ConocoPhillips Delays Plans to Drill Off Alaska Coast
ConocoPhillips Alaska says it will delay its 2014 plans for exploratory drilling in the Arctic Ocean off Alaska's northwest coast.
ConocoPhillips
The Big Companies Paying the Most in Taxes -- and the Least
The federal corporate tax rate is 35% but that's not what most big companies pay, and the disparities can be huge: Some pay billions, while others pay nothing.
Big Oil Isn't as Profitable as Everyone Thinks
Americans spend a lot of money on oil: about $632 billion a year. And the big oil producers report eye-popping annual profits, like ExxonMobil's $41 billion in 2011. Numbers like that may make you feel like we're getting robbed at the pump ... but it's not that simple.
The Global 500: No Borders, No Boundaries
Despite financial turmoil in Europe and disasters in Japan, the world's largest corporations had record profits and revenue in 2011. Where on Earth will the growth come from next?
The 2011 Fortune 500: The Big Boys Rack Up Record-Setting Profits
Given the sluggish recovery and a strapped consumer, you'd expect to see corporate America trudging along, not racing for glory. In fact, the Fortune 500 are thriving as a group.
10 Firms in the 'Ultimate Stock Pickers' Portfolio
There's a lot of overlap among the holdings of Morningstar's 26 highly rated funds, and these 10 stocks top the list. So if you want to follow the pros, consider these -- all of them mega-cap stocks and ultra-conservative buys.
How to Heat Your Home for Free (or Profit) This Winter
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.
Billionaire Warren Buffett Earned $62,855,038 in 2010
Billionaire investor Warren Buffett revealed Tuesday that his adjusted gross income last year was $62,855,038. His taxable income was $39,814,784. Buffett said he paid $15,300 in payroll taxes.
Big Oil Taking Small Steps Toward Big Renewables Profits
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.
With Big Oil Stocks Riding High, It's Time to Take Profits
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.
Week in Preview: The Earnings Crunch Rolls On
Dozens of companies report earnings this week, and analysts surveyed by Thomson Reuters are anticipating lots of strong quarterly reports. Among those posting improved results should be Microsoft and Visa. However, likely to post losses are Office Depot and Sprint Nextel.
What Buffett's Buying: A Stake in Fiserv, More J&J
The latest quarterly filing from Warren Buffett's Bekshire Hathaway shows what changes the Oracle of Omaha made to his portfolio. What led him to buy into payment processor Fiserv and raise his stake in J&J?
Oil Giants Create $1 Billion Rapid Response Venture
Four of the world's largest oil companies are forming a joint venture to create a rapid-response system to capture and contain oil spills in the deep waters of the Gulf of Mexico.
Congress to Oil Execs: Can We Trust You?
Executives from the nation's largest oil companies will be on Capitol Hill on Tuesday morning to testify before lawmakers about the safety of offshore oil drilling and future U.S. energy policy.