Oil & Gas Refining & Marketing

Chevron (NYSE: CVX) has reached an agreement with Valero Energy Corporation (NYSE: VLO) to sell Chevron Limited, the entity that holds the 220,000 barrel per day Pembroke Refinery and other downstream assets in the United Kingdom and Ireland. The sale price is $730 million, plus an additional...

Alon USA Energy (NYSE: ALJ) today announced that its Board of Directors has approved the regular quarterly cash dividend of $0.04 per share. The dividend is payable on March 15, 2011, to stockholders of record at the close of business on March 1, 2011. Alon also announced plans to release its...

Pre-open moversUS stock futures are lower this morning, after the drop in Asian and European markets, due to worse-than-expected Chinese trade data. Futures on the Dow Jones Industrial Average dropped 47 points to 12,127.00 and futures on the S&P 500 stock index fell 7 points to 1,308.40....

Valero (NYSE: VLO), the largest U.S. refiner, is reportedly close to acquiring Chevron's (NYSE: CVX) Pembroke refinery in the U.K. for $2 billion, Bloomberg News reported, citing sources with knowledge of the matter. The deal could be made public as soon as Thursday morning. Chevron, the second-...

Goldman Sachs has a favorable fundamental view of CVR Energy's (NYSE: CVI) Coffeyville, Kansas, refinery and shareholder-friendly management. Goldman's updated six month sum-of-the-parts target price of $23 suggests 11% upside when incorporating our new target multiples for refining peers Frontier...

On CNBC's Fast Money, Tim Seymour said that investors should take a short position in Walter Energy, Inc. (NYSE: WLT), because of a decline in iron ore and coking coal prices. Walter Energy, Inc. (WLT) fell 1.59% in the regular trading session, and it dropped additional 1.20% in the after hours....

Ecopetrol S.A. (NYSE: EC) and Occidental de Colombia have reached an agreement giving Ecopetrol control of the Cano Limon-Covenas oil pipeline. The conditions in the association contract pertaining to the field remain unchanged.

Yesterday, we looked at some country-specific ETF winners and losers under the $100 oil scenario, highlighting Eastern Europe and Southeast Asia as two regions that have both potential winners and lossers thanks to high oil prices. Today, we're going to finish the list on a positive note by looking...

Valero Energy Corporation (NYSE: VLO) today announced that Bill Klesse, Chairman and CEO of Valero Energy Corporation, will present at the Bank of America Merrill Lynch Refining Conference on Thursday, March 10 at 11:15 a.m. Eastern Time.

Dahlamn Rose is out with a research report this morning, where it reiterates its Hold rating on Radio One Inc. (NYSE: WNR). The DR analysts noted that WNR shares have seen volatility over recent weeks given the company's combination of financial and operating leverage, with one refinery accounting...

On CNBC's Fast Money, Guy Adami said that Valero Energy Corporation (NYSE: VLO) posted a great quarter. He added that it seems that this stock is breaking out, but in order to do that it will have to jump above $30.50. He believes that Valero Energy Corporation (VLO) will manage to move above $30....

Cusick's Corner Prices continue to melt up. The shorts never showed up into the After Hours at key resistance areas. This grind higher is also putting a lot of pressure on the shorts, specifically those who shorted Tuesday, which is yet another short-term catalyst to the upside. I have the S&...

  The Cooper Companies, Inc. (NYSE: COO) today announced financial results for the fiscal first quarter ended January 31, 2011.   Revenue increased 13% year-over-year to $293.2 million. CooperVision (CVI) revenue up 13% to $243.6 million and CooperSurgical (CSI) revenue up 12%...

Cusick's Corner Dollar weak, Oil stable (for now) and the rest of the world readying to fight inflation -- the market is up across the board. The data both domestically and internationally is coming in better than expected, ramping up expectations of further upticks in employment and economic...

Ryan Vlastelica, Reuters Wall Street gains as jobs report offsets high oil NEW YORK (Reuters) – Stocks were slightly higher on Wednesday as strong labor market data offset the impact of continued high oil prices. Private employers added 217,000 jobs in February, according to the ADP Employer...