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Occidental Petroleum shareholders voted Friday to oust longtime Chairman Ray Irani.
The "Fast Money" traders share their final trades of the day.
Occidental Petroleum bounced yesterday, and the big-oil bulls jumped on board.
Hess plans to split off its oil and gas refining and marketing businesses to refocus on drilling its shale energy assets.
Hess will exit its retail, energy marketing, and energy trading businesses following pressure from an activist investor to break up the company.
China National Petroleum Corp (CNPC) has emerged as the frontrunner to take over Iraq's West Qurna-1 oilfield from Exxon Mobil, a move that would diminish Western oil influence in Iraq a decade after the U.S.-led invasion.
*Conoco 2012 spending seen at $15.5 billion- $16 billion. Oct 25- ConocoPhillips and Occidental Petroleum Corp reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt profits.
Chief Executive Officer Stephen Chazen set a target of lowering costs to 2011 levels by the end of next year, zeroing in on those in the company's home state of California. The stock is down 13 percent so far in 2012, while Exxon Mobil Corp and Chevron Corp are up for that period.
Oct 25- ConocoPhillips and Occidental Petroleum Corp reported quarterly results that topped Wall Street estimates as they produced more oil and gas than expected, even as lower prices hurt profits. Conoco had record output in the Eagle Ford basin in south Texas, while Occidental saw strong production of higher-priced crude oil in the Permian Basin.
Oct 25- Occidental Petroleum Corp reported a higher-than-expected quarterly profit on Thursday as growing output helped make up for lower oil and gas prices, and its shares rose 2 percent. The fourth-largest U.S. oil company said net profit fell to $1.38 billion, or $1.69 per share, from $1.77 billion, or $2.17 per share, a year earlier.
LOS ANGELES-- Occidental Petroleum saw third-quarter profit fall 22 percent as an increase in production was offset by lower oil and natural gas prices. Occidental reported net income of $1.38 billion, or $1.69 per share, in the quarter that ended Sept. 30.
Oct 10- Occidental Petroleum Corp:. *S&P Capital IQ cuts Occidental Petroleum price target by $4 to $100;. Reuters Station users, click. 1568.
QUITO, Ecuador-- An international arbitration body has ruled Ecuador should pay $1.769 billion to Occidental Petroleum Corp. for revoking the U.S. company's operating concession in 2006..
*Barclays raises Anadarko Petroleum Corp price target to $85 from $84;. rating overweight* Barclays cuts Apache Corp price target to $116 from $117; rating overweight. *Barclays raises Devon Energy Corp price target to $67 from $66;.
CNBC’s Analytics team looked at the stocks that have average consensus estimates farthest above their current stock prices. Here's what they found.
U.S. Secretary of State Hillary Clinton is in the midst of an 11-day trip across sub-Saharan Africa. Speaking on 1 August on the topic “Remarks on Building Sustainable Partnerships in Africa,” Clinton at the University of Cheikh Anta Diop in Dakar, Senegal, Clinton told her audience, “The Obama Administration’s comprehensive strategy on Sub-Saharan Africa is based on four pillars: first, to promote opportunity and development; second, to spur economic growth, trade, and investment; third, to advance peace and security; and fourth, to strengthen democratic institutions.”
CNBC performed an analysis that could unlock some value even in this market.
Considering oil slipped down to $83 and change on Friday, lower than most traders ever expected, shouldn’t it at least plateau if not rebound?
Although the growth in CEO compensation slowed last year, the pay numbers are still eye-popping. The New York Times reports.
On Wednesday, investors were trying to get a handle on the stock market's bounce, one day after its worst sell-off in three months. The Fast traders have cause for concern.