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The most recent oil and gas industry financial headlines.
Trump's Tax Cut Proposal Shines Light on MLPs
Thursday, April 27, 2017 - The Trump administration's proposal to slash tax rates on so-called pass-through businesses would deliver a windfall to investors in master limited partnerships.
Marathon Petroleum Posts Surprise Profit as Refining Margins Rise
Thursday, April 27, 2017 - Refiner Marathon Petroleum Corp reported a surprise quarterly profit on Thursday as refining margins jumped 18 percent despite challenging market conditions.
Saudi Arabia Seen Losing Market Share to Iran, Iraq on Oil Cuts
Wednesday, April 26, 2017 - Saudi Arabia, the world's biggest crude exporter, is losing market share to Iraq and Iran.
ExxonMobil's Dividend Tradition Faces Challenge as Oil Sputters
Tuesday, April 25, 2017 - ExxonMobil has boosted it's dividend every April for at least a decade, delivering more than $98 billion directly to shareholders.
HSBC Wins Mandate On $100B Saudi Aramco IPO
Monday, April 24, 2017 - HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national oil giant Aramco.
Schlumberger Expects Reactivation Costs To Squeeze Margins
Friday, April 21, 2017 - Schlumberger says a ramp up in drilling activity in North America boosted pricing for its services, but the cost of reactivating equipment idled during the downturn dragged down margins.
Oil Prices Could Tumble Again On US Shale Influx
Thursday, April 20, 2017 - Oil prices could fall again by the end of the year due to a rapid increase in US shale production, Total chief executive says.
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