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Dow Jones announced two new Dow components today, the first change to this major market index since 2004. Honeywell and Altria are out while Chevron and BofA are in. See how long the remaining 28 components have held their positions...
The Dow Jones Industrial Average, the most widely known barometer of the U.S. stock market, is making the first change in its lineup of 30 stocks in nearly four years, dropping Honeywell and Altria and adding Chevron and Bank of America.
Dow Jones just announced a change in the Dow Jones Industrial Average. Chevron and Bank of America will replace Altria and Honeywell. Chevron is making a second tour; it came out in 1999. Last time there were changes in the Dow was April, 2004, when AIG, Pfizer and Verizon replaced the old AT&T, Eastman Kodak, and International Paper.
Venezuela's top oil official accused Exxon Mobil of "judicial terrorism," but said court orders won by the oil major do not amount to confiscation of $12 billion in assets.
Oil group BP stepped up the pace of its turnaround on Tuesday, outlining a plan to slash its workforce by 15 percent, cut over $1 billion in costs and adopt a more generous dividend policy, boosting its shares despite a big drop in profits.
Exxon Mobil posted the highest-ever quarterly and yearly profits by a U.S. company, while Chevron said its fourth-quarter earnings rose 30 percent.
Chevron, the second-largest U.S. oil company, Friday said its fourth-quarter earnings rose as record prices for oil outweighed relatively weak refining profits.
Thursday's 400-point range in the Dow was the grand finale to a volatile month that will certainly go down as one of the worst for stocks.
How should you be trading crude oil and the refiners? Find out from one of the biggest energy investment bankers in the business.
OPEC meets at the end of the week and you have to assume they will get together and have a good laugh. Americans are drowning in sub prime slime, a single French trader made $7.2 billion disappear, and all the while OPEC members are wallpapering their palaces with dollars.
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Wall Street ended the year on a negative note Monday, with technology shares hit by profit-takers and falling oil prices sending energy stocks lower.
Stocks closed mixed after another volatile day that featured lowered outlook for two key insurers, more jitters over credit and mixed results from an effort to shore up financials.
Stocks rebounded to close higher, helped by bargain hunting in beaten-down shares of large technology companies and a partial recovery by financial stocks.
Chevron, the second-largest U.S. oil and gas company, said Thursday it expects its capital spending to rise by about 15 percent as the company works to bring several large-scale oil and gas projects online in a high-cost environment.
U.S. stocks closed lower Monday as major Dow components and financials outweighed hopes for a Fed rate cut and a government plan to rescue at-risk homeowners.
Multinational energy companies are looking at opportunities in Turkmenistan, a country of five million people that borders the Caspian Sea and sits on the world’s fourth or fifth largest reserves of natural gas.
Stocks closed slightly higher as investors waited to see whether tonight's speech by Federal Reserve Chairman Ben Bernanke would signal further cuts in interest rates.
Stocks closed sharply higher after a rebound by the battered financial sector spread across the entire market.
Royal Dutch Shell's oil sands upgrading plant near Edmonton, Alberta, caught fire late on Monday and the company said it was taking units off line after crews extinguished the blaze.