Exxon Mobil Proved Oil Reserves Worth Close to $800 Billion Even at Depressed Prices
Exxon Mobil's latest filing with the SEC showed a massive gain in the oil and gas giant's 2015 reserves.
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Energy High-Yield Bond Defaults Most Since 2009
Halfway through February, 11 high-yield bonds have defaulted, the most recorded during a one-month span since a similar number were chalked up in September 2009.
Cabot Oil & Gas Posts Mixed Results
Cabot Oil & Gas reported fourth-quarter and full-year 2015 results before markets opened Friday morning.
Gas Drops to 99 Cents in Texas
But the lowest gasoline price in the United States currently is 99 cents per gallon in Burnet, Texas.
Crude Oil Price Trimmed Following Inventory Increase of 2 Million Barrels
U.S. commercial crude inventories increased by more than 2 million barrels last week, according to the EIA.
Natural Gas Price Flat on Big Storage Drawdown
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks decreased by 158 billion cubic feet for the week ending February 12.
Investors Shed Devon Shares as Equity Sale Follows Dividend Cut
On Wednesday the Devon Energy said it had priced a share offering of 69 million shares at $18.75 per share. Investors took the stock down about as low as $19.21 in early trading Thursday.
Merrill Lynch Very Careful on MLPs Now: 4 for Energy Investors to Buy Now
A new report on MLPs from Merrill Lynch noted that due to the extreme pressure on the sector last year, some investors even started to question the sustainability of the MLP business model.
Denbury Resources Posts Quarterly Loss, Cuts 2016 Capex by Half
Denbury Resources reported mixed fourth-quarter and full-year 2015 results before markets opened Thursday morning.
Venezuela Raises Gas Price to $0.60 a Liter, Still Remarkably Low
Economists would argue that the price of gasoline is relative, because many of the nations with high prices also have populations with high incomes and standards of living.
Marathon Oil Meets Profit Estimates, Beats on Revenues
Marathon Oil Corp. (NYSE: MRO) reported fourth-quarter and full-year 2015 results after markets closed Wednesday. For the quarter, the oil & gas production company posted an adjusted diluted net loss per share of $0.48…
SunPower Earnings Top Expectations
SunPower Corp. (NASDAQ: SPWR) reported fourth quarter financial results after the markets closed Wednesday. The company had $1.73 in earnings per share (EPS) on $1.36 billion in revenue compared to consensus estimates from Thomson…
Why Warren Buffett Bought Kinder Morgan Over Other Infrastructure and MLPs
How are investors to react when they see that Warren Buffett is still making bets in the oil and gas sector at a time when the sector has cratered?
Top Jefferies Energy Picks as 4 Big Producers Freeze Production
Freezing production is hardly the final answer to a world bloated with oil. What it does say, finally, is that producers are willing to make the tough choices necessary to boost prices from multiyear…
Nabors Quarterly Loss Narrower Than Expected
Nabors Industries Ltd. (NYSE: NBR) reported fourth quarter and full-year 2015 results after markets closed Tuesday. For the quarter, the oilfield services company reported an adjusted diluted net loss per share of $0.22 on…