Major Integrated Oil & Gas
(XOM) U.S. Petroleum and Distillate Stocks Shrink
The U.S. Energy Department’s weekly inventory release showed that crude inventories moved down, while gasoline stocks added to their supplies. The agency’s report further revealed that distillate stockpiles declined for the seventh-straight week. Meanwhile, refiners...
(COP) ConocoPhillips Beats The Street – Volume Falls
ConocoPhillips (COP) reported third-quarter 2011 adjusted earnings of $2.52 per share, comfortably beating the Zacks Consensus Estimate of $2.16. The earnings were also better than the year-earlier profit...
(PZE) Latch Onto The Next Big Shale Gas Boom
by Justin Dove, Investment U Research
(XOM) Exxon Analyst Maintains Neutral Rating
We have maintained our Neutral recommendation for the world’s largest publicly traded oil company, ExxonMobil Corporation (XOM) for the long term. The oil giant’s superior record of return on capital employed,...
(XOM) U.S. Crude Oil, Fuel Inventories Rise
The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles following three consecutive weeks of decline. The agency’s report further revealed that both gasoline and distillate stocks added to their supplies, while refiners...
(XOM) U.S. Crude Oil and Fuel Inventories Rise
The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles following three consecutive weeks of decline. The agency’s report further revealed that both gasoline and distillate stocks added to their supplies, while refiners...
(XOM) ExxonMobil Enters Oil-Rich Utica
ExxonMobil Corporation (XOM) is all set to exploit Ohio’s Utica Shale, supposedly one of the biggest sources of crude oil in the United States. The company has made its entry into the oil-rich fields of...
(XOM) U.S. Crude Oil Stocks at 8-Month Low
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell sharply to reach their lowest level since January, while gasoline stocks added to their supplies. The data further revealed that U.S. distillate stocks fell by a modest 874,000 barrels....
(XOM) Cold Hard Profits on the Roof of the World
by Carl Delfeld, Global Equities & Emerging Markets...
(XOM) U.S. Crude Oil Inventory Stocks Dip – Products Build
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell more than twice that of analyst expectations to reach their lowest level since February, as Tropical Storm Lee reduced production. However, the overall nature of the data is bearish...
(XOM) U.S. Imports Tumble – Crude Oil Stocks Fall
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell more than expected as imports tumbled, while gasoline and distillate both added to their supplies. Meanwhile, refiners reduced processing rates by 0.2%.
The Energy Information...
(XOM) U.S. Energy Department Weekly Inventory Release – Surprise Build in Crude Stockpiles
The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles. The agency’s report further revealed that distillate stocks added to supplies, while gasoline inventories declined. Meanwhile, refiners reduced processing rates by...
(XOM) U.S. Energy Department’s EIA Data Indicates Mixed Trends
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles fell unexpectedly as imports dropped, while gasoline and distillate both added to their supplies. Meanwhile, refiners enhanced processing rates by 1.2%.
The Energy Information Administration...
(COP) Stock Market News for August 24, 2011 – Market News
Neither the East Coast earthquake nor weaker-than-expected domestic economic reports could prevent the markets from staging a strong rally that also saw the Dow posting its best gains in two weeks. Encouraging global economic reports helped to boost the mood of the investors,...
(BP) BP Analyst Maintains Neutral on Shares
We are maintaining our long-term Neutral rating on one of the world’s largest energy companies, BP Plc (BP). Although the company missed our expectation in the second quarter of 2011, its string of upstream...
(COP) Dividends Are a Good Source of Income – Finding High (and Rising) Dividends
These may be the times that try men’s souls, but this is also the sort of time when long-term investors can snatch up great bargains. What do I mean by a great bargain? A good solid company selling at a low valuation.
The reason you buy stocks is that they represent...
(COP) Stock Market News for August 1, 2011 – Market News
Benchmarks took a battering to register their worst weekly performance in a year as the stalemate over the debt-ceiling crisis pushed the US closer to losing its ‘AAA’ rating. Investor sentiment was dragged even lower as data revealed economic growth in the first half...
(CVX) Stock Market News for July 29, 2011 – Market News
Momentum from positive economic reports in the morning session were washed out on Thursday afternoon, as investors remained apprehensive ahead of the key vote in Congress on the debt-ceiling issue. Finally, just before the closing bell, markets lost all their gains to drop...
(CVX) Chevron Contracts Chicago Bridge & Iron Company for Gorgon
U.S. energy giant Chevron Corporation (CVX), through its Australian subsidiary, has awarded a $2.3 billion mechanical, electrical and instrumentation work contract to Netherlands-based Chicago Bridge...
(BP) BP to Revive North Sea Fields
BP Plc (BP) and its partners have signed a £3 billion (US$4.8 billion) agreement for the redevelopment of two oil fields in the North Sea.
The deal is as a part of BP’s strategy to uphold a superior...
(PTR) PetroChina in Talks With Vietnam National Petroleum Corporation
State-controlled Chinese energy giant PetroChina (PTR) is in talks with Vietnam National Petroleum Corporation, or Petrolimex, for a $212 million project that will strengthen business ties between the two...
(TOT) TOTAL S.A. Strengthens Italian Footprint
French oil producer TOTAL S.A. (TOT) recently acquired Esso Italiana’s 25% stake in the Gorgoglione concession, comprising the Tempa Rossa field, where the company already has a 50% stake. As part of the...
(E) Eni SpA Commences Appaloosa Oil Flow
Italian oil major Eni SpA (E) announced the start-up of oil production from the Appaloosa field in the deepwaters of the U.S. Gulf of Mexico (GoM). This follows the Nikaitchuq field start-up in Alaska earlier...
(PTR) PetroChina, INEOS Complete Joint Ventures
State-controlled Chinese energy giant PetroChina Co. Ltd. (PTR) has closed the formation of its previously announced two joint ventures with a privately held British chemicals firm, INEOS Group Holdings plc....
(XOM) ExxonMobil Oil Leak in Yellowstone River
An ExxonMobil Corporation (XOM)-operated pipeline running into the Yellowstone River in south central Montana ruptured last Friday, spilling hundreds of barrels of crude oil into the river. The company has...
(CVX) Chevron Expanding Caspian Pipeline
Integrated energy company Chevron Corporation (CVX), through its subsidiary Chevron Neftegaz, has commenced the construction for the expansion of the Caspian pipeline. The total value of the development project...
(COP) ConocoPhillips and Karoon Drilling Plan OK’d
The joint venture between ConocoPhillips (COP) and Karoon Gas Australia Ltd. (KAR) got the government approval to initiate a drilling operation in three blocks of the Browse Basin, about 350 kilometers off...
(BP) BP Restores Two Texas Units
As per an emissions report filed with state regulators, British energy giant BP Plc (BP) has restarted its gasoline-producing fluidic catalytic cracking (FCC) unit No.1 in its Texas city refinery.
The...
(CVX) Chevron to Tap Carabobo Oil in 2012
According to a company executive, U.S. energy behemoth Chevron Corp. (CVX) expects the start-up of an oil field in Venezuela’s Orinoco Belt next year. The super major is confident that it can commence production...
(COP) ConocoPhillips to Divest East Boston Terminal
ConocoPhillips (COP) has signed an asset sale agreement with Sunoco Logistics Partners LP (SXL) for its refined products terminal in East...