Exxon Reorganization

Exxon Reorganization

Exxon Mobil’s (NYSE:XOM) refining and chemical operations have grown in stature in recent years, delivering steady earnings compared to its oil and gas production. An Exxon reorganization of these facilities may be coming. Exxon operates 22 refineries in 14...

Keystone Pipeline Approved By Nebraska

Nebraska’s Public Service Commission approves TransCanada’s (TRP +1.4%) proposed route for the Keystone XL pipeline by a 3-2 vote, clearing the way for the final permit needed to build the controversial project. The vote comes just days after a leak in...

Exxon-Mobil’s Health In Question

Exxon Mobil (NYSE:XOM) has just reported earnings and the Street reacted first by selling the news, only to buy the stock throughout the day Friday to help the name rebound to levels seen pre-earnings. This rebound in the name bodes well longer-term for the stock and...
Chevron: What Happened?

Chevron: What Happened?

Swing and miss. Chevron Corp (CVX) reported a lower-than-expected quarterly profit on Friday as U.S. production slipped, offsetting a rise in oil and natural gas prices. The stock is suffering a bit in response to the report. Shares of the oil company fell 1.2 percent...

Chesapeake Energy Is Broke

Spending money before it is produced is becoming a common theme for Chesapeake Energy (CHK) management. It does not seem to matter if the company has a bargain basement deal or an expensive one-time deal. Management is always there with cash-in-hand ready to spend....