Fox Lake Towing and Recovery

It may be the happiest season of the year, but higher crude oil prices that have translated into higher gasoline prices have many motorists frowning. The weak U.S. dollar and expectations of a more robust economic recovery in the coming year have helped push oil to over $90 a barrel.

Continue reading Gasoline Tops $3 a Gallon for First Time at Christmas

Gasoline Tops $3 a Gallon for First Time at Christmas originally appeared on DailyFinance on Thu, 23 Dec 2010 15:05:00.

Filed Under: Energy, Economy, Retail, Market News

Lower U.S. petroleum inventory and higher demand pushed oil prices past the $90-a-barrel mark Wednesday. Gasoline prices remain near $3 per gallon as a result.

Continue reading Lower Inventory and Higher Demand Pump Oil Prices Past $90 a Barrel

Lower Inventory and Higher Demand Pump Oil Prices Past $90 a Barrel originally appeared on DailyFinance on Wed, 22 Dec 2010 19:30:00.

Filed Under: Energy, Economy

Exxon Mobil Corp. (XOM) sold nine U.S. Gulf of Mexico oil and natural gas stakes to Energy XXI in a deal worth $1.01 billion.

The assets produce about 20,000 net barrels of oil a day, The Wall Street Journal said. They contain net proved and probable reserves of 66 million barrels of oil equivalent (BOE), of which 61% is actually oil.

“The ExxonMobil properties are an extraordinary fit with our…

Continue reading Exxon Mobil Sells $1 Billion of Gulf of Mexico Assets

Exxon Mobil Sells $1 Billion of Gulf of Mexico Assets originally appeared on DailyFinance on Mon, 22 Nov 2010 07:21:00.

Filed Under: Energy, Company News, Technology, Exxon Mobil, Green

Chevron Corp. (CVX) reported earnings of $1.87 for the quarter, down from $1.92 a year earlier. The 2009 results were boosted by upstream asset sales and discrete tax items.

Sales and other operating revenues were $48 billion in the third quarter of 2010, compared with $45 billion a year earlier, the company said in a statement. The increase was largely due to higher prices for crude oil, natural…

Continue reading Chevron Reports Third Quarter Earnings of $1.87 Per Share

Chevron Reports Third Quarter Earnings of $1.87 Per Share originally appeared on DailyFinance on Fri, 29 Oct 2010 08:47:00.

Filed Under: Company News, Earnings, Green, ETFs, Chevron

Occidental Petroleum (OXY) has promoted Chief Operating Officer Stephen Chazen to the position of CEO, effective next May.

Chazen will replace Ray Irani, who will continue as full-time executive chairman, the company said in a statement.

“Steve is a proven leader who has been an integral member of the senior management team for many years, and I am confident that he will continue…

Continue reading Occidental Petroleum Names Stephen Chazen as CEO

Occidental Petroleum Names Stephen Chazen as CEO originally appeared on DailyFinance on Thu, 14 Oct 2010 09:03:00.

Filed Under: Energy, Company News, Technology, People, Green