Despite the meltdown in oil, prices are more likely to rise than to fall further because of political instability, an industry consultant tells CNBC.» Read More
Exxon came in light on top and bottom line. There are many problems. Here are the highlights: 1) Production share and contract. Exxon has contracts to take oil out of the ground with many countries. When oil prices go up sharply, the host government takes a bigger share of the profits.
The Dow industrials wobbled Thursday as a rise in jobless claims rattled a few cages ahead of tomorrow's jobs report and ExxonMobil's $10.9 billion quarterly profit was -- wait for it -- a disappointment. The Nasdaq moved solidly higher, however, as big-name tech stocks continued to draw interest.
The first of May is a day when a lot of people (including traders) are off all over the world (it's also the title of a very fine Bee Gees song, c. 1969). Futures dropped a bit as jobless claims were a bit stronger than expected; nonfarm payroll report is tomorrow.
Exxon Mobil posted disappointing first-quarter earnings, as record crude oil prices did not help the company as much as investors hoped.
A triple digit rally dissolves after the Fed cuts rates as expected, a Microsoft announcement on Yahoo appears imminent, and GM shares surge. What's the "Word on the Street?"
The major US markets had one of their best months in a long time. See the highlights from Stocks, Sectors, Commodities and Currencies...
Stocks finished slightly lower Wednesday as another rate cut and no indication from the Federal Reserve that it plans to stop anytime soon killed an earlier rally.
Exxon Mobil is due to report earnings Thursday; Chevron will report Friday. How should investors play the oil bigs? Rebecca Darst of Interactive Brokers told CNBC that one key is to watch options trading.
Headline themes ran through Wednesday's stock chatter on CNBC: Food inflation, oil and defense against economic turmoil. Click for analyst insights and recommendations.
Oil stocks are shooting up like geysers -- but which ones should you buy? Jason Gammel, senior oil analyst at Macquarie Capital, and Tina Vital, integrated oil & gas analyst at S&P, agree on two stocks -- for different reasons.
What's wrong with this picture? Crude oil is on a tear, but ExxonMobil shares have barely budged in NINE months. Can tomorrow's earnings knock the oil giant out of its trading range?
On the surface at least, giving drivers a summertime "holiday" on the 18.4 cent federal gasoline tax sounds like a good idea. Too bad the idea flunks Economics 101.
Members of the Rockefeller family are calling on Exxon Mobil Corp to make corporate governance changes and adopt a renewable fuels strategy to help address the soaring cost of energy.
Oil fell more than $3 a barrel on Tuesday, retreating further from a record high hit a day before, as the dollar firmed and a strike ended at Britain's Grangemouth refinery.
Oil hit a fresh peak near $120 a barrel on Monday as supply outages in Nigeria and Britain shut down nearly 2 million barrels per day (bpd) of output in the Atlantic Basin.
Stocks finished flat Monday as concerns about the Federal Reserve's rate decision in a couple of days kept a lid on activity generated by merger buzz.
Stocks ticked higher Monday amid merger buzz but index gains were modest as the market awaits the Federal Reserve's rate decision later this week.
Another round of supply fears helped keep oil in record territory, after prices in electronic trading hit a new all-time high: just 7 cents shy of $120 a barrel. The markets reacted to "expected" supply disruptions in Nigeria to the North Sea, despite already having priced it in last week.
Heavy betting on Visa, churn in Yahoo, and perhaps some misguided faith in oil majors ... that's the trend in options, says Rebecca Darst of Interactive Brokers.
Stocks retreated after an early pop Monday as the early market buzz was all about deals and deal makers.