crude

Baker Hughes Incorporated (NYSE: BHI) shares were surging higher early Monday following an official announcement of a deal with General Electric Company (NYSE: GE). While the merger/spinoff deal is certainly good news for Baker Hughes shareholders, the terms of the deal are far from the typical...

General Electric Company (NYSE: GE) hasn't been afraid to use its massive size and scope to pursue multi-billion acquisitions, even though the strategy has been criticized by a major investor. The company's latest large-scale M&A consists of buying the oil services giant Baker Hughes...

There is potential for several positive catalysts over the next 12 months that could unlock value at Chevron Corporation (NYSE: CVX), Goldman Sachs’ Neil Mehta said in a recent report. He upgraded the rating on the company from Neutral to Buy and added the stock to the Conviction List. The 12...

Exxon Mobil Corporation (NYSE: XOM) shares have outperformed the sector since July 2015, driven by the successful execution of large projects, the company’s defensive characteristics since the decline in oil prices and dividend growth. Goldman Sachs’ Neil Mehta downgraded the rating on...

The Wall Street Journal reported last week that General Electric Company (NYSE: GE) was in talks to merge its oil business with Baker Hughes Incorporated (NYSE: BHI). The report resulted in shares of Baker Hughes gaining more than 8 percent on Friday and hitting a new 52-week high of $59.39, even...

Exxon Mobil Corporation (NYSE: XOM) may have struck liquid gold as the company announced a significant oil discovery near the coast of Nigeria. Exxon said that the Owowo field located in offshore Nigeria has a potential recoverable resource of 500 million to 1 billion barrels of oil. How Big Is It...

This week, Exxon Mobil Corporation (NYSE: XOM) reported the discovery of a massive new oilfield in offshore Nigeria that could contain up to one billion barrels of oil. On the surface, the Owowo discovery seems like great news for Exxon and its shareholders, but a number of market analysts have...

Shares of Baker Hughes Incorporated (NYSE: BHI) spiked higher by more than 8 percent early Friday after the Wall Street Journal reported that the company is either targeted for an acquisition or primed to secure a notable partnership. Acquisition Talks The Wall Street Journal, citing "people...

A day after Baker Hughes Incorporated (NYSE: BHI) reported a positive surprise for its bottom-line results, Credit Suisse believes the company rejoined the ranks of the "Big 3" oil field services companies. The firm pointed out that the American market started to improve. However, the company needs...

Morgan Stanley upgraded Oil States International, Inc. (NYSE: OIS) to Overweight from Equal Weight, as it believes the consensus is underestimating the company's shale-related earnings power and its ability to secure near-term offshore equipment orders. On Track To Reverse Underperformance Analyst...

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,...

Analysts at Wells Fargo have initiated coverage of Synergy Resources Corp (NYSE: SYRG) with an Outperform rating and a valuation range of $13–$16 as they see upside potential over the next six to 12 months, “with strong economics substantially driving value across inventory locations...

Credit Suisse upgraded shares of Imperial Oil Limited (USA) (NYSE: IMO), premising the improved opinion on stronger free cash flow generation that is expected to increase shareholder return in the form of renewed stock buybacks. Balance Evolving Analyst Jason Frew highlighted the firm's downward...

Rodman & Renshaw has started coverage of Abraxas Petroleum Corp. (NASDAQ: AXAS) with a Buy rating and $3 price target on potential upside from Delaware Basin and Austin Chalk. In Ward County, Texas, Abraxas is now pursuing Wolfcamp and Bone Spring activity, at depths shallower than longtime...

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...