Topic: ConocoPhillips Company

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Despite oil prices, falling euro, Dow closes up slightly

Oil prices fell, the euro sank to a 22-month low, and the yield on the U.S. government's 10-year Treasury note fell near a historic low. But the Dow Jones industrial average edged up 125 points to close at 12580 as investors continue to hope for a Chinese growth spurt.
Stock market opens higher on hope for China

Stock market opened higher Tuesday amid optimism that China will take action to reverse the recent slowdown in its economic growth. Rising home prices also gave the stock market a boost.
Oil prices drive Delta Air Lines to buy its own refinery. Will that work?

Delta Air Lines wants to better control the cost of refining oil for jet fuel. The cost savings won't be enormous, but in such a competitive industry, every little bit helps.
Carbon trading: Why 'good' companies embrace 'bad' credits

When it comes to Europe's carbon-trading system, top companies like Dow Chemical, ConocoPhillips, and BP prefer to save a little money than hone their 'green' reputation.
The Reformed Broker
ConocoPhillips: Gas company split a huge opportunity for investors

The separation of Conoco from Phillips 66 should have benefits for investors in both companies.
Mysterious Gulf oil sheen: Where did it come from?

Scientists can't yet determine where the 10-mile stretch of oil sheen found Wednesday in the Gulf of Mexico originated, but they have ways of finding out. Shell oil is investigating.
Why gasoline could be in short supply this summer on East Coast

If Sunoco shutters a big oil refinery in Pennsylvania, gasoline to make up for the lost supply will need to be shipped to the East Coast from the Gulf coast or from Europe – and it will be a logistical nightmare to get it there.
Saving Money
$5 gas? Here's one way to really save: Invest.

$5 gas is going to pinch no matter how much you inflate your tires or slow your speed. But buying oil-sector shares can more than make up for the economic setback from $5 gas.
As cybercrime rises, so does a new – and successful – breed of cybercops

Cybercrime is increasing, but one new study finds that cybercops have become a lot more effective at discovering data breaches and informing the often unaware victims.
Tech stocks, market hit by Intel, Europe woes

Tech stocks fell on news that chipmaker Intel, a bellwether for tech stocks, cut its profit outlook. Moody's says it plans to review EU sovereign debt ratings, adding to the general market gloom.
Report: Chinese hackers launched summer offensive on US chemical industry

Chinese hackers sought to steal designs, formulas, and processes from chemical companies in the US and elsewhere, according to a report by cybersecurity firm Symantec. It's the latest example of Chinese hackers targeting a sector of the US economy.
Massive global cyberattack hits US hard: Who could have done it?

Cybersecurity firm McAfee says it infiltrated a 'command and control' server with detailed logs of five years of cyberattacks against targets ranging from the US government to the World Anti-Doping Agency. McAfee suggests a country was behind it. Experts suspect China.
Oil giant ConocoPhillips to split into 2 companies

ConocoPhillips shares jump almost 10 percent in premarket trading
ExxonMobil oil spill into the Yellowstone River prompts evacuations

Hundreds of barrels of crude oil spilled into Montana's Yellowstone River after an ExxonMobil pipeline beneath the riverbed ruptured, sending a plume 25 miles downstream and forcing temporary evacuations.
The Daily Reckoning
Natural gas booming in Asia

Natural gas is becoming an increasingly popular source of energy in Asia. Soon, Australia may compete with Qatar as the biggest exporter of liquefied natural gas.
In Poland, Obama looks to improve relations with key military ally

President Obama arrived in Poland Friday for the final leg of his European tour on a visit that will focus on military ties between Washington and Warsaw.
Medicare, entitlements on the table for cuts: Pelosi

Medicare, Social Security, and other entitlements must be looked at for cuts, House minority leader says. But in addition to Medicare, Congress should cut subsidies to oil industry.
Stocks close higher amid gains in oil prices

The Dow rose 65 points, and consumer staples and health care drove the S&P 500 up more than 6 points
Oil CEOs warn senators of downside to axing industry tax breaks

Five oil CEOs testified Thursday that a Senate bill to shrink their companies' tax breaks would mean less domestic oil production and higher gasoline prices. Democrats cite firms' big profits.
Democrats' deficit-cutting plan: Big Oil subsidies the first target

Senate Democrats on Tuesday began enumerating ways to cut the US budget deficit. Tax breaks for oil and gas companies topped their list, as they challenged Republicans to whittle 'subsidies.'
Stocks end lower in selloff as silver, oil slide

The Dow fell 83 points, and commodity prices fell due to concerns of an economic slowdown in the US, China, and India
Bernanke center stage: one of five things to watch April 27

Bernanke press conference will be one for history books – and traders. Earnings will also be released from the likes of Boeing, BP, Starbucks, and Moody's.
Week ahead: new transparency at the Fed and a gusher of earnings

The Fed will hold its first-ever quarterly briefing, and new data will likely reveal sluggish economic growth for the first quarter
Qaddafi's assets include luxury homes around world

Libyan dictator Muammar Qaddafi and his family own expensive real estate in London, New Jersey, and around the globe
Stocks climb back from lows to end higher

Dow average gains 161 points as traders send stocks up broadly. Dow is now positive for the year.