Equity markets opened mixed this morning, with the DJIA up slightly and the NASDAQ Composite and S&P 500 down slightly. That pattern held throughout the day as last night’s report from Google…
The first of the big oil field services to report quarterly earnings is also the largest: Schlumberger Ltd. For the full fiscal year, the company reported revenue of $39.54 billion and diluted,…
Schlumberger Ltd. (NYSE: SLB) will be the first of the oil services giants to report earnings for this earnings season when the company reports on Friday morning. Needless to say, but we…
Jon C. Ogg This shortened week is the first week full of many major companies reporting earnings season. We will have a clear direction for the financial leaders and many of the technology leaders after…
This morning’s weekly petroleum status report from the US Energy Information Administration noted a particularly steep — and unexpected — drawdown in oil stocks. Crude inventory fell by 10.6 million barrels, far…
Stocks opened lower this morning and trailed mostly lower throughout the day. Today’s wholesale inventory reported showed a gain of 1.6% and the initial jobless claims were substantially lower than expectations of…
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall Street research calls this Thursday morning. Brightpoint Inc. (NASDAQ: CELL) Reiterate as Buy with a $14 price…
Share prices for the oil field services companies dipped in late July shortly after many of the companies had posted new 52-week highs. The stocks have been struggling since then, primarily as…
Following last year’s disaster in the Gulf of Mexico, oil drillers and field services companies watched their shares fall more than -20% in most cases as prospects for exploration and production dropped.…
Responsibility is going to get spread around for the explosion of the Deepwater Horizon that killed 11 people and poured millions of barrels of oil into the Gulf of Mexico last year.…
The boom in US natural gas drilling resulting from the technological advances of horizontal drilling and hydraulic fracturing is beginning to spread to the rest of the world. In some countries, like…
There are five companies that dominate the oil field services industry, and all have a market cap above $10 billion. The five are Schlumberger Ltd. (NYSE: SLB), Halliburton Co. (NYSE: HAL), National…
Recent reports from North Dakota illustrate just how much demand there is for workers in the Bakken oil and gas fields. Unemployed workers have relatively little trouble finding jobs there, whether on…
None of China’s three largest oil companies is having a particularly good year as far as refining profits go. China Petroleum & Chemical Corp. (NYSE: SNP) — known as Sinopec — reported…
ThinkstockThe boom in natural gas production resulting from horizontal drilling and hydraulic fracturing (fracking) has come at a price. There is plenty of anecdotal evidence that the chemical stew of fluids used…
