Let me talk about another group
of oil companies on the global scene.
For example, the influence
of the oil companies on the decisions of the present administration is clearly excessive.
Not exact matches
Andurand, who runs
oil hedge fund Andurand Capital Management LLP, wrote in a string
of tweets
on Sunday that
companies may be less willing to risk investment in long term
oil projects because
of low crude barrel prices and a predicted peak in electric vehicle demand.
In the face
of low crude
oil prices, the
company focused
on natural gas, which had stronger rates.
Wednesday: Boeing & Biogen Boeing: In the past, this
company has been deemed a loser
on suspicions that airlines won't upgrade their fleets for fuel efficient planes now that the price
of oil is so low.
Friday: Chevron Chevron: This key
company will take the pulse
of oil, share insight
on its projects and explain how it will amend its spending budget.
Nearly as surprising was the willingness
of Russia and private
oil companies in North America to carry
on at prices that were understood to be well below their break - even points.
The stock has soared more than eight per cent over the past week
on speculation the
company could buy the retail operations
of oil and gas giant Hess, which owns about 1,350 gasoline stations in 16 East Coast states.
When the
company auctions that oilfield drill, for example, the goal is for its pricing model to forecast demand in the near future based
on different factors, such as the price
of oil, leaving Ritchie Bros. less vulnerable to market surprises.
The decreases are largely the result
of the
oil glut and all - time lows for crude prices — last year, mining,
oil producers, and metal
companies lost a combined $ 70 billion
on $ 1.3 trillion in revenue.
And yes, the Dow has a heavy component
of large industrial and energy
companies which have recently soared
on expectations that President Trump and his administration will sponsor new infrastructure spending projects and
oil pipeline expansion.
In June the
company received the first - ever FAA commercial license for unmanned aircraft operations over land and water for its work with BP
on Alaska's North Slope, part
of a big push to develop
oil and gas in remote areas with the help
of UAVs.
Formerly an integrated
oil company with interests in transportation and refining, Hess in 2013 spun off many
of its businesses in order to focus
on E&P.
Investors who would prefer to play E&P
companies more broadly could consider the iShares U.S.
Oil & Gas Exploration & Production ETF, which focuses
on large - cap
companies and has an expense ratio
of 0.43 %.
Based
on a sum -
of - the - parts analysis, integrated
oil companies traded at a discount to their pure - play competitors, whether they were pure - play upstream, like an Anadarko or a Chesapeake, or downstream, like Valero or Tesoro.
Today, we're publishing Vivienne Walt's feature from our November issue
on the
on - off IPO
of Saudi Aramco, the world's biggest
oil company.
Potential U.S. sanctions
on sales
of light crude to Venezuela's
oil company PDVSA would hamper its already weak refining network while leaving at least one tanker in limbo, according to a source from the state - run firm and Thomson Reuters data.
Downstream
companies make money
on the difference between the price
of crude and the price
of the refined petroleum extracted from it (a difference known as the «crack spread»), while midstreaming is a volume business (ship more
oil, earn more money).
Oil and gas will remain key energy sources despite the presence of shale and other alternative energy resources, the president of oil and gas company BHGE told CNBC on Mond
Oil and gas will remain key energy sources despite the presence
of shale and other alternative energy resources, the president
of oil and gas company BHGE told CNBC on Mond
oil and gas
company BHGE told CNBC
on Monday.
Some states require
oil and gas
companies to disclose the chemicals and the amount
of water they use in fracking operations
on FracFocus.org, a website formed by industry and intergovernmental groups in 2011, but the statistics are not complete.
He showed early entrepreneurial promise selling candy and doing odd jobs for neighbors, eventually going
on to become the founder
of the Standard
Oil Company.
Alcoa's tale is held up as a wee candle flicker
of hope in an otherwise depressing report
on gender inequity in tech - driven sectors, including the
oil and gas industry, automotive manufacturers and telecommunications
companies.
Shares in Perth - based
oil and gas
company Range Resources gained nearly 20 per cent
on the ASX after it announced it had attracted the backing
of Hong Kong - based institutional investment group Abraham.
The
Company expects to realize between 88 and 92 percent
of NYMEX pricing
on all its Delaware Basin 2018 and 2019 projected
oil volumes.
«Dakota Access estimates and targets that the pipeline will be complete and ready to flow
oil anywhere between the week
of March 6, 2017, and April 1, 2017,»
company attorney William Scherman said in the documents filed in Washington, D.C.,
on Tuesday.
Marine services
company MMA Offshore's net loss has widened to $ 144 million
on the back
of a previously flagged impairment and reduced activity in the
oil and gas sector.
The consumer watchdog has given the green light to Woodside Petroleum's proposed purchase
of oil and gas assets from US energy
company Apache, after concluding it would not have a significant effect
on the domestic gas market.
He is president
of Shell
Oil Co. in the United States, and sits
on the executive committee
of Royal Dutch Shell, its parent
company.
The aggressive exploration program
of recently listed Strike
Oil is
on track with the
company set to drill three wells in the Carnarvon basin this month.
In a separate report focusing
on larger integrated
oil companies, Moody's came to a similar conclusion — that the substantial improvement in the financial position
of the
oil industry over the past year is poised to slow down.
That year, drillers packed into the Permian basin in western Texas, where the cost
of producing
oil is low but the price tag
on land — and the
companies who own it — has skyrocketed.
The U.N. Security Council
on Friday blacklisted dozens
of ships and shipping
companies over
oil and coal smuggling...
The NOCs are being approached by lawyers and investment bankers not just from Calgary but from Houston and Melbourne too, seeking patient capital for long - timeline projects while equity prices for energy
companies have been steadily sinking
on stock markets despite the high price
of oil.
Usher previously served
on the Boards
of Directors
of Transtar, Inc., H.J. Heinz
Company, PNC Financial Services, PPG Industries, and Marathon
Oil.
Failure
of prices to recover raises the prospect
of even deeper cuts to investment by
oil and gas
companies next year and would likely result in Canada's economy remaining
on a slower growth path than the 2.2 per cent pace we are expecting.»
An
oil company with international facilities, Marathon Oil couldn't maintain profitability in 2016, with a loss of $ 2.1 billion on revenue of $ 4.6 billi
oil company with international facilities, Marathon
Oil couldn't maintain profitability in 2016, with a loss of $ 2.1 billion on revenue of $ 4.6 billi
Oil couldn't maintain profitability in 2016, with a loss
of $ 2.1 billion
on revenue
of $ 4.6 billion.
Ahern earned an electrical engineering degree from University
of Vermont and with help from an unnamed angel investor who «bet
on people heading in the right direction» started a
company in 2002 — Industrial Defender, a cybersecurity firm that protects industrial control systems for the electrical grid,
oil and gas, and chemical
companies — which Lockheed Martin acquired in 2014.
«The only thing that there's agreement
on is that it's a lot more challenging than the old math,» says Dan Yergin, the vice chairman
of information and analytics
company IHS and the author
of the essential
oil - history tomes The Prize and The Quest.
The
company has also had to take big losses related to write - downs
of the value
of its
oil and gas assets, to reflect the lower prices these energy commodities are garnering
on the open market.
Some
of these
companies won't surprise you: There are several energy firms
on the list
of the Fortune 500's biggest losers, reflecting the enormous decline in
oil prices that occurred in the second half
of last year.
«I can see a scenario where
oil prices get super-bullish again if
companies overcut,» he says
on a recent morning, sitting in his conference room
on the 38th floor
of an office tower at the bottom tip
of Manhattan.
But the defense contractor experienced a double whammy in 2014 between falling
oil prices (triggering cutbacks
on energy projects) and the substantial withdrawal
of U.S. troops from Iraq, reducing the need for the
company's services there.
And in 2007, with crude prices
on the rise, voracious demand for new shares
of PetroChina
on the Shanghai Stock Exchange caused the Chinese
oil and gas
company's market value to briefly top $ 1 trillion.
Her father had hoped she could use her business acumen and political standing to clamp down
on theft from the state
oil company as it struggled to adjust to the sharp fall
of oil prices over the previous year.
Gary Kelly, Southwest Airlines chairman, president & CEO, breaks down his
company's quarterly results and the impact
of lower
oil prices
on jet fuel costs.
A fourth - generation Singaporean, son
of a retired
oil -
company employee who now clerks in a jewelry store, Lee has thrived
on struggle all his life.
Exxon has argued against all the other shareholder proposals as well, including a «policy to explicitly prohibit discrimination based
on sexual orientation and gender identity»; a policy articulating Exxon's «respect for and commitment to the human right to water»; «a report discussing possible long term risks to the
company's finances and operations posed by the environmental, social and economic challenges associated with the
oil sands»; a report
of «known and potential environmental impacts» and «policy options» to address the impacts
of the
company's «fracturing operations»; a report
of recommendations
on how Exxon can become an «environmentally sustainable energy
company»; and adoption
of «quantitative goals... for reducing total greenhouse gas emissions.»
Shares
of early reporter Hess Corp, an E&P
company, rose 1.8 percent
on Wednesday after it reported a smaller - than - expected quarterly loss, thanks to expense cuts and the rise in
oil prices.
This year's Fortune 500 generated a total
of $ 944.5 billion in earnings, which are down 12.6 % from last year's record
of $ 1.08 trillion, in large part because tumbling
oil prices took a toll
on the majority
of the
companies on the list.
Among the factors that could cause actual results to differ materially are the following: (1) worldwide economic, political, and capital markets conditions and other factors beyond the
Company's control, including natural and other disasters or climate change affecting the operations
of the
Company or its customers and suppliers; (2) the
Company's credit ratings and its cost
of capital; (3) competitive conditions and customer preferences; (4) foreign currency exchange rates and fluctuations in those rates; (5) the timing and market acceptance
of new product offerings; (6) the availability and cost
of purchased components, compounds, raw materials and energy (including
oil and natural gas and their derivatives) due to shortages, increased demand or supply interruptions (including those caused by natural and other disasters and other events); (7) the impact
of acquisitions, strategic alliances, divestitures, and other unusual events resulting from portfolio management actions and other evolving business strategies, and possible organizational restructuring; (8) generating fewer productivity improvements than estimated; (9) unanticipated problems or delays with the phased implementation
of a global enterprise resource planning (ERP) system, or security breaches and other disruptions to the
Company's information technology infrastructure; (10) financial market risks that may affect the
Company's funding obligations under defined benefit pension and postretirement plans; and (11) legal proceedings, including significant developments that could occur in the legal and regulatory proceedings described in the
Company's Annual Report
on Form 10 - K for the year ended Dec. 31, 2017, and any subsequent quarterly reports
on Form 10 - Q (the «Reports»).