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.
Stock futures Tuesday were a couple points higher ahead of the Fed meeting. An informal survey of stock traders indicate that no one is expecting a dramatic change in wording or rates. Most feel that unemployment will stay in the 9 percent range, that inflation will remain in the 1 to (at most) 2 percent range in 2010, and that none of this warrants rate increases before late in the year.
After being down all day, the Dow and S&P eked out gains Monday, led by Walmart after an analyst upgrade on the stock. Plus financials pulled off a gain amid relief after Sen. Chris Dodd unveiled his financial-reform bill.
Stocks declined Monday as the dollar gained after a warning from Moody's on the U.S. and other nations with AAA debt ratings and amid worries about China tightening. Financials took a hit amid jitters over financial reform.
Stocks were lower Monday after a warning from Moody's' on the U.S. and other nations with AAA debt ratings and amid worries about China tightening. But Walmart jumped 1% after an analyst upgrade.
Stock index futures followed international markets lower Monday, but Wall Street is coming off a bullish trend that could continue given some stronger economic numbers.
Plus, get calls on Internet video streaming, HMOs and more.
A pause is all very well, but if the monetary crutch that has supported recovery is kicked out too soon, that double dip scenario could become a reality.
Futures fell sharply Thursday after a surprise jump in jobless claims, a disappointing signal on the employment front ahead of Friday's jobs report.
What follows is a roundup of corporate earnings reports for Thursday, Feb. 4.
Investors should continue to invest in defensive stocks in strong dividend sectors like telecommunications, technology and pharmaceuticals, said Willem Nabarro, head of European equities for Asia at Exane-BNP Paribas on Tuesday.
'Bond vigilantes' are selling Eastern European, Dubai, Irish and Italian debt and at some point will go for bigger bait, Guy Monson, managing partner and CIO of Sarasin & Partners, told CNBC late Monday.
Get some of Cramer's top picks from the sector. Plus, a call on aerospace.
By bringing together views from Google, Shell, Ericsson, General Mills along with those from leading academics and governments from around the world, The Future Agenda program has already highlighted 20 key insights on the world in 2020: To date 155 countries are involved.
More than six and a half years after the United States-led invasion here that many believed was about oil, the major oil companies are finally gaining access to Iraq’s petroleum reserves. But they are doing so at far less advantageous terms than they once envisioned. The New York Times reports.
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Despite posting a 51 percent decline in profit Friday, Chevron's 11-percent increase in oil production offers an opportunity to investors, said Phil Weiss, senior energy analyst at Argus Research
ExxonMobil reported a plunge in quarterly profit on Thursday, falling short of analyst expectations, as crude oil prices fell from year-ago levels. Phil Weiss, senior energy analyst at Argus Research Company, shared his analysis of the company’s earnings.