A company that uses solar energy to recover crude has scored financing from some big oil players, highlighting a growing niche of exploration.» Read More
Apache believes in high oil prices. That's why the profits are flowing while rivals like Exxon dry up.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The bulls got what they wanted--nonfarm payroll TWICE the estimate at 160,000. Remember the game now: good news is good news, that is, we need strong economic data now to dampen down recession and larger slowdown fears. S&P futures up 10 points. Strength was in professional and business services, leisure and hospitality strong.
Chevron's third-quarter earnings fell more than 25 percent, missing analyst estimates on sharply lower profits from gasoline production.
A blowout jobs number gave stocks an initial lift, but already some bond market skeptics are doubting the reliability of the data. For now, stock traders are looking at good news as good. October jobs were reported at 166,000. double expectations of 80,000. The jobless rate came in at an expected 4.7 percent.
After Thursday's huge selloff in the stock market, investors are now turning their attention to the October jobs report.
Stocks closed sharply lower as investors found themselves confronted by two uncomfortable prospects: an end to interest rate cuts and a slowing economy.
If the Fed isn't going to cut rates any more, that means bad news really is ... bad news. And with continuing concerns about the financial sector and oil prices, there is plenty of bad news.
Oil prices keep breaking record highs. What does it mean for the economy--and investors? Here's what some of the experts are saying on CNBC.
Exxon Mobil said Thursday its third-quarter earnings declined 10 percent, missing expectations on sharply dropping profits from the production of gasoline and lower natural gas prices.
In addition to the realization that economic news would have to be really bad for the Fed to cut rates further, there are two problems with the markets today, both dealing with a change in perception on two key sectors--financials and energy.
Futures are down for several reasons: 1) Now we're really data dependent. Part of the problem with the market this morning is the realization that the economic data will have to be REALLY weak for the Fed to lower rates further.
Bring on the year end! That's the view from the markets now that the spooky month of October is behind us and the Fed has done its work. November will be no slouch. It starts off with a big dose of economic news Thursday and Friday, and some key earnings reports, including Exxon Mobil Thursday morning.
Crude shed 3%, Tuesday, on concerns about slowing economic growth. Is it time to take profits in oil?
The Merrill Lynch saga continued Monday, with the imminent departure of Chief Executive Officer Stanley O’Neal leaving investors wondering who the board will pick to mend the struggling brokerage.
Stocks closed broadly higher as expectations of a Fed rate cut offset concerns about the dollar hitting new lows and oil reaching new highs.
The Supreme Court on Monday stepped into the long-running battle over the $2.5 billion in punitive damages owed by Exxon Mobil for the Exxon Valdez oil spill in 1989.
Exxon and big oil companies are scheduled to report quarterly earnings next week, amid record level crude prices. But the traders are nervous. Why?
Will Friday’s sell-off have a dramtaic impact on Monday's trading and the earnings flood that lies ahead?
Here's our Fast Money Final Trade. Our gang gives you Monday's best trades, right now!
Kuwait said on Monday it had reached a preliminary deal with Exxon Mobil to produce heavy oil in the north of the Gulf Arab state and aimed to boost production to 900,000 barrels per day by 2020.