energy

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened On Oct. 31, 1978, Iran’s oil workers organized a strike following failed negotiations over wages and political change. An energy crisis ensued. Where The Market Was The S&P...

Shares of Altagas Ltd (TSE: ALA) remain below its 2018 highs but is now trading at a valuation which more than accounts for any ongoing concerns, according to BMO. The Analyst BMO analyst Ben Pham upgraded AltaGas' stock rating from Market Perform to Outperform with a price target lifted from $...

It’s the black gold of Permian Basin crude from West Texas that fuels the battle between Big Oil giants Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM), but for Barclays it’s the green of cash that sets the two apart for investors. Barclays likes Chevron better...

Activist investor and Occidental Petroleum Corporation (NYSE: OXY) shareholder Carl Icahn wants the energy company to hold a special meeting to vote on board members and a change to in the company's charter, he said in a regulatory filing. What Happened Icahn owns around 4.5% of Occidental and...

Expected higher energy pricing in most regions in coming years led Goldman Sachs to boost target prices on Exelon Corporation (NYSE: EXC) and Public Service Enterprise Group Inc. (NYSE: PEG) — while staying cautious on the sector as a whole. The Analyst Michael Lapides upgraded Exelon...

U.S.-based energy company Devon Energy Corp (NYSE: DVN) said Wednesday it reached an agreement to sell its Canadian business for C$3.8 billion ($2.8 billion USD) to Canadian Natural Resources Ltd (NYSE: CNQ). What Happened Devon Energy's Canadian business includes heavy oil assets mostly...

For the first time in a century, Britain weaned itself off of coal consumption for an entire week. Reuters reported that Britain went seven days without relying on any power generated by coal-powered stations. The accomplishment is symbolic of a shift to more clean energy sources; Britain...

Energy company Avista Corp (NYSE: AVA) expects 9-10-percent annual EPS growth through 2022, which seems difficult to achieve given that it relies on substantial rate hikes, according to Bank of America Merrill Lynch. The Analyst Richard Ciciarelli initiated coverage of Avista with an...

This week, nearly 15 percent of the components in the ISE-Revere Natural Gas Index report earnings while 24 percent of the S&P Oil & Gas Exploration & Production Select Industry Index does the same thing. After this week,energy earnings season is all but over, prompting investors to...

In the biggest reversal of fortune for the commodity since it rebounded from its 2016 crash, oil has surged about 50 percent from the 52-week lows it set back late in December. Now, thanks in part to production cuts from members of OPEC, Brent Crude is priced above a solid $70 level, and OPEC...

Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) confirmed it invested $10 billion in Occidental Petroleum Corporation (NYSE: OXY) on condition the oil and gas giant completes its proposed acquisition of Anadarko Petroleum Corporation (NYSE: APC). What Happened A jet...

The energy sector has been one of the worst-performing market sectors in recent years, as a global oil supply has continued to surprise to the upside. The latest data from Bank of America suggests investors may no longer be overlooking energy stocks. What To Know It’s been a long time since...

Chevron Corp. (NYSE: CVX), the second-largest U.S. oil company, set the energy sector buzzing Friday when it announced a $33 billion deal to acquire Anadarko Petroleum Corp. (NYSE: APC). Some market observers believe Chevron's acquisition of Anadarko could send other oil majors shopping for...

Integrated energy global giant Chevron Corporation (NYSE: CVX) said Friday it reached an agreement to acquire Anadarko Petroleum Corporation (NYSE: APC), one of the world's largest independent exploration and production companies. What Happened As part of the merger agreement, Chevron will pay...

Although the fourth-quarter results announced Tuesday by Halliburton Company (NYSE: HAL) beat estimates, the energy services company likely faces a difficult 2019, with a continued decline in rig counts and a persistent squeeze on pressure pumping prices, according to Raymond James. The...