Chesapeake Energy earnings were mostly in line with expectations, but the company's production outlook has been lowered, partly as a result of asset sales, and that could endanger revenue and profits for the rest…
BP on Tuesday reported profits that beat the consensus estimate but fell short on revenues. Higher oil prices and better refining margins carried the day.
U.S. pump prices for gasoline rose for the first time in three weeks to start the week at $2.87. That's still a dime a gallon less than the high so far this summer. But…
The number of land-based rigs drilling for oil in the U.S. rose by three this week, it's first increase in a month. Crude oil prices remain under pressure.
Chevron badly missed both profit and revenue estimates Friday morning even though both were higher year over year. A $3 billion share buyback didn't boost investor sentiment much either.
Two major energy patch transactions were announced Friday morning. BP paid $10.5 billion for shale assets in Texas and Louisiana while Chesapeake sold assets in Ohio for around $2 billion.
The U.S. natural gas stockpile added 24 billion cubic feet last week, well short of estimates. The Energy Information Agency is predicting that this year's injection season will come up about 10% below the…
The U.S. crude oil stockpile fell by more than 6 million barrels last week, more than double the expected drop. Gasoline inventories also posted a much larger-than-expected drop.
These three hammered sector leaders that may not be poised to jump at once but could be offering investors looking for oilfield services exposure the best entry point in years.
A proposed rule on tax collections and payments last March threatened the vitality, if not the existence, of the pipeline infrastructure companies organized as master limited partnerships. The companies caught a break last week.