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Stocks Chevron Corp


  • PARIS, July 29- French oil company Total posted higher than expected second-quarter profit on Wednesday, helped by increased refining margins in Europe and accelerated cost cuts to adjust to a low oil price environment. Europe's second biggest oil company reported adjusted net profit of $3.085 billion, beating analyst expectations of $2.61 billion and only...

  • July 28- Chevron Corp, the second-largest U.S. oil company, said on Tuesday it would lay off 1,500 employees, about 2 percent of its global work force, as it trims costs to offset declining crude prices. Nearly all of the layoffs will be in Texas, where the company has expanded in recent years to develop land in the Permian shale formation, and California, where Chevron...

  • 'Good selling opportunity' in oil stocks: Expert Tuesday, 28 Jul 2015 | 3:42 PM ET
    Technicians prepare oil drilling equipment to be used at Vaca Muerta Shale oil reservoir in Loma Campana. YPF has an agreement with US Chevron to exploit Vaca Muerta.

    While big-name oil stocks rose in tandem with the commodity Tuesday, they're still slated to struggle, one industry analyst said.

  • HOUSTON, July 27- Petroleos de Venezuela has asked oil suppliers to submit offers to sell the South American country up to 70,000 barrels per day of ultralight sweet crudes through contracts of one to five years, potential bidders told Reuters. Even though the OPEC- member nation has the world's largest oil reserves, it does not produce enough light, sweet crude.

  • A risky investment with maybe 'China-like returns' Monday, 27 Jul 2015 | 12:12 PM ET
    Pedestrians wait at a roadside beside a sign advertising Caterpillar heavy construction machinery in Dakar, Senegal, last January.

    Ahead of President Barack Obama's trip to Kenya and Ethiopia, Africa has resurfaced as a topic of discussion in the investment community.

  • 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.

  • An oil-drilling rig operates on Sept. 26, 2014 near Walle, Germany.

    The world's big energy groups have shelved $200 billion of spending on new projects in a round of cost-cutting aimed at protecting investors. The Financial Times reports.

  • Why earnings are literally running out of gas Sunday, 26 Jul 2015 | 5:01 PM ET
    Natural gas is flared off at Apache Corp.'s Deadwood natural gas plant in Garden City, Texas.

    Second-quarter earnings are now slated to be negative, and there's a clear culprit for the drop.

  • Pisani: What's worrying traders about Q3 earnings Friday, 24 Jul 2015 | 4:13 PM ET
    Traders work on the floor of the New York Stock Exchange.

    Dollar strength, weak oil weigh on earnings.

  • Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed about 1 percent lower, despite surprisingly strong Amazon earnings, as signs of slower global growth weighed on sentiment.

  • 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...

  • Goldman: Buy this stock despite drop in oil prices Wednesday, 22 Jul 2015 | 12:09 PM ET
    An oil pump jack in the oil town of Gonzales, Texas.

    Although oil prices will remain low, Goldman singles out one big energy company as good play.

  • Lightning Round: It's getting ready to be revalued Tuesday, 21 Jul 2015 | 7:00 PM ET
    Mad Money Lightning Round

    Jim Cramer provides his advice on caller favorite stocks at lightning speed.

  • Dow closes off triple digits as IBM, UTX slide Tuesday, 21 Jul 2015 | 4:00 PM ET
    A trader works on the floor of the New York Stock Exchange.

    U.S. stocks closed lower, with the Dow Jones industrial average pressured by lackluster earnings from a few blue chips.

  • 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...

  • UPDATE 1-Chesapeake Energy suspends dividend payments Tuesday, 21 Jul 2015 | 8:26 AM ET

    July 21- Chesapeake Energy Corp, the second-largest U.S. natural gas producer, said it would suspend dividend payments starting in the current quarter to save up to $240 million a year. Chevron Corp said in May it would not raise its dividend in the second quarter and that it would see "where things shake out long term" before raising its payout.

  • While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market. Airlines in Dubai are fast adding new Iran routes to meet growing demand. Deal or no deal, U.S. sanctions not related to the nuclear program will still be in place and bar...

  • Stronger quarterly earnings reports from a range of big U.S. companies, including Citigroup and JPMorgan Chase, added more encouragement. "It appears the sky is clearing," said Linda Duessel, senior equity strategist at Federated Investors. Before this week, concerns about China's plunging stock market and the prospect of Greece leaving the euro "had been...

  • Power Play: Making money in energy Thursday, 16 Jul 2015 | 1:46 PM ET
    A tanker truck passes the Valero Energy Bill Greehey refinery in Corpus Christi, Texas, Oct. 4, 2012.

    Making money in energy as oil prices fall.

  • *Ethanol surges 41 percent on price parity, taxes. RIO DE JANEIRO, July 15- Brazilian sales of gasoline and diesel fuel fell in the first half of 2015 and are likely to show a full-year decline as Brazil's economy cools, the country's fuel distributors' association SINDICOM told Reuters on Wednesday. The ethanol surge came as the government allowed state-run oil...