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  • Just days into the second-quarter earnings season, Chevron Corp and Royal Dutch Shell Plc said they would slash a combined 8,000 thousand jobs around the world. In North Dakota, Whiting Petroleum Corp, the top producer in the No. 2 U.S. oil patch, cut its capital expenditure budget days after optimistically raising it 15 percent on bets the renewed downturn in...

  • July 30- ConocoPhillips, the largest U.S. independent oil and gas company, reported quarterly results that beat analysts' expectations Thursday and said it would cut capital expenditure as low crude oil prices persist. The Houston- based company said it would cut 2015 capital spending to $11 billion from $11.5 billion, and also lowered its forecast for...

  • HOUSTON— ConocoPhillips lost $179 million in the second quarter, after booking a profit in the same period last year, as a sizeable drop in oil prices weighed on the energy company's results. ConocoPhillips countered some of the hit from oil prices by cutting expenses. Shares of ConocoPhillips edged down 3 cents to $52.87 in morning trading shortly after the...

  • Conoco has quarterly loss, lowers capex Thursday, 30 Jul 2015 | 7:21 AM ET

    July 30- ConocoPhillips, the largest U.S. independent oil and gas company, reported a quarterly loss compared with a year-ago profit on Thursday as steep declines in crude oil prices hurt results. The Houston- based company also said it was lowering its forecast for 2015 capital expenditures to $11 billion from $11.5 billion. Conoco's loss in the second quarter...

  • Lightning Round: $43 oil is a perfect price for it Monday, 27 Jul 2015 | 7:27 PM ET
    Mad Money Lightning Round

    Jim Cramer provides his take at rapid speed for caller favorite stocks, including this top oil play.

  • Gasoline prices would rise by about 8 to 14 cents a gallon, if the ban were lifted, because the move would boost the price for domestic oil, according to the report by Stancil& Co.. But a full lifting of the ban faces an uphill battle as many lawmakers in Congress are wary about being blamed for a rise in gasoline prices, even if any boost is unrelated to oil exports.

  • Minefield for market with Fed, earnings, commodities Monday, 27 Jul 2015 | 8:08 AM ET
    An oil trader works on the floor of the New York Mercantile Exchange.

    The Fed meets next week, but a commodities meltdown and earnings season are adding to concerns about global growth and may steal some of its thunder.

  • BEIJING— A Chinese court says it has accepted a case brought by a social organization against oil giants ConocoPhillips China and China National Offshore Oil Corp. over oil spills in northern China in 2011.. In June 2011, oil spills from an oilfield jointly owned by Houston- based ConocoPhillips' Chinese subsidiary and CNOOC, China's main offshore oil and gas...

  • With the energy sector's second-quarter earnings seen doing better than the prevailing consensus forecast for a decline of almost 59 percent from the year-ago quarter, according to a Thomson Reuters analysis, shares could get a benefit. But the S&P energy subsector of exploration and production companies is at its most expensive on a price-earnings basis...

  • July 21- Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said on Tuesday it will suspend dividend payments starting in the current quarter to save up to $240 million a year. ConocoPhillips last week raised its quarterly payout by a smaller-than-normal 1 cent, citing low oil prices. Shares of Chesapeake were down 4.7 percent at $9.79 on...

  • WASHINGTON, July 14- Within hours of the announcement of an Iran nuclear deal early on Tuesday, lawyers around Washington were fielding calls from U.S. corporate clients eager to know what the 159- page deal would mean for their business prospects. U.S. companies face losing out to foreign competitors in Iran as they wait for signs that Tuesday's historic...

  • Earnings surprises may spark market rebound Thursday, 9 Jul 2015 | 6:00 AM ET
    Wall Street New York Stock Exchange NYSE

    The unofficial start of the earnings season kicked off Wednesday, as Alcoa reported second-quarter results after the market close.

  • CARACAS, July 8- Venezuela's request to review a $46 million compensation claim it has been ordered to pay to oil service company Tidewater was rejected and the stay on the award's execution lifted, a World Bank tribunal said in a decision posted on its website on Wednesday. The South American OPEC country had sought a revision "based on what it describes as an...

  • CARACAS, July 1- A World Bank tribunal has rejected Venezuela's request to recuse two arbitrators in a dispute with U.S. oil firm ConocoPhillips linked to the 2007 nationalization of the company's assets in the OPEC nation. The Oil Ministry said in March it asked the International Centre for Settlement of Investment Disputes to remove arbitrators Kenneth...

  • CARACAS, July 1- A World Bank tribunal has rejected Venezuela's request to recuse two arbitrators in a dispute with U.S. oil firm ConocoPhillips linked to the 2007 nationalization of the company's assets in the OPEC nation. The Oil Ministry said in March it asked the International Centre for Settlement of Investment Disputes to remove arbitrators Kenneth...

  • Cramer—Undervalued oil stocks begging to be bought Tuesday, 23 Jun 2015 | 6:57 PM ET
    Oil fracking California

    Jim Cramer sees plenty of oil stocks out there that are ridiculously low and thinks it is time to do some buying.

  • Want lower gas prices? Harold Hamm says do THIS Monday, 22 Jun 2015 | 9:34 AM ET
    Harold Hamm

    Allowing the export of U.S. crude would help level the playing field against foreign producers, oil billionaire Harold Hamm tells CNBC.

  • SHERBROOKE, Quebec, June 17- A Quebec judge reserved his decision on Wednesday on whether to grant a motion that would clear the way for a settlement between victims of the 2013 Lac-Megantic oil train disaster and dozens of companies and individuals linked to the crash that killed 47 people. Patrice Benoit, the lawyer representing the defunct railway at the...

  • AUSTIN, Texas, June 17- Tropical Storm Bill was downgraded to a tropical depression on Wednesday as it moved across Texas, bringing heavy rains that flooded streets and snarled transportation in the state where severe weather killed about 30 people last month. Rainfall is expected to be 4 to 8 inches over eastern Texas and eastern Oklahoma and 3 to 6 inches over...

  • HOUSTON, June 17- Tropical Storm Bill headed further into central Texas with heavy rains and high winds on Wednesday before losing its punch and no serious injuries were reported, relieving officials and residents just three weeks after floods killed about 30 people in the state. "This is a rain event," Houston Mayor Annise Parker said at a news conference.