Berkshire Hathaway disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell.» Read More
After investing tens of billions of dollars into liquefied natural gas, Qatar is at the forefront.
Timing is not to be overlooked even when buying these stocks on the dip, according to one chief investment officer.
Tweet CNBC at #buythedip with your pick of which of these eight stocks in correction territory you think offers the biggest buying opportunity.
*New NNPC head had worked for ExxonMobil. ABUJA/ LAGOS, Aug 6- The new head of Nigeria's state oil company is a workaholic stickler for the rules with a strong background in law, qualities he will need if he is to overhaul an organisation notorious for corruption and mismanagement. Emmanuel Ibe Kachikwu, the new managing director of the Nigerian National Petroleum...
U.S. stocks closed off session highs as a decline in oil and Disney pressured stocks, amid mixed signals on the timing of an interest rate hike.
ABUJA, Aug 5- The new head of Nigeria's state oil company has dismissed the firm's senior managers, two sources at the company said on Wednesday, barely a day after President Muhammadu Buhari appointed him as managing director. A spokesman for the Nigerian National Petroleum Corp said he could not comment. President Muhammadu Buhari appointed a former...
HOUSTON, Aug 5- As oil prices entered a second steep slide a few weeks ago, bullish traders and analysts had hoped for a repeat of the sharp but short dip that occurred early in the year- a speculative slide below $50 a barrel followed by a quick recovery. Some are now reconsidering that view, as long-term oil prices take the lead in the market's latest dive, swaying...
Aug 4- Property and casualty insurer Travelers Cos Inc said on Tuesday that Chief Executive Officer Jay Fishman, who last year disclosed he had a neuromuscular condition, will step down, as Fishman said he may be battling ALS. Alan Schnitzer, chief executive of the Travelers' business and international insurance, the company's largest segment, will take over from...
ABUJA, Aug 4- Nigeria's President Muhammadu Buhari appointed a new group managing director of the state oil firm on Tuesday, a statement from the presidency said. Emmanuel Ibe Kachikwu was named as the new head of the Nigerian National Petroleum Corporation, which has been accused of failing to account for billions of dollars in the last few years.
Jim Cramer says the weakness in the oil market has caused this stock, and many others, to suffer.
Jim Cramer reminded investors that there are always two sides to every coin. Why China, oil and Greece are all good for the bulls.
*Tyson Foods falls after profit forecast cut. Aug 3- Wall Street ended lower on Monday as tumbling oil prices dragged energy shares to a three-year low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.
U.S. stocks closed lower as investors weighed mostly lackluster economic data and a renewed decline in oil, amid overseas news.
Chevron and Exxon both posted dismal profit amid falling oil prices, but an analyst sees the stocks going in different directions.
*Tyson Foods falls after profit forecast cut. Aug 3- U.S. stocks fell on Monday as oil prices touched a six-month low and factory data from China raised concerns about the world's second-biggest economy. Oil prices fell on fresh evidence of growing oversupply and data highlighting slowing demand in China.
*Tyson Foods falls after profit forecast cut. Exxon Mobil and Chevron, which also reported poor results on Friday, led the losses. Oil prices were knocked by fresh evidence of growing oversupply and data highlighting slowing demand in China.
*Tyson Foods falls after profit forecast cut. Aug 3- Wall Street was lower on the first trading day in August as oil prices touched a six-month low and data showed U.S. economy lost some momentum at the end of the second quarter. Energy stocks were the biggest losers among the main S&P sectors, with Exxon Mobil and Chevron leading the losers.
*Tyson Foods falls after profit forecast cut. *Diamond Offshore jumps after results handily beat expectations. Investors are also awaiting another batch of earnings reports- AIG, Allstate and General Growth Properties report after the market closes on Monday.
*Wall Street closed lower on Friday following poor results from Exxon Mobil and Chevron and a decline in oil prices amid oversupply concerns. *Oil prices hit six-month lows earlier in the day, knocked by fresh evidence of growing oversupply and data highlighting slowing demand in China, leaving crude prices on course for their weakest third-quarter...
A number of companies are beating earnings expectations. Unfortunately, it's not doing much for their stock prices.