Finance and Investing News for United States


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CFO: Sand Delays To Cut Halliburton's 1Q EPS By 10 Cents
Thursday, February 15, 2018 Halliburton's 1Q earnings would be reduced by 10 cents per share due to delays in sand deliveries, a senior company executive says.

Anadarko Raises Dividend Payout, Share Buyback Program
Wednesday, February 07, 2018 Anadarko says it increased its quarterly dividend and also raises its share buyback program.

ExxonMobil Stock Rout Deepens as Profit Flub Meets S&P 500 Plunge
Monday, February 05, 2018 ExxonMobil is on course for its steepest two-day stock rout in almost 2 1/2 years.

Seadrill Postpones Restructuring Plan Hearing Until Feb. 7
Thursday, January 25, 2018 Drilling rig company Seadrill has again postponed an initial hearing on its restructuring plan.

Halliburton Upbeat On 2018 As Oil Recovery Spreads
Monday, January 22, 2018 Halliburton reports a bigger-than-expected adjusted quarterly profit and gave an upbeat outlook for 2018

Big Oil Finds Hurdles in Trump's 'America-First' Tax Plan
Monday, January 08, 2018 For Big Oil, the US tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.

Financial Oil Trading Booms, Especially In The United States
Thursday, December 28, 2017 Financial oil trading is booming, hitting records this year, with volumes in US contracts outpacing growth elsewhere on the back of the US shale oil boom.

Natgas Producer EQT To Spend $2.4B In 2018
Wednesday, December 13, 2017 EQT says it expects to spend $2.4 billion next year.

Oil, Gas Investment Resources Ramping Up in 4Q
Friday, December 08, 2017 Select energy funds are anticipating a pick-up in investments in 2018.

Energy Bonds Trade Like Stocks as Wildcatters Get Religion
Wednesday, December 06, 2017 For the first time in months, energy bond and stock investors are both feeling good.

Offshore Oil Service Firms Dominate North American Energy Bankruptcies
Thursday, November 16, 2017 Offshore oil drilling and service companies are dominating the year's energy bankruptcies in North America, according to law firm Haynes and Boone.

Cash-Poor Alaska Eyes Foreign Capital To Jump-Start Energy Projects
Friday, October 20, 2017 Alaska is pursuing foreign investors for its oil and gas industry, hoping to advance recent discoveries.

Hess: World Needs New Offshore Oil Investments to Avoid Shortages
Thursday, September 28, 2017 Higher investments in offshore oil production are critical to avoiding a supply squeeze by 2020, as expanding shale output will not match projected demand increases in the next few years, U.S. oil producer Hess Corp said.

BP Files For IPO Of US Midwest, Gulf Coast Pipeline Assets
Monday, September 11, 2017 BP files for an initial public offering of its US Midwest and Gulf Coast pipeline assets.

Blackstone Adds $10 Billion in Energy Assets With Harvest Deal
Thursday, August 17, 2017 Blackstone Group LP will add $10 billion in assets by buying energy investor Harvest Fund Advisors.

Continental Resources CEO: Absolutely No New Debt
Wednesday, August 09, 2017 Continental Resources will fund future wells from cash flow and not take on any new debt, Chief Executive Harold Hamm says.

Continental Becomes Latest US Shale Producer To Cut Budget
Tuesday, August 08, 2017 Continental Resources cut its 2017 capital budget, the latest US shale oil producer to cut back on drilling and fracking equipment amid tepid crude prices.

Occidental Petroleum's Profit Beats As Prices For Chemicals Jump
Wednesday, August 02, 2017 Occidental Petroleum Corp posts a better-than-expected quarterly profit.

Marathon Oil Cuts Capital Budget After Posting Quarterly Loss
Wednesday, August 02, 2017 Marathon Oil Corp cuts its 2017 capital budget after posting a quarterly loss that fell in line with Wall Street's expectations.

The Energy Patch: Where Rights Offerings Are 'Sexy' Again
Tuesday, August 01, 2017 Energy businesses that are trying to exit bankruptcy are finding a savior in some of their own creditors.

Whiting Petroleum Slashes 2017 Budget After Quarterly Loss
Wednesday, July 26, 2017 Whiting Petroleum slashed its 2017 budget by 14%, the latest company to curtail spending due to weak commodity prices.

Hess Slashes 2017 Capital Budget After Quarterly Loss
Wednesday, July 26, 2017 Hess slashes its 2017 capital budget by 4% after posting a wider-than-expected quarterly loss on low crude prices and a dip in production.

Halliburton Sees N. America Rig Count Flattening, Shares Down
Monday, July 24, 2017 Halliburton reported impressive second quarter results but warned the growth in North American rig count was "showing signs of plateauing."

Unfazed by Low Prices, Bankers Remain Confident in Oil Lending
Friday, July 14, 2017 Fears of a long spell of low oil prices haven't shaken Wall Street's confidence in the sector.

The Rigzone Interview: Private Equity Cash Focuses on Oil, Gas Development
Thursday, July 13, 2017 Upstream private equity focuses on developing oil and gas assets, energy investment pro Claire Harvey tells Rigzone in exclusive interview.

Russians Drop Texas Oil Bid, Averting Trump Security Review
Monday, June 26, 2017 LetterOne's L1 Energy unit recently walked away from a deal to buy Texas oil producer over concerns the plan could be rebuffed by the CFIUS.

Fast Out of the Gate, Oil and Gas OFS IPO Companies Look To Grow
Friday, June 02, 2017 Newly public oilfield service companies, buoyed by strong balance sheets, look to devour weak rivals in the space, say experts at the Louisiana Energy Conference in New Orleans.

US Shale's Favorite Financial Trick Is Getting Less Attractive
Friday, May 12, 2017 US drillers have dramatically reduced their hedging activity, a move that could portend a break in the production gains that have upended global crude prices.

Hedge Funds Bail Just Before OPEC-Driven Oil Rally Vanishes
Monday, May 08, 2017 Before WTI crude nosedived on Thursday, money managers slashed bets on rising prices by 20%, according to US Commodity Futures Trading Commission data.

HollyFrontier Posts Bigger-than-expected Loss as Costs Rise
Wednesday, May 03, 2017 U.S. refiner HollyFrontier Corp reported a bigger-than-expected quarterly loss, hurt by a 61 percent rise in operating costs.

Devon Energy Plans To Divest $1B Assets; Profit Beats
Tuesday, May 02, 2017 Devon Energy says it will divest about $1 billion of its assets.

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.

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.

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.

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.

Bankers' Fading Fear of Oil Lending Is Latest Boon for Shale
Friday, April 14, 2017 Wall Street banks' growing optimism about the energy industry is the latest boost for US oil and natural gas producers already enjoying higher prices.

Shale, Not Stock, Fuels the Wealthiest U.S. County
Thursday, April 13, 2017 There are three good guesses for which US county has the the highest adjusted gross incomes (AGI).

Rig Contractor Ocean RIG Files For Bankruptcy Protection In US
Tuesday, March 28, 2017 Ocean RIG UDW filed for Chapter 15 bankruptcy protection in a US court.

Halliburton Warns Of First-Quarter Profit Miss As Costs Rise
Friday, March 24, 2017 Halliburton warns that its first-quarter profit would likely miss analysts' expectations.

Anadarko Expects Oil Sales Volumes To Rise 25%
Tuesday, March 07, 2017 Anadarko Petroleum says it expects a 25% rise in oil sales volumes in 2017.