Check out the companies making headlines after the bell Tuesday: Yelp, Akamai, Panera & more.» Read More
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...
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: