Exxon's Quarterly Profit Edges Up as Energy Production Slumps
Exxon Mobil's quarterly profit edged up, as the world's largest publicly traded oil company's results were helped by higher earnings in its chemicals business.
oil
Drop in Gas Prices A Boon for Drivers and the Economy
A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive.
Halliburton Posts Q1 Loss Related to Gulf Oil Spill
Oil-services company Halliburton says it lost $18 million in the first quarter on litigation-related charges related to the 2010 Gulf of Mexico oil spill.
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.
Crackdown on Sulfur Could Boost Gas Prices 9 Cents a Gallon
Reducing sulfur in gasoline and tightening emissions standards on cars beginning in 2017, as the Obama administration is proposing, would come with costs as well as rewards.
5 Sensible Ways to Combat Inflation in Retirement
Inflation may not feel like much when you are working, but it can have a significant impact on the buying power of your retirement savings. These adjustments can help you to minimize inflation's bite.
Energy Independence by 2020? Maybe -- But It Wouldn't Last
The International Energy Agency claims in its World Energy Outlook that it is now possible for the United States to become energy independent by 2020. But it's also warning that any such energy independence would be short lived -- a message that has been lost on most analysts.
U.S. May Soon Become World's Top Oil Producer
U.S. oil output is surging so fast that the United States could soon overtake Saudi Arabia as the world's biggest producer. "Five years ago, if I or anyone had predicted today's production growth, people would have thought we were crazy," says one expert.
Oil Price Soars on Supply Jitters
The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea.
Alaskans to Get $878 in Yearly Oil Wealth Payout
Buy an iPhone 5 or replace the leaky rain gutters? Splurge or save? Ah, the tough choices that befall Alaskans every year, when they get their dividend checks from the state's oil savings account just for living here.
Why These 11 State Economies Are America's Fastest Growing
In 2011, the U.S. economy grew by 1.5% -- slow, but enough to show the country is moving in the right direction. Driving that growth were a handful of sectors, and these 11 states.
Obama Seeks to Confront Oil Market Manipulation
Under pressure to take action on rising gasoline prices, President Barack Obama wants Congress to strengthen federal supervision of oil markets, increase penalties for market manipulation and empower regulators to increase the amount of money energy traders are required to put behind their transactions.
Was That Another Fracking Earthquake?
Feeling the earth move under one's feet can be unsettling, even in places where it's a natural and fairly common occurrence. But far more disconcerting is when major tremors in places unaccustomed to earthquakes can be traced to human causes like fracking.
Why Are LEGOs So Expensive?
It's a question that echoes across the Internet, on blogs and message boards, and in the content of a specialty wiki called Brickipedia: "Why are Legos so expensive?" Our search for an answer starts in Denmark, and ends in the playrooms of countless children around the world.
Oil Falls as Worries About Europe Debt Crisis Continue
Concerns about the European financial crisis are still dragging down the price of oil. Benchmark crude for July delivery fell 32 cents to $92.69 per barrel in Monday midday trading. All eyes remain on Greece, which is trying to implement tough new austerity measures necessary to keep international aid coming.