oil and gas

Why a Q3 $12.7 Billion Charge Isn’t Hurting Schlumberger 

Schlumberger Ltd. (NYSE: SLB) reported third-quarter 2019 results before markets opened on Friday. The oil field services firm posted adjusted diluted quarterly earnings per share (EPS) of $0.43 on revenues ...
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Why Mega-Cap Dividend Energy Stocks May Be the Best 2020 Bet

Even though oil has stayed above the critical $50 a barrel level, the energy sector has been a huge disappointment this year. While the S&P 500 is up almost 20% ...
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Oil Price Holds Firm Despite Massive Stockpile Increase

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Thursday morning, showing that U.S. commercial crude inventories soared by 9.3 million barrels last week, maintaining a total ...
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Why Kinder Morgan Shares Aren’t Sagging 

Kinder Morgan Inc. (NYSE: KMI) reported third-quarter 2019 results after markets closed Wednesday. The midstream giant posted adjusted earnings per share (EPS) of $0.22 per share on revenues of $3.21 ...
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Green Economy Generated $1.3 Trillion, 7% of US GDP

Trying to figure out just how important the green economy is to the entire U.S. economy has been as much an art as a science. The U.S. Department of Labor ...
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Ignoring Climate Peril, Oil Companies on Track to Lift Production by 7 Million Barrels

The world's largest privately held oil companies have recently been touting both their expenditures aimed at reducing carbon dioxide emissions and at how much greenhouse gas (GHG) emissions they will ...
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Energy Short Sellers Raise Their Bets Against the Giants

Crude oil traded around $52.35 a barrel early Thursday, essentially unchanged in the past week, but far below a high of $62.90 posted on September 16, the first trading day ...
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US Lowers Oil Price and Demand Forecasts for 2020

With slower global growth and oil in ample supply, a fresh new look from the U.S. Energy Information Administration (EIA) is projecting that oil prices will be lower in 2020. ...
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Does a 38% Dividend Hike by ConocoPhillips Match Reality in Oil & Gas Ahead?

It might seem odd with the lower oil prices and with energy stocks in the tank that one of the industry giants might really want to commit to raising its ...
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Norway Begins Production at 2.7 Billion Barrel Oil Field

On Saturday, two months early and 10 years after its discovery, the Johann Sverdrup oil field began production. The field is located on Norway's continental shelf and is estimated to ...
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5 Energy Stocks Trading Under $10 With Huge October Upside Potential

While most of Wall Street focuses on large and mega cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares ...
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Why Oversupply Concerns Are Outweighing Geopolitical Risks for Oil Prices Ahead

Crude oil prices have had a bumpy year. As of Thursday's close, prices were right around their mid-December 2018 level of $52 and change. Over the past six months, the ...
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Hess Shuffles Midstream Assets in $6.2 Billion Transaction

Hess Corp. (NYSE: HES) and Hess Midstream Partners L.P. (NYSE: HESM) announced Friday that the midstream firm will acquire all the ownership interests in Hess Infrastructure Partners in a transaction ...
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SunTrust High-Conviction Energy Picks for Q4 Have Massive Upside Potential

This year, for the first time in many years, active managers are outperforming index funds, and that should be a loud wake-up call to passive investors. After a more ...
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What Could Happen If US Conventional Oil Drilling Disappears

In March of 2010, drilling for oil went horizontal. Until then, vertical and directional (wellbores that bend up to 80 degrees) drilling made up more than half of U.S. rigs ...
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