South African energy company Sasol delayed its $14 billion expansion in Louisiana amid falling oil prices, the New York Times reports.» Read More
BP PLC fell$. 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, Jan 29- In a rare move, oil major Shell on Thursday backed a resolution proposed by activist investors to force the company to recognize climate change risks by improving its transparency. The announcement coincided with Shell saying Thursday that it would cut $15 billion in spending but continue to drill in Alaska's Arctic. South Africa's Sasol...
HOUSTON/ WILLISTON, N.D., Jan 29- ConocoPhillips and Occidental Petroleum Corp on Thursday slashed exploration spending plans for this year, as the third- and fourth-largest U.S. oil companies attempt to cope with a steep slide in crude prices. The cuts follow similar steps by rival Hess Corp earlier this week while Royal Dutch Shell, Europe's largest oil company,...
BP PLC fell$. 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.
HOUSTON— Hurt by falling oil prices, ConocoPhillips reported a loss during its fourth quarter and said it would cut spending on drilling and exploration projects in parts of the U.S. The Houston oil and gas company reported Thursday a loss of $39 million, or 3 cents per share during the quarter, compared with a net income of $2.5 billion, or $2 per share, in the same...
Investors welcomed better-than-expected quarterly results from several companies, including Ford, Coach and Harley-Davidson. Benchmark U.S. crude oil rose 8 cents to close at $44.53 a barrel. "We've had a bit of a turnaround since the lows we saw earlier in the day," said Anastasia Amoroso, global market strategist at J.P.
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 $89.71.
Some of Wednesday's midday movers:
NEW YORK— BP is selling part of its stake in an emerging oil-producing region in the Gulf of Mexico to Chevron, and the two companies, along with Conoco Phillips, will work to develop the fields together. Terms of the deal were not disclosed. The joint-development agreement is a way for the companies to try to reduce the cost and risk of exploring and developing large,...
BP PLC fell$. 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.
Jan 28- Cenovus Energy Inc, Canada's No. 2 independent oil producer, cut its capital spending budget for 2015 in response to the slump in crude oil prices. The company said it could defer spending of up to C $700 million, mainly by suspending a bulk of its conventional drilling in southern Alberta and Saskatchewan and delaying long-term oil sands expansion and new...
BP PLC rose$. 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 $90.95.
BP PLC rose$. 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.
SINGAPORE, Jan 27- U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading companies to sell the light crude, trade sources said. Oil producers have been pressing to lift a 40- year-old U.S. ban on crude exports and the Department of Commerce...
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.
BP PLC rose $1.12 or 2.9 percent, to $40.02. ConocoPhillips rose $1.08 or 1.7 percent, to $65.73. Exxon Mobil Corp. rose$. 67 or. 7 percent, to $91.56.