Energy Business

Can Exxon Mobil and Chevron Earnings Escape the Oil Trap?

At the end of the third quarter, West Texas Intermediate crude oil traded at around $73 a barrel, a year-to-date increase of about 25%. The two U.S. supermajor integrated oil ...
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Schlumberger’s Q3 Earnings Cleared a Low Bar

Schlumberger Ltd. (NYSE: SLB) reported third-quarter 2018 results before markets opened on Friday. The oil field services firm reported adjusted diluted earnings per share (EPS) of $0.46 on revenues of ...
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Record US Oil Exports Could Go Higher: 3 Dividend Energy Stocks to Buy Now

This year, exports from the United States of oil hit an incredible 2.2 million barrels per day. That is a remarkable number when you consider that a 40-year ban in ...
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Saudi Aramco Record IPO Will Be Killed by Saudi Scandal

Among the effects of the alleged murder of Jamal Khashoggi by the Saudi Arabian government is the damage it will do to an initial public offering planned for Saudi Aramco, ...
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Short Sellers Up the Ante in Major Oil Stocks

Crude oil was trading right around $74 a barrel early on Wednesday. Over the past month, crude has been up and down, reaching as high as about $77 and as ...
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Short Sellers Betting on Solar and One Alt Energy Stock

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on September 28.  Of the companies we watch, short interest rose on ...
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Jefferies Franchise List Energy Stocks Could Be Big Q4 Winners

The fourth quarter is underway, and with earnings reports for the third quarter set to start pouring in, many investors are looking to add stocks to their portfolios that offer ...
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Baker Hughes Buys Into Abu Dhabi While GE Sells Off Energy Portfolio

When a company struggles the way General Electric Co. (NYSE: GE) has over the past couple of years, the moves a company makes may seem contradictory. Two Monday morning announcements ...
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Goldman Sachs Makes 2 Big Changes on Its Oil Bets

Each morning's top analyst upgrades and downgrades come from dozens of various analyst reports. If there is one firm that can garner a serious look based on analysts changing opinions ...
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Baird Says Large-Cap Energy Stocks Are Cheap: 4 to Buy Now

Despite the sharp rise in oil prices, some of the top stocks have continued to trade at less than their net asset value using current NYMEX price. With supply becoming ...
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With Oil Nearing 4-Year Highs, Merrill Lynch Has 5 Top Stocks to Buy Now

It took some time, but the sanctions on Iran and the ongoing issues in Venezuela finally have started to push the benchmark pricing on oil higher. With West Texas Intermediate ...
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Rising Oil Prices Have Short Sellers Confused

Crude oil was trading right around $72 a barrel early on Wednesday. Over the past month, crude has been up and down, reaching as high as about $73 and as ...
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Sempra Energy Sells Solar Assets for $1.54 Billion

Energy infrastructure and distribution company Sempra Energy (NYSE: SRE) said Thursday morning that it has sold its U.S. non-utility operating solar assets, its solar and battery storage development projects and ...
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Permian Basin Driller Files for IPO

Independent oil and natural gas company Riley Exploration—Permian filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) Wednesday morning announcing its intention to proceed with an initial ...
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Morgan Stanley Sees Huge Upside for Oil Services in 2019 and 2020

It has been hard for investors to make some of the same gains in the oil and gas segment since oil prices have recovered handily. That may be about to ...
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