Oil prices may not recover until after Q1 2016 but it’s not all bad news for the sector, says oil analyst Andy Lipow. Here's how to play it.» Read More
*Exxon Mobil front-runner for Mozambique LNG stake-sources. MILAN/ LONDON/ SINGAPORE, April 16- Anadarko Petroleum is considering selling its multi-billion dollar stake in Mozambique's giant gas reserves, with Exxon Mobil and Qatar Petroleum both showing interest, banking and industry sources said. The world's largest oil firm has been expected to follow...
Investors piled into safe harbors as fears rose over a Greek exit on Friday, sending bond yields tumbling.
Earnings season has begun, but instead of falling apart because of the negative earnings environment, the S&P has rallied 1.25 percent since Alcoa reported.
There are 10 companies in the S&P that paid effective tax rates of 60% or greater last year. USA Today reports.
Spotting the next big energy sector could be tougher than investors expect, Henderson Global Investors' Matthew Beesley says.
Exxon could make a deal soon, and targets for oil majors range from U.S. shale producers to distressed mining and resources firms, analysts tell CNBC.
"Fast Money" traders discussed how to play the Iran nuclear agreement's effect on an already heavily supplied oil market.
HOUSTON/ WILLISTON, N.D., March 18- With the prospect of another plunge in crude prices looming after two months of stability, U.S. shale oil producers may face another round of spending cuts to conserve cash and survive the downturn. "If I were an oil company today, I would talk about one thing: how far can you cut costs," said Fadel Gheit, an oil analyst at Oppenheimer in New...
The Houston company forecast 2015 capital investments in the range of $5.4 billion to $5.8 billion, excluding those associated with its Western Gas Partners LP unit. In addition to earmarking 60 percent of its budget for onshore shale wells, Anadarko said it plans to drill nine to 12 deepwater exploration wells offshore Colombia, Kenya and the Gulf of Mexico.
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...
Job cuts are inevitable as oil prices tumble, but layoffs today could have significant ramifications for the sector tomorrow.
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: