Petroleum industry
Federal regulators have given the go-ahead for a significant hike in the cost of transporting oil through the 800-mile-long trans-Alaska pipeline, with the five companies that own and operate the pipeline set to implement the increase. The companies claim that the rise in transportation costs is necessary due to declining
Petroleum industry
A report by the liberal advocacy group Union of Concerned Scientists alleges that ExxonMobil Corp. has funded a $16 million campaign to create doubt about the scientific underpinnings of climate change theory. The report claims that the company has given millions of dollars to 43 organizations that question the validity
Petroleum industry
Markets surged yesterday, driven by declining oil prices and solid earnings reports from top companies, pushing the Standard & Poor's 500-stock index towards its best month since 2003. The rally was led by Comcast, the cable operator, which exceeded analysts' forecasts and contributed to the Nasdaq composite
Petroleum industry
Google (NASDAQ:GOOG) hit a new all-time high of $491.96 in the first 15 minutes of trading, before pulling back to $485.00. Exxon Mobil (NYSE:XOM) also reached an all-time high, riding the momentum of a strong earnings report and guidance. ConocoPhillips (NYSE:COP) has seen increasing call
Petroleum industry
Retail sales for April have come in strong, with many retailers posting year-over-year sales increases. Wal-Mart Stores (NYSE:WMT) posted a 6.8-percent increase in same-store sales, while Costco (COST) and Target (NYSE:TGT) also reported better-than-expected same-store sales results. In contrast, oil prices slipped below $70 per barrel for
Petroleum industry
Winners of an essay contest sponsored by the Prince William Sound Science Center's Lingering Oil Education Project traveled around Prince William Sound to learn about the 1989 Exxon Valdez oil spill and its ongoing effects on the environment and local communities. The team, consisting of Marney Mallory, Zeben
Petroleum industry
ANZ Bank reported a record interim net profit of $1.81 billion, a 16 per cent increase on the previous corresponding period, while BHP Billiton named Mike Yeager as its new energy division boss. ABC Learning Centres requested a trading halt to raise $600 million for US expansion, and Cazaly&
Petroleum industry
Schaeffer's Investment Research has identified Exxon Mobil (NYSE:XOM), Intel (NASDAQ:INTC), GlaxoSmithKline (NYSE:GSK), and XM Satellite Radio (NASDAQ:XMSR) as key stocks generating significant chatter on Internet message boards. This "Street Chatter" report highlights the trading activity and potential pitfalls for each stock, including
Petroleum industry
Like thousands of others, Adam Plager lost his job and some of his retirement when Enron went bankrupt in 2001. However, unlike many former employees, Plager has no burning desire to see Jeff Skilling and former chairman Ken Lay spend the next 25 years in federal prison. Plager managed a
Petroleum industry
ExxonMobil's dedication to higher education in Florida was evident in 2005, as the ExxonMobil Foundation's Educational Matching Gift Program donated over $410,000 to 19 colleges and universities in the state. The program, initiated in 1962, matches gifts to higher education on a 3-to-1 basis and
Petroleum industry
The Zacks.com Brokerage Buy List portfolio includes stocks that are highly recommended by top brokerage firms, indicating their potential for long-term growth. Four stocks currently on this list, Eli Lilly (LLY), Exxon Mobil Corporation (XOM), General Electric (GE), and Wachovia Corporation (WB), have shown impressive performance in their latest
Petroleum industry
As the market approaches the close of the day on January 30, 2006, Schaeffer's S&P 500 Index Hot Stocks feature reports on the top-performing and bottom-performing stocks in the S&P 500 Index. This article will provide an in-depth analysis of the companies mentioned, including
