BP
How to Heat Your Home for Free (or Profit) This Winter
12:45PM 1/24/2012
Energy, Investing, Exxon Mobil, BP, Chevron, ConocoPhillips, Economizer
Like they say: If you can't beat 'em, join 'em. With the price of home heating oil on the rise, and likely to go on rising due to global politics, now might be a good time to place a bet on oil to hedge against the costs of keeping the homestead warm.
BP has big problems, and not just because of the Gulf of Mexico oil spill and the $20 billion compensation fund it set up to pay the victims.
The petro-giant has been missing Wall Street's profit targets lately, thanks to sloppy operations and a general trend toward lower gasoline consumption.
9 CEOs Who Need to Be Fired
6:30AM 8/08/2011
Company News, Columns, People, Earnings, JP Morgan Chase, Google , Research In Motion, Sprint Nextel Corp, Boeing, Blockbuster, Verizon, Amazon.com, New York Times Co, Citigroup, J Crew, Cisco Systems, BP, Best Buy
Last year, 24/7 Wall St. put together a list of CEOs who need to retire, basing its judgment on quarterly earnings, stock price, and innovation. Now, with most large public companies having reported their second quarter results, 24/7 is back with a list of nine CEOs who are performing so poorly that they ought to be removed immediately. Read on to find out who, and why.
Big Oil Taking Small Steps Toward Big Renewable Energy Profits
3:00PM 7/19/2011
Energy, Exxon Mobil, Stock Picks, BP, Stocks in the News, Chevron, ConocoPhillips
The oil industry giants are embracing alternative technologies -- including biofuels, geothermal and solar. Right now, renewable sources provide only a tiny fraction of the profits they derive from oil and gas, but they'll have a real impact on the revenues of majors like BP, Exxon Mobil and Chevron in the not-so-distant future.
Ease Pain at the Pump With Gas Station Credit Cards?
6:30AM 5/12/2011
Energy, Company News, Economy, Exxon Mobil, American Express, Costco, Credit, BP
The average American family will spend about $825 more for gas in 2011 than it did in 2010. But for every pain there is a pill, and in this case, a partial cure for the fill-'er-up blues may be to sign up for a gas station credit card. Done the right way, it can result in hefty savings. The key: paying off the balance at the end of each month.
With Big Oil Stocks Riding High, It's Time to Take Profits
6:30AM 4/28/2011
Energy, Economy, Investing, Earnings, Exxon Mobil, BP, Chevron, Market News, Investment
Exxon Mobil, Chevron and ConocoPhillips are all trading near multi-year highs, and even BP shares have done well recently. Still, while the high oil prices that have been pinching consumers have been great for the industry, there are good reasons not to count on those high stock values lasting.
BP Earnings Jump 16% on Asset Sales
7:43AM 4/27/2011
Company News, Investing, Earnings, BP, Stocks in the News, Market News
Oil giant BP has reported a 16% rise in first-quarter net profits as gains from the sale of major assets outweighed the ongoing costs of the Gulf of Mexico oil spill.
Cuba's Deepwater Oil Exploration Could Be a Game Changer
8:00AM 3/05/2011
The delivery of a Chinese-built, Spanish-backed offshore oil rig to Cuban waters has been delayed until summer. But when drilling does begin 90 miles off the Florida coast, it could mean a host of problems -- and opportunities -- on the energy and the political fronts.
Leaping Oil Prices May Call for Emergency Measures
5:40PM 2/21/2011
Worried about the sharp shock political unrest is giving to crude oil prices, international officials said oil-consuming nations have emergency reserves they can use to stabilize markets in case the violence in Libya and the wider Middle East escalates and crimps production.
BP has benefited from high oil prices and announced it would reinstate its dividend. However, while its fourth-quarter profit was up from a year earlier, the oil giant reported a full-year loss.
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