Following a plethora of jumps and drops, the price of crude oil rose an impressive 45% last year. This helped ‘Energy’ to be crowned as the top performing S&P sector in 2016 with a market-thumping 24% return. By February, prices plunged all …
Baker Hughes Inc. said it would use the $3.5 billion break up fee it will receive from Halliburton Co. after their merger was scrapped to buy back $1.5 billion worth of its stock and repay $1 billion in debt. The stock fell 1.6% in premarket trade …
This is in addition to ₹162 crore paid as dividend tax," a release quoted HAL CMD T. Suvarna Raju as saying. For the previous year, the audited turnover was ₹16,736 crore and pre-tax profit ₹3,288 crore. During fiscal 2016-17 the …
With oil trading in the mid-$40 range, shares of companies operating within the oil and gas industry have been brutalized, leaving some great buying opportunities for long-term oriented investors. And one of my favorite picks in the oil and gas …
It was a week where both oil and natural gas prices suffered big losses. On the news front, oilfield service majors Schlumberger Ltd. SLB and Halliburton Co. HAL kicked off the energy earnings season. Importantly, both the …