CVX, COP, EPD, XOM, KMI, NOV, PSX, SLB, RIG, VLO)
Short interest in the oil services companies has risen, while one of the two refiners on our list -- Phillips 66 -- posted a substantial drop in short interest. As crude prices…
12:40pm ET
Energy
Seadrill to Spin-off Drilling Company (SDRL, CVX, TOT, BP, XOM, GLNG, GMLP, FRO)
Offshore drilling services firm Seadrill Ltd (NYSE: SDRL) is spinning off its offshore rig business to a new company to be called Seadrill Partners LLC. If a filing with the SEC, Seadrill…
11:30am ET
Energy
Shuffling the Deck in Oil & Gas Exploration (EPL, MRO, CVX)
Yesterday a relatively small independent oil & gas firm, EPL Oil & Gas Inc. (NYSE: EPL) acquired three Gulf of Mexico fields from privately held HilCorp Energy GOM Holdings LLC for $550…
9:34am ET
Energy
Japan to Shut Down Nukes by 2040 (RDS-A, CVX, COP, KYO, FSLR, SPWR)
Wikimedia commons / Stefan KühnFollowing last year’s disaster at Japan’s Fukushima Daiichi nuclear power plant, Germany said it would abandon nuclear power generation in the country by 2022. Early today, Japan announced…
6:41am ET
Special Report
American Companies with the Most Cash
While many individual Americans are struggling financially, some of the largest corporations in the United States are sitting on billions in cash. Moody’s pointed out in March that U.S. nonfinancial companies’ cash holdings rose to…
8:36am ET
Energy
Chesapeake Dumps More Assets (CHK, RDS-B, CVX, UNG)
courtesy Chesapeake Energy Corp.Continuing the process of dumping properties in order to raise cash to pay down debt it incurred to purchase the properties in the first place, Chesapeake Energy Corp. (NYSE:…
7:32am ET
Energy
Crude Supply Down, Demand Up — IEA (VLO, PSX, XOM, CVX)
In its monthly Oil Market Report released this morning, the International Energy Agency (IEA) raised its global demand projections for 2012 and 2013 by 100,000 barrels a day to 89.8 million barrels…
6:34am ET
Investing
Is the iPhone the Only Product That Can Add 0.5% to GDP?
A JP Morgan Chase & Co. (NYSE: JPM) analyst speculated that sales of the new Apple Inc. (NASDAQ: AAPL) iPhone 5 could add “between 0.25% and 0.5% to annualized economic growth in the fourth quarter.”…
8:16am ET
Energy
Transocean Raising Cash?
Drill rig operator Transocean Ltd. (NYSE: RIG) this morning announced the sale 38 of its shallow-water drilling rigs to a consortium of private equity firms called Shelf Drilling International Holdings Ltd. for…
7:32am ET
Energy
Production Returns in the Wake of Hurricane Isaac (E, RDS-A, XOM, CVX, BP, PSX, VLO)
Crews were returning to both shallow-water and deep-water rigs in the Gulf of Mexico yesterday as the oil and gas industry prepares to restart production following Hurricane Isaac. A report from Platts…
2:18pm ET
Chinese Firm Files for Approval to Buy Canadian Oil & Gas Company
When China’s Cnooc Ltd. (NYSE: CEO) made its offer of $15.1 billion to acquire Canada-based Nexen Inc. (NYSE: NXY), the offer quickly brought to mind Cnooc’s failed 2005 $18.5 billion offer for…
Paul Ausick 9:05am ET
Investing
American Stocks Dominate Global Equities
More American companies are among the 20 largest in the world than at any time in the past decade. This is because earnings at U.S. companies have risen faster than the rest…
6:32am ET
Investing
Media Digest (8/28/2012) Reuters, WSJ, NYT, Bloomberg
Apple Inc. (NASDAQ: AAPL) pushes for a ban on eight Samsung phones. (Reuters) Best Buy Co. Inc. (NYSE: BBY) will allow former chairman Richard Schulze to review its books with an eye…