Chevron sees sharply lower Q1 profit

Chevron Corp warned that first-quarter earnings would be sharply lower than the previous quarter as lower oil and gas prices took a toll and refined-product margins shrank significantly.

Palin defends natural-gas pipeline strategy

Amid economic jitters and worries about diminished investor interest in a massive North Slope natural gas pipeline, Alaska Gov. Sarah Palin on Wednesday defended her efforts to secure the mega-project that has been pursued for decades and that has been a centerpiece of her political career.

Total Profit Soars on Record Oil Prices

French oil company Total SA said Wednesday its first-quarter net profit jumped 18 percent as record oil prices made up for the weak dollar and a drop in refining margins.

BP and Conoco Partner in Alaska Gas Pipeline Deal

BP and ConocoPhillips announced plans on Tuesday to combine resources and form the Alaska Gas Pipeline, which will produce approximately 4 billion cubic feet of natural gas per day to markets and cost at least $20 billion.

U.S. Stocks Drop, Financials Gain

U.S. stocks dropped on Wednesday, failing to extend the market's best day in nearly five years led mainly by energy and mining companies as oil dropped more than $4 a barrel while gold fell the most in nearly two years.

ConocoPhillips encouraged by Venezuelan talks

ConocoPhillips Chief Executive James Mulva said on Wednesday he was encouraged by the ongoing talks with Venezuela on reaching a compensation deal over the seizure of the oil company's assets there.

ConocoPhillips Profits Surge 65 percent

ConocoPhillips, the third largest U.S. oil company, released its earnings for the second quarter of 2006 on Thursday, showing a surge in net profit attributed to the inclusion of the recently acquired Burlington Resources and high oil prices.

Energy Deals Flourish Even With Lofty Price Tags

Anadarko Petroleum Corp.'s blockbuster $21 billion move on Friday to buy two sizeable U.S. oil and gas companies signals that a rush is on to grab energy assets, even with their lofty price tags.