Why you should be adding Chevron and ExxonMobil to your portfolio.» Read More
Oct 30- Chevron Corp is slashing 10 percent of its workforce and sharply paring back its budget, with Chief Executive Officer John Watson giving a downbeat view on Friday of an industry beleaguered by low oil prices. For Chevron, that means cutting its budget by 25 percent next year by spending less in Australia, Angola and the U.S. Gulf of Mexico, where the No. 2 U.S. oil...
Exxon Mobil delivered quarterly earnings and revenue that topped analysts' expectations on Friday.
October is on track to be the best month for stocks in four years, but the rapid gains may take the steam out of the Santa rally.
LONDON, Oct 30- After years of declining output, major oil companies have ramped up crude production this year, just as they are being battered by a plunge in prices due to already excessive supplies. Executives have taken pride in seeing billions worth of investments in new technologies and new fields in places such as Brazil, the North Sea and West Africa kick in...
Oct 30- Exxon Mobil Corp said on Friday its third-quarter profit fell 47 percent hit by low crude prices, but results were better than expected, helped by higher profits in the oil company's refining business. The Irving, Texas, company posted profit of $4.24 billion, or $1.01 per share, compared with $8.07 billion, or $1.89 per share in the same quarter a year earlier.
Oct 30- Exxon Mobil Corp said on Friday its third-quarter profit fell 47 percent as low crude prices sapped profits at the world's largest publicly traded oil company. The Irving, Texas, company posted profit of $4.24 billion, or $1.01 per share, compared with $8.07 billion, or $1.89 per share in the same quarter a year earlier. Oil and gas output increased 2.3...
On today's final trading day of October, stocks are on track for their best month in four years and a fifth straight winning week.
These stocks are falling behind the S&P 500, and one technician says the underperformance is starting to look like 2000 and 2007.
The "Halftime Report" traders give their trades for the second half.
MAPUTO, Oct 29- Russia's Rosneft and partner ExxonMobil are among the four companies to win potentially lucrative exploration rights for fossil fuels off Mozambique's Indian Ocean coast on Thursday, the company said in a statement. "Mozambique holds significant untapped hydrocarbon resources and being awarded the chance to work there represents a...
It can be easy to amass investments in your employer's stock, but it is a risky move. Here's why diversifying your investments matters.
Pfizer has held early talks with Allergan to discuss what could be the biggest takeover deal this year, according to media reports.
MEXICO CITY, Oct 28- State oil firm Pemex said on Wednesday it had received a license from the United States to import U.S. light crude in exchange for exports of Mexico's heavier crude oil for the first time, albeit with a lower ceiling than originally planned. The first U.S. shipment would arrive in Mexico from the first half of November, he said.
Oct 28- U.S. energy companies that hold reserve-based loans have so far reported a net fall of 4.2 percent, or roughly $1.23 billion, in their credit lines. "It looks generally to me like it's sort of kick-the-can-down-the-road approach that's being taken at this point, but that really just pushes the day of reckoning into sort of the first quarter of next year,"...
“Mad Money” host Jim Cramer examines how one company managed to rise despite ugly earnings.
Jim Cramer goes off the charts to speak with a chartist who sees a big change coming for the entire oil complex.
Weakness in natural gas prices may lead to more of a buying opportunity than a panic moment, one analyst contended.
U.S. sovereign bonds traded higher on Monday ahead of the Federal Reserve's two-day policy meeting this week and a raft of major corporate earnings.
It's the busiest week for earnings with more than 150 S&P companies set to report. The options market is implying big moves for some widely held names.
The "Halftime Report" traders give their top trades of the show.