ConocoPhillips said on Thursday it would spin off its refining and marketing operation, in hopes each arm would be worth more as a separate company.
Time Inc.'s Fortune magazine released its annual Fortune Global 500 list, which is a ranking of the top 500 corporations worldwide as measured by revenue. Start slideshow to view a gallery of the top 10 biggest companies in the US.
While natural gas companies like ConocoPhillips and Chesapeake Energy Corporation are making big bets on wells that are supposed to extract energy from shale formations, the New York Times reported that an investigation of e-mails and documents shows industry insiders have doubts as to whether the companies will be able to deliver on their promises to investors.
The companies whose shares are moving in pre-market trade on Thursday are: Polypore International, Whole Foods Market, Macy's, Aeropostale, Windstream, Bristol Myers Squibb, Ion Geophysical, Marathon Oil, ConocoPhillips, Gap and Allergan.
Futures on major U.S. stock indices point to a higher opening on Wednesday ahead of US Federal Reserve’s meeting and Census Bureau's durable goods orders report.
China's Sinopec clinched the second-largest single Chinese liquefied natural gas deal, and ventured for the first time into a foreign unconventional gas asset to feed a domestic boom for the clean fuel.
The companies whose shares are moving in pre-market trade on Thursday are: Priceline.Com, Integrys Energy, ConocoPhillips, Chesapeake Energy, Chevron Corp, E TRADE Financial, Red Hat, Suntrust Banks, Monster Worldwide and eBay.
U.S. oil company ConocoPhillips raised its quarterly dividend 20 percent on Friday and said it would buy back $10 billion in shares of its stock, lifting its share price nearly 2 percent.
The companies that reported earnings before the markets open on Wednesday are: Boeing, ConocoPhillips, Abbott, General Dynamics, United Technologies, Southern Co., Hess, Xerox, Rockwell Automation and Wellpoint.
Futures on major U.S. indices point to higher opening on Wednesday ahead of the US Federal Reserve’s meeting and new home sales data.
The companies which are expected to see active trade on Wednesday are: Boeing, Xerox, Starbucks, Symantec, ConocoPhillips, Abbott Laboratories, Allegheny, Automatic Data Processing, Eastman Kodak and General Dynamics.
BP, Total, Eni and other international majors were awarded concessions to explore in Angola's ultra-deep water blocks known as pre-salt blocks, Angola's state-owned oil firm Sonangol said on Monday.
Royal Dutch Shell Plc said second-quarter current cost of supply net income jumped 94 percent to $4.53 billion thanks to a strong operating environment and a speedy restructuring of the group.
ConocoPhillips , the third-largest U.S. oil company, reported a 150 percent increase in underlying quarterly profit, in a dramatic bounceback of its volatile refining business.
Oil and gas producers ConocoPhillips, ENI and BG Group reported big jumps in second quarter profits on Wednesday thanks to higher oil and gas prices and firmer refining margins.
ConocoPhillips , the third-largest U.S. oil company, reported a better-than expected quarterly profit on Wednesday and said it will sell its entire stake in Lukoil.
TransCanada Corp would offer equity stakes in its $41 billion Alaska gas pipeline to companies proposing a rival project, but there have been no talks to date, a TransCanada executive said on Tuesday.
U.S. lawmakers blasted major oil companies on Tuesday for virtually worthless and cookie cutter plans to handle a deepwater oil disaster as top industry executives testified on BP's massive spill in the Gulf of Mexico.
Higher oil prices boosted quarterly profits for Exxon Mobil Corp and ConocoPhillips , but Exxon saw its earnings hurt by recently enacted U.S. health reform legislation.
The Fortune 500 largest U.S. companies slashed a record 821,000 jobs last year, even as their collective profit soared more than three-fold to $391 billion.
Nearly all the major oil companies are looking across Europe for shale gas, an unconventional energy source that has transformed the U.S. energy market.
Warren Buffett's Berkshire Hathaway Inc reported lower stakes in ConocoPhillips, Johnson & Johnson and Procter & Gamble Co in the fourth quarter.
