Saturday Interview: Big Profits, Big Worries in Oil Fields
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David J. OâReilly, Chevronâs chairman and chief executive, spoke about the challenges oil companies face, the companyâs recent ads and the lack of an energy policy in the U.S.
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The worldâs top oil producers appear divided about how to respond to the threat of a sluggish global economy, and thus OPECâs meeting in Vienna on Tuesday may be contentious.
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Prices for oil and natural gas hit records in 2004, and energy mutual funds did almost as well. They were No. 2 for the industry, behind Latin American funds.
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Oil prices rose $2 on Tuesday on worries over tight inventories in the United States, the world's biggest energy consumer, and a threat of violence in Nigeria's oil region.
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This oil company has the chops to make a good investment.
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OIL continues to set new records by the day. Last Friday, it was in whispering distance of $50 a barrel as Iraq and the woes of the giant Russian producer, Yukos, kept markets on tenterhooks.
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Political headwinds are likely to batter this oil producer's results.
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(120 sec.) Africa's largest oil producer is facing a resurgence of violence and kidnappings driving oil prices up.
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CANNES, France  - Concerns about soaring oil  prices and terrorism have injected fresh caution into global  markets over the last six months, executives and investors said  at a technology conference in Cannes.
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ELEANOR HALL: The high price of oil is already threatening global economic growth, but that price could yet be pushed higher by events in Russia.
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BP Plc, the world's second largest oil  company, reported bumper third-quarter profits on Tuesday  thanks to high oil prices, but analysts said higher capital  expenditure plans raised some concerns about the extent of  future share buybacks.
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A Goldman Sachs  projection that  oil prices could top &#36;100 a barrel in the event of a major  supply disruption could be conservative in the current tight  market, said a senior executive with the investment bank.
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World crude prices have risen amid fears that supplies from the oil-rich Gulf of Mexico could be disrupted by Hurricane Ivan. Energy companies have evacuated thousands of offshore workers and shut down some production in the region.
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This unconventional resource offers plenty of problems -- and one giant opportunity.
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World No. 2 oil field company said profit squeezed by asbestos settlement, revenue higher on Iraq. HOUSTON  - Halliburton Co.
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Eye-popping profits earn respect on Wall Street but the billions big oil companies reaped in the fourth quarter are raising the wrath of U.S. presidential candidates trying to cater to voters' pocketbooks.
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The oil shipper has a host of problems including a resigning auditor. What's behind the fracas?