BP starts production at Clair Ridge oil field in North Sea
The FTSE 100 oiler is targeting an output of around 120,00 barrels per day, with the project designed to recover a total of 640mln barrels
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NYSE:CVX
Chevron Corporation is an integrated energy company. The company produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives and develops technologies that enhance its business and the industry.
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The FTSE 100 oiler is targeting an output of around 120,00 barrels per day, with the project designed to recover a total of 640mln barrels
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In Friday trading, Brent crude was priced above US$72 with WTI (West Texas Intermediate) holding above US$63 a barrel.
Both beat on earnings but Exxon surged past year-ago and consensus revenue estimates while Chevron fell short of market expectations
Also piquing investor interst before the New York bell is Conagra Brands Inc and Perrigo Company
The second-quarter report season revealed a mixed picture for the large, international oil companies
Crude prices strengthened in the second quarter while natural gas prices were mixed
Andrew G. Inglis, Kosmos' chairman and chief executive officer, said: "We are still in the early stages of exploring this newly emerging basin and our forward drilling program remains unchanged given the independent nature of the prospects"
US futures are pointing to a lower open on Thursday after closing higher yesterday
Market melt-ups can go on for awhile, but eventually lead to meltdowns
President Trump took the shine off the market's advance by tweeting that he will reach a decision on whether to withdraw from the Iran nuclear deal tomorrow
Despite the surge in oil prices Exxon missed earnings, and Chevron sales fell short of Wall Street expectations
Rival energy giant Exxon Mobil shares fall after an earnings miss
The oil giants are requested exemptions for two of their smaller facilities in the western U.S.
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“A clear sign that confidence was restored by the jobs report was the fact US 10-year Treasuries hit a four-year high immediately after it was released."
US stocks continued in the fashion they started the new year - reaching new highs
New stats showed the US economy grew at a solid 3.2% annual rate from July through September
Permex is aiming to raise between $C2.5mln - C$10mln in an initial public offering (IPO)
Net production amounted to 2.72mln barrels per day, up from 2.51mln barrels in the comparative period of last year.
The Nasdaq missed out on yesterday's advance but made up for lost time today
Former Ophir Energy PLC boss Dr William Higgs will take up the role of Genel's chief operating officer on November 6. Paul Schofield steps down from that role as of October 16