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Stock Market & Financial Investment News

News Breaks
January 2, 2013
18:31 EDTCOP, PSXCA Atty General sues Phillips 66, ConocoPhillips over environmental violations
California Attorney General Kamala D. Harris filed a civil lawsuit against Phillips 66 (PSX) and ConocoPhillips (COP) for allegedly violating state law by failing to properly inspect and maintain underground tanks used to store gasoline for retail sale at more than 560 gas stations in California.Reference Link
News For PSX;COP From The Last 14 Days
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March 27, 2015
06:37 EDTCOPOil retreats after Goldman says attacks won't have much impact, Reuters reports
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March 26, 2015
06:36 EDTCOPOil surges after Saudis attack Yemen rebels, Reuters reports
The price of West Texas Intermediate oil was up about 4% after Saudi Arabia and other countries bombed Iranian-backed rebel forces in Yemen, according to Reuters. OVerseas stocks fell signficantly following the attacks, the news service noted. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
March 25, 2015
09:29 EDTPSXRefining stocks can outperform commodities within cycle, says Cowen
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09:19 EDTPSXRefining sector price targets raised at Morgan Stanley
Morgan Stanley believes the market is underestimating US downstream earnings power. The firm expects US refining to re-rate, driven by relative valuations, secular tailwinds, and focus on shareholder returns. Morgan Stanley raised price targets on Valero (VLO) to $90 from $70, Tesoro (TSO) to $120 from $92, Phillips 66 (PSX) to $105 from $95, Western Refining (WNR) to $63 from $52, Delek US (DK) to $48 from $45, Marathon Petroleum (MPC) to $145 from $120, and PBF Energy (PBF) to $45 from $35.
March 23, 2015
13:28 EDTCOPConocoPhillips calls active into investor meeting
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March 22, 2015
17:59 EDTCOPOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTCOPWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTCOPOil prices fall again, Reuters reports
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March 19, 2015
07:45 EDTCOPSenate Energy & Natural Resources Committee to hold a hearing
The Committee holds a hearing entitled, "U.S. Crude Export Policy" with Senior Vice President of IHS, Carlos Pascual and Chairman & CEO of ConocoPhillips, Ryan Lance on March 19 at 10 am. Webcast Link
07:19 EDTCOPKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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March 17, 2015
08:31 EDTCOPConocoPhillips sees volume growth of 2%-3% in 2015
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March 16, 2015
11:11 EDTCOPOPEC sees oil prices to hit U.S. oil output by late 2015, Reuters says
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