Oil and Gas
Integrated Oil and Gas
BEIJING/ MOSCOW, Oct 17- As part of its recent $9.1 billion investment in Russian oil giant Rosneft, little-known CEFC China Energy will have access to up to 260,000 barrels per day of Russian oil- giving it the sort of market clout to potentially challenge dominant Western oil traders like Vitol. For China, the world's top crude importer, having access to Russian...
HOUSTON, Sept 29- Activist investors are taking aim at U.S. shale producers, the companies most responsible for turning the nation into a global energy powerhouse, pushing them to stop rewarding executives for spending billions of dollars on new wells when crude prices are depressed. It could help the Organization of the Petroleum Exporting Countries, Russia...
Chevron Vice Chairman Michael Wirth will take over as chief executive officer and chairman of the board in February.
HOUSTON, Sept 8- The world's largest oilfield services company, Schlumberger NV, is spending billions of dollars buying stakes in its customers' oil and gas projects- investing in the same ventures it supplies with equipment and expertise. The new business model gives Schlumberger a say in drilling decisions, oilfield management and even on hiring other...
Exxon's CEO says he hopes to restart the second largest U.S. refinery and is taking steps to make sure Floridians have fuel for Irma.
Index giant Vanguard Group for the first time has voted against Exxon Mobil management over climate change reporting.
A Harvard study found that Exxon acknowledged humans' role in climate change in research and communications but sowed doubt in ads.
Chevron appears poised to name Vice Chairman and refining specialist Michael Wirth as the oil major's next CEO.
Aug 21- U.S. biofuels regulations, which mandate mixing corn-based ethanol into gasoline, have lately drawn together a diverse cast of political opponents. They include an upstart gas station owners' trade group, a former Obama administration environmental adviser and billionaire activist investor Carl Icahn, who owns a refiner and served as U.S.
NEW YORK, Aug 17- BlackRock Inc's largest mutual fund hiked its exposure to "select names" in energy as the sector has lagged this year, one of its portfolio managers said on Thursday. "The underperformance of energy stocks even as oil prices have stabilized creates opportunities for investors," wrote Russ Koesterich, a manager of the $39 billion BlackRock Global...
CALGARY, Alberta, Aug 14- Canadian integrated oil company Husky Energy Inc said on Monday it is buying a refinery in the United States from Calumet Specialty Products Partners LP for $435 million in cash. Husky produces primarily heavy oil from oil sands and conventional operations in western Canada and the deal will help it manage exposure to depressed global...
Chevron on Friday reported quarterly revenues that beat Wall Street's expectations and profits that rose from a year ago.
July 28- Imperial Oil Ltd reported a smaller second-quarter loss as Canada's No.2 integrated oil producer and refiner benefited from a surge in oil prices. North American oil producers are slowly gaining from a jump in global crude prices as an OPEC- led production cut and a rebound in demand slowly erode a global glut. The company posted a net loss of C $77 million,...
Exxon Mobil reported earnings that fell just short of analysts expectations but nevertheless doubled from the same period last year.
Exxon Mobil's net asset value looks attractive compared with peers, and its dividend yield is high compared to the S&P 500, Barclays said.
ISS urged investors to reject Exxon Mobil's executive compensation plan, saying it is out of step with market standards and lacks clarity.
April 28- Imperial Oil Ltd, Canada's No.2 integrated oil company, reported a quarterly profit on Friday, compared with a year-ago loss, helped by higher global crude prices and a C $151 million gain from the sale of a property. Imperial, like other oil producers, gained from a 55 percent jump in global crude prices in the quarter, as an OPEC- led production cut and a...
Chevron CEO John Watson says he agreed with President Trump that a GOP border tax proposal is perhaps too "complicated."
Chevron reported a second straight quarter of profits, but low oil and gas prices dragged the company to an annual loss.
Investors should be overweight integrated oil companies, independent drillers and oilfield services, Evercore's Doug Terreson said.
