Oil and gas giant Exxon Mobil Corp. (NYSE:XOM) reported an earnings jump of55% this morning, solidly above expectations. For the company’s third quarter, diluted EPS came in at $1.44 compared with estimates of $1.39.…
Day rates for crude oil supertankers, VLCCs, peaked in 2009 at around $100,000/day. Today, if you want to ship 2 million barrels of oil from the Middle East to Korea, you’d have to pay…
Global sales of all types of electric-powered vehicles is expected to be under 1 million units of the estimated total of 44.7 million units that will be sold in 2010. By 2020, nearly 71…
It is a lengthy way to say that electronic batteries can nearly be perpetual motion machines. “Ecole Polytechnique Federale de Lausanne and IBM (NYSE: IBM) announced a major research initiative, with several leading academic…
Valero Energy Corp. (NYSE:VLO) is the first of the oil refiners to report earnings this quarter, and this morning’s release is a lot better than a year ago, when diluted EPS soured to -$0.61.…
This is the peak of earnings season and the flow of earnings is coming on strong. This week is jammed full of energy companies reporting earnings and it will be interesting to see how…
Things are still looking up at JA Solar Holdings Co., Ltd., (NASDAQ:JASO). The maker of high-performance solar cells raised its guidance for its third quarter which ended September 30, 2010. The company called the…
Just a few days after disclosing a solid order book for 2011, LDK Solar Co., Ltd. (NYSE: LDK) has announced that it has signed a two-year agreement with BYD Co. Ltd. (OTC: BYDDF) worth…
Schlumberger N.V. (NYSE:SLB) reported third quarter earnings this morning and the short story is there were no surprises. Like competitors Halliburton Co. (NYSE:HAL) and Weatherford International Ltd. (NYSE:WFT), onshore drilling for shale gas more…
How investors view the oil field services business depends a lot on whether a company is heavily involved in offshore drilling. Onshore drillers have seen share prices rise steadily as production companies in the…
Alternative energy is big business — and getting bigger. The industry includes hundreds of companies that make a piece of the continuously expanding jigsaw puzzle that is the alt energy space. Rather than trying…
Construction and engineering firm Fluor Corp. (NYSE:FLR) has revealed that the company will take a charge of about $163 million, or -$0.90/share, against its third quarter results due to projected cost increases on the…
BP plc (NYSE: BP) is still trying to sell off assets to narrow the focus of the company and to fund its obligations from the Gulf of Mexico oil spill. The company plans to…
America, the home of Al Gore and one of the large nations which has become environmentally conscious, is full of people who do not understand pollution or its effects at all. The Yale Project…
OPEC is moving towards supporting $100 oil. Some of its members have already started to lobby aggressively to get the price to that level. There are a number of reasons, but the most immediate…