Energy companies are offering “unsustainable” dividends for which they are wrongly rewarded by the market, the CEO of an energy-focused hedge fund told CNBC.
Allianz Energy Fund portfolio manager, Chris Wheaton looks at oil major BP’s latest earnings.
Chief Executive Bob Dudley says that, despite the challenging environment, BP was "driving towards our near-term goal of rebalancing BP's cash flows."
Integrated oil and gas companies face headwinds as upstream production remain under pressure and downstream refinery margins are tightening.
European stocks ended trade in the red, amid weak sentiment across the globe, as a sharp decline in mining stocks weighed on the wider benchmarks.
Independent drillers are pioneering new oil production in Alaska's North Slope and could stem a nearly three-decade output decline.
Even after the recent recovery pushing prices to just over $40 per barrel, producing oil in Alaska is solidly a money-losing proposition.
While a near-term rebound in value stocks is doubtful, one surely is coming eventually. The key is to be ready when the ground shifts.
Jim Cramer gives his take on caller favorite stocks, including this popular play that has a yield that cannot be resisted.
CNBC looks back at BP's 2010 massive oil spill at the Gulf of Mexico on the sixth anniversary of the deadly disaster.
European stock indexes closed higher on Tuesday, as a sharp tick-up in oil prices and commodity stocks boosted sentiment.
Discussing the Doha disappointment and what it means for oil companies, with Doug Terreson, Evercore ISI.
The Obama administration unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP rig.
European stocks finished the session slightly higher on Thursday, as investors remained cautious on the price of oil.
Top shareholders voice concerns about the company chief executive's pay increase for 2015.
BP responded to a barrage of complaints from shareholders on Thursday over CEO Bob Dudley's pay package.
European stocks ended sharply higher on Wednesday, helped by a rally in mining and banking stocks, following better-than-expected China export data.
U.S. stock futures were rebounding this morning, after a rough Thursday on Wall Street.
Top shareholders rebel against the company chief executive's 20 percent pay increase for 2015.
European equities finished sharply lower on Tuesday, as volatility in commodity markets weighed on sentiment.