Companies including Royal Dutch Shell, BP and Statoil have led moves to curtail capital spending on 26 major projects worldwide, according to the FT.» Read More
Analysts say Exxon's multi-billion dollar spending spree will soon be a liability, when oil prices come down.
Despite natural gas prices falling to near 10-year lows last week, Shell's CEO Peter Voser says demand for gas will be much higher than oil in the long term with the Asia-Pacific region driving the sector's growth.
In the new year, hope for yield hunters returns as companies rewarded for paying higher dividends begin to pressure those that don't, David Katz, Matrix Asset Advisors' chief investment officer told CNBC.
Stocks closed mixed but finished off their worst levels Tuesday after a report that EU officials may be creating two separate rescue funds to help contain the region's ongoing sovereign debt crisis.
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Britain’s banks will face an annual bill of as much as £6 billion ($9.5 billion) to comply with the reforms of the Vickers Commission, according to the panel’s final report, published on Monday. The FT reports.
A marketing initiative with Shell will encourage use of natural gas as a transportation fuel, Westport CEO David Demers told Cramer.
Oil companies are understood to be preparing to move back into the North African country, which used to pump 1.6 million barrels per day before the uprising against Muammar Gaddafi's government began six months ago.
"The oil spill is not affecting Royal Dutch Shell much at all. It is just down by the amount you would expect with the FTSE down 0.7-0.8 percent," Simon Denham, chief executive at Capital Spreads, told CNBC.
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Stocks reversed course in the final hour of trading to end lower Thursday amid thin volume as investors nervously awaited a key vote on a bill to cut the U.S. deficit in Congress this evening.
Stocks declined in the final hour of trading Thursday amid thin volume as investors nervously awaited a key vote on a bill to cut the U.S. deficit in Congress this evening.
Stocks added to gains Thursday, led by techs, after a handful of positive economic news and ahead of a key vote on a bill to cut the U.S. deficit in Congress.
Futures gained Thursday after weekly jobless claims fell more than expected, but investors continue remain on edge ahead of a key vote on a bill to cut the U.S. deficit in Congress.
The debt feud will likely continue to take its toll on markets Thursday, as the deadline to raise the debt ceiling closes in and lawmakers are still far apart.
As the price of crude oil has surged in the last year, several big oil stocks have followed suit. The next quarter will likely deliver good news again for these stocks, said one analyst—but another suggested examining how companies react to oil's rise before investing in them.
By some estimates, shale gas reserves in China could be bigger than those in the U.S. and Royal Dutch Shell hopes to be a major player in the market.
BP's profits for the second quarter of 2011 disappointed Tuesday after cuts in production stemming from last year's Deepwater Horizon accident.
In the current difficult market, investors should "have faith" in large-cap value stocks, Templeton Global Balanced Fund portfolio manager Lisa Myers told CNBC Wednesday.