Sources say Exxon Mobil has put its Torrance, Calif. refinery on the block, due to the state's tough environmental standards.» Read More
The desk is keeping a close eye on the action in BP after shares popped Wednesday in the wake of a dividend suspension.
An oil exploration company in a sea of post-BP oil exploration stock disasters.
Get long these 4 stocks as beneficiaries of a potential BP asset sale, says Liquidator.
Is Obama going to launch the nuclear option against BP in tonight’s Oval Office speech? That option would terminate all BP oil and gas leases and suspend all federal contracts with the oil company. BP is the Defense Department’s biggest oil supplier, with a contract worth more than $2 billion yearly, according to energy analyst John Kilduff. Such a move by the president could conceivably bankrupt BP
Cramer talks with Devon Energy Chairman Larry Nichols about the industry's future.
With chatter that BP or its assets may be on somebody’s shopping list, the obvious question: Which big oil company is most financially fit to do those kind of deals? Exxon Mobil.
Stocks will navigate choppy waters in the week ahead, but could sail a bit more smoothly—barring any nasty, new surprises from Europe.
It seems unthinkable, even now, that the disastrous oil spill in the Gulf of Mexico could bring down the mighty BP. But investment bankers get paid to think the unthinkable — and that is just what they are doing. The New York times explains.
BP is trying to defend its corporate image with a major ad campaign after causing the largest oil spill in US history. The campaign includes a TV commercial featuring BP CEO Tony Hayward apologizing for the environmental disaster and explaining to viewers what the company is doing to repair the damage. The campaign has been met with mostly criticism.
The latest plan to stop the oil flowing from a BP site in the Gulf of Mexico may not work as well as originally hoped, the U.S. Coast Guard said Thursday. Many experts are now planning for the worst. What is the long-term impact of the spill on the economy? Steve Blitz, senior economist at Majestic Research discussed his insights.
Gas prices could climb higher than $5 a gallon by 2012 and oil companies could move exploration to other countries if the Obama administration’s suspension of offshore drilling continues for six months, John Hofmeister, a BP consultant and former Shell executive told CNBC Tuesday.
BP’s stock price has plummeted over the past month, sparking talk on whether it is vulnerable to a takeover. But given the massive uncertainty surrounding the costs of the oil spill, BP may prove to be a cheap, but messy target, analysts told CNBC.com.
Wall Street limped to the finish of an ugly May, dropping on European debt fears and lackluster economic news, though stocks were well off their lows heading into a holiday weekend.
This bull market will continue for "another couple of years," said Puru Saxena, CEO of Puru Saxena Wealth Management. He shared his market outlook.
Italy successfully auctioned 3, 7, & 10 year notes Friday, which should further calm markets. Bottom line: for the moment, it appears that European countries can access capital markets, with the possible exception of Greece. Now they just have to sell the austerity programs. Also: Sell in May and go to..?
U.S. stock index futures pointed to a lackluster open Friday as investors waited for key economic data to verify that recovery is building momentum.
They say good things come to those who wait. Which stocks are the Fast Money traders waiting on?
ExxonMobil is the biggest company in America and has been profitable for the last five quarters. So should investors still be buying the oil giant? Andrew Lees, portfolio manager at Invesco Energy Fund and Shawn Reynolds, portfolio manager at Van Eck Global shared their insights.
McMoRan Exploration rallied on a major oil discovery in January, only to fall back to earth in the last two months. Now the bulls are back.
A new study by OPEC predicts oil prices could stay in the $70-80 a barrel range for the next 10 years, according to a report expected to be presented at the International Energy Forum next week in Cancun, Mexico.