ThinkstockCrude oil refiners have taken some heavy hits in the past couple of months. Because the cost of crude contributes about 65% to the price of gasoline, gas prices have remained high,…
ThinkstockCrude oil refiner Marathon Petroleum Corp. (NYSE: MPC) announced a cut to its second-quarter earnings estimates well after markets closed last night. Late last week the country’s largest refiner, Valero Energy Corp.…
ThinkstockIn a move first discussed in March, Phillips 66 (NYSE: PSX) has filed an amended Form S-1 with the U.S. Securities and Exchange Commission (SEC) for the initial public offering (IPO) of…
Paul Ausick ThinkstockWhen supermajor oil companies like Royal Dutch Shell PLC (NYSE: RDS-A) pick a new chief executive officer, the new appointment virtually always comes from the upstream exploration and production side of the…
ThinkstockWhen U.S. crude oil supplies remain very high, U.S. drivers can usually depend on gasoline pump prices to fall. That has not been happening in the U.S. for about 2 months now,…
White House Photo by Pete SouzaNow that stocks have started to sell off and now that interest rates have begun to rise, many investors are looking for bargains out there in the…
ThinkstockLast year was a good year for oil and gas stocks, but unless a company had a refining and marketing operation, it was not a great year. Share prices rose by at…
White House Photo by Pete SouzaBerkshire Hathaway Inc. (NYSE: BRK-A) and Warren Buffett released the conglomerate’s stock holdings as of March 31, 2013. This 13F filing with the SEC shows that the…
U.S. equity markets opened lower this morning following a weaker-than-expected employment report from ADP and concern that Friday’s report from the Bureau of Labor Statistics will follow the ADP lead (more coverage…
ThinkstockPhillips 66 (NYSE: PSX) reported first-quarter 2013 results before markets opened this morning. The oil refiner posted adjusted diluted earnings per share (EPS) of $2.19. In the same period a year ago,…
Paul Ausick ThinkstockAfter Leading the S&P 500 and the energy sector for the past two years, and into the first quarter of this year, the U.S. refining sector hit a rough patch in March.…
Frank Golhen, via Wikimedia CommonsOne natural inclination for investors during bull market runs is to avoid stocks that have been the largest percentage gainers. The logic is that they will be the…
ThinkstockThere has been a bruising battle over how much America’s largest corporations should pay in taxes, especially as the size of the federal budget deficit grows. While on paper the federal corporate…
ThinkstockWe have tracked the key short interest changes as of February 28 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI); BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE:…
24/7 Wall St. is a big fan of companies that continually raise their dividends. We recently highlighted that industry leaders Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX) would be raising their…
