ThinkstockPhillips 66 (NYSE: PSX) reported fourth-quarter and full-year results before markets opened this morning. For the quarter, the oil refiner posted adjusted diluted earnings per share (EPS) of $2.06 on revenues of $44.67 billion.…
ThinkstockKinder Morgan Energy Partners L.P. (NYSE: KMP) announced late last night that it has reached a definitive agreement to acquire midstream company Copano Energy LLC (NASDAQ: CPNO) in a transaction worth a total of…
ThinkstockChesapeake Energy Corp.’s (NYSE: CEO) CEO Aubrey McClendon is leaving the company he co-founded in 1989, citing “philosophical differences” with Chesapeake’s board. Until last year, there would have been no such differences because the…
Thinkstock BP, Texas City refineryWhen oil refiner Valero Energy Corp. (NYSE: VLO) reported a big earnings beat this morning, it was almost inevitable that the halo would also appear above the other major refining…
ThinkstockValero Energy Corp. (NYSE: VLO) reported fourth-quarter and full-year results before markets opened this morning. For the quarter, the oil refiner posted adjusted diluted earnings per share (EPS) of $1.82 on revenues of $34.69…
Thinkstock By Daniel J. Graeber of Oilprice.com A policy report from the scholars at The Brookings Institution finds that a surge in U.S. oil and natural gas production is a “bright spot” in the…
ThinkstockAs if anyone needed more evidence of the difficult path to profits in the oil refining business, Hess Corp. (NYSE: HES) said this morning that it will shut down its Port Reading, N.J., refinery…
courtesy of Chevron Corp.In documents filed with the federal district court in Manhattan this morning, Chevron Corp. (NYSE: CVX) for the first time included evidence of bribery in the $18 billion judgment against the…
ThinkstockWe have tracked the key short interest changes as of December 15 in the following oil and gas leaders: Baker Hughes Inc. (NYSE: BHI), BP PLC (NYSE: BP), Chesapeake Energy Corp. (NYSE: CHK); Chevron…
thinkstockBack in the days when billionaires were scarce on the ground, one of the bona fide big wheels was oilman J. Paul Getty, who offered this advice on getting rich: “Work hard and strike…
ThinkstockBack in November, hedge fund TPG-Axon Capital sent a letter to the board of directors of SandRidge Energy Inc. (NYSE: SD) challenging the company’s strategy and management. TPG-Axon owns about 6.7% of SandRidge. Investment…
ThinkstockIt is becoming increasingly apparent that Wall St. is keeping a sharp eye on companies in the oil service sector. As we reported earlier this week Deutsche Bank A.G. (NYSE: DB) upgraded the oil…
ThinkstockHalliburton Co. (NYSE: HAL) reported fourth-quarter and full-year 2012 results before markets opened this morning. For the quarter, the oil and gas services company posted adjusted diluted earnings per share (EPS) of $0.72 on…
ThinkstockBy. Daniel J. Graeber of Oilprice.com The Turkish energy minister confirmed that oil was flowing again through the Kirkuk-Ceyhan pipeline from northern Iraq following an attack on the transit network. The separatist Kurdistan Workers’…
ThinkstockThe U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories increased by 2.8 million barrels last week, bringing the total U.S. commercial crude inventory to 363.1…