Every now and then a company is so strategic, its stock becomes a holding that pros want to keep on their sheets, no matter what.» Read More
July 10- Chevron Corp expects second-quarter profit to rise as asset sales in Chad and elsewhere offset spiking currency charges, the No. 2 U.S. oil company said on Thursday.
Check out which companies are making headlines after the bell Thursday: Chevron, PriceSmart, Gap & more.
July 10- Chevron Corp, the second-largest oil company in the United States, said on Thursday it expects its second-quarter profit to rise, helped in part by asset sales and fewer one-time charges. The company said its quarterly profit should "be higher" in the second quarter compared to the first quarter, when it posted net income of $4.51 billion, or $2.36 per share.
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CHICAGO, June 23- Despite the incendiary conflict in Iraq that last week sent the benchmark price of Brent crude oil to more than $115 a barrel, a nine-month high, U.S. stock markets largely shrugged off the oil threat, hitting record closing highs last week.
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NEW YORK, June 19- The S&P 500 ended at another record high on Thursday, extending gains for a fifth day on investors' optimism that the Federal Reserve will keep interest rates low for a long period of time.
June 18- Oil and gas companies will increase exploration and production spending by 6 percent to $712 billion this year, despite a slight pullback in spending by industry majors, Barclays said. Spending by major oil companies is expected to remain flat this year, Barclays said in a report on Wednesday.
June 18- Oil and gas companies will increase exploration and production spending by 6 percent to $712 billion this year, despite a slight pullback in spending by industry majors, Barclays said.
Stocks fluctuated on Tuesday a day before the Federal Reserve's policy decision.
June 13- Chevron Corp, the second-largest U.S. oil company, said it sold its 25 percent stake in a producing oil concession and the related pipeline system in southern Chad to the country's government for about $1.3 billion.