Why you should be adding Chevron and ExxonMobil to your portfolio.» Read More
U.S. stocks closed higher by nearly 1 percent or more Monday, the first trading day of November, helped by gains in energy and health care stocks.
While some might see crude oil falling to $30 or less, I think market sentiment may be starting to change, says Andy Lipow. Here's why.
U.S. stocks ended lower Friday but closed out their best month in four years, helped by a recovery in oil prices and hopes of easy monetary policy.
Oct 30- Chevron Corp is slashing 10 percent of its workforce and sharply paring back its budget, with Chief Executive Officer John Watson giving a downbeat view on Friday of an industry beleaguered by low oil prices. For Chevron, that means cutting its budget by 25 percent next year by spending less in Australia, Angola and the U.S. Gulf of Mexico, where the No. 2 U.S. oil...
Exxon Mobil delivered quarterly earnings and revenue that topped analysts' expectations on Friday.
"They are like the Kansas City Royals, man," says CNBC's Jim Cramer.
Chevron is cutting about 7,000 jobs and reducing capital spending by 25% next year amid the tumble in crude prices.
Oct 30- Chevron Corp, the second-largest U.S.-based oil producer, slashed its 2016 capital budget by 25 percent and said it would lay off roughly 10 percent of its workforce, one of the most-drastic reactions to date to the plunge in crude prices. Chevron said on Friday it plans to spend between $25 billion to $28 billion next year and expects to further slash...
U.S. stock index futures indicated a higher open on Friday as traders eyed more earnings and economic data.
Chevron on Friday announced plans to cut its workforce by 6,000 to 7,000, while posting earnings that topped expectations.
On today's final trading day of October, stocks are on track for their best month in four years and a fifth straight winning week.
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MEXICO CITY, Oct 28- State oil firm Pemex said on Wednesday it had received a license from the United States to import U.S. light crude in exchange for exports of Mexico's heavier crude oil for the first time, albeit with a lower ceiling than originally planned. The first U.S. shipment would arrive in Mexico from the first half of November, he said.
U.S. stocks closed up more than 1 percent after the October Fed statement gave investors more confidence in the possibility of a December rate hike.
Oct 28- U.S. energy companies that hold reserve-based loans have so far reported a net fall of 4.2 percent, or roughly $1.23 billion, in their credit lines. "It looks generally to me like it's sort of kick-the-can-down-the-road approach that's being taken at this point, but that really just pushes the day of reckoning into sort of the first quarter of next year,"...
U.S. stocks closed mildly lower, under some pressure from economic data, as investors awaited key earnings reports and Wednesday’s Fed statement.
U.S. stocks closed narrowly mixed, holding most of last week's gains, as investors readied for more earnings and central bank announcements.
U.S. sovereign bonds traded higher on Monday ahead of the Federal Reserve's two-day policy meeting this week and a raft of major corporate earnings.
It's the busiest week for earnings with more than 150 S&P companies set to report. The options market is implying big moves for some widely held names.