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Spending in the global oil E&P industry is "poised to accelerate broadly" and drive an increase in production, Schlumberger (NYSE:SLB) CEO Olivier Le Peuch said on Wednesday, according to Reuters. "The need for reliable energy supply and reinvestment in our industry remain very compe...
The Energy sector ETF XLE holds a very small number of large-cap oil and gas-related stocks selected from the S&P 500, far fewer than its rivals. Its performance over the past decade has been inconsistent. An equal-weighted holding of just its two top stocks, XOM and CVS, has almo...
Stock momentum is an inadequate way to grade a stock. Investors should not sell stocks months after they fell. Energy stocks are a buy. For further details see: Why Wells Fargo's Bearish List Of 50 Stocks To Sell Is Wrong
Schlumberger Limited (NYSE:SLB) will hold a conference call on July 22, 2022 to discuss the results for the second quarter ending June 30, 2022. The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am U...
No sector is safe in bear markets and the current selling of winning stocks is typical of the later innings of market declines, MKM Partners says. "The high degree of correlation between Crude Oil (CL1:COM) (USO) (CO1:COM) (BNO) and Energy stocks (NYSEARCA:XLE) broke last week," MKM Chief Mar...
Corporate outlooks are set to shift dramatically next earnings season and some stocks will be vulnerable to reversal, Wells Fargo says. Senior Equity Strategist Chris Harvey picked a "group of stocks (that) will underperform the market until we hear the Fed reference a slowing economy." ...
XES has benefited from the oil price spike, but return has lagged other oil investments. Drilling rig counts have rebounded since 2020 but remain far below 2014. Long-term oil production outlook peaks in late 2020s. Renewables and ESG concerns more important to investors. ...
The oil and gas sector (NYSEARCA:XLE) lost the most ground among S&P sectors in Wednesday's trading, as crude oil futures fell to two-week lows on concerns about demand and the Federal Reserve's aggressive rate hikes. Energy stocks sold off sharply after the Federal Reserve raised interes...
Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This report optimizes tradi...
Exxon Mobil (NYSE:XOM) closed +4.6% in Tuesday's trading to easily breach $100 and reach its highest level in eight years, closing less than a dollar from its all-time closing high of $104.38 set on June 23, 2014. Exxon (XOM) enjoyed some Wall Street love from Evercore ISI, which upgraded the...
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Regulatory News: SLB (NYSE: SLB) today announced that it will proceed with a voluntary delisting of its shares (ISIN: AN8068571086) from Euronext Paris. Consistent with its prior decisions to delist from other exchanges, SLB reviewed the low trading volumes on the Euronext Paris and, give...
Long-term partnership will digitally transform Aker BP’s subsurface workflows to lower costs, shorten planning cycles and increase production more sustainably Regulatory News: This press release features multimedia. View the full release here: https://www.businesswire.com/n...