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ExxonMobil Explores Acquisition Of Pioneer Natural Amid Bid To Dominate Permian Basin
Friday, April 7, 2023 - 4:32pm | 374Exxon Mobil Corp. (NYSE: XOM) is reportedly in early stage discussions with Pioneer Natural Resources Co. (NYSE: PXD) about a potential acquisition, the Wall Street Journal reported Friday, citing people close to the matter. The talks, which have been informal thus far, could transform the U.S...
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Barron's Picks And Pans: Berkshire Hathaway, Microsoft, Time Warner And More
Sunday, February 25, 2018 - 5:46pm | 640This weekend's Barron's cover story presents the findings of the latest Energy Roundtable. Other featured articles examine the prospects for a tech giant's quantum computing efforts and an industry leader with little to fear from Amazon. Also, Warren Buffett's latest annual...
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Investors Are Bullish On Anadarko Petroleum Following 2016 Capital Program
Tuesday, March 1, 2016 - 3:49pm | 237Shares of Anadarko Petroleum Corporation (NYSE: APC) were trading higher by nearly 5 percent Tuesday afternoon after the company announced its 2016 capital program. Anadarko said that it plans on selling $3 billion of assets in 2016 and slash its spending on new wells and other projects by half...
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Big Oil Earnings Faceoff: Conoco Vs Exxon
Sunday, January 31, 2016 - 8:32pm | 573What does Chevron Corporation (NYSE: CVX)'s surprise net loss portent for ConocoPhillips (NYSE: COP) and Exxon Mobil Corporation (NYSE: XOM)? Analysts expectations are pretty low for earnings from Conoco and Exxon. Many other oil companies are expected to post earnings declines or net losses....
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Anadarko Petroleum Sustains Rally After Merger Report Surfaces
Monday, December 21, 2015 - 5:35pm | 368Anadarko Petroleum Corporation (NYSE: APC) entered Monday's close nearly 2 percent higher than it began, on the back of a fresh merger rumor. Sources told Benzinga China Petroleum & Chemical Corp (ADR) (NYSE: SNP) was considering a takeover of Anadarko in a deal financed by HSBC. Stifel...
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Morgan Stanley Rethinks E&P Stocks, Slashes Estimates For Crude Oil
Friday, September 4, 2015 - 7:57am | 429The Energy Select Sector SPDR (NYSE: XLE) has declined 18 percent this year and 34 percent in the past 52 weeks. Following an energy summit this week, Morgan Stanley analysts are revising lower their estimates for WTI and Brent Crude Oil, particularly in 2017. In 2017, Morgan Stanley now...
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Why Goldman Sachs, Barron's Clashed Over This Energy Giant
Monday, October 27, 2014 - 4:15pm | 539It's not very often that Barron's publishes a bullish article over the weekend and one of Wall Street's most respected firms contradicts it the following week. That's exactly what happened on Monday. Barron's: Bullish On Energy Although a piece on Charles Schwab donned...
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Dow Suffers Worst One-Day Performance In 2014, Volatility Returns To The Markets
Thursday, October 9, 2014 - 4:55pm | 2188U.S. stocks plunged with the Dow, shedding more than 300 points, suffering the worst single day performance of the year. Despite the 300-plus point loss, both the S&P 500 and Nasdaq saw higher losses on a percentage basis as the CBOE Volatility Index surged over 24 percent to 18.76....
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Markets Begin The Week On A Losing Note Ahead Of Earnings Kick-Off, Fed Minutes
Monday, October 6, 2014 - 4:45pm | 1927U.S. stocks traded lower on Monday ahead of earnings season, which unofficially begins on Wednesday. The Federal Reserve will also release its minutes from its recent meeting on the same day. Major indices were trading in positive territory on Monday with the Dow up as much as 89 points before...
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Dow Breaks Four-Day Losing Streak As Calm Restores Last Week's Jittery Market
Monday, August 4, 2014 - 4:57pm | 2610U.S. stocks rallied to start the week on a positive note. Investors are looking for bullish signs that can erase last weeks declines, as the S&P 500 had its largest weekly drop since 2012 and the Volatility Index surged more than 30 percent. Portugal's Central Bank plans to spend 4.9...
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Thursday's Selling Momentum Continues Into Friday
Friday, August 1, 2014 - 4:33pm | 2380U.S. stocks picked up where they left off after Thursday's sharp sell-off as positive earnings reports yet again took a backstage to geo-political uncertainties. Not helping the bull cause was nonfarm payrolls, rising by 209,000, less than the 233,000 expected. The jobless rate also ticked...
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Markets Little Changed Ahead Of The Federal Reserve's Policy Decision
Monday, July 28, 2014 - 4:36pm | 2462U.S. stocks were little changed ahead of the Federal Reserve's policy announcement due out on Wednesday. The Federal Reserve will conclude a two-day session, with the central bank likely to announce further cuts to its monthly asset purchases. In economic news, June home sales declined in...
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Markets Lower As Geopolitical Uncertainty Continues
Monday, July 21, 2014 - 4:46pm | 2931U.S. stocks were lower as leaders from Britain, France, Germany and Canada have all made their respective countries position clear that Russia will face further sanctions if air investigators are not given full access to the crash site in Ukraine. Israel continued its ground offensive in the...
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Investors Focus On Earnings Rather Than Geopolitical Tensions
Friday, July 18, 2014 - 6:08pm | 2627U.S. stocks rose as many questions remain unanswered following the crash of MH17 over the unstable region of Donetsk in Ukraine. U.S. intelligence sources speculated the plane was brought down by a ground-to-air missile but cannot confirm who was responsible. Investors appear to focus on...
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Markets Mixed, NASDAQ Lower As Yellen Suggests Valuations Are Stretched
Tuesday, July 15, 2014 - 4:35pm | 2480U.S. stocks were mixed with the NASDAQ index declining after the Fed's Chief Janet Yellen suggested that some sectors are characterized by "stretched" valuations. In prepared remarks to the Senate Banking Committee, Yellen also claimed that interest rates could rise sooner and at...