Energy Business - Page 2

Phillips 66, Partner Taking Bids on New Crude Oil Pipeline

Phillips 66 (NYSE: PSX) and privately owned Bridger Pipeline on Friday announced an open season for the proposed Liberty Pipeline to transport crude oil from production areas in the Rockies, ...
Read Full Story »

On Big Oil, Short Sellers Can’t Make Up Their Minds

Crude oil was trading right around $61 a barrel early on Monday. Over the past month, crude has been down sharply following the markets lower for the year. However, it ...
Read Full Story »

Short Sellers Betting Against Solar, Most Alt Energy Stocks

Short interest moves among solar and alternative energy stocks were mixed during the two-week reporting period that ended on October 31. Of the companies we watch, short interest rose on ...
Read Full Story »

Federal Judge Stops Keystone XL Pipeline, Requires Further Environmental Review

A federal district court judge in Montana has blocked construction of the Keystone XL pipeline and required the government to review again its environmental impact. The ruling overrides an executive ...
Read Full Story »

Why Big Dividend Energy Stocks May Be the Best End-of-2018 Bet

While most of us as consumers love seeing falling prices at the pump, especially as we close in on the holidays, investors in the big dividend-paying energy sector leaders have ...
Read Full Story »

Why Credit Suisse Sees Chevron More Valuable Than Exxon Mobil

Last week's earnings brigade included oil giants Chevron Corp. (NYSE: CVX) and Exxon Mobil Corp. (NYSE: XOM). Exxon's gain of 1.6% to $81.95 was overshadowed by Chevron's post-earnings gain of ...
Read Full Story »

What’s Driving Merger Mania in the Oil Patch?

A lot of money has been committed to mergers and takeovers in the oil & gas industry in just the past week. The first deal was the $1.7 billion merger ...
Read Full Story »

Chevron Thrives on Higher Prices, More Production

Chevron Corp. (NYSE: CVX) reported third-quarter results before markets opened Friday morning. For the quarter, the oil & gas supermajor posted diluted earnings per share (EPS) of $2.11 on total ...
Read Full Story »

Exxon Mobil Easily Beats Estimates on Higher Prices, Production

Exxon Mobil Corp. (NYSE: XOM) reported estimated third-quarter results before markets opened Friday morning. For the quarter, the integrated oil & gas giant posted quarterly diluted earnings per share (EPS) ...
Read Full Story »

Did Encana Pay Too Much for Newfield Exploration?

Calgary-based Encana Corp. (NYSE: ECA) announced Thursday morning that it has agreed to acquire Newfield Exploration Co. (NYSE: NFX) in an all-stock deal valued at $5.5 billion, not including the ...
Read Full Story »

Stifel Likes 5 Top Energy Stocks as Solid Q3 Earnings Start to Roll In

The price of oil has bounced around quite a bit over the past 90 days, generally staying between $65 and $74 a barrel. The good thing for most energy exploration ...
Read Full Story »

Is Chesapeake Biting Off More Than It Can Chew in This Transformative Acquisition?

If this was a decade ago, investors might not have flinched at hearing that Chesapeake Energy Corp. (NYSE: CHK) was going to make a large acquisition. In 2018, things are ...
Read Full Story »

Chesapeake Beats Estimates, Then Spends $4 Billion on an Acquisition

When Chesapeake Energy Corp. (NYSE: CHK) reported third-quarter 2018 results before markets opened Tuesday, the oil and gas exploration and production company posted adjusted earnings per share (EPS) of $0.19 ...
Read Full Story »

How BP Doubled Q3 Profits

BP PLC (NYSE: BP) reported third-quarter 2018 results before markets opened Tuesday. The oil and gas supermajor posted adjusted diluted earnings per American depositary share (ADS) of $1.15 on revenues ...
Read Full Story »

Why Phillips 66 Earnings, Revenues Soared

Oil refiner Phillips 66 (NYSE: PSX) reported third-quarter 2018 results before markets opened Friday. The petroleum refiner reported adjusted diluted earnings per share (EPS) of $3.10, compared with EPS a ...
Read Full Story »