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
Stock index futures fell slightly ahead of the open on Wall Street Thursday after news that the economy slowed in the first quarter, and jobless claims rose more than expected.
Five major oil companies prepare to unveil quarterly earnings numbers that are expected to show major profits at a time when Americans are facing rising gas prices at the pump. The Obama administration thinks the oil companies should give up about $44 billion worth of federal subsidies over the next ten years.
Brazilian oil giant Petrobras is confident the type of drilling accident BP faced in the Gulf of Mexico last year would not happen in its offshore operations, a company official said recently.
These four names probably wouldn't make the cut, Cramer said. Here's why.
The buzz at the “Business and Investment In Qatar Forum” is summed up by a Pegasus private equity investor as, “get in soon, it’s growing fast.”
"When a natural disaster strikes, its victims most urgently need aid. Many companies respond by making direct donations and matching employee gifts. But in times of crisis, we advise companies to do more than give money," writes this author.
Most oil companies are trading higher, helped by a surge in crude prices, according to Michael Kay, equity analyst at S&P.
Natural gas may be having its day, as its rival energy sources come under a cloud. The serious problems at the nuclear power plant in Japan have raised new doubts about the safety of nuclear energy the New York Times reports.
During my interview with Peter Voser, the CEO of Shell, this morning. I asked him for his oil and gas price targets.
Safety and environmental fears made the United States wary, but oil companies are eager to follow Russia in, the New York Times reports.
A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
Stocks ended slightly higher after trading lower most of the session as Federal Reserve Chairman Ben Bernanke indicated the central bank would continue to stimulate the economy, even amid signs of growing strength in the U.S. economy, evident in news out early in the session. Cisco and BofA rose, while Merck fell.
Stocks turned higher after Federal Reserve Chairman Ben Bernanke indicated the central bank would continue to stimulate the economy, even amid signs of growing strength in the U.S. economy. Cicsco and Bank of America rose, while Merck fell.
Stocks fell Thursday as investors weighed strong signs of an economy on the mend against increasing worries over Egypt and signs pointing to an end to the recent rally. Merck and Alcoa fell, while Bank of America gained.
Companies with operations in Egypt are doing their best to maintain business as usual, with varying results.
Stocks closed near session lows as civil unrest in Egypt sparked widespread selling that pushed the S&P 500 down nearly 2 percent and broke an eight-week winning streak for the Dow. Microsoft and Home Depot sank.
Stocks extended steep losses, as the S&P 500 slid nearly 2 percent, as civil unrest in Egypt sparked widespread selling despite decent economic numbers. Microsoft and Home Depot fell, while Kraft rose.
Cramer makes the call on viewers' favorite stocks.
BP shares are recovering the losses suffered since the Gulf of Mexico disaster and will steadily rise to almost double the low they reached last summer, when the company’s inability to cap a leaking oil well eroded investor confidence, Clive Lambert, director of FuturesTechs told CNBC on Thursday.
Stocks closed mixed a day after hitting multiyear highs despite positive economic news and after word the Federal Reserve didn't believe the economy had improved enough by December to alter its economic stimulus program.