Integrated Oil & Gas

Cusick's Corner Thanks Uncle Ben. The Fed chief spoke and the market interpreted his comments as well, bullish (QE3?). You got to love expiration week, the week when anything can happen. Back when I was on the trading floor, during Expiration week we wanted risk tied up by Wednesday so that if we...

It appears that a fire has broken out on a BP (BP) run platform in the North Sea which is partnered with Hess (HES).  This comes after last week we saw that TransOcean (RIG) had a leak on one of its platforms (See Article Here).  According to sources, the fire was extinguished within a half...

As the markets shoot higher on QE3 prospects, many stocks are outperforming or look ready to blast higher. Let's take a look at a few. First, notice how the U.S. Dollar is collapsing today. This is helping commodity stocks rocket higher. Chevron Corporation (NYSE: CVX) is trading at $106.29, +1.90...

ConocoPhillips (NYSE: COP) provides additional information in regards to the oil spill incidents that occurred in Bohai Bay, People's Republic of China on June 4th and June 17th 2011, and the ongoing clean up and containment program that is underway. On June 4 seepage on the seabed was observed...

The major stock indexes have caught an early bid higher this morning. Many Investors and traders are likely thinking that Ben Bernanke will say something positive when he begins his Humphrey Hawkins testimony this morning. Yesterday afternoon, the major stock market indexes jumped higher when...

File this one under "no rest for the righteous". Fresh off the release of military and military-contractor info gained from Booz Allen Hamilton (NYSE: BAH), hacker/freedom-fighter group Anonymous announced two more operations today. One, #OpMonsanto, is a protest against Monsanto (NYSE: MON) to...

“2Q EPS estimate raised to $3.91 versus our $3.89 per share preliminary estimate,” Benchmark wrote in a report focusing on Chevron (NYSE: CVX). “Upstream earnings essentially in line as higher average price realizations offset lower than expected oil/gas production. Downstream earnings stronger...

Halliburton (NYSE: HAL) announced today that it has been awarded a contract from Chevron (NYSE: CVX) for integrated services for shale natural gas exploration in Poland. Work on Chevron Polska's initial shale gas exploration drilling program is expected to begin in the fourth quarter and the...

According to J.P. Morgan, Marathon Oil (NYSE: MRO) Neurtral rating is maintained. J.P. Morgan said that it is updating its estimates and price target for MRO following the company's corporate split. “We have also adjusted our YE2011 price target to $35/share, reflecting the value of the upstream...

ExxonMobil (NYSE: XOM) Pipeline Company provided the following update as Unified Command cleanup operations continued Wednesday following a release of oil into the Yellowstone River on July 1. Under the direction of the Unified Command, almost 700 people are now involved in the response and...

JP Morgan has lowered the price target on Marathon Oil (NYSE: MRO) from $55 to $35 and maintains its Neutral rating.

This afternoon, the Federal Reserve released their minutes from the June meeting. Apparently, some voting members from the Federal Reserve suggested that the stock markets needed more stimulus. Well, this Fed rumor lead to a drop in the U.S. Dollar and spike in the major stock market indexes....

In the span of just eight days in May, Russell Investments, the firm that lends its name to so many indexes that a plethora of popular ETFs track, went from an issuing just one ETF to being the sponsor of 17 funds. Such is life when a firm rolls out an average of two news funds per day for eight...

After the close, Chevron (NYSE: CVX) released its 2Q11 interim update, Societe Generale reports. “Based on the operational update and insights into two months of realized upstream pricing, we are increasing our 2Q11 estimate to $2.58/share from our previous estimate of $2.52/share,” Societe...

Deutsche Bank reiterated its Hold rating on Chevron (NYSE: CVX). At the moment, Deutsche Bank has a price target of $115 placed on the company's stock. On Monday, Chevron lost 1.4% of its value to end the day at $104.41. Its shares edged a bit higher in today's pre-market trading, rising 0.03% to $...