oil refiners

Oil major Exxon Mobil Corp (NYSE: XOM) is predicting every new passenger car sold globally by 2040 will be an electric vehicle, CNBC reported, citing CEO Darren Woods. What Happened: ExxonMobil estimates global oil demand in 2040 would be equivalent to what the world needed in 2013 or 2014,...

Energy is the worst-performing sector in the S&P 500 this year, but within the struggling group, there are some pleasant surprises. Among energy exchange traded funds, perhaps the most pleasant surprise is the VanEck Vectors Oil Refiners ETF (NYSE: CRAK). While CRAK's year-to-date gain of 7...

It could be a mixed bag this earnings season for oil investors. Barclays analyst Paul Cheng expects oil majors will beat earnings expectations in Q2, but refiners could come up short once again. Barclays projections are good news for oil majors investors, but Cheng notes consensus estimates are a...

Oil refiner stocks were the stars of the energy sector in 2015, but they have been absolutely crushed so far in 2016. While the Energy Select Sector SPDR (ETF) (NYSE: XLE) is up 11.3 percent this year, refiner stocks are averaging a more than 40 percent decline. Goldman Sachs analyst Neil Mehta...

This week is a big week for oil majors and refiners. The majority of the names under Goldman Sachs' coverage report Q1 earnings this week. Analyst Neil Mehta has been using three themes when picking stocks in the space: 1. Coastal refiners over mid-continent refiners 2. Canadian names with...