Imperial's net loss was C $101 million, or 12 Canadian cents per share, in the first quarter ended March 31, compared with net income of C $421 million, or 50 Canadian cents per share, a year earlier. Imperial shares were last down 0.2 percent on the Toronto Stock Exchange at C $41.97 following the slight miss on market expectations. "The key differences relative to our...
HOUSTON, April 29- Exxon Mobil Corp and Chevron Corp posted sharp drops in quarterly results on Friday as an oversupplied fuel market shrank profits from their refining units, which until now had provided healthy margins that helped insulate them from a 60 percent slide in oil prices since mid-2014. Exxon reported net income of $1.81 billion, or 43 cents per...
April 29- Imperial Oil Ltd, Canada's integrated oil producer and refiner, reported a slightly bigger-than-expected quarterly loss, hurt by continued weakness in crude prices. Imperial's net loss was C $101 million, or 12 Canadian cents per share, in the first quarter ended March 31, compared with net income of C $421 million, or 50 Canadian cents per share, a year...
With oil prices expected to trade lower for longer, more energy companies are set to face default, according to one CEO.
Evercore ISI's Doug Terreson expects all oil majors to do a big deal, starting in the first half of this year.
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.
Investors looking for upside that comes with risk-oriented energy plays can find similar returns in Chevron, Sam Margolin of Cowen said.
The recent leg lower in oil prices is no surprise, and the oil rout will get worse before it gets better, John Hofmeister says.
Shell said on Thursday it was reviewing its business interests in New Zealand as it seeks to streamline its portfolio amid a slump in energy prices.
After years of strong employment gains that outpaced total private sector growth, the energy sector is now the biggest job cutter of 2015.
Emad Mostaque of consulting company Ecstrat makes the case for triple-digit crude in an interview with Mandy Drury.
Richard Mallinson, geopolitical analyst at Energy Aspects, explains why more lower prices will help them in the long term.
An expected drop in crude prices to $30 to $40 a barrel might not be enough to balance global oil markets, analyst Jamie Webster says.
Anatoli Annenkov, senior European economist at Societe Generale, discusses how financial factors have impacted oil prices.
Chevron earnings fell well below expectations Friday, raising new questions about shareholder returns at a time when oil prices are sliding again.
T. Boone Pickens says Saudi production is topping out at about 10 million barrels per day and oil prices will return to $70 per barrel by year end.
Governments globally charge prices for energy that do not account for its harmful side effects, amounting to a $5.3 trillion subsidy, the IMF said.
Shell's takeover bid for BG may be a harbinger of more deals for Australia's resources sector, which has taken a body blow from low commodity prices.
Exxon could make a deal soon, and targets for oil majors range from U.S. shale producers to distressed mining and resources firms, analysts tell CNBC.
David Harding, Founder and CEO of Winton Capital Management, discusses how the low oil price is impacting his portfolio.