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Zacks News
BP (BP) Stock Moves -0.76%: What You Should Know
by Zacks Equity Research
BP (BP) closed the most recent trading day at $41.86, moving -0.76% from the previous trading session.
Trump Warns Iran for Drone Attack: Oil Stocks in Spotlight
by Nilanjan Banerjee
As the fate of crude exploration and production companies is positively correlated with the commodity price, the recent oil rally therefore perks up the crude weighted-stocks.
Norway's $1T Money Manager to Ditch Oil Stocks: Here's Why
by Nilanjan Choudhury
Norway's $1 trillion sovereign wealth fund maintained that the decision was prompted by financial considerations and is not an ethical drive.
Stock Market News For Jun 21, 2019
by Zacks Equity Research
The S&P 500 hit a new record-high on Thursday as investors??? appetite for risky assets like equities were bolstered by the Fed???s indication that a rate cut was likely this year.
Factors That Make Chevron (CVX) an Enticing Investment Pick
by Nilanjan Banerjee
Strong Permian focus, handsome dividend payment and robust financials make Chevron (CVX) an enticing stock now.
BP (BP) Gains But Lags Market: What You Should Know
by Zacks Equity Research
In the latest trading session, BP (BP) closed at $41.09, marking a +0.02% move from the previous day.
ExxonMobil, SABIC Eyes Texas Petrochemical Unit Construction
by Zacks Equity Research
ExxonMobil (XOM) expects the construction of new petrochemical complex in Texas to commence in third-quarter 2019.
TOTAL in Talks, Might Buy 30% of Adani Gas for $800M
by Zacks Equity Research
Per a media report, TOTAL (TOT) might acquire 30% interest in Adani Gas, and benefit from rising demand of natural gas in India.
BP (BP) Gains But Lags Market: What You Should Know
by Zacks Equity Research
BP (BP) closed at $41.23 in the latest trading session, marking a +0.4% move from the prior day.
BP (BP) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
BP (BP) closed the most recent trading day at $41.61, moving +1.39% from the previous trading session.
Chevron to Make IMO 2020 Low-Sulfur Fuel Available by Q3-End
by Zacks Equity Research
Chevron's (CVX) complex refineries are expected to rake in profits once the IMO 2020 regulation takes effect.
Stock Market News For Jun 6, 2019
by Zacks Equity Research
U.S. stocks rallied for the second successive days on expectations that the Fed will reduce benchmark interest rate within next 2-3 months.
ExxonMobil to Redevelop Block 15 Offshore Angola, Grow Output
by Zacks Equity Research
ExxonMobil (XOM) expects the redevelopment deal with Angola to optimize recovery and increase output from mature fields.
Shell to Ramp Up Buybacks & Dividends on Growing Cash Pile
by Zacks Equity Research
Shell (RDS.A) expects free cash flows from global operations to increase around $35 billion per year by 2025, provided Brent crude stays around $60/barrel.
BP to Redirect Focus From Oil Assets in Egypt to Gas Reserves
by Zacks Equity Research
Since BP considers Egypt a core region for conducting upstream operations, the company is preparing to allocate an additional $3 billion over the next two years.
Chevron (CVX) to Sell North Sea Assets to Delek Group for $2B
by Zacks Equity Research
While Chevron's (CVX) latest move will help optimize portfolio & enable it to focus more on U.S. shale assets, Delek Group will get closer to the aim of becoming a global offshore oil/gas powerhouse.
Shell (RDS.A) Starts Appomattox Production Ahead of Schedule
by Zacks Equity Research
Shell (RDS.A) manages to lower the cost of Appomattox by 40% since the final investment decision on the project in 2015.
EVs are the Road to the Future, Big Oil Hears the Message
by Rimmi Singhi
The fact that the electric effect is in full force with EVs on track to dominate the market in the future has sent a clarion call to the energy industry as well.
Is BP plc (BP) a Suitable Stock for Value Investors Now?
by Zacks Equity Research
Let's see if BP plc (BP) stock is a good choice for value-oriented investors right now from multiple angles.
Outlook for Oil & Gas Integrated International Industry Dull
by Nilanjan Banerjee
The possibility of natural gas price remaining low is likely to hurt the integrated companies' upstream businesses.
KBR Wins Contract Extension for Greater Tortue Ahmeyim Project
by Zacks Equity Research
KBR is set to provide engineering, procurement and construction management services for phase 1 of the Greater Tortue Ahmeyim Project.
Oil & Gas Stock Roundup: Shell, BP & ConocoPhillips Post Q1 Earnings Beat
by Nilanjan Choudhury
European oil majors Royal Dutch Shell (RDS.A) and BP plc (BP), as well as energy explorer ConocoPhillips (COP) reported better-than-expected first-quarter earnings.
Shell (RDS.A) Rides on Gas Unit to Q1 Earnings Outperformance
by Nilanjan Choudhury
Royal Dutch Shell (RDS.A) will repurchase $2.75 billion worth of shares up to Jul 29 in the fourth installment of its three-year $25 billion buyback program.
Fundamental Market Overview: Equities, Oil Prices, Interest Rates, Gold Prices and More
by Daniel Laboe
The S&P 500 just bounced off another all-time high today. Oil has been rallying with the equity market since the beginning of the year. The Federal Reserve kept interest rates untouched as their two day meeting came to an end today. The US dollar has been getting stronger over the last 52-weeks. Gold is down 6.5% since its high in mid-February.
BP Beats Q1 Earnings Estimates on Key Upstream Projects
by Zacks Equity Research
Oil equivalent volumes from key upstream projects along with increased contributions from fuels marketing businesses back BP's better-than-expected Q1 earnings.