Total’s (NYSE:TOT) main business today may be oil and gas, but it’s making aggressive moves to become a leader in renewable energy as well. Late last week, CEO Patrick Pouyanne said Total was ready to build 10,000 megawatts (MW) of solar power plants in France, enough to power 1.64 million homes, over the next 10 years.
If it follows through on that plan, Total will become one....More>>>
June 26, 2018: The S&P 500 closed up 0.2% at 2,722.96. The DJIA closed up 0.1% at 24,281.07. Separately, the Nasdaq was up 0.4% at 7,561.63.
Tuesday was a positive day for the broad U.S. markets with each of the major exchanges recovering, if only slightly, from Monday. Crude oil was pushed much higher in the session, retreating over $70. The S&P 500 sectors were split down the middle.....More>>>
In the energy business, it is all about cash flow. Too many energy firms today have forgotten that simple fact. They finance their drilling with debt, then bow to Wall Streets insistence that they return profits to investors with dividends and share buybacks.
Thats an OK plan if you are Exxon (NYSE:XOM) or Chevron (NYSE:CVX) and you enjoy the kind of rating from Moodys, S&P, and Fitch....More>>>
Former Venezuelan oil minister Rafael Ramirez, already accused of corruption by his own country, now faces a lawsuit from a Houston energy firm alleging that it lost almost half a billion dollars over its refusal to pay bribes for contracts.
Harvest Natural Resources Inc. said that because it rebuffed four separate $10 million bribe demands from associates of Ramirez, Venezuela’s power....More>>>
Malaysia’s stock benchmark slid for a fourth day, erasing its advance for 2018, after the government said national debt was higher than previously disclosed due to some masking of accounts by the previous administration.
The FTSE Bursa Malaysia KLCI Index fell 1.4 percent to 1,778.41, the lowest since Dec. 27, as of 10:33 a.m. in Kuala Lumpur. It had slumped as much as 2 percent. The....More>>>
SAUSALITO, Calif. Maurizio Reggiani, the director of research and development for storied Italian supercar builder Lamborghini, takes in the knife-edge lines of his latest creation, the $275,000 Huracan Performante. He is pleased.
“This car represents so much of what we are,” says Reggiani, who joined CEO Stefano Domenicali for a breakfast interview with USA TODAY Tuesday. “We....More>>>
On a day that OPEC actually announces a production cut, which is actually just announcing a formalized cut after previously announcing that a cut was coming, many of the top oil stocks have risen handily. Where the moves look really crazy is in the more speculative second-tier oil stocks which are either not as strong in the balance sheet or which are still down massively from their highs of 2014....More>>>
Oil tallied a third straight gain Wednesday, with U.S. prices settling at a five-week high and Brent at its highest since April, buoyed by a report from the International Energy Agency that showed global crude production fell for the first time in four months in August.
Traders also weighed weekly data from the U.S. government which revealed a smaller-than-expected rise in crude supplies,....More>>>
Source: ThinkstockMay 9, 2017: The S&P 500 closed relatively lower on the day at 2,396.84. Separately the DJIA closed lower at 20,974.61. The Nasdaq was actually up on the day at 6,120.59 hitting another intraday high.
Tuesday was another flat day for the markets, with oil giving back some of its Monday gains. Oil & gas stocks were largely down on the day contributing to the drop....More>>>
Shares of Bank of America (BAC), Citigroup (C) and JPMorgan Chase (JPM) are rising today, but not Wells Fargo (WFC) despite beating earnings forecasts this morning. Why? Evercore ISI’s John Pancari and team single out Wells Fargo’s exposure to energy:
Patrick T. Fallon/Bloomberg News
Wells Fargo reported 1Q16 EPS of $0.99. Ex gain on sale of Wells Fargo’s crop insurance....More>>>
7 Reasons Teslas Stock Should Continue To Appreciate
Tesla (TSLA) reported a wider than expected loss Wednesday after the bell, the biggest in the companys history. Teslas net loss for the quarter amounted to roughly $718 million, a considerable $4.22 cents a share.
Cal-Maine Foods (NASDAQ: CALM) released earnings on last Monday and missed expectations on earnings as well as on revenue. The revenue for 39 weeks ended was literally cut in half compared to 2016 revenue declined from $1.6 billion to $800 million, a net income of $316 million in 20
Music streaming service Spotify (MUSIC) will go public sooner rather than later. Reuters reported a valuation around $16 billion ahead of the expected IPO, while Fortune valued the company at $20 billion in September of this year. Apart from the numbers and the final valuation, Spotify going publ