New TNK-BP chief executive to be named in weeks (at MarketWatch) and Two Ways To Play: Fewer Jobs, Lots of People To Do Them (at Minyanville.com)

City of Industry, CA --(www.USEquityNews.com)-- 01/12/2009 - Major Integrated Oil & Gas industry alert provided by U.S. Equity News. By using this site, you agree to the Terms of Service and Privacy Policy . Intraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. More information on NASDAQ traded symbols and their current financial status. Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges. Dow Jones Indexes(SM) from Dow Jones & Company, Inc. SEHK intraday data is provided by Comstock and is at least 60-minutes delayed. All quotes are in local exchange time. Real-time last sale data provided by NASDAQ. By using this site, you agree to the Terms of Service and Privacy Policy . Intraday data provided by Interactive Data Real Time Services, a division of Interactive Data Corp. and subject to terms of use. Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data. [Read the full article]


NEW YORK (AP) -- Shares of some top oil companies are down at 10 a.m.:

Chevron (NYSE: CVX) fell $1.74 or 2.3 percent, to $72.50.
ConocoPhillips (NYSE: COP) fell $1.09 or 2.0 percent, to $52.90.
Exxon Mobil (NYSE: XOM) fell $.95 or 1.2 percent, to $78.14.
Marathon Oil (NYSE: MRO) fell $.24 or .8 percent, to $29.47. [Read the full article]

Weak Oil Prices Pull Down Chevron's (NYSE: CVX) Results
After the market close yesterday, Chevron (NYSE: CVX) provided a weaker-than-expected preliminary update for the fourth quarter of 2008. The update, which covers the first two months of the quarter, provides for below-guidance production of crude oil and natural gas and price realizations that are below benchmark levels.Realized margins in the downstream business were in line with benchmark levels, while throughput levels were as per guidance. The company also indicated that write-offs and other corporate items for the quarter will be higher than the previous guidance.On the whole, the update will result in downward adjustment for quarterly earnings for Chevron and set up the stage for what to expect from the other major integrated oil companies like Exxon (NYSE: XOM) and ConocoPhillips (NYSE: COP) in year-end results. [Read the full article]

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