Valero Earnings Propped Up by Ethanol; Phillips 66 Gets No Such Help
Valero Energy and Phillips 66 reported fourth-quarter and full-year 2013 earnings before markets opened Wednesday morning.
Valero Energy and Phillips 66 reported fourth-quarter and full-year 2013 earnings before markets opened Wednesday morning.
Short interest in several large oil and gas stocks rose in the two-week period to January 15, likely as a result of expected pressure on crude oil prices, refining margins and drilling…
These are the top analyst upgrades, downgrades and initiations seen from Wall Street research firms on Thursday, January 23, 2014.
ThinkstockRefining companies with the majority of their operations on the Gulf Coast of the United States have been in the driver’s seat for profits during the past several months of 2013. Access…
ThinkstockStocks are still close to all-time highs as the new year approaches, and investors have to start positioning themselves for 2014. 24/7 Wall St. reviews dozens of Wall Street analyst reports each…
ThinkstockOne of the largest initial public offerings of the year has reportedly priced at $20 a share on Wednesday night and will begin trading Thursday morning. The expected pricing range had been…
ThinkstockIn a late burst of initial public offerings (IPOs) this year, there are no less than nine companies expected to begin trading this week. Not all are likely to make the cut,…
Jon OggStocks have pulled back over the past week, after eight straight weeks of rallying. Now investors are getting ready for year-end and positioning themselves for 2014. 24/7 Wall St. goes over…
Thinkstock24/7 Wall St. has been keeping track of all the 2014 outlook pieces and year-end pieces for 2013. Now it looks as though there is a selective positive outlook from Bank of…
The dramatic production increase from U.S. shale plays in North Dakota, Montana and Texas have had little impact on the amount of oil produced by members of OPEC. However, the cartel does…
ThinkstockContinuing a trend begun in May, Valero Energy Corp. (NYSE: VLO) on Monday commenced an initial public offering (IPO) of a logistics group called Valero Energy Partners L.P., announcing plans to sell…
ThinkstockAs expected, the U.S. Environmental Protection Agency (EPA) issued proposed rules on Friday to reduce the amount of ethanol required to be blended with gasoline in 2014. After a 60-day comment period…
Jon OggWe are nearing the end of earnings season, and stocks have challenged new all-time highs. Now investors are starting to think about 2014, and the notion of which stocks to buy…
ThinkstockPhillips 66 (NYSE: PSX) reported third-quarter 2013 results before markets opened Wednesday morning. The oil refiner posted adjusted diluted earnings per share (EPS) of $0.87 on revenues of $44.85 billion. In the…
ThinkstockOil industry data and publishing firm Platts announced on Tuesday its annual list of the top 250 global energy companies. This marks the twelfth year that Platts has compiled its listing. The…