The Bakken, Eagle Ford and Permian Basin are generating more than a million barrels of oil per day each, a third of U.S. daily production.» Read More
CNBC’s Trish Regan reports that major oil companies have transferred operational control of one of the world’s richest oil fields to Venezuelan President Hugo Chavez.
Crude oil futures ended lower, sliding late in a choppy session that saw May RBOB gasoline futures up sharply ahead of its contract expiration, reaching an 11-month high at one point, amid refinery snags and supply concerns.
Robert Morris, oil and gas analyst at Banc of America Securities, told CNBC’s “Morning Call” that major oil companies such as Exxon-Mobil, Chevron and ConocoPhillips are still good investments.
ConocoPhillips, the nation's third-largest oil and gas producer, said Wedneday first-quarter profit rose 7.7%, as one-time gains from asset sales offset the negative impact of lower crude oil prices.
U.S. crude oil futures ended sharply higher, pushed up at the expiration of the front-month May contract and ahead of Nigeria's presidential election Saturday that has oil markets worried about post-election turmoil disrupting supply.
Timothy Ramey, senior research analyst at D.A. Davidson & Co., told CNBC’s “Squawk on the Street” that the Tyson Foods-ConocoPhillips deal to produce biodiesel from animal fat will plump Tyson’s bottom line.
Wal-Mart, the world's largest retailer, has reclaimed its position as the largest corporation in the U.S. among the Fortune 500, pushing Exxon Mobil down to number two. With more than $351 billion dollars in revenue, the magazine ranks Wal-Mart slightly ahead of the energy giant. Wal-Mart is on top for the fifth time in six years.
U.S. crude oil finished just short of $64 as gasoline futures surged to new eight-month highs on troubles at two refineries. The production disruptions raised fears of a gasoline supply crunch when drivers hit the roads this summer.
If you pull up a chair, grab the phone and call Cramer with your top five holdings, he'll let you know if your portfolio is cooking with fire or if it could just get you burned. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Forget the Middle East. There’s an oil cartel in the U.S. that’s controlling the market and taking advantage of consumers, one critic told CNBC’s Liz Claman on “Morning Call.”
The SEC’s campaign to ensure more disclosure of executive pay seems to be bringing more confusion than clarity this proxy season, CNBC's Mary Thompson reports. The new Compensation, Discussion and Analysis (CD&A) section, which averages about 5,000 words or nine pages, is meant to help shareholders. But experts say sifting through the new data is challenging and investors still don’t get all the information they need.
World champion poker player Chris Moneymaker is number one in Trading With The Stars! He knocks Willie Garson out of first place--taking the lead for the SECOND time in the competition. He was number one back on April 3rd. (thanks to producer Lori Spechler for pointing this out). BUT is it a "bluff?"--only $2,590.29 separates the two players. So, there could be more trading places in the days ahead. Here's a breakdown:
The chief executive of Dow Chemical on Tuesday shot down speculation that the company is in talks with private equity for a leveraged buyout. “We are not in discussions with anyone in LBO,” Andrew Liveris told CNBC’s David Faber.
ConocoPhillips, Qwest and more - in Cramer's final stock calls of the week.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
ConocoPhillips said it expects first-quarter results to be hurt by lower crude oil prices and production compared with the fourth quarter, but projects stronger natural gas prices and improved margins in its refining business.
Trading With The Stars' Judy Gold is currently in 5th place, after being in 4th after being in 6th. (scorecards please). But is she happy staying where she is? (where is she? oh yeah, 5th) No, she's not! In fact she went to the source--Wall Street itself--to get just the tips she needs. And we have the video to prove it. What kind of advice did she get? Well, how about buying pears instead of apple? (aha--yes, someone said it).
Wow-there were a lot of big gains Tuesday, and many of our celebs came from behind to move up the ranks. Chris Moneymaker stepped it up taking the lead with an all-in buy of Gigamedia Monday, netting him over $47,000, Tuesday (and for being first, Chris gets his picture posted). And Ernie Hudson moved from 8th to 6th, AND Johnny Bench moves up two spots from 9th to 7th. At last (and no longer close to last) Johnny's making his move!! Here are the standings:
ConocoPhillips Chairman and Chief Executive James Mulva said he was confident he would finalize a joint venture with Russian oil giant OAO Lukoil in the next year. The project, however, won’t necessarily be in oil-rich Russia, the Wall Street Journal reported.
Judy, Judy, Judy--HELLO!. You're in 6th place after Tuesday's "Trading With The Stars" action. That's after you were in 4th place on Monday. Okay, Judy's had two days of falling value--something that did NOT go unnoticed by CNBC's Michelle Caruso-Cabrera on "Morning Call." That's the show Judy's playing for--at least the first hour.