Jim Cramer says the weakness in the oil market has caused this stock, and many others, to suffer.» Read More
Leon Cooperman wouldn't be buying energy stocks aggressively, but here is where he is putting his money.
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...
Energy giant Chevron will eliminate about 1,500 job positions in an effort to cut costs, the company reported Tuesday.
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.
Ahead of President Barack Obama's trip to Kenya and Ethiopia, Africa has resurfaced as a topic of discussion in the investment community.
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.
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.
Second-quarter earnings are now slated to be negative, and there's a clear culprit for the drop.
Dollar strength, weak oil weigh on earnings.
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...
Although oil prices will remain low, Goldman singles out one big energy company as good play.
Jim Cramer provides his advice on caller favorite stocks at lightning speed.
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...
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.
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...
U.S. stocks closed mildly lower on Wednesday as investors remained anxious ahead of an impending Greek parliament vote.