Some of Thursday's midday movers:» Read More
Oct 31- A surge in refining profits boosted quarterly results for Exxon Mobil Corp and Chevron Corp, helping to offset lower oil and gas output and slumping crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted results.
NEW YORK— Falling oil prices hardly seem to be bothering the two biggest U.S. oil companies, but things could get tougher in the coming months. "These companies can hold up in weaker markets," said Brian Youngberg, an analyst at Edward Jones, about Exxon and Chevron. Those results helped Exxon's overall earning rise 3 percent in the quarter to $8.07 billion.
Oct 31- A surge in refining profits boosted quarterly results at Exxon Mobil Corp and Chevron Corp, helping to offset declining oil and gas production and falling crude oil prices. "Exxon Mobil's quarterly results demonstrate the strength of our integrated business model," Chief Executive Officer Rex Tillerson said in a statement after his company posted...
Oct 31- Chevron Corp posted a higher-than-expected quarterly profit on Friday as lower crude prices boosted its refinery operations, helping to offset sagging oil and gas production. The company posted third-quarter net income of $5.59 billion, or $2.95 per share, compared with $4.95 billion, or $2.57 per share, a year earlier. Analysts on average expected...
Wall Street stock index futures soared on Friday, as markets around the world rebounded after the U.S. posted better-than-expected Q3 growth.
SAN RAMON, Calif.— Chevron Corp. on Friday reported profit of $5.59 billion in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share. This story was generated by Automated Insights using data from Zacks Investment Research.
Fadel Gheit, Oppenheimer & Company energy analyst, provides insight on big energy's Exxon Mobile and Chevron.
Earnings from Exxon and Chevron, and September data on consumer spending, income and inflation are highlights ahead of Friday's opening bell.
BUENOS AIRES, Argentina— Argentina's Congress has passed an energy law aimed at luring foreign investment into its promising shale oil and gas. Argentina has one of the world's largest deposits of shale oil and gas, but only a few companies have made commitments to develop the fields because many fear the government's interventionist energy policies.
Stocks were little moved Wednesday, as Facebook declined and Wall Street looked to the Federal Reserve's policy decision.
*Shares open at $32 and touch a high of $33.30. Oct 29- Shares of Shell Midstream Partners LP, a master limited partnership formed by Royal Dutch Shell Plc, rose as much as 45 percent in their market debut, in the latest MLP offering to win investor confidence. Royal Dutch Shell is the first of the industry majors to take an MLP public as a means of monetizing assets while...
Stocks declined Monday as crude dropped below $80 a barrel and Merck & Co. narrowed its 2014 outlook.
After energy shares led the recent stock market selloff, investors are eyeing earnings to see if the sector can pull itself out of the pit.
NEW YORK— Energy companies nudged U.S. stocks lower Monday afternoon as the price of oil languished around $80 a barrel and more disappointing economic news emerged from Europe. Goldman Sachs lowered its outlook for crude prices and a report on business confidence in Germany, Europe's largest economy, showed a sixth straight month of declines.
It’s not the iPhone, or anything inside, that’s caught "Mad Money" host Jim Cramer’s eye to recommend buying this stock and selling others
Can the bull market continue? In preparation for earnings season to continue next week, Jim Cramer gives his take on what to expect.
NEW YORK— The stock market closed out its best week in nearly two years on a positive note Friday, helped by strong quarterly earnings from Microsoft and other big U.S. companies. Quarterly results from Microsoft and UPS helped lift the market Friday, but there have been other strong earnings reports all week. Caterpillar, 3 M, Apple and others have all came in well...
Stocks surged Thursday after Caterpillar boosted its profit outlook.
BUENOS AIRES, Oct 23- Persistent government intervention in Argentina's stagnating economy means oil and gas firms will remain cautious even if Congress backs a proposed law offering sweeteners to attract new investments worth tens of billions of dollars. Argentina needs to ramp up production from its vast but barely tapped Vaca Muerta shale oil and gas...
Stocks rose Tuesday as investors cheered earnings from companies including Apple.