oil companies

One of the world’s leading oilfield services companies Schlumberger NV (NYSE:SLB), better known as SLB, is reportedly expanding its operations in Russia. This comes at a time when its major Western rivals are exiting the market due to Moscow’s aggressive invasion of Ukraine. What...

U.S. oil company stocks are rallying in Wednesday's session, with the Energy Select Sector SPDR Fund (ARCA: XLE) up 2%, fueled by a 3.4% increase in WTI crude oil prices as a result of a confluence of positive headlines over the past few weeks. On Monday, the U.S. Department of Energy announced...

The Qraft AI-Enhanced U.S. Large Cap Momentum ETF (NYSE: AMOM) has bet on Exxon Mobil Corp (NYSE: XOM) and Chevron Corporation (NYSE: CVX) during November, both fresh additions to the fund’s portfolio. The ETF, actively managed by artificial intelligence, seeks to invest in U.S. large-...

President Joe Biden on Monday lambasted energy companies, saying that they had a responsibility to act beyond the interests of their executives and shareholders with the "historic" profits made from the recent surge in oil prices. What Happened: Biden said oil...

A new partnership between a leading oil company and an electric vehicle charging infrastructure company was announced Monday. Here are the details of the deal and what it means for diversification in the space. What Happened: Oil company BP PLC (NYSE: BP) announced a multi-year contract with...

The leading oil producer in the U.S. is exploring using excess natural gas for cryptocurrency mining. Here’s the latest. What Happened: A pilot program was launched by Exxon Mobil Corp (NYSE: XOM) in January 2021. The company is running it in North Dakota using excess natural gas to...

A bullish case can now be made for Baker Hughes A GE Co (NYSE: BHGE), while the bullish case for Weatherford International plc (NYSE: WFT) no longer applies, according to PiperJaffray. The Analyst PiperJaffray's Bill Herbert upgraded Baker Hughes' stock from Neutral to...

Rex Tillerson, the former CEO of oil giant Exxon Mobil Corporation (NYSE: XOM) and President-elect Donald Trump's pick for secretary of state, is worth as much as $400 million, according to a Bloomberg report citing a public disclosure filed with the U.S. Office of Government Ethics on Wednesday....

Oil stocks are more under the spotlight than they have been in months given oil prices trading below $40 a barrel and an overall underwhelming earnings performance. Paul Cheng of Barclays was active this week updating his view and outlook for many names in the oil sector. Chevron Offers A...

Royal Dutch Shell plc (ADR) (NYSE: RDS-A) is an oil company, right? If you ask the company's CEO Ben van Beurden this question the answer is a straight up no. According to a report by Bloomberg, Shell's CEO said the company that he oversees is more of a gas company than oil company. Near Australia'...