Integrated Oil & Gas

The stock market surged higher out of the gate today. Yesterday, Chancellor Merkel and President Sarkozy had a press conference where they ripped southern Europe and said straighten up or get out of the Eurozone. This initially shocked the market into selling yesterday. However, the markets showed...

Shares of Statoil (NYSE: STO) are higher on the session by 3.36%, currently trading at $23.98. The stock has been moving largely higher over the past week and is currently trading above the 50-day average. Options traders are focusing on calls today. A short while ago the October 2011 $30.00 call...

Once again, the S&P 500 Index is trading inverse to the U.S. Dollar Index. Traders can clearly look at the chart below and see how the major stock indexes deflate as soon as the U.S. Dollar Index trades higher. While this inverse relationship has been intact for over ten years, it is even more...

Global Equities Research has the answer. While no one can say for certain that Chevron Corp. (NYSE: CVX), Exxon Mobil (NYSE: XOM), or BP (NYSE: BP) personally hurt Apple's (NASDAQ: AAPL) sales this summer, it seems as if the high price of gas could be responsible for Mac's decline. That's...

ExxonMobil (NYSE: XOM) affiliates and San Miguel Corporation have reached agreements for the sale of ExxonMobil's interest in three businesses operating in the Malaysian Downstream petroleum sector. The agreements includes ExxonMobil's 65% stake in the publicly traded company Esso Malaysia Berhad...

This morning, it is the tech heavy NASDAQ Composite that is leading all of the major stock indexes lower. The NASDAQ Composite is declining lower by 1.49 percent. Many of the market leading NASDAQ stocks are coming under heavy selling pressure and this is certainly weighing down the index. Apple...

This morning, the leading energy stocks are coming under early selling pressure. The catalyst for the early decline in many of the energy stocks is due to the stronger U.S. Dollar Index. When the U.S. Dollar Index trades higher on the trading session the major energy and commodity stocks will come...

This is your Benzinga news summary and traders' outlook for Tuesday, August 16, 2011, covering headlines from overnight and Tuesday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading lower. At last check, Dow futures are down over 100 points and the U.S....

Benchmark Company upgraded Hess Corporation (NYSE: HES) from “sell” to “buy.” Hess' shares closed at $60.21 yesterday. Hess' PEG ratio is 0.64. Analysts at Credit Suisse upgraded Allergan Inc (NYSE: AGN) from “neutral” to “outperform.” AGN's shares closed at $74.75 yesterday. Allergan's trailing-...

Pre-open movers US stock futures are lower this morning, as investors are awaiting economic data. Futures for the Dow Jones Industrial Average dipped 107 points to 11,296.00 and S&P 500 index futures fell 16.20 points to 1,182.20. Nasdaq 100 futures dropped 27.75 points to 2,178.75. A Peek...

Benchmark has published a research report on Hess Corporation (NYSE: HES) raising the rating and price target for the global energy company. In the report, Benchmark wrote, "Based primarily upon the favorable drilling results being achieved on the additional Bakken Shale acreage (approximately...

Communication between the Aldous and Avaldsnes oil discoveries on the Utsira High in the North Sea has now been confirmed. In combination these discoveries may represent an oil structure of between 500 million and 1.2 billion barrels of recoverable oil equivalent. If the upper part of the...

The Benchmark Company has upgraded Hess Corporation (NYSE: HES) from Sell to Buy and has raised the price target from $64 to $70.

This morning, all of the major stock indexes are trading sharply higher. Traders and investors are in jubilee mode as there were a few take over announcements before the opening bell. Obviously, the major news was the Google Inc.(NASDAQ: GOOG) buyout of Motorola Mobility Holdings Inc.(NYSE: MMI)...

Major U.S. Indexes are building upon yesterday's gains, on the heels of a 0.5% increase in retail sales – the biggest gain since March. August Consumer sentiment, however, plunged from 63.7 in July to 54.9 – its lowest level since May of 1980. The market seems to be shrugging off the consumer...