oil and gas
oil and gas Articles
The number of U.S. land-based oil rigs rose by nine this week as six new rigs were added in the Permian Basin. Crude oil prices remained higher.
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In a new report on offshore energy production out to 2040, the International Energy Agency estimates capital spending needs to range between $4.6 and $5.9 trillion.
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The U.S. supply of natural gas in storage rose by 62 billion cubic feet last week and warmer -- but not hot -- weather is likely to depress demand in the coming week.
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While many analysts see a Permian Basin production decline coming, if a recent well that hit the jackpot is any indication, that pronouncement may be premature.
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U.S. crude oil stockpiles rose by more than 6 million barrels last week and gasoline stocks rose by more than 1 million likely due to lower export levels of both crude and refined products.
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These three exploration and production stocks are not overcrowded and offer good value for investors looking to add energy.
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Chesapeake Energy beat analysts' first-quarter profit estimate but came up short on revenues. The company also paid off a chunk of its still-massive debt and lifted its guidance for full-year...
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Oil supermajor BP reported better-than-expected revenues and profits for the first quarter of the year. The outlook for the second quarter was somewhat restrained however.
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With the Iranian nuclear deal unlikely to make it past the summer in many experts' minds, it may make sense to grab more energy stocks now, as Iran oil exports could drop meaningfully with renewed...
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The Baker Hughes land-based rig count total rose by eight this week. Five new rigs are out there looking for oil and three are searching for more natural gas.
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Chevron reported earnings that crushed the consensus estimate, but revenues fell short of expectations. Higher prices and rising production worked their magic for the company.
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Exxon Mobil's first-quarter results did not meet consensus expectations when the company reported results Friday morning. Higher oil prices were not enough to offset production declines.
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Exxon Mobil and Chevron are both expected to show higher revenues and profits, largely as a result of higher commodity prices. But there are other issues at play as well.
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The U.S. natural gas stockpile fell again last week during a time a year when it normally rises. But the decline was small and the stockpile should begin to rebuild this week.
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24/7 Wall St. is not counting Exxon and Chevron in its list of companies that have raised their dividends for 50 consecutive years quite yet, but that may change in the years ahead.
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