Investing Blog

China released news today that it planned on raising its nationalized gas prices by 18 percent, perfect news for only oil company struggling with maximizing profits due to these set prices: Petrochina. Petrochina is the world’s largest oil company, it’s a nationalized product of China and at its highs had a market value of nearly $1 Trillion. This thing is huge. Read more…

Stocks oil, PTR

Chevron (CVX - 61.02) is reporting a $4 billion dollar first quarter profit, Exxon Mobil (XOM - 63.08) $8.4 billion, and ConocoPhillips (COP - 66.90 ) $3.29 billion. This past week these companies have been releasing their first quarter reports and many people are starting to wonder about these companies and the high oil (72)prices. I imagine the public and several politicians will be putting pressure on these companies looking for answers. Read more…

Stocks CEO, COP, CVX, oil, PTR, SHI, SNP, XOM