Wall Street’s consensus sees the S&P 500 tacking on an 11% gain over the next 12 months — with lots of ups and downs along the way. That has us inclined to play defense, with an eye toward bargain stocks paying generous, susta…
One would think that BP’s massive Gulf of Mexico oil spill this year would have given pause to the global oil industry, but that doesn’t appear to be the case. Companies in the sector are planning to spend a record $490 billion…
Chevron (CVX) will buy Atlas Energy (ATN) for $3.2 billion cash and $1.1 billion of assumed net debt. Acquiring Atlas will give Chevron a greater presence in the Pennsylvania’s Marcellus Shale natural-gas deposits.
“This acquisition is the right opportunity for Chevron,” said George L. Kirkland, Chevron vice chairman. “We are acquiring a company that has one of the premier acreage…
Continue reading Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion
Chevron to Buy Atlas Energy in Deal Worth $4.3 Billion originally appeared on DailyFinance on Tue, 09 Nov 2010 07:48:00.
Filed Under: Energy, Company News, Technology, Green, Chevron
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…
Stocks fell sharply Tuesday after a surprise rate hike from China’s central bank and mixed quarterly earnings reports led to heavy selling in technology, materials and energy stocks.
Continue reading Dow Dives …