Chevron reported fourth-quarter earnings and revenue that beat analysts' expectations on Friday.» Read More
BP PLC rose$. 24 or. 6 percent, to $38.99. ConocoPhillips rose$. 62 or 1.0 percent, to $63.44. Exxon Mobil Corp. rose$. 70 or. 8 percent, to $88.28.
NEW YORK— Chevron Corp. said Friday its net income and revenue dropped in the fourth-quarter as oil and gas prices slumped, and the company said it plans significant cuts in spending in 2015.. Chevron said net income sank 30 percent and revenue declined 18 percent in the fourth quarter, as it earned $3.47 billion, or $1.85 per share, on $46.09 billion in revenue.
NEW YORK— It's just a forecast, and for only one of 10 industry groups in the stock market. Yet it has almost singlehandedly turned what had been a promising earnings season into a grim one. BP told workers Monday that it would freeze pay for 2015. On Friday, Chevron posted a 30 percent decline in fourth-quarter profit, a day after Royal Dutch Shell reported a 57...
BP PLC fell$. 13 or. 3 percent, to $38.75. ConocoPhillips rose$. 24 or. 4 percent, to $62.82. Exxon Mobil Corp. fell$. 37 or. 4 percent, to $87.58.
WASHINGTON— Commerce Department releases personal income and spending for December, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for January, 10 a.m. Eastern; Commerce Department releases construction spending for December, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for December, 10 a.m..
BP PLC fell$. 26 or. 7 percent, to $38.62. ConocoPhillips fell$. 70 or 1.1 percent, to $61.88. Exxon Mobil Corp. fell $1.30 or 1.5 percent, to $86.66.
BP PLC fell$. 33 or. 8 percent, to $38.55. ConocoPhillips fell$. 24 or. 4 percent, to $62.34. Exxon Mobil Corp. fell $1.03 or 1.2 percent, to $86.93.
LONDON— Royal Dutch Shell Plc plans to resume drilling in Alaska this year even as it plans to cut spending by $15 billion over the next three years because of the drop in oil prices. "We're planning on drilling in Alaska in 2015 subject to getting the permits and legal clearance," van Beurden said on a conference call with reporters. The company, which suspended...
BP PLC fell $1.33 or 3.3 percent, to $38.88. ConocoPhillips fell $2.96 or 4.5 percent, to $62.58. Exxon Mobil Corp. fell $3.00 or 3.3 percent, to $87.95.
BP PLC fell$. 84 or 2.1 percent, to $39.37. ConocoPhillips fell $1.47 or 2.2 percent, to $64.07. Exxon Mobil Corp. fell $1.24 or 1.4 percent, to $89.71.
NEW YORK— BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together. Terms of the deal were not disclosed. The joint-development agreement is a way for the companies to try to reduce the cost and risk of exploring and developing large,...
BP PLC fell$. 86 or 2.1 percent, to $39.35. ConocoPhillips fell $1.11 or 1.7 percent, to $64.43. Exxon Mobil Corp. fell $1.24 or 1.4 percent, to $89.71.
Jan 28- Oil producer Chevron Corp said it would work with peers BP Plc and ConocoPhillips to explore and appraise 24 jointly held offshore leases in deepwater Gulf of Mexico. Chevron said on Wednesday it would operate the leases, for the Gila and Tiber fields and the Gibson exploration blocks east of Gila, in the northwest part of Keathley Canyon.
BP PLC rose$. 29 or. 7 percent, to $40.21. ConocoPhillips fell$. 28 or. 4 percent, to $65.54. Exxon Mobil Corp. fell$. 81 or. 9 percent, to $90.95.
The 2017 to 2022 drilling plan begins a process that could take many years before waters off the coasts of Virginia, North Carolina, South Carolina or Georgia are cleared for drilling. The administration canceled a lease sale there after BP Plc's deadly explosion and oil spill in the Gulf of Mexico that year. In addition, President Barack Obama took parts of...
BP PLC rose$. 34 or. 8 percent, to $40.26. ConocoPhillips fell$. 14 or. 2 percent, to $65.68. Exxon Mobil Corp. fell$. 76 or. 8 percent, to $91.00.
BP PLC fell$. 06 or. 2 percent, to $39.86. ConocoPhillips fell$. 45 or. 7 percent, to $65.38. Exxon Mobil Corp. fell$. 52 or. 6 percent, to $91.24.
NEW ORLEANS— An executive for the BP subsidiary that faces billions of dollars in possible fines for the 2010 Gulf of Mexico oil spill testified Tuesday that it is uncertain whether other BP entities would step in to help pay a steep penalty. The day's first witness was Richard Morrison, regional president and chairman of the board for BP Exploration and...
HOUSTON, Jan 26- The United Steelworkers union signaled on Monday a strike by U.S. refinery workers may be necessary to win what it calls a fair contract from oil companies. Royal Dutch Shell Plc is leading the talks on behalf of companies ranging from supermajors such as Exxon Mobil Corp and BP Plc to smaller companies such as HollyFrontier Corp and Delek.
BP PLC rose $1.02 or 2.6 percent, to $39.92. ConocoPhillips rose $1.17 or 1.8 percent, to $65.82. Exxon Mobil Corp. rose$. 87 or 1.0 percent, to $91.76.