petroleum

As Marathon Petroleum Corp (NYSE:MPC) prepares to release its third-quarter fiscal year 2024 earnings, investors are focused on the company’s performance indicators and market outlook. Following a robust second quarter, where total revenues reached $38.362 billion—significantly exceeding the...

Warren Buffett's Berkshire Hathaway, Inc. (NYSE:BRKA) (NYSE:BRKB) has added more Occidental Petroleum Corp. (NYSE:OXY) shares to its portfolio, according to filings by the investment holding company late Wednesday. The fresh purchase comes close on the heels of a $201 million worth of Occidental...

Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) bought over 5.8 million shares of Occidental Petroleum Corporation (NYSE:OXY) between March 3 and March 7, according to a regulatory filing. This is the first purchase of Occidental shares disclosed by Berkshire Hathaway after Sept...

Heading into a new trading week, oil and gas stocks are seeing high interest from retail investors amid the escalation in the Russia-Ukraine conflict. Stocks such as Occidental Petroleum Corp. (NYSE: OXY), United States Oil Fund LP (NYSE: USO), iPath Pure Beat Crude Oil ETN (NYSE: OIL) and Exxon...

The world’s biggest mining company BHP Group Ltd (NYSE: BHP) is considering the sale of its petroleum business as part of a strategic review. What Happened: The Australian mining company said it is in talks with Perth-based oil and natural gas company Woodside Petroleum Ltd (OTC: WOPEY) over...

To view more FreightWaves infographics, click here. Image by Kristina Kasputienė from Pixabay

A record volume of cargo moved through the Port of Vancouver during 2018 driven by robust demand from Asia. Cargo volume at Canada's largest port reached 147 million tons, a 3.5 percent increase from 2017, itself a record year, the Vancouver Fraser Port Authority (VFPA) announced on February 28...

Marathon Petroleum Corp. (NYSE: MPC) and Andeavor (NYSE: ANDV) announced a merger agreement Monday.  What Happened Marathon Petroleum will acquire all outstanding Andeavor shares in a deal worth $23.3 billion, the companies said. The offer represents a 24.4-percent premium to...

There is already an exchange-traded fund that offers S&P 500 exposure without energy equities, but a new pair of ETFs from State Street Global Advisors (SSgA) broadens the horizons of investors looking to exclude fossil fuels from their portfolios. 2 New Ex-Energy ETFs On Tuesday, SSgA,...

Goldman Sachs’ John Nelson believes that Gulfport Energy Corporation (NASDAQ: GPOR) shares are pricing in “an extended operational disruption despite inflecting operational momentum.” Nelson upgraded the company to Buy, with a price target of $35. Weak Sentiment The analyst...

Kashagan, a vast oil field in the Caspian Sea, sent its first crude for export after about 16 years in development, according to a press release from the project operator North Caspian. North Caspian Operating Company has commenced production from the Kashagan Phase 1 offshore project and said work...

Goldman Sachs remains bullish on Marathon Petroleum Corp (NYSE: MPC) on asset quality, midstream growth and cash generation from its Speedway retail unit. "In our view, MPC offers premium quality refining assets on the Gulf Coast and the Mid-Con, with high levels of complexity and crude optionality...

Official U.S. crude oil data for the week ending July 29 revealed that crude oil refinery inputs averaged approximately 16.852 million barrels a day. This was 266,000 barrels per day higher than the 16.586 million recorded in the preceding week. Following the release of the data, crude oil prices...

Credit Suisse has raised the price target of Anadarko Petroleum Corporation (NYSE: APC) by $2 to $68, saying that Delaware should drive upside over time for the company. Positive Upside Ahead The brokerage noted, "The 2 billion plus of current net resource in the Delaware feels low relative to the...

Anadarko Petroleum Corporation (NYSE: APC) reported its 2Q16 results, with the adjusted EPS slightly better than the estimate. CLSA’s Asit Sen maintains an Underperform rating on the company, with a price target of $58. 2Q Beat Sen explained that the beat earnings were driven primarily by the...