The government of Iraq will prohibit Exxon Mobil Corp. (NYSE: XOM) from participating in the May auction of new leases because the US company last year signed six leases for exploration in…
Chevron Corporation (NYSE: CVX) is raising its sequential guidance for the first quarter earnings when compared to the fourth quarter. The company noted that upstream results are projected to improve from higher…
Jon C. Ogg Oil supermajor BP plc (NYSE: BP) has sold its southern gas assets in the North Sea to the UK’s Perenco UK Ltd for $400 million in cash. The sale is part of…
Members of Congress face new restrictions on insider trading. (Reuters) The UAW moves to organize a Volkswagen plant. (Reuters) A Brazilian oil regulator reports that the leak on a Chevron (NYSE: CVX)…
Oil supermajor Royal Dutch Shell plc (NYSE: RDS-A) announced that the company’s China subsidiary has signed a production sharing contract with China National Petroleum Corp. (CNPC), parent of publicly traded PetroChina Co.…
Goldman Sachs (NYSE: GS) begins staff cuts as part of an annual review process. (Reuters) The Obama Administration is expected to help U.S. solar panel makers in a trade war with China.…
United Parcel Service (NYSE: UPS) will take over TNT Express for $6.85 billion. (Reuters) Apple (NASDAQ: AAPL) to announce plans for its $100 billion in cash. (Reuters) Dell (NASDAQ: DELL) says it…
Under a new development plan released today, China forecasts production growth of natural gas from its shale deposits of around 230 billion cubic feet by 2015, up from zero today. The country…
Jon Ogg2012 has been a great year for stocks. We have recently seen the NASDAQ return to 3,000 for the first time in a decade. The S&P 500 Index has also now…
The U.S. will tap its Strategic Energy Reserve as a way to bring down gasoline prices. (Reuters) A large rise in iPad sales helps drive Apple’s (NASDAQ: AAPL) shares to new highs.…
Analysts at Deutsche Bank upgraded two LED makers this morning and the effect is rippling through through the other names in the industry. Aixtron SE (NASDAQ: AIXG) and Veeco Instruments Inc. (NASDAQ:…
Stocks opened modestly higher this morning and have wiggled around the neutral line all day. No significant news came out that would have influenced market action much one way or another. The…
Jon OggThese are some of this Wednesday’s top analyst upgrades, downgrades, and initiations seen in Wall Street research calls. AGL Resources, Inc. (NYSE: GAS) named as Bear of the Day at Zacks.…
courtesy of Chevron Corp.Chevron Corp. (NYSE: CVX) plans to increase its production of oil-equivalent barrels by 20%, compared with its 2011 production of about 2.7 million barrels/day. In its analyst presentation today,…
Paul Ausick The economy of Appalachia may be helped by natural gas and chemical plants. (Reuters) The People’s Bank of China will do more to support the yuan, and the global economic markets hit…
