Tag Archive
Big Oil Slick – US-FOREX.US
Taking stock can sometimes lead to taking profit, especially for the oil industry. Total and Eni were the last of the big European majors to report quarterly earnings on Friday-with the exception of StatoilHydro-and the industry-wide pattern of slumping profits, falling production levels and crumbling refining margins were all on display. After a week of… »
Exxon Chevron Next Up – US-FOREX.US
Steep second-quarter profit declines aren’t over yet for the oil sector as Exxon Mobil reports second-quarter results on Thursday and Chevron releases its second-quarter report on Friday. By now the market is well-versed in the difficult year-over-year comparisons plaguing oil companies so far. During 2008’s second quarter crude oil traded at 125 a barrel, about… »
Recession Holds Down Oil Earnings – US-FOREX.US
The energy sector will get a look at two sides of the industry on Thursday when both Occidental Petroleum, an exploration and production oil and gas company, and Diamond Offshore Drilling, a drilling contractor, report second-quarter earnings.
Occidental Petroleum
is extremely well-positioned with its low exposure to the U.S. gas market, stable domestic production and growth opportunities… »
A Mideast Pipe Dream – US-FOREX.US
The story goes that the Nabucco pipeline project got its unusual name from Giuseppe Verdi’s opera, which the founding members of the project all trooped to see after their first meeting in Vienna. The six energy companies from Turkey, Romania, Bulgaria, Hungary, Austria and Germany evidently saw a parallel between the opera Nabucco-which tells of… »