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Top News & Analysis Texas

  • NEW YORK— When it comes to avoiding conflicts of interest in the White House, President Donald Trump has ripped up the playbook in his first 100 days. The Trump Organization, now under the leadership of his sons Don Jr. and Eric Trump, has proceeded with overseas resort projects, thereby handing foreign governments potential leverage to influence the president.

  • President Donald Trump's executive order seeking to find new ocean expanses in the Atlantic and the Arctic for offshore drilling isn't likely to reach its goals anytime soon, but instead will kick off a yearslong review and legal battle. And environmental law and policy experts questioned Trump's authority to reverse Obama's withdrawal of certain areas in...

  • NEW YORK, April 28- Stocks edged lower on Wall Street on Friday after data showing the U.S. economy grew at its weakest pace in three years in the first quarter gave traders a reason to cash recent gains. "GDP was a little bit light and that may be the cause of some weakness today," said Gary Bradshaw, portfolio manager at Hodges Capital Management in Dallas.

  • The company's shares, which were priced at $15, opened at $13.50, giving the company a market value of about $2 billion. Phoenix- based Carvana sells cars through its website and allows customers to pick them up from automated "vending machine" towers located in U.S. cities including Austin and Dallas in Texas, and Nashville, Tennessee. "We're going to stay focused on...

  • Houston oilfield services company Baker Hughes Inc. said Friday that 697 rigs sought oil and 171 explored for natural gas this week. Texas added 11 rigs, Oklahoma gained three and Wyoming gained one. Alaska, Arkansas, California, Colorado, Kansas, Louisiana, North Dakota, Ohio, Pennsylvania, Utah and West Virginia were unchanged.

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a milestone Wall Street...

  • WASHINGTON, April 28- The U.S. House of Representatives on Friday overwhelmingly passed stopgap legislation to avert a government shutdown at midnight and buy time on reaching a deal on federal spending through the end of the fiscal year. The legislation now goes to the Senate, where Republican leaders hope to take it up later in the day, approve it and send it to...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil and liquefied natural gas expansions. Chevron swung to a $2.68 billion quarterly profit and turned cash flow positive, earning more than it spent, a...

  • The company's shares, which were priced at $15, opened at $13.50, giving the company a market value of about $2 billion. Carvana sells cars through its website and allows customers to pick them up from automated "vending machine" towers located in U.S. cities such as Austin and Dallas in Texas, and Nashville, Tennessee. However, the company's net loss widened to $93.1...

  • WASHINGTON, April 28- The U.S. House of Representatives began debate on Friday on short-term legislation to avert a government shutdown at midnight and buy some time on reaching a deal on federal spending through Sept. 30. If the measure passes the House, as expected, the Senate would be prepared to take up the bill immediately in the hopes of approving and sending...

  • HOUSTON, April 28- Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat Wall Street's profit expectations on Friday, a sign the oil industry has regained its footing after a two-year price spiral. Looming over the large international oil companies, though, is uncertainty over whether the Organization of the Petroleum Exporting Countries...

  • HOUSTON, April 28- Oil producer Chevron Corp posted a better-than-expected quarterly profit on Friday due to cost cuts, asset sales and rising crude prices. Chevron posted net income of $2.68 billion, or $1.41 per share, compared to a loss of $725 million, or 39 cents per share, in the year-ago period. Production rose 0.4 percent to 2.67 million barrels of oil...

  • HOUSTON, April 28- Exxon Mobil Corp, the world's largest publicly traded oil producer, posted a better-than-expected quarterly profit on Friday, helped by rising crude prices and cost cuts. Net income jumped to $4.01 billion, or 95 cents per share, from $1.81 billion, or 43 cents per share, in the year-ago quarter. The company gobbled up acreage and reserves across...

  • The Irving, Texas, company earned $4.01 billion, or 95 cents per share, for the three month period, up from $1.81 billion, or 43 cents per share, a year earlier. Exxon's revenue surged to $63.29 billion from $48.71 billion, but fell short of the $64.35 billion that analysts polled by Zacks were calling for. Shares of Exxon Mobil Corp. rose 76 cents to $82.02 in Friday...

  • SAN ANTONIO _ Valero Energy Partners LP on Friday reported first-quarter net income of $58.1 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. Valero Energy Partners shares have climbed nearly 7 percent since the beginning of the year.

  • HOUSTON _ Phillips 66 on Friday reported first-quarter earnings of $535 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON, April 28- Tiffany Cartagena said she was eating with her mixed-race girlfriend at a restaurant in Ohio last month when she heard nearby diners remark about the "monkey" at the next table. As Trump nears his 100th day in the White House after a campaign punctuated by his inflammatory comments about Muslims and immigrants, a number of Americans say U.S....

  • HOUSTON _ LyondellBasell Industries on Friday reported first-quarter net income of $797 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.33 per share. LyondellBasell shares have increased almost 2 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed almost 7...

  • HOUSTON _ Cabot Oil& Gas Corp. on Friday reported first-quarter net income of $105.7 million, after reporting a loss in the same period a year earlier. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. Nine analysts surveyed by Zacks expected $471.6 million.

  • HOUSTON _ Group 1 Automotive Inc. on Friday reported first-quarter earnings of $32.7 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.71 per share. Three analysts surveyed by Zacks expected $2.58 billion.