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Energy stocks are facing significant headwinds. With unprecedented restrictions on travel and movement across most countries, the demand for gasoline and other fuels has decreased dramatically. This is a severe blow for energy companies that were already grappling with a supply glut and low comm...
The energy sector ( XLE +6.3% ) is flying to the top of today's S&P leaderboard despite more big losses in oil prices, with WTI May crude -8.7% to $18.13/bbl, trading at levels last seen in late 2001 . More news on: Energy Select Sector SPDR ETF, HollyFrontier Corporation, EOG Res...
Oil stocks are surely caught in one of the worst times ever. The coronavirus pandemic has led many countries to impose travel restrictions, lock-downs, or other measures that have significantly reduced the demand for oil and refined products. On the supply side, while OPEC and other countries ha...
Market sentiment has broadly turned positive in recent weeks as the reaching of the hospitalization curve "apex" in major states such as New York has given rise to expectations that U.S. social distancing measures will be relaxed at the end of April. The U.S. refining sector, which has seen ...
The governors of five states have asked the Trump administration for a nationwide waiver exempting the oil refining industry from U.S. biofuel laws to help it survive the current demand meltdown, Reuters reports. More news on: Valero Energy Corporation, Marathon Petroleum Corporation, Ph...
Phillips 66 (NYSE: PSX) announced today it will contribute $3 million to COVID-19 relief efforts across the United States and in the United Kingdom. Of this, $1 million will be directed to the Greater Houston COVID-19 Recovery Fund and $500,000 to the Houston Food Bank. The remaining funds wi...
The U.S. refining sector is experiencing an unprecedented operating environment. The strangest aspect of this has not been the massive gasoline demand destruction that has occurred in recent weeks, although that has certainly been notable. Stranger still has been the impact of the COVID-19 p...
Phillips 66 Partners (NYSE: PSXP ) is a more than $8 billion midstream company offering investors an almost 10% dividend yield. The company has a significant ownership stake from Phillips 66 (NYSE: PSX ), a more than $25 billion company and one of the largest downstream companies in the worl...
The COVID-19 pandemic has ended the 11-year bull market, and stock prices have dropped precipitously. These are troubling times, but Trouble is Opportunity . Many high-quality dividend growth stocks that traded at premium valuations just two months ago are available at discounts now! This...
On April 9, OPEC, led by Saudi Arabia, was joined by Russia and other major global producers in an agreement to take a record amount of crude oil production off the market . The 10 million-barrel-per-day reduction in output the participants agreed to is a massive change in course and will help ...
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2024-07-29 03:14:00 ET Dividend stocks can be fantastic investments. Over the last five decades, dividend payers outperformed the average S&P 500 member (9.2% annualized total return compared to 7.7%). However, the best returns have come from dividend growers (10.2% annualized). ...
2024-07-21 08:45:00 ET In addition to being the most valuable U.S.-based energy company, ExxonMobil is a consistent dividend payer, with over 42 consecutive years of raising its payout . With a diversified business model and enough cash flow to invest in organic growth, acquisitions...