Wall

Lifted by high commodity prices and refinery margins, Chevron Corp. topped Wall Street expectations in the third quarter, reporting Friday that profits nearly doubled from a year earlier to $7.8 billion ($3.92/share) from $3.8 billion ($1.87). A consensus forecast by analysts had expected earnings to average $3.48/share in the latest period.

Natural gas industry stakeholders were encouraged to get up to speed and involved in the complicated and long implementation process now under way on the Dodd-Frank Wall Street Reform and Consumer Protection Act during a panel discussion at the LDC Gas Forum: Rockies & West meeting Tuesday in Los Angeles.

None of the legislation to amend Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act being considered by the House Agriculture Committee “proposes dramatic changes to Dodd-Frank,” according to committee Chairman Frank Lucas (R-OK).

Tulsa-based oil and gas exploration and production company Samson Investment Co. could be in play, according to a Tuesday report by The Wall Street Journal, which cited unnamed sources who said the company is “considering strategic options.” A deal could be worth as much as $10 billion, the paper said.

In today’s uncertain economic and public policy environment, senior executives are leery of Wall Street’s ready appetite for mergers and acquisitions (M&A), according to a panel of three executives discussing growing rate base Tuesday at the Bank of America Merrill Lynch Power and Gas Leaders Conference in New York City.

The Commodity Futures Trading Commission’s (CFTC) latest proposals mandating compliance with the Dodd-Frank Wall Street Reform Act, which the agency voted out earlier this month, lack the detailed direction and guidance that traders need to make the transition to a regulated derivatives market, said CFTC Commissioner Scott O’Malia last Tuesday.

The Commodity Futures Trading Commission’s (CFTC) latest proposals mandating compliance with the Dodd-Frank Wall Street Reform Act, which the agency voted out last week, lack the detailed direction and guidance that traders need to make the transition to a regulated derivatives market, said CFTC Commissioner Scott O’Malia Tuesday.

Many of the regulatory reforms being implemented and proposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act will be vulnerable to legal challenges if the Commodity Futures Trading Commission (CFTC) fails to conduct a “robust cost-benefit analysis” of the new rules, said CME Group last week.

Many of the regulatory reforms being implemented and proposed under the Dodd-Frank Wall Street Reform and Consumer Protection Act will be vulnerable to legal challenges if the Commodity Futures Trading Commission (CFTC) fails to conduct a “robust cost-benefit analysis” of the new rules, said CME Group Monday.