Why Schlumberger Will Fire 11,000
The announcement came as a part of Schlumberger's terrible first-quarter earnings announcement. The carnage of layoffs continues across the oil industry due to low crude prices.
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Newest first · Page 238Schlumberger Job Cuts Now Total 11,000
ThinkstockSchlumberger Ltd. (NYSE: SLB) reported first quarter 2015 results after markets closed on Thursday. The oil field services firm reported adjusted diluted quarterly earnings per share (EPS) of $1.06 on revenues of $10.25 billion.…
Is Kinder Morgan Now the Perfect Energy Stock?
Now that Kinder Morgan has shed its MLP structure, and now that its earnings came with another dividend hike, some oil and gas investors might wonder if this becoming the perfect oil stock for…
US May Become a Net Exporter of Energy by the End of the Decade
In its Annual Energy Outlook 2015 published on Tuesday, the U.S. Energy Information Administration (EIA) projected the country's energy demand and supply out to 2040.
Natural Gas Price Falls on Large Inventory Addition
The U.S. Energy Information Administration reported Thursday morning that U.S. natural gas stocks increased more than expected for the week ending April 10.
Apple’s Clean Energy Footprint Grows on China Deal With SunPower
SunPower announced Thursday morning that it will join with Apple to build two solar power projects in China's Sichuan province.
Analyst Raises Price Targets on Top Permian Basin Oil Stocks
With some top companies in the West Texas Permian Basin starting to report better well results, SunTrust Robinson Humphrey is becoming increasingly more positive on the stocks and the region.
Gas Moves Back Toward $3
Gasoline prices have started to march back to $3 a gallon, after breaking the $2 barrier on the way down just weeks ago.
Kinder Morgan Still Talks About Expansion as Revenues Shrink
Kinder Morgan reported disappointing first-quarter 2015 results after markets closed Wednesday.
Crude Oil Price Jumps Following Light Inventory Growth
The U.S. Energy Information Administration (EIA) has released its latest weekly petroleum status report.
US Crude Oil Production Begins to Fall
The U.S. Energy Information Administration has forecast a drop in oil production between April and May, the first net drop in U.S. production since 2008.
5 Potential MLP and General Partner Buyout Candidates
One thing that the massive sell-off in crude oil has done is revved up mergers and acquisitions speculation. Credit Suisse has five potential takeover candidates.
IEA Expects Oil Demand Will Rise
In another piece of news that could drive up oil prices, the International Energy Agency revised its forecast for oil demand.
Why 2 Major Analysts Downgraded BP in 2 Days
Even long after the Gulf oil spill, BP has had a rough run of things. It does not help that two analysts are making near identical calls on the stock implying a slight downside…
OPEC Attacks Oil Industry for Loss of 100,000 Jobs
OPEC says that unbridled competition within the oil industry has cost 100,000 jobs. But are its comments self-serving?