Thursday Feb 9 | Business Journal
Source: BP in settlement talks for oil spill claims
BP Plc is negotiating with federal authorities for a settlement on pollution claims stemming from the 2010 Gulf of Mexico oil spill, a source told Bloomberg.
Investors Wake Up to the Return of Dividends
With interest rates on savings accounts, CDs and Treasury instruments remaining near record lows, investors and savers often look to higher yielding dividend stocks as a way to earn a decent return on their money.A Luckily, many companies are restoring or raising dividends.
Energy Biz Recap: BP's New Gas Field, Exxon's Prediction
Sinopec and PetroChina urged for hikes on China's domestic fuel for the first time in ten months to match the increased costs for international crude.
Dividend Changes: BP, Coca-Cola Enterprises, Teekay Tankers, Mastercard, Nicor
BP plc announced a 14% increase in its quarterly dividend to 8c per share for Q411 the first rise since the company resumed paying a dividend a year ago.
BP PLC (BP) Shares Downgraded by Societe Generale to "Hold"
BP PLC was downgraded by equities research analysts at Societe Generale from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday.
Market Recap: Stocks Up But Thinly Traded as Greece Makes Slow Progress
On the commodities front, Oil rose to $98.73 a barrel. Precious metals were also up, with Gold climbing to $1,748.30 an ounce while Silver rose 1.41% to settle at $34.23. 1) Greece.
BP Plc. released its fourth-quarter earnings Tuesday, reporting a profit of $7.69 billion.
BP prepares for lawsuits, increases dividends
BP Plc. said Tuesday that it is preparing "vigorously" for about 600 lawsuits set to begin Feb.
Analysis: Canadian oil price spreads painful, not permanent
Tight oil pipeline capacity, surging output in Canada and in North Dakota and reported refinery outages have pushed discounts for Canadian crude to new depths, but the painful spreads for producers won't likely be permanent.
U.S. to Be Free from Foreign Oil by 2030: BP
Oil and gas company BP recently released its annual Energy Outlook and many of its projections should be viewed with concern.
Anadarko records loss due to oil spill payment
When adjusted without one-time items such as the oil spill payment, Anadarko had a net income of $423 million, or 85 cents per share.
Royal Dutch Shell Updates Growth Plan
Royal Dutch Shell hopes to increase production to 4 million barrels of oil equivalent per day through by 2017 or 2018, a 25% increase over 2011 production of 3.2 million BOE per day.
Oil Stocks Traders are Watching Prior to Earnings
Anadarko Petroleum Corp will unveil its latest earnings on Monday, February 6, 2012.A The average estimate of analysts is for profit of 60 cents per share, a rise of more than twofold from the company's actual earnings for the same quarter a year ago.
BP To Spend $500M to Restore Its Brand
BP North America is expected to spend about half a billion dollars over the next few years trying to change its name from "mud;" or perhaps, in this case, "tar balls." The company faced a public relations nightmare with the Deepwater Horizon catastrophe two years ago, which decimated the Gulf of Mexico and its coastal areas.
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BUYINS.NET: XIDE, HOKU, BP, AVID, YUM Expected To Be Up Before Next Earnings Releases
BUYINS.NET / www.squeezetrigger.com is monitoring the performance of all stocks with earnings being released in the coming weeks and determining how the stocks have performed Before their last 12 quarterly, 6 quarterly and June earnings reports.
Transocean CEO not required to testify at oil spill trial
Ltd. , will not be called as a live witness for the Gulf of Mexico oil spill trial, scheduled to begin on Feb.
BP Ordered to Reimburse Halliburton for Damages
BP Plc will be required to pay for a portion of any direct damage claims awarded against Halliburton Co.
Cameron sues insurer in alleged oil spill-related settlement payment
Bloomberg reports that Cameron said the lack of this alleged payment threatened the company's $250 million settlement with BP Plc.
Transocean Wins Indemnification from BP for Gulf Spill; Halliburton Next?
BP plc suffered a big blow last Thursday when a federal judge said it owed indemnification to Transocean for any compensatory damages that might arise from the Deepwater Horizon oil spill two years ago.
Equity Research on BP plc and EnCana Corp. -- 2012 Oil & Gas Industry Outlook Dependent on Product
Today they are providing members comprehensive research on the Major Integrated Oil & Gas industry and are offering free analytical research on BP plc and EnCana Corp.