As oil prices hold at lows, gas station stocks such as CST Brands and Murphy USA may be the best way to play the energy sector, analysts said.» Read More
HOUSTON, July 31- Murky private rulings from the U.S. Commerce Department to a pair of companies allowing exports of a very light form of domestic oil with minimal processing confused many in the market over exactly what can be exported, Marathon Petroleum Corp Chief Executive Gary Heminger said on Thursday.
NEW YORK/ HOUSTON, July 31- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, has emerged as the mystery American buyer of Kurdish crude oil this year, but said on Thursday it will not be buying any more due to an ownership dispute.
July 31- Marathon Petroleum Corp, the third-largest standalone U.S. refining company, said its quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast.
July 31- Marathon Petroleum Corp's quarterly profit rose 44 percent, helped by higher crude refining margins on the Gulf of Mexico coast. The refiner's net profit rose to $855 million, or $2.95 per share in the quarter ended June 30, from $593 million, or $1.83 per share, a year earlier.
NEW YORK, July 30- Chemicals firm LyondellBasell, owned by Ukraine- born billionaire Leonard Blavatnik, appears to be the mystery American buyer of two cargoes of Kurdish crude delivered in May, according to U.S. government data and industry sources.
July 30- Hess Corp said on Wednesday it would form a master limited partnership for its North Dakota oil and natural gas storage facilities and processing plants, taking advantage of a key financial trend in the energy sector to generate cash.
July 30- Oil and natural gas producer Hess Corp said it plans to form a publicly traded master limited partnership comprising its pipeline and storage assets in North Dakota's Bakken oil shale field. Hess said it expected the MLP to file a registration statement with the U.S. Securities and Exchange Commission in the fourth quarter.
A crush of big cap earnings and arguably the most important economic reports until September make next week the busiest of the summer for markets.
HOUSTON, July 25- Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.
Up nearly 20 percent in the past five months, the energy sector still has room to run, Matarin's Nili Gilbert says.
*Monsanto rallies on outlook and stock-repurchase plans. *CBS shares jump after Supreme Court ruling. Shares of CBS jumped 6.2 percent to $62.48 after the U.S. Supreme Court ruled that online TV startup Aereo Inc violates copyright law by using tiny antennas to provide subscribers with broadcast network content via the Internet.
The Commerce Department's decision to allow unrefined U.S. oil exports creates clear winner and losers.
Take a look at some of Wednesday's midday movers.
U.S. crude rose after government data showed a sharp drop in gasoline stocks that outweighed a build in overall crude stocks.
Companies are reconsidering their approach to listings as enthusiasm for once-booming biotech and social media offerings has wavered. The FT reports.
Collectors can breathe easy as Hess announced it will continue making its toy trucks after the sale of its retail arm to Marathon Petroleum.
Some of the names on the move ahead of the open.
There’s something going on in the energy sector, and Jim Cramer doesn’t think the Street fully understands the impact.
After sifting through the latest earnings from Marathon Petroleum, Jim Cramer doesn’t think $82 makes sense.
Some of Tuesday's midday movers: