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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.
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.
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.
Oil industry practices and government rules must be subjected to substantial reform to prevent future accidents similar to BP's Deepwater Horizon oil rig disaster in the Gulf of Mexico last April, said a report released Tuesday by the presidential panel probing the incident.
Report: Alaska Pipeline Could Reopen Within Days
11:00PM 1/10/2011
Oil prices rose modestly, after spiking by almost $2 a barrel earlier Monday, on reports that an Alaskan pipeline that was shut down Saturday because of an oil leak will reopen within days.
Alaska Pipeline Shutdown Has Immediate Impact on Oil Prices
6:55AM 1/10/2011
BP (BP), ConocoPhillips (COP) and Exxon Mobil (XOM) have cut their oil production from Alaska's Prudhoe Bay field by 95% after a leak was discovered in the Trans-Alaska Pipeline. No one is certain how long the leak will take to fix. It appears to be in a concrete casing along the pipeline at the...
BP Station Owners See Business Rebound as Oil Spill Anger Fades
3:00PM 1/06/2011
Facing widespread calls for boycotts, owners responded by hammering home the message that the U.K. oil company doesn't own most of the retail locations that bear its name. Now as anger fades, business is coming back, and few owners ditched the brand.
BP Shares Jump on Reports That Shell Considered Merger Bid
7:08AM 1/04/2011
Shares of BP (BP) jumped to the highest level in six months on media reports that Royal Dutch Shell (RDS.A) considered bidding for the British company during the Gulf Oil disaster.
BP shares climbed 5% to 488.85 pence at 10:00 GMT, Reuters reported.
British newspaper The Daily Mail reported...
Costner Hit With Lawsuit Over Oil-Spill Cleaning Device
7:15PM 12/23/2010
Stephen Baldwin has sued fellow actor Kevin Costner over the sale of technology used to help clean the BP oil spill in the Gulf of Mexico. Baldwin says Costner owes him a share of an $18 million deposit that BP made as part of a larger purchase.
BP Shares Fall in London After U.S. Lawsuit
7:09AM 12/16/2010
BP (BP) shares fell the most in four months in London after the Obama administration sued the oil giant, saying it violated environmental laws during the Gulf oil disaster.
BP shares retreated by as much as 3.2%, the most since August, Bloomberg News said. As of 9:08am local time, the shares were...
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Next Page →Market Movers
| Symbol | Last | Change / % | Volume |
|---|
Most Actives
| 8.05 | -0.13 -1.59% | 55.20M | |
| 2.23 | +0.29 +14.69% | 39.51M | |
| 27.54 | -2.20 -7.40% | 9.02M | |
| 29.56 | -2.43 -7.60% | 8.76M |
% Gainers
| 35.62 | +11.72 +49.04% | 4.56M | |
| 2.23 | +0.29 +14.69% | 39.51M | |
| 10.50 | +1.10 +11.70% | 1.78M | |
| 84.74 | +8.35 +10.93% | 3.49M |
% Losers
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