Energy names have bounced powerfully, but Pavel Molchanov of Raymond James says there's still value to be found.» Read More
March 3- Anadarko Petroleum Corp said it would reduce spending by about 33 percent this year, as the exploration and production company responds to lower crude oil prices. The company forecast capital investments in the range of $5.4 billion- $5.8 billion, excluding investments associated with its Western Gas Partners LP unit. Anadarko's cut follows similar...
HOUSTON, Feb 23- Shale oil producers are throttling back so quickly on drilling that U.S. crude output could fall sooner than expected, within months, executives say as they slash costs to cope with tumbling crude prices and compete with Persian Gulf rivals. For one, companies are cutting costs deeper and faster than before as Wall Street investors increasingly...
LONDON, Feb 20- EOG Resources became the latest major shale producer to state that it would "delay a significant number of completions" when it announced fourth-quarter results. Continental Resources has also announced plans to go slow on well completions in response to the slump in oil prices. In North Dakota, there were an estimated 750 wells that had been...
NEW YORK, Feb 11- James Garrity, a partner in the law firm Morgan Lewis& Bockius, is returning to the bench as a U.S. bankruptcy judge in New York after more than a 15- year absence, court officials announced on Wednesday. Bankruptcy Judge Allan Gropper on Feb. 17, according to the 2nd U.S. Circuit Court of Appeals, which oversees bankruptcy judge succession in the...
Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.
BOSTON, Feb 8- These are nervous times at the top of North America's oil companies. "2014 is going to look like a pretty good year for most," said Mike Halloran, senior partner and executive compensation specialist at the Dallas office of consulting firm Mercer. In dollar terms, energy company CEOs made an average of $7.3 million in 2013 compared with an average of $5.3...
Take a look at some of Tuesday's midday movers:
Anadarko's capital expenditures in 2015 will be sharply lower than last year because of the collapse in crude oil prices, the company's CEO said.
Despite a 15 percent jump in oil prices since Thursday, U.S. crude is not heading back to $55 per barrel, Stewart Glickman told CNBC.
The news on oil is still mostly bearish but analysts and strategists are again trying to call a bottom.
Some of the names on the move ahead of the open.
Check out which companies are making headlines after the bell Monday: Anadarko, Cliffs Natural, Rent-A-Center & more.
U.S. stocks closed sharply higher on encouraging news from the Eurozone and stronger oil prices.
Jim Cramer is gearing up for earnings next week, especially the oil companies.
Some of Friday's midday movers:
NEW YORK, Jan 30- Stock prices in the U.S. energy sector have been under pressure in 2015, and there could be more bad news to come when several key players report their fourth-quarter results next week. Energy company earnings are seen tumbling 25 percent in the fourth quarter, according to Thomson Reuters data, a bigger decline than the drop of 19.8 percent...
Some of Friday's midday movers:
With oil continuing to hit new lows, there are some good opportunities to make money in the energy sector, several pros told CNBC Tuesday.
Some of Monday's midday movers:
Jan 9- BP Plc and Anadarko Petroleum Corp narrowly failed to persuade a U.S appeals court to reconsider its 2014 ruling that they could face civil fines under federal pollution laws over the 2010 Gulf of Mexico oil spill. By a 7-6 vote, the 5th U.S. Circuit Court of Appeals let stand a three-judge panel's decision to uphold a 2012 ruling from U.S.