U.S. stocks moved solidly higher Tuesday as investors welcomed a rise in U.S. manufacturing activity and a mixed batch of corporate earnings
Months after agreeing to a $160 million settlement, ConocoPhillips and China announced that the energy giant will pay an additional $191 million in the wake of oil spills last year in north China's Bohai Bay.
U.S. stocks were poised for a lower open Monday on concerns over European political uncertainty and another sign of a slowdown in the Chinese economy.
ConocoPhillips, the multinational oil and gas producer, announced plans Thursday to split into two stand-alone companies.
U.S. stocks were headed for slight gains at Thursday's open, despite a warning from Moody's of a possible downgrade to U.S. debt that is sure to weigh on markets.
Stocks followed commodities, rebounding from their lows to end higher Thursday afternoon.
Senate Democrats opened debate Wednesday on legislation to cut $21 billion in tax subsidies from big oil companies and use the money to reduce the federal debt -- a move designed to put Republicans on the defensive and capitalize on public anger over rising gas prices.
Flooding along the Mississippi River is driving up gas prices over fears that refineries could become inundated in coming weeks, especially as the flood heads downriver for Louisiana.
A hearing to discuss the future of national energy policy in the wake of the Gulf oil disaster got pretty ugly Tuesday.
The president of ConocoPhillips Alaska was killed in an avalanche and another person in his snowmobiling party is missing, according to Alaska State Troopers.
ConocoPhillips said Friday that it will trim 4% of its workforce, or about 1,300 employees, and scale back spending as the energy company struggles with plunging oil prices.
It would be tempting to say they told us so.
ConocoPhillips will sell the remainder of its gas stations in the United States, the company said Wednesday, though Conoco, Phillips 66, and 76 will continue to operate under those familiar signs
Blue-chip growth stocks are a great foundation for your portfolio because steady, superior earnings growth usually produces above-average returns.
Oil giant ConocoPhillips said Wednesday record crude prices helped its second-quarter profit dwarf year-ago results
It's 25 below outside, and the heat in the van is busted. Randy Boyer, a burly ConocoPhillips contractor in thermal coveralls, navigates the slick ice road. "This is nothing," he says, keeping his eye on the thin red line running down the center of the road. "The other week we had a whiteout, and I was stuck in my truck for 36 hours." Right now we're some 250 miles north of the Arctic Circle, and it's so white outside that the distant horizon appears to blend seamlessly into the blustery sky.
The oil industry is on the edge of a huge labor crisis.
1. Are record oil profits at an end?
Oil is selling for nearly $100 a barrel. Gasoline is near $3 a gallon. Oil companies are swimming in cash. But these record-high prices are both a boom and a burden for Big Oil.
U.S. stocks retreated early Wednesday amid continuing concern about the state of the nation's economy ahead of reports this week on employment and the service sector.
Oil prices eased near $72 a barrel Wednesday ahead of U.S. inventory data expected to show a build in domestic petroleum product stocks, but a drop in crude supplies.
Crude oil prices rose Tuesday, pulling out of a nosedive after news of refinery problems in the United States rekindled supply worries during the summer driving season.
U.S. stocks, led by tech issues, surged forward at Wednesday's open on the strength of earnings reports.
ConocoPhillips' said on Wednesday its second-quarter profit fell as it took a huge charge related to Venezuela's move to take over the company's operations in the country.
ConocoPhillips expects second-quarter oil and gas production fell from first-quarter levels due to scheduled maintenance in the North Sea, exiting from operations in Dubai, asset sales and seasonal dips in Alaska, the company said on Tuesday.
Wall Street began a shortened session Tuesday with some modest gains, as investors considered some acquisition news.
Oil prices turned higher Wednesday, gaining over $1, after the government said supplies of gasoline and distillates, used to make diesel and heating fuel, showed a surprise decline.
Exxon Mobil and ConocoPhillips rejected a deal to stay in multibillion-dollar projects that Venezuela is nationalizing, increasing the chances that two of the world's top oil companies will leave the OPEC nation, sources close to the talks said.
President Hugo Chavez pushed U.S. oil giants Exxon Mobil and ConocoPhillips out of Venezuela Tuesday in a nationalization drive the United States said could hurt its oil supply.
Oil prices fell nearly two percent on Tuesday amid expectations that stockpiles in top consumer the United States would continue to rise heading into the peak summer driving season.
Forty stock picks inspired by the greatest investors of all-time: From the deepest values to solid growth, these shares can make retirement dreams come true.
ConocoPhillips (COP) ranks no. 5 on FORTUNE's list of America's largest corporations.
Oil prices fell Wednesday after the government said growth in gasoline demand eased, refineries ramped up production and inventories were in line with estimates.
Oil prices rose slightly Wednesday, after posting solid earlier gains, as the government reported a big drop in gasoline supplies along with a simultaneous rise in demand.
Here's yet another sign that the debate over climate change has shifted decisively: ConocoPhillips today becomes the first U.S.-based oil company to support mandatory national regulation of greenhouse gas emissions.
On balance, blue chips rose over the past month. Six of the Sivy 70 moved by more than 10%. The big loser was ConocoPhillips, which suffered from the drop in oil prices. Big gainers included Genent...
A group of environmentally-minded investors with more than $200 billion in assets turned up the heat Tuesday on some of the country's biggest corporations - by publicly accusing them of not doing enough to address global warming.
Blue-chip stocks made broad gains in the four weeks that ended Dec. 15. Two Sivy 70 stocks rose more than 10%, while none were down that much. ConocoPhillips gained 13.7% as the price of oil turned...
The new Democratic-led House Thursday passed legislation aimed at "Big Oil" that would roll back some industry tax breaks and force energy companies to pay more drilling royalties, valued at $14 billion over 10 years.
Stock weakness throughout the world could hit Wall Street when trading begins Wednesday.
U.S. stocks opened little changed Thursday as investors sorted through December retail sales figures and awaited the monthly jobs report.
With oil prices and a housing bust threatening the economy, we discovered ten solid stocks that can still pack a punch.By Jon Birger and David Stires, Fortune
Bad omens abound. The falling dollar. The return of $60 oil. Detroit's woes. Iraq spiraling out of control. The fact is, there's no shortage of reasons to be wary about investing, including the rec...
Despite the choppy market over the past week, the Dow Jones industrial average has still rebounded more than 14 percent from this year's lows. Nonetheless, lots of blue-chip growth stocks remain unusually cheap.
Record oil prices in the third quarter won't necessarily translate into record profits at the nation's biggest oil companies.
Ron Baron doesn't suffer doomsayers gladly. Sitting in his sun-drenched office overlooking New York City's Central Park on an August afternoon, the 63-year-old founder of Baron Capital Group grudgi...
Gas prices tumbled 24 cents during the past two weeks to an average of $2.42 a gallon of self-serve regular, a national survey said Sunday, posting the third straight two-week decline.
Sunoco ranks no. 65 on Fortune's 2006 list of the 100 Fastest-Growing Companies. The Philadelphia, Pennsylvania-based company saw profits rise at a rate of 86% and revenues grow 33% with a stock return of 57% on average annually over the past three years.
Headwaters ranks no. 86 on Fortune's 2006 list of the 100 Fastest-Growing Companies. The South Jordan, Utah-based company saw profits rise at a rate of 41% and revenues grow 72% with a stock return of 21% on average annually over the past three years. The company ranked 58 on the 2005 list.
ConocoPhillips ranks no. 75 on Fortune's 2006 list of the 100 Fastest-Growing Companies. The Houston, Texas-based company saw profits rise at a rate of 107% and revenues grow 37% with a stock return of 37% on average annually over the past three years. The company ranked 41 on the 2005 list.
Oneok ranks no. 55 on Fortune's 2006 list of the 100 Fastest-Growing Companies. The Tulsa, Oklahoma-based company saw profits rise at a rate of 67% and revenues grow 118% with a stock return of 25% on average annually over the past three years.
RPC ranks no. 38 on Fortune's 2006 list of the 100 Fastest-Growing Companies. The Atlanta, Georgia-based company saw profits rise at a rate of 197% and revenues grow 28% with a stock return of 72% on average annually over the past three years.
Unit ranks no. 37 on Fortune's 2006 list of the 100 Fastest-Growing Companies. The Tulsa, Oklahoma-based company saw profits rise at a rate of 98% and revenues grow 67% with a stock return of 40% on average annually over the past three years.
Tesoro ranks no. 26 on Fortune's 2006 list of the 100 Fastest-Growing Companies. The San Antonio, Texas-based company saw profits rise at a rate of 119% and revenues grow 31% with a stock return of 121% on average annually over the past three years.
Holly ranks no. 14 on Fortune's 2006 list of the 100 Fastest-Growing Companies. The Dallas, Texas-based company saw profits rise at a rate of 96% and revenues grow 48% with a stock return of 93% on average annually over the past three years. The company ranked 54 on the 2005 list.
ConocoPhillips ranks no. 10 on FORTUNE's Global 500 this year, with $166.7 billion in revenues, up 37% from the previous year. The Houston, Texas-based company was ranked no. 12 on the 2005 list. Its 2005 profits were $13.5 billion, up 66.4% from a year earlier. 2005 was a banner year for most Global 500 companies.
ConocoPhillips Rank: 75 Ticker: COP Market value: $108 billion WHY IT'S HOT: High oil prices. ConocoPhillips is the nation's second-largest refiner and third-largest American oil company overall (behind ExxonMobil and Chevron). CHALLENGES AND OPPORTUNITIES: Almost 80 percent of Conoco's oil and gas reserves are in mature regions in North America and Europe, so CEO Jim Mulva needs to push into more resource-rich regions, such as Russia and the Middle East. This year, Mulva is spending $18 billion to finance new drilling projects, upgrade investment-starved refineries and make acquisitions, including increasing Conoco's stake in Russian oil producer Lukoil. But this can be risky - witness the charge Conoco had to take when Venezuela unexpectedly slapped higher taxes on foreign oil companies. And growing by acquisition is getting pricey. Critics say Mulva overpaid when he bought energy giant Burlington Resources last year for $35 billion, a deal that added $19 billion in debt. STOCK OUTLOOK: With a price-ear...
Only 33 percent of large firms (200-plus employees) offer them, half the proportion that offered them in 1988. Most experts think that dropoff will continue, which means that such benefits in any substantive form will just about disappear within several years.
We based this screen on what Benjamin Graham recommends for the "defensive investor" in his 1949 classic, The Intelligent Investor. Among other things, we insisted that each stock's price be no more than 15 times its average earnings per share over the past three years, and that the overall portfolio have a P/E of no higher than 13.
The last time we recommended a group of energy stocks - 17 months ago - the price of crude had fallen to $42 a barrel from a recent peak of $55 (see "Three Ways to Make Money in Energy Stocks").
Two stocks fell more than 5% last month: Abbott Laboratories and ConocoPhillips. The oil giant has bid to acquire Burlington Resources at a price that some analysts think rather high. Double-digit gainers include Anadarko Petroleum, an independent oil and gas producer similar to Burlington. Other big winners for the month were former tech star Dell, drugmaker Lilly and Limited Brands, the company that owns Victoria's Secret.
ed $100,000 a year to live on, but Page, a senior data analyst at energy giant ConocoPhillips, says he'll walk away at age 65 no matter what he's saved. "I am a realist," says Page, 45. "Whatever we have by then will be fine." ...
Stocks were mixed Monday, with technology the most upbeat, as investors kept an eye on rising oil prices and Treasury bond yields, and geared up for Tuesday's Fed meeting.
Stocks advanced Monday morning, as investors welcomed a proposed $30 billion merger in the oil industry and Viacom's purchase of DreamWorks, and shrugged off the latest rise in oil prices.
Stocks could get a lift Monday from some good corporate news, including labor agreements and merger talk.
Page and Tamara Herbert dream of retiring to a lake house on Vancouver Island, Canada, where Page can cook his famous barbecued brisket and Tamara can pursue photography. They calculate they'll nee...
Will oil shares continue to glitter?
We know what you're thinking: It's over. After a long run-up to $55 a barrel, oil prices have drifted back down to the low 40s. Prices may bounce around for a while--they always do. But buy energy ...
Stretching his feet through the bars of his cage, Mikhail Khodorkovsky rarely looks up from the book he's reading on the history of authoritarianism in Russia. The former CEO of Russia's largest oi...
Boy, oh, boy, earnings have been good so far. And they're expected to stay that way for the duration of the reporting period.
With all the turmoil in the Middle East, it's hardly surprising that the cost of crude is soaring and prices at the gas pump are setting highs.
With terror concerns rattling the stock markets again, two money managers appeared on CNNfn to suggest some stocks they believe will hold up under the latest round of selling.
After each earnings reporting season, I update my list of 70 top growth stocks. Although the Sivy 70 universe isn't intended to be a short-term buy list for traders, I do add and drop stocks from time to time as their long-term prospects change.
SEVEN STOCK PICKS 71 FUNDS THAT PAY 72 RETHINKING INCOME 73 COPING WITH LOW YIELDS 76
How do large companies stack up in their own industries? That's what the list inside reveals. Among the notable movers: Gateway and Disney jumped from No. 6 to No. 2 in computers and in entertainme...
You know that feeling when your bat hits the ball dead-on or you swing the golf club effortlessly in an ideal arc. We've got that same feeling about an overlooked corner of the stock-picking univer...
To appreciate America's energy predicament in the post-Sept. 11 world, you don't have to visit the oil fields of Texas and Alaska or journey to East-of-Suez OPEC strongholds like Kuwait and Saudi A...
Tim Ling well recalls the ten-year reunion of his Stanford Business School class in the fall of 1999. Tech was at its peak, along with the egos and net worths of many classmates. The venture capita...
[GETTING INTO THE CLUB] Three ways to make the 500: be born big, like Conoco, spun off from Du Pont with $20 billion in revenues; buy big, like Ames (above), which acquired 165 stores; or grow big,...
Going to the ends of the earth in search of oil is nothing new, although going to the depths of the ocean is. During the past 50 years, much of the oil under the shallows of the Gulf of Mexico has ...
On Oct. 22, Du Pont did something rather extraordinary. At a time when initial public offerings had practically ground to a halt, the stodgy chemical company launched the largest domestic IPO ever-...
THE OLD SOVIET UNION is still a potential superpower -- in oil. The independent republics, particularly Russia, may well have up to a quarter of the world's undiscovered oil, about equal to what's ...
Major oil companies exploring the Gulf of Mexico have found some of the biggest U.S. reservoirs since Prudhoe Bay. But don't look for petroleum prices to drop anytime soon: The oil lies beyond the ...
The Conoco oil company, a subsidiary of Du Pont, is working hard to show environmentalists how conscientious it is. Conoco recently broke ranks with the industry and ordered two new oil tankers wit...
A spindly-legged contraption like this is the new offshore oil rig that just smashed the world record for deep-water oil and gas production. Operated by Conoco and co-owned by Conoco, Texaco, and O...
Loading weather data ...
© 2011 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|