Energy Business - Page 2

Why Exxon and Chevron Sank After Reporting Q2 Earnings

The country's two supermajor energy companies, Exxon Mobil Corp. (NYSE: XOM) and Chevron Corp. (NYSE: CVX), both announced preliminary second-quarter results before markets opened on Friday. Exxon posted quarterly diluted ...
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Why SunPower Earnings Are Blowing Away Investors

When SunPower Corp. (NASDAQ: SPWR) released its second-quarter financial results after the markets closed on Wednesday, the solar energy firm said that it had $0.75 in earnings per share (EPS) ...
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Why Enphase Is Wednesday’s Big Earnings Winner

When Enphase Energy Inc. (NASDAQ: ENPH) released its second-quarter financial results before the markets opened on Wednesday, the firm said that it had $0.18 in earnings per share (EPS) and ...
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BP Profits From Rising Crude Oil Prices, Flat Production

BP PLC (NYSE: BP) reported second-quarter 2019 results before markets opened Tuesday. The oil and gas supermajor posted adjusted diluted earnings per American depositary share (ADS) of $0.83 on sales ...
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Is Exxon Mobil Better Positioned Than Chevron Ahead of Earnings?

This week will mark the end of peak earnings from the S&P 500 companies. The mixed reports from many major corporations have created big gains or big losses afterward. Energy ...
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Short Sellers Mixed on Alternative Energy, Solar Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on July 15. Of the companies we watch, short interest decreased on ...
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Short Sellers May Be Moving Out of Energy Stocks

Crude oil traded around $56.70 a barrel early Thursday. Over the past month, the price of benchmark West Texas Intermediate crude for immediate delivery has dipped by about $2.50 a ...
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As Demand for Oil Falters, Can Schlumberger’s Good Results Last?

Schlumberger Ltd. (NYSE: SLB) reported second-quarter 2019 results before markets opened on Friday. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.35 on revenues ...
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Why Kinder Morgan Shares Are Sagging 

Kinder Morgan Inc. (NYSE: KMI) reported second-quarter 2019 results after markets closed Wednesday. The midstream giant posted adjusted earnings per share (EPS) of $0.23 per share on revenues of $3.21 ...
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Is More Weakness Ahead for MLPs With Q2 Earnings?

If one segment within energy would like to avoid further weakness, the master limited partnerships (MLPs) might want to see some growth or stability. This segment is not supposed to ...
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Oil & Gas Midcap Callon Buys Rival Carrizo for $3.2 Billion

Two midcap energy companies announced Monday an agreement under which Callon Petroleum Co. (NYSE: CPE) will acquire Carrizo Oil & Gas Inc. (NASDAQ: CRZO) in an all-stock deal valued at ...
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Short Sellers Hold Their Ground on Energy Stocks

Crude oil traded around $61 a barrel early Thursday. Over the past month, the price of West Texas Intermediate (WTI) crude for immediate delivery has recovered about $10 a barrel, ...
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Stifel Has 5 Mid-Cap Energy Stocks to Buy With 100% and More Upside Potential

While the market continues to tread water near all-time highs, many investors are trying to find sectors that continue to offer upside potential for the second half of 2019, which ...
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Why the Latest Petrobras Share Offering May Actually Be a Success

At a time when it is hard enough to make money investing in oil and gas stocks, some investors might wonder why anyone would bother, or dare, to invest in ...
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Philadelphia Refinery That Exploded to Close

The largest oil refinery on the East Coast will close following last Friday's early morning explosion and fire that destroyed the plant's 30,000-barrel-per-day alkylation unit that processes refined products like ...
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