Even as U.S. shale companies pursue mergers, analysts don't expect them to become echoes of Big Oil deals that eventually fell flat.» Read More
Venezuela, which is pressing ahead quickly with a sweeping raft of nationalizations, has said it is seeking at least 60 percent of the projects that develop the tarry crude from the Caribbean country's east.
Exxon hits Wall Street and makes headlines but refiners are the real story. Texas-based Exxon Mobil sauntered up to the New York Stock Exchange for an analyst day and made big headlines when the company announced plans to spend $21 billion to find more oil. But...
Remember: This is a booyah-free zone! Cramer appreciates your enthusiasm, but he'll drop you like a bad habit if you break this simple rule. Just ask Joe from Georgia.
Stocks closed modestly lower as worries about a slowing economy stalled a modest rally led by bargain-hunters."The tug of war that's going on between the bulls and the bears is over the strength of the underlying economy and the strength of earnings," Quincy Krosby, Chief Investment Strategist at The Hartford, told CNBC.com.
If one of your co-workers won the Mega Millions and walked off into the sunset with $370 million, wouldn’t you hate their guts?
Exxon Mobil Chief Executive Rex Tillerson said Wednesday the company expects it will spend about $20 billion annually through the end of the decade to develop oil and natural gas projects.
After the market meltdown of last week, a number of investors fled to mega cap stocks such as Citigroup, Exxon Mobil and Wal-Mart, hoping the area would be a safe haven in the wake of the market meltdowns at the end of February, but huge companies with market caps of $200 billion or more did only marginally better than the overall market.
What many see as outrageous or obscene compensation for chief executive officers is back in the limelight after some high profile pay packages lately. The House Financial Services Committee Thursday holds a public hearing on the issue and the hue and cry about greed and abuse is bound to bounce off the walls of Congress. The contrarian view is that there is little or no direct link between pay and performance and coupling the two might be detrimental because CEOs would cut corners to boost their pay, eroding the company’s long-term prospects.
Hear what Cramer has to say about Ameritrade, Six Flags, ExxonMobil and more...
U.S. crude oil futures ended higher for the seventh session in a row on Thursday as gasoline futures rallied amid refinery snags and shrinking supplies.
Stocks closed higher as comments from a Fed governor added to positive sentiment, building on gains from merger activity and Wal-Mart's better than expected profits. A drop in oil prices sent buyers into consumer stocks and other sectors that benefit from falling energy prices.
Oil rebounded from morning lows to finish only slightly down on the day as a strong finish in natural gas futures and a Canadian refinery fire lifted crude futures back near $58, traders and analysts said.
Stocks closed lower on Monday afternoon as investors took profits in financials, technology and energy, sectors that had been market leaders. The S&P 500, the Nasdaq, and the Dow Jones Industrial Average all closed just above their lows for the day.
Wild fluctuations in energy stocks have deterred investors recently. But analysts say the sector is still a good bet.
Stocks finished lower as new worries about the mortgage lending market depressed financial shares and a late surge in oil prices drove energy stocks higher. "Crude rallied 4% in 10 minutes and it just turned energy stocks on a dime," said Michael Driscoll, Senior Managing Director in Equity Trading at Bear Stearns.
What many see as outrageous or obscene compensation for chief executive officers is back in the limelight after some high profile pay packages lately. The WEF meeting is tackling the issue by asking basic questions: What’s an appropriate level for top managers? Who defines “appropriate” and how? Should a CEO’s pay be linked to the company’s performance? The contrarian view is that there is little or no direct link between pay and performance and coupling the two might be detrimental because CEOs would cut corners to boost their pay, eroding the company’s long-term prospects. (More)
It’s no secret that Democrats are looking to tax major oil companies in the U.S. It was one of the party’s platforms during the recent midterm elections. But the cries are getting louder after Thursday’s record-setting profits reported by Exxon Mobil. Why subsidize the most profitable industry in the U.S.? Both sides of the issue made their case on “Morning Call.”
It's all about the jobs report today, and stocks are tentative ahead of the number. The market is looking flat to positive, after a rousing performance yesterday that lifted the Dow to its 27th new record since October. Non farm payrolls are expected to increase by 167,000.
The Dow finished at an all-time high on investor optimism about the strength of the economy.
Fourth-quarter earnings at the Irving, Texas oil giant fell 4.3% on lower natural gas prices and shrinking gasoline margins, but results outpaced analysts estimates.