After two years of skyrocketing growth, oil and gas earnings are now past their peak. The good thing for the stocks is that the peak was remarkably high, and the decline is likely to be very gradual. ...
Tag: Cenovus Energy
BP Stock Regains Some Ground After Fire at Refinery Leaves Two Dead
Text size BP is the operator at the Toledo, Ohio refinery where two workers died in an accident on Wednesday. Greame Robertson/Getty Images Shares of oil giant BP (ticker: BP) retraced some of their l...
One of the World’s Dirtiest Oil Patches Is Pumping More Than Ever
TORONTO—Major oil companies, under pressure from investors and environmentalists, are fleeing Canada’s oil sands, the fourth-largest oil reserve in the world and by some measures one of the most envir...
Wall Street’s Favorite Oil Stocks for 2022—Including an Obscure One
Text size Bing Guan/Bloomberg Several analysts and strategists expect energy stocks to outperform the broader market in 2022, as they did in 2021. Energy tends to do well in inflationary environments,...