Energy Business

BP Promises Net Zero Emissions by 2050 or Sooner

The parade of the world's largest oil companies announcing plans for reducing carbon emissions added BP PLC (NYSE: BP) to the roster Wednesday morning. The U.K.-based supermajor said, among other ...
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Short Sellers Mixed on Oil Stocks, but One Big Winner and One Big Loser Stand Out

Crude oil traded around $50.70 a barrel early Wednesday, down by about $2.80 in the past week and about $0.60 short of a 52-week low posted earlier this week. Over ...
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Modest Short Interest Moves in Solar, Alt Energy Stocks Despite Tumbling Share Prices  

Short interest moves among solar and alternative energy stocks were generally to the downside during the two-week reporting period that ended on January 31. Of the companies we watch, short ...
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Oil Major Equinor to Slash Carbon Emissions 50% by 2050

Norway's state-controlled oil company, Equinor ASA (NYSE: EQNR), formerly known as Statoil, announced Thursday that it is committed to slashing its carbon intensity by 50% by 2050. Over the next ...
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Why Peabody Energy Stock Soared: It’s Not Splendid Earnings

Coal miner Peabody Energy Corp. (NYSE: BTU) announced quarterly and full-year results Wednesday morning at about the same time that the company also announced that it had reached an agreement ...
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Merrill Lynch Very Cautious on Oil Stocks: 5 Defensive Picks to Buy Now

When 2020 started, things were looking pretty solid for oil and the energy sector. Then to make things even spicier, a little geopolitical volatility was tossed into the mix when ...
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Is It Smooth Sailing for BP Stock Going Forward?

BP PLC (NYSE: BP) reported fourth-quarter and full-year 2019 results before markets opened Tuesday. For the quarter, the oil and gas supermajor posted adjusted diluted earnings per American depositary share ...
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Chevron Stock Torched by $10.4 Billion in Q4 Charges

Chevron Corp. (NYSE: CVX) reported fourth-quarter results before markets opened Friday. For the quarter, the oil and gas supermajor posted a diluted loss per share of $3.51 on total revenues ...
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Asset Sale Props Up Exxon Stock as Pricing Hammers Profits

Exxon Mobil Corp. (NYSE: XOM) reported estimated fourth-quarter and full-year 2019 results before markets opened Friday. For the quarter, the integrated oil and gas giant posted quarterly diluted earnings per ...
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With Chevron and Exxon Earnings on Deck, Dividend Sustainability Up for Debate

With peak earnings season here, nearly half of the 30 Dow Jones industrials were reporting results in the week of January 31. Technology has ruled the roost of the nation's ...
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What Boosted Chesapeake Energy Stock Wednesday

Oil and natural gas producer Chesapeake Energy Corp. (NYSE: CHK) on Wednesday issued a preliminary fourth-quarter operational update. Investors wanting to know whether the struggling company can stay afloat got ...
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4 Big Dividend Oil Stocks to Buy Now With Crude Down Almost 20% in January

After a nice run, which was punctuated during the confrontations with Iran early this month, the benchmark price of oil, which reached almost $65 a barrel for West Texas Intermediate, ...
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Short Sellers Raise Bets on Falling Oil Stock Prices

Crude oil traded around $53.14 a barrel early Monday, down about $5 in the past week and about $3 short of a 52-week low posted last June. Over the past ...
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Solar, Alt Energy Stocks Post Big Short Interest Swings, Outcome Mixed  

Short interest moves among solar and alternative energy stocks were generally to the downside during the two-week reporting period that ended on January 15.  Of the companies we watch, short ...
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Oil Majors Slammed as Crude Enters Fifth Straight Day of Selling

It turns out that those temporary inflation fears that pop up from time to time get a reprieve every time the price of oil tanks. The price of crude oil ...
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