Occidental Petroleum announced Tuesday that it is slashing its dividend by 86% and cutting planned capex spending for this year by $1.7 billion. Will other big oil companies also abandon their high…
24/7 Wall St. has tracked more than 35 analyst downgrades in the oil patch on Monday, after a Saudi-Russia price war on top of the coronavirus outbreak knocking demand for oil.
If the wider spread of COVID-19 wasn't bad enough for the public and the markets, now an oil price war between Russia and Saudi Arabia is pouring salt on the wounds.
Exxon Mobil told investors Thursday that it plans to keep investing in exploration and discovery. Investors and analysts were not amused.
The stock market has been unforgiving to the oil sector so far in 2020. Many investors are puzzled by the lack of interest and outright disdain that the stock market has for…
Wednesday's top analyst upgrades, downgrades and initiations included Altria, Beyond Meat, Chevron, Chipotle Mexican Grill, Epizyme, FedEx, Home Depot, Mattel, Morgan Stanley, Oracle, Qualcomm and Target.
Short interest in oil and gas stocks was mixed in the reporting period that ended February 14. Crude prices did not begin to tumble until a week later, however.
The energy sector dropped more than 4.5% Monday to continue its slide since the beginning of the year.
The impact of the spreading coronavirus has hit the energy sector particularly hard. Here are some of Monday's biggest losers.
BP on Wednesday announced plans to become a net zero emitter of carbon dioxide by 2050. Details won't be announced until September.
Crude oil prices have fallen since the outbreak of coronavirus in China was revealed in early January. Short sellers have been selective with their bets and continue to be so.
Norway's state-controlled oil giant, Equinor, announced Thursday that it plans to cut its carbon intensity by 50% over the next 30 years. Success depends on lowering the company's dependence on oil and…
Monday's top analyst upgrades, downgrades and initiations included Aimmune Therapeutics, Amgen, Biogen, Chevron, CRISPR, Exxon Mobil, Nike, Snap, Uber, Ulta Beauty and Verizon.
Chevron reported a quarterly net loss before markets opened Friday. Impairment charges had been revealed, but weaker pricing contributed to the poor showing.
Paul Ausick Friday will bring key earnings reports from Chevron and Exxon Mobil before the opening bell. These reports may create positive or negative waves throughout the energy sector.
