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The Latest Breaking News from Petroleum

Egypt Begins Trial Operation of Development Projects in Petrochemical Plants

Egypt inaugurated on Monday comprehensive development projects at the factories of the Egyptian Petrochemical Company in Alexandria. Petroleum Minister Tarek el-Molla inaugurated the trial operation of the developed factories, including the chlorine plant and the new thermal cracking unit of the vinyl chloride monomer production plant. He stressed the sector's…

Asharq Al-Awsat

3 Energy Stocks to Buy on the Dip

While most of the market has been mired in a brutal correction, energy stocks have had a very mild pullback. Investors should consider buying a high-quality energy stock like Ovintiv (OVV), Occidental Petroleum (OXY), and VAALCO Energy (EGY) as the underlying fundamentals keep improving.

StockNews.com

Why Imperial Petroleum Shares Are Rising

Shares of small-cap penny stock Imperial Petroleum Inc (NASDAQ: IMPP) are trading higher by 16.82% at $0.78.

Benzinga

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Expert Ratings for Marathon Petroleum

Within the last quarter, Marathon Petroleum (NYSE:MPC) has observed the following analyst ratings:

Benzinga

Here's How Much You Would Have Made Owning Occidental Petroleum Stock In The Last 20 Years

Occidental Petroleum (NYSE:OXY) has outperformed the market over the past 20 years by 1.06% on an annualized basis producing an average annual return of 7.76%. Currently, Occidental Petroleum has a market capitalization of $64.08 billion.

Benzinga

This Oil Stock Has A Better 1-Year Return Than Tesla, Ford, Nvidia, Microsoft, Amazon, Disney, Apple And ETC

Occidental Petroleum Corporation (NYSE: OXY) is among the world’s most prolific oil exploration and production companies, and over the past year, recent traders and investors in the firm have been rewarded handsomely.

Benzinga

CNBC's Final Trades: Iqvia Holdings, AutoZone, Occidental Petroleum And These Undervalued Picks

On CNBC’s “Halftime Report Final Trades,” Shannon Saccocia of Boston Private chose Iqvia Holdings Inc (NYSE: IQV), saying that the firm provides data analytics for life-scienc

Benzinga

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Left parties call for week-long nationwide protests against price rise, unemployment from May 25

The Left parties demand withdrawal of all cess/surcharges on petroleum products and roll back price hikes, particularly of cooking gas cylinders.

The Hindu

Kenya's fuel crisis: how the country's subsidy system works

Oil is an essential commodity for Kenya’s transport and industrial production, electricity generation and water provision. In 2008, as the world grappled with high oil prices, Kenya introduced price controls to cushion the blow for its citizens. The controls worked for over 10 years. But, since the start of April,…

The Conversation

3 High-Yield Energy Stocks to Buy in May

Energy prices are expected to remain high this year owing to the Russia-Ukraine war and elevated energy demand. So, energy companies could generate solid gains in coming quarters with record-high gas prices and highly fluctuating oil prices. Therefore, we think investors that are looking to generate a steady income stream…

StockNews.com

Starbucks And 2 Other Stocks Insiders Are Buying

Although the Dow Jones jumped by more than 400 points on Friday, there were a few notable insider trades.

Benzinga

Ten Nigerian cabinet ministers resign to run in next year's election

Ten Nigerian cabinet ministers, including the junior petroleum minister, have resigned to run in next year's election, the information minister said on Friday, with the president pledging to replace them to keep government running.

Reuters

Where Occidental Petroleum Stands With Analysts

Analysts have provided the following ratings for Occidental Petroleum (NYSE:OXY) within the last quarter:

Benzinga

Ujjwala scheme | 90 lakh beneficiaries do not get refills

Over 1 crore got refills only once, shows RTI reply

The Hindu

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France 24

Morocco's oases threatened by desertification

In tonight's edition: As the COP15 conference in Ivory Coast continues to discuss the threat of desertification, researchers warn that human behaviour has left billions around the world facing water scarcity. Also, Nigeria's national petroleum companies agree to supply jet fuel to the country's airlines. Operators had been prepared to…

Benzinga

Analyst Ratings for Laredo Petroleum

Laredo Petroleum (NYSE:LPI) has observed the following analyst ratings within the last quarter:

The Guardian - US

Exxon doubles down on ‘advanced recycling’ claims that yield few results

The petroleum company is under investigation for misleading the public while exacerbating the global plastic pollution crisis

The Hindu

Panneerselvam urges Stalin to take steps to bring petroleum products under GST net

AIADMK leader wants CM to discuss the issue with Nirmala Sitharaman

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The Hindu

Gang hurls Molotov cocktails at police team in Cuddalore; none injured

The gang was engaged in stealing scarp materials from an abandoned petroleum refinery

The Independent UK

California lays out plan to drastically cut fossil fuel use

California air regulators said Tuesday the state should cut petroleum use by 91% by 2045 in order to achieve ambitious climate change goals

Benzinga

Recap: Occidental Petroleum Q1 Earnings

Occidental Petroleum (NYSE:OXY) reported its Q1 earnings results on Tuesday, May 10, 2022 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Occidental Petroleum beat estimated earnings by 4.43%, reporting an EPS of $2.12 versus an estimate of $2.03.

Benzinga

This Is What Whales Are Betting On Occidental Petroleum

A whale with a lot of money to spend has taken a noticeably bullish stance on Occidental Petroleum. Looking at options history for Occidental Petroleum (NYSE:OXY) we detected 48 strange trades.

Benzinga

Looking Into Marathon Petroleum's Return On Capital Employed

According to Benzinga Pro, during Q1, Marathon Petroleum (NYSE:MPC) earned $1.17 billion, a 6.06% increase from the preceding quarter. Marathon Petroleum also posted a total of $38.38 billion in sales, a 7.8% increase since Q4.

The Hindu

Rupee’s plunge to ₹77.4 to a dollar and further will bring unprecedented challenges, warns Rahul Gandhi

Congress cites “runaway inflation, flight of capital, depleting foreign exchange, growing communal divide and policy paralysis” as reasons.

The Conversation

Three things that can go wrong at an illegal oil refinery in Nigeria

Years of government neglect and unemployment in Nigeria’s Niger Delta region have given rise to a widespread industry of illegally refining stolen oil.

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