The largest mining company in the world just got a little bigger. Australia’s BHP Billiton Ltd. (NYSE: BHP) has agreed to acquire Petrohawk Energy Corp. (NYSE: HK) for $12.1 billion, a premium…
Looks like the whispers we were hearing yesterday about a split-up of some sort at oil major ConocoPhillips Corp. (NYSE: COP) were true. The company has announced this morning that it will…
After markets closed yesterday, Chesapeake Energy Corp. (NYSE: CHK) announced a plan to create a $1 billion venture capital fund to promote increased demand for natural gas by replacing petroleum-based products. At…
Russia’s President Dmitry Medvedev told an economic conference last month that he had ordered the government to reduce its controlling interests in some of the country’s biggest companies. He wants Russia’s largest…
Banks object to plans that would allow regulators to clawback pay if a bank becomes troubled and has to be liquidated (Reuters) Geithner has not told The White House he wants to…
Since the beginning of the year, returns for the three largest US oil companies have been sturdy, if not blinding, and each has a lower than average P/E ratio. Exxon Mobil Corp.…
coutesy of Exxon Mobile Corp.In the early morning hours Saturday, July 2nd, a 12-inch crude oil pipeline owned and operated by Exxon Mobil Corp. (NYSE: XOM) ruptured, spilling an estimated 1,000 barrels…
There are several ways in which companies can return money to shareholders, but the two most common methods of returning cash to shareholders are dividends and stock buybacks. Dividends are rarely controversial…
The Keystone XL Pipeline project has been under review for more than two years now, and has already secured approval from the Alberta provincial government and the Canadian national government. The pipeline,…
Gannett will layoff 700 people which caused a torrent of negative press coverage Carnival and GM were both victims of concern about oil price changes. The Flame Index started as a research…
Deals are aplenty when it comes to the natural gas sector. It is as if the future has been seen and natural gas is going to be in it even if the…
Short sellers must not agree with the conventional wisdom that high gas prices and unemployment will keep Americans out of stores and malls this summer. These investors decreased their negative bets against…
Congressional leaders will consider tax cuts as part of talks on an increased US debt cap. (Reuters) Citigroup (NYSE: C) said hackers gained access to data on bank cards. (Reuters) St Louis…
Exxon Mobil Corp. (NYSE: XOM) has announced two oil discoveries in the US Gulf of Mexico, totaling more than 700 million barrels of oil equivalent. The finds are the company’s first since…
Every state posted GDP growth between 2000 and 2010, according to the latest U.S Department of Commerce data, which was released earlier this week. The growth rates, however, were very wide. Michigan’s…
