Oil and Gas Integrated Oil and Gas

  • WASHINGTON, Jan 3- Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump's cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump's emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as...

  • WASHINGTON, Jan 3- Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump's cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump's emerging leadership includes Exxon Mobil Corp Chief Executive Officer Rex Tillerson as...

  • Oil field workers on a rig in Tioga, North Dakota.

    Investors should be overweight integrated oil companies, independent drillers and oilfield services, Evercore's Doug Terreson said.

  • Oil rig afloat on the waters in Alaska

    The Obama administration on Friday blocked the sale of new permits to drill oil and gas in the Chukchi and Beaufort Seas off Alaska.

  • HOUSTON, Oct 28- Exxon Mobil Corp, whose oil field assets are being investigated by the U.S. government, warned on Friday it may need to slash proved reserves on its books by nearly 20 percent if oil prices stay low for the rest of 2016.. The news pushed the company's share price down 2.3 percent to $84.93 in afternoon trading, on an otherwise upbeat day that saw Exxon...

  • Oct 28- Imperial Oil Ltd, Canada's No. 2 integrated oil producer and refiner, reported a better-than-expected quarterly profit as the company's aggressive cost-cutting measures helped cushion the impact of lower oil prices. These include all, or part of oil sands assets at Kearl and Cold Lake in Alberta, Imperial Oil said on Friday. The company's upstream unit...

  • Oct 28- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a better-than-expected quarterly profit as it continued to cut costs in the wake of lower oil prices. The company's upstream unit cash costs averaged less than $20 per barrel year to date, Chief Executive Rich Kruger said on Friday. Imperial Oil, 69.6 percent owned by Exxon Mobil...

  • *Q3 adjusted loss $0.10/ share vs est. loss $0.08/ share. *Cuts 2016 budget to C $2 bln from C $2.1- C $2.3 bln. Husky said it now expects to spend about C $2 billion this year, below its prior forecast of C $2.1 billion to C $2.3 billion.

  • Oct 27- Husky Energy Inc, Canada's No. 3 integrated oil company, reported a bigger-than-expected quarterly loss as weak crude oil prices continued to eat into profits. The Calgary, Alberta- based company said cash flow from operations shrank to C $484 million, in the quarter, from C $674 million a year ago. However, Husky recorded nearly C $1.5 billion in gains related...

  •  Oil Rig at night, silhouette

    OPEC's plan to limit oil output could boost crude prices next year and help energy companies return to earnings growth, Doug Terreson said.

  • Rex Tillerson, CEO of Exxon Mobil.

    The New York attorney general is investigating why ExxonMobil has declined to write down the value of its assets despite the oil price rout.

  • *Simple European refiners begin run cuts of up to 5 pct. LONDON, July 29- Energy companies' lifeline during the rout in oil prices- refining and downstream- has withered but the fall in margins is hardly a surprise for European refiners, which are turning again to survival strategies honed during the tough years. "Last year was the best year on record for European...

  • *Says Alberta wildfires reduced net income by C $170 mln. July 29- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a surprise quarterly loss due to the impact of wildfires in Fort McMurray, Alberta. The Alberta wildfires reduced output by about 60,000 barrels per day and net income by an estimated C $170 million, Imperial said on Friday.

  • A truck enters the ExxonMobil refinery on May 23, 2016 in Notre-Dame-de-Gravenchon, northwestern France.

    ExxonMobil earned an adjusted 41 cents per share in the second quarter, compared with expectations for 64 cents per share.

  • July 29- Imperial Oil Ltd, Canada's No.2 integrated oil producer and refiner, reported a quarterly loss due to the impact of wildfires in Fort McMurray, Alberta. The Alberta wildfires reduced output by about 60,000 barrels per day and net income by an estimated $170 million, Imperial said on Friday. The company reported net loss of C $181 million, or 21 Canadian...

  • NEW YORK, July 27- Investors reeling from several quarters of declines from U.S. energy companies are optimistic that a recent oil rebound may help boost results of exploration and production companies reporting in the coming days. "The big question of course is oil prices," said Mike Breard, analyst at Hodges Capital Management in Dallas, Texas.

  • Royal Dutch Shell products in Torzhok, Russia.

    Oil prices are shedding their gains, but Evercore analyst Doug Terreson said it's not time to abandon the big oil trade.

  • An employee holds a control panel as barrels are filled with lubricant oil ahead of shipping at Royal Dutch Shell Plc's lubricants blending plant in Torzhok, Russia.

    With oil prices expected to trade lower for longer, more energy companies are set to face default, according to one CEO.

  • Oil barrels sinking in oil

    Evercore ISI's Doug Terreson expects all oil majors to do a big deal, starting in the first half of this year.

  • Oil workers aboard the Agbami floating production, storage and offloading vessel, operated by Chevron Corp., in the Agbami deepwater oilfield in Nigeria.

    With big oil's profits and revenues expected to fall significantly from a year ago, investors will have an eye on a few critical factors.