Integrated Oil & Gas

BP (NYSE: BP) announces resolution of Federal civil claims. BP has reached an agreement with the U.S. Department of Justice to settle the federal civil suit that arose from the Prudhoe Bay oil transit line leaks in March and August of 2006...

Petrobras (NYSE: PBR) CEO States Offshore Regulations Are Stronger In Brazil Than in U.S. Gulf

All eyes turn to the Non Farm Payrolls number this coming Friday. The market is looking for continued positive readings on job creation. Lately, the market has been perplexed by higher Jobless Claims, last week hitting 426,000. This number is a sharp jump from a month ago when Jobless Claims were...

Oil stocks have nowhere to go but down. That was the analysis given last week in an article on this very blog. At this time, Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM) were trading at their double top, 52 week highs. This hypothesis was based on the current price of oil...

BP (NYSE: BP) Unit will pay $25 million to settle U.S. environmental case says Bloomberg.

EPA: Federal Officials To Announce Oil Spill Settlement With BP (NYSE: BP), Reported By Bloomberg

Murphy Oil (NYSE: MUR) will be reporting first-quarter 2011 results Wednesday afternoon. Analysts are looking for the oil refiner to announce that per-share earnings rose 23.0% from a year ago to $1.00. The consensus estimate has risen in the past 60 days from $0.85. Analysts also expect to see...

Marathon Oil (NYSE: MRO) Reports EPS of $1.65 vs. $1.44 Estimate; Revenues $21.07B vs. $21.84B Estimate

Suncor Energy (NYSE: SU) Board of Directors has approved an increase in the company's quarterly dividend to $0.11 per share on its common shares, from the previous level of $0.10 per share.

Suncor Energy (NYSE: SU) Reports EPS of $0.65 vs. $0.63 Estimate

Marathon Oil (NYSE: MRO) is presenting its Q1 earnings on Tuesday before the bell. Analysts are expecting earnings of $1.42 per share, which is 30% higher than the same period last year. Shares of Marathon are currently trading at $53.41, which is slightly below their 52-week high of $54.33 set on...

Legg Mason Inc (NYSE: LM) is expected to report its Q4 EPS at $0.45 on revenue of $712.27 million. Mastercard Incorporated (NYSE: MA) is projected to report its Q1 EPS at $4.10 on revenue of $1.46 billion. Las Vegas Sands Corp (NYSE: LVS) is expected to report its Q1 EPS at $0.44 on revenue of...

Bloomberg reports that the Conoco (NYSE: COP) Wilmington refinery reports a power outage and shutdown.

Marathon Oil (NYSE: MRO) is on tap to report first-quarter 2011 earnings tomorrow morning, May 3. Analysts expect the company to announce that per-share earnings rose 69.4% from a year ago to $1.44. Note that the consensus estimate was $1.08 just 60 days ago. Revenue for the quarter is expected to...

The markets are fading off the highs as a master level at $137.10 - $137.15 was hit on the SPDR S&P 500 ETF (NYSE: SPY). This looks like it may be a short term top in the markets. Stocks helping support the markets and keep them positive are International Business Machines Corp. (NYSE: IBM) and...