BP PLC fell$. 30 or. 8 percent, to $39.10. ConocoPhillips fell $1.46 or 2.1 percent, to $69.52. Exxon Mobil Corp. fell$. 31 or. 3 percent, to $93.33.
HOUSTON, Dec 22- Plunging oil prices will prompt energy companies to cut investments in new projects by 25 percent or more in 2015, analysts said over the past week, as firms try to stay cash-flow positive and keep debt in check. With oil prices down more than 40 percent since June, some companies, including ConocoPhillips, have slashed spending by 20 percent.
BP PLC fell$. 52 or 1.3 percent, to $38.88. ConocoPhillips fell $2.24 or 3.2 percent, to $68.74. Exxon Mobil Corp. fell$. 87 or. 9 percent, to $92.78.
*Kudrin: Russia didn't tackle problems fast enough. *Russia to be downgraded to' junk' status next year. MOSCOW, Dec 22- Russia's government has pushed the country into an economic crisis by not tackling its financial problems fast enough, former finance minister Alexei Kudrin said on Monday, as evidence mounted of trouble spreading through the economy.
BP PLC fell$. 57 or 1.4 percent, to $38.83. ConocoPhillips fell $1.94 or 2.7 percent, to $69.04. Exxon Mobil Corp. fell$. 27 or. 3 percent, to $93.37.
*Australia's plan to become top LNG exporter still on track. Just last week, Woodside Petroleum Ltd delayed the FID for its $40 billion Browse floating project with Royal Dutch Shell and BP. The next cab off that rank could be ExxonMobil and BHP Billiton's $10 billion Scarborough project.
BP PLC rose $1.08 or 2.8 percent, to $39.40. ConocoPhillips rose $1.23 or 1.8 percent, to $70.98. Exxon Mobil Corp. rose $2.48 or 2.7 percent, to $93.64.
NEW YORK— A look at New York Stock Exchange 10 most-active stocks at the close of trading:. AT&T Inc. rose. 1 percent to $33.54 with 38,466,100 shares traded. Bank of America Corp. rose. 5 percent to $17.62 with 100,300,100 shares traded.
BP PLC rose$. 77 or 2.0 percent, to $39.09. ConocoPhillips rose$. 70 or 1.0 percent, to $70.45. Exxon Mobil Corp. rose $1.14 or 1.3 percent, to $92.30.
Some of Friday midday movers:
MEXICO CITY, Dec 19- The allure of investing in Mexico's historic oil sector opening has been dimmed by the plummeting price of crude, putting pressure on the government to offer bigger incentives to private investors in the first major round of contracts up for grabs. Since Congress in August approved the laws governing the dissolution of Mexico's 75-...
BP PLC rose$. 46 or 1.2 percent, to $38.78. ConocoPhillips fell$. 27 or. 4 percent, to $69.48. Exxon Mobil Corp. fell$. 58 or. 6 percent, to $90.58.
LONDON, Dec 19- Large oil companies flush with cash are expected to seize on the recent collapse in oil prices to begin a shopping spree for smaller rivals, focusing on oil producers and explorers in Africa, Asia and the United States. Those include British oil and gas company BG Group, which produces oil and gas in regions including Brazil, East Africa and Australia.
This year was a better year for short sellers than last year, Jim Chanos said. Here's what he's shorting now.
BP PLC rose$. 63 or 1.7 percent, to $38.32. ConocoPhillips rose $2.81 or 4.2 percent, to $69.75. Exxon Mobil Corp. rose $2.14 or 2.4 percent, to $91.16.
JUNEAU, Alaska— In a story Dec. 17 about the office of the federal coordinator for Alaska gas pipeline projects, The Associated Press, relying on information from a spokesman for U.S. Gas pipeline coordinator office in Alaska to close. JUNEAU, Alaska— The office of the federal coordinator for Alaska gas pipeline projects is shutting down after not being included in...
NEW YORK— Stock pickers might as well wear a scarlet "A." "Active management" is becoming more of a taboo when it comes to mutual funds. Bill Miller, for example, became famous for guiding his fund at Legg Mason to better returns than the Standard& Poor's 500 index for 15 straight years.
BP PLC rose$. 29 or. 8 percent, to $37.98. ConocoPhillips rose $1.65 or 2.5 percent, to $68.59. Exxon Mobil Corp. rose $1.10 or 1.2 percent, to $90.12.
BP PLC rose$. 43 or 1.1 percent, to $38.12. ConocoPhillips rose $1.10 or 1.6 percent, to $68.04. Exxon Mobil Corp. rose$. 91 or 1.0 percent, to $89.93.
HOUSTON— Cheniere Energy landed a 20- year contract to supply natural gas in Portugal, sending shares up 8 percent in early trading. Companies such as Exxon Mobil and Sempra Energy are seeking federal permits for more than 20 export projects that could handle as much as 29 billion cubic feet of natural gas a day. EDP also has electricity and gas operations in Spain...