Energy stocks have seen a strong bounce over the past month and a half. Have they turned a corner for good?» Read More
April 30- The Church Commissioners and the Church of England Pensions Board said they have divested 12 million pounds from their investments in thermal coal and tar sands companies as part of an initiative aimed at promoting transition to a low carbon economy. The Church of England, mother church of the world's 80 million Anglicans, holds total investments...
IRVING, Texas— Exxon earned $4.94 billion in the first quarter, a huge sum but only about half of what the company made last year. It was the lowest first-quarter profit for Exxon Mobil Corp. in six years, although the results still beat Wall Street expectations. First-quarter profit also fell at BP PLC and France's Total SA.
HOUSTON, April 29- BP Plc and the United Steelworkers union chapter representing striking workers at the company's Whiting, Indiana, refinery reached a tentative agreement on Wednesday to end an 11- week work stoppage. The two sides have to negotiate an agreement on returning the striking workers to the Chicago- area plant, but a ratification vote is expected...
BP PLC rose$. 11 or. 3 percent, to $43.59. ConocoPhillips rose$. 32 or. 5 percent, to $68.06. Exxon Mobil Corp. rose$. 07 or. 1 percent, to $87.87.
HOUSTON, April 29- BP Plc and the United Steelworkers union reached a tentative agreement on Wednesday to end an 11- week strike by hourly workers at the company's Whiting, Indiana, refinery. The two sides have to negotiate an agreement on returning the striking workers to the Chicago- area plant, but a ratification vote is expected next week, said Dave Danko,...
BP PLC rose$. 05 or. 1 percent, to $43.53. ConocoPhillips rose$. 46 or. 7 percent, to $68.20. Exxon Mobil Corp. rose$. 10 or. 1 percent, to $87.90.
BP PLC fell$. 11 or. 3 percent, to $43.37. ConocoPhillips fell$. 12 or. 2 percent, to $67.62. Exxon Mobil Corp. fell$. 36 or. 4 percent, to $87.44.
John Licata, founder & chief energy strategist at Blue Phoenix, says strength in the downstream enabled European oil companies BP and Total to report higher-than-expected profits.
BP PLC rose$. 44 or 1.0 percent, to $43.48. ConocoPhillips rose$. 68 or 1.0 percent, to $67.74. Exxon Mobil Corp. rose$. 79 or. 9 percent, to $87.80.
U.S.stocks closed mixed on Tuesday as investors eyed tech earnings and awaited the Federal Reserve's statement on Wednesday.
BP PLC rose$. 40 or. 9 percent, to $43.44. ConocoPhillips rose$. 23 or. 3 percent, to $67.29. Exxon Mobil Corp. rose$. 67 or. 8 percent, to $87.68.
European equities closed lower on Tuesday, as investors took a breather from a stellar rally in the previous session and looked ahead to a meeting of the U.S. Federal Reserve.
BP PLC rose$. 63 or 1.5 percent, to $43.67. ConocoPhillips rose$. 49 or. 7 percent, to $67.55. Exxon Mobil Corp. rose$. 39 or. 4 percent, to $87.40.
U.S. stock index futures indicated a flat open on Tuesday ahead of the two-day FOMC meeting, housing data and a busy day of earnings.
NEW ORLEANS— A federal judge has ruled oil spill cleanup workers who sue BP for medical problems that surface later in life have the right to make their case before a jury. The BP oil spill medical settlement reached in 2012 was set up to pay cleanup workers and others who experienced certain illnesses during the immediate aftermath of the April 2010 disaster.
Some of the names on the move ahead of the open.
BP's earnings are "pretty good" but there are clear signs of cost control in the industry, says Chris Wheaton, portfolio manager and analyst of oil and gas at Allianz Global Investors.
The London- based company said net income for the quarter was $2.6 billion, compared with $3.5 billion in the same period last year. Underlying replacement cost profit— a measure that strips out fluctuations in the value of reserves— was $2.6 billion compared with $3.2 billion for the same period in 2014.. All of the major oil companies will be taking a hit, said...
Oil major BP reported a fall in profits on Tuesday, as the plunging price of oil continues to hit revenues for the sector.
BP PLC fell$. 42 or 1.0 percent, to $43.04. ConocoPhillips fell$. 45 or. 7 percent, to $67.06. Exxon Mobil Corp. rose$. 04 or percent, to $87.01.