Oil Services Earnings Dominated by American Activity
Schlumberger and Baker Hughes reported mixed first-quarter results before the markets opened Thursday. Their earnings were dominated by activity in North America.
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Newest first · Page 290Rival Earnings Expectations: Schlumberger vs. Baker Hughes
Earnings season is upon us, and Thursday will bring earnings reports from oilfield services giants Schlumberger and Baker Hughes. 24/7 Wall St. has earnings previews for both stocks.
Sharp Rise in Crude Oil Inventories Unlikely to Lower Gasoline Prices
Wikimedia CommonsThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 10 million barrels last week, maintaining a total U.S. commercial crude inventory to…
Gas Prices Rise Again, Move Closer to $4
ThinkstockIn what has become almost a daily pattern, gasoline prices have risen again, reaching $3.653 as the average price for a gallon of regular nationwide. The comparable price for premium reached $3.993. In several…
Five High-Yielding MLP Energy Infrastructure Stocks to Buy Now
In a new research report, the Energy Infrastructure analysts at J.P. Morgan make the case that the high-yielding stocks that fall within their category are a solid bet in a very choppy market.
Conoco Sets Goal for Double-Digit Shareholder Returns
At its analyst meeting in New York City Thursday, ConocoPhillips reaffirmed its goal of delivering double-digit annual returns to investors by, in part, growing production by 3% to 5% a year.
Natural Gas Build Only a Fraction of Needed Recovery
thinkstockThe U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks increased by 4 billion cubic feet for the week ending April 4, compared with an expected increase of between 5…
Why Gasoline Prices Have to Beware Shrinking Inventories
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 4 million barrels last week, maintaining a total U.S. commercial crude inventory to 384.1…
EIA Predicts Gasoline Price Hike to Continue
ThinkstockThe most recent forecast from the U.S. Energy Information Administration calls for the average price of a gallon of gasoline to rise to a peak of $3.66 in May before declining to $3.46 a…
Outside News Drives Fuel Cell Interest Again
ThinkstockThe fuel cell sector is getting some rekindled interest on Tuesday. These names have pulled back handily from their highs and during the sell-off, but these stocks will remain controversial battleground stocks due to…
Stifel Raises Targets on Top Energy Exploration and Production Stocks
ThinkstockDespite a constant ongoing debate on Wall Street over the price of oil, the bottom line for investors is that oil prices for West Texas Intermediate continue to hover near the $100 mark. Combine…
Gas Prices Surge to Eight-Month High
ThinkstockSeveral major surveys of gasoline prices show that the average price of a gallon of regular has reached an eight-month high. Depending on the source, that price is about $3.60. All signs indicated that…
Enbridge, Valero Get Approval to Export Crude
Thinkstock Independent oil refiner Valero Energy Corp. (NYSE: VLO) and Canada-based pipeline operator Enbridge Inc. (NYSE: ENB) have been granted licenses from the U.S. Commerce Depart to re-export crude oil imported into the U.S.…
Gas Prices Race Toward $4 in Parts of U.S.
ThinkstockCalifornia has taken the largest hit in the sharp increase in gasoline prices. The average price of a gallon of regular in the nation’s largest state recently rose above $4. However, in some of…
Could SolarCity Shares Ultimately Run to $175?
SolarCity has enjoyed much of the gains seen in the solar sector, and it is a company tied to the great Elon Musk. One problem that the company faces is that its profitability expectations…