All Posts Tagged With: "XOM"
(FTI) FMC Technologies and Exxon Mobil Join Forces
Maker of oil drilling equipment, FMC Technologies Inc. (FTI) inked a deal with Exxon Mobil Corporation (XOM), the world’s largest publicly traded oil company. Per...20May2013 | vitalstocks | Comments Off | Continued
(CVX) Chevron Hits 52-Week High
Shares of Chevron Corp. (CVX) hit a 52-week high of $122.33 on May 2. In fact, the San Ramon, Calif.-based energy giant has seen its stock price climb some 10% since the beginning of the year. This price appreciation can be attributed...17May2013 | vitalstocks | Comments Off | Continued
(MHP) U.S. Crude Oil Supplies Hit Record High
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles jumped to their all-time high level, as imports climbed. The report further revealed that within the ‘refined products’ category, gasoline stocks fell, while distillate supplies were up from the week-ago levels....17May2013 | vitalstocks | Comments Off | Continued
(XOM) ExxonMobil Ensues $10 Billion Gas Facility
Energy giant, ExxonMobil Corporation (XOM), has inked an agreement with Qatar Petroleum International to proceed with the construction of a natural gas export terminal in Texas, valued at $10 billion, as per Bloomberg reports. Golden...15May2013 | vitalstocks | Comments Off | Continued
(CHK) Chesapeake Energy Disposes Texas Assets
Natural gas provider, Chesapeake Energy Corporation (CHK) has disposed 57,275 net acres and 11 producing wells in the Woodbine/Eagle Ford play in East Tex., to privately owned Energy & Exploration Partners, Inc. The buyer is an...27Apr2013 | vitalstocks | Comments Off | Continued
(MGV) Vanguard Switches Indexes for 8 U.S. ETFs – ETF News And Commentary
Vanguard has been leading the ultra-cheap ETF market, and is easily the top choice for investors seeking low-cost products in many fund categories. This technique has proven to be a winning strategy for the company as investors have flocked in droves to these low cost products, giving Vanguard over...24Apr2013 | vitalstocks | Comments Off | Continued
(IBM) Into the Heart of First Quarter Earnings Season – Earnings Preview
There is an air of disappointment in the market about the ongoing Q1 earnings season. Some of it is justified. After all, what else should investors think when companies like IBM (IBM) and GE (GE)...22Apr2013 | vitalstocks | Comments Off | Continued
(XOM) The World’s Newest (and Hottest) Emerging Market
What defines an “emerging” market? One of the most useful definitions comes from the fine folks at Wikipedia: “[An emerging market] signifies a business phenomenon that is not fully described by or constrained to geography or economic strength.” Most investors are familiar with the...21Apr2013 | InvestmentU | Comments Off | Continued
(IBM) The Market Now Moves Into the Heart of the First Quarter Earnings Season – Earnings Preview
There is an air of disappointment in the market about the ongoing Q1 earnings season. Some of it is justified. After all, what else should investors think when companies like IBM (IBM) and GE (GE)...19Apr2013 | vitalstocks | Comments Off | Continued
(XOM) Exxon Mobil Faces $236 Million Fine
Exxon Mobil Corp (XOM) was directed by a jury ruling to pay $236 million to New Hampshire to clean groundwater contamination caused by the gasoline additive Methyl Tertiary Butyl Ether (MTBE). Exxon Mobil added MTBE to gasoline to...18Apr2013 | vitalstocks | Comments Off | Continued
(STO) Statoil ASA and SOCAR to Explore Caspian
Norwegian giant Statoil ASA (STO) has inked a memorandum of understanding (MoU) with the State Oil Company of the Republic of Azerbaijan – SOCAR. Per the agreement – signed by the company’s chief executives in Baku –...18Apr2013 | vitalstocks | Comments Off | Continued
(XOM) ExxonMobil to Drill Liberia Block 13
Oil giant ExxonMobil Corporation’s (XOM) Liberian affiliate has finally completed the acquisition of an 80% interest in Liberia Block 13 (LB-13) from Canadian Overseas Petroleum (Bermuda) Ltd. (COPL). Liberia Block 13 is 18 miles...18Apr2013 | vitalstocks | Comments Off | Continued
(XLE) Stock Market News for April 15, 2013 – Market News
Benchmarks closed in the red following a series of disappointing domestic reports. Major indices retreated following four days of consecutive gains. Meanwhile, quite surprisingly, retail sales fell in the month of March. Consumer sentiment declined to its lowest level in nine months in April. The...15Apr2013 | vitalstocks | Comments Off | Continued
(PCE) Stock Market News for April 1, 2013 – Market News
Benchmarks finished the last trading session of the month on a positive note. The S&P 500 finally managed to post a new all time high on Thursday. Meanwhile, the number of Americans filing for unemployment benefits increased in the previous week. GDP data revealed that the U.S. economy expanded...11Apr2013 | vitalstocks | Comments Off | Continued
(MHP) U.S. Crude Stocks Up – Fuel Stocks Drop
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged another increase to hit their highest level since June last year, as refiner demand weakened. The report further revealed that refined product inventories – gasoline and distillate – fell from their...11Mar2013 | vitalstocks | Comments Off | Continued
(XOM) ExxonMobil Joins PetroChina in Iraqi West Qurna Oilfield Venture
China’s largest oil and gas producer – PetroChina – is interested in joining Texas-based ExxonMobil Corporation (XOM), for the development of West Qurna oilfield in southern Iraq. Both parties are yet to finalize on the size...5Mar2013 | Shawn | Comments Off | Continued
(CVX) Chevron Conducts Test at St. Malo PS003 Well in The Gulf of Mexico
U.S. oil major Chevron Corporation (CVX) announced that it carried out a production test at St. Malo PS003 well located in the deepwater Gulf of Mexico. The attempt was successful, with oil flow rate reported to be over 13,000 barrels...5Mar2013 | Shawn | Comments Off | Continued
(MHP) U.S. Domestic Crude Supplies Rise Again
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an increase, as imports climbed. The report further revealed that within the ‘refined products’ category, gasoline stocks fell, while distillate supplies were up from the week-ago levels. Meanwhile,...5Mar2013 | Shawn | Comments Off | Continued
(XHB) Stock Market News for February 26, 2013 – Market News
Benchmarks took a battering on Monday following uncertainty about the outcome of the Italian elections and a revival of euro zone concerns. The instability in the Italian government indicates European debt problems might resurface which in turn could weaken the global economy. The major indices logged...26Feb2013 | Shawn | Comments Off | Continued
(MHP) U.S. Domestic Crude Oil Supplies Rise
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an increase, as refinery demand weakened. The report further revealed that within the ‘refined products’ category, gasoline stocks rose, while distillate supplies were down from the week-ago levels. The...11Feb2013 | Shawn | Comments Off | Continued
(BP) BP Gets Shah Deniz Extension Nod
BP Plc (BP) received an additional 5-year extension (2031 to 2036) from Azerbaijan related to the Shah Deniz gas project. The extension follows the company’s deferment of the start date for phase 2 of the project. The British...31Jan2013 | Shawn | Comments Off | Continued
(STO) Statoil ASA Starts Exploration Drilling in Nanna Prospect
Norwegian major Statoil ASA (STO) has commenced the drilling of an exploration well at the Nanna prospect in the North Sea off Norway. The exploration well – 25/11-26 – is being spud by Diamond Offshore Drilling,...28Jan2013 | Shawn | Comments Off | Continued
(XOM) U.S. Refined Product Supplies Soar
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles logged an increase, as imports climbed and refinery demand weakened. The report further revealed that refined product inventories – gasoline and distillate – soared from their previous week levels on weakening...15Jan2013 | Shawn | Comments Off | Continued
(CVX) Chevron Crude Unit to be Back in February
U.S. energy behemoth Chevron Corporation (CVX) is almost through with repair work at its Richmond, California, refinery crude unit, according to people familiar with the situation. The integrated major could bring the facility online...15Jan2013 | Shawn | Comments Off | Continued
(CHK) Chesapeake Energy Stays Neutral
We maintain our long-term Neutral recommendation on the second largest natural gas producer in the U.S. ? Chesapeake Energy Corporation (CHK). The company’s better-than-expected third quarter results with higher production...10Jan2013 | Shawn | Comments Off | Continued
(XLE) Stock Market News for December 31, 2012 – Market News
Benchmarks ended in the red for the fifth consecutive day after fears intensified that U.S lawmakers may not be able to seal a deal on the Fiscal Cliff issue before January 1. The Dow Jones logged its longest five-day decline since July. Meanwhile, the pending home sales index jumped to its highest...1Jan2013 | Shawn | Comments Off | Continued
(XLF) Stock Market News for December 24, 2012 – Market News
Boehner’s “Plan B” failed to garner ample support from Republicans, dragging the benchmarks into negative territory on Friday. However, the benchmarks finished higher for the week. Both personal spending and demand for durable goods showed an upward trend in November. The financial and energy...24Dec2012 | Shawn | Comments Off | Continued
(XOM) Exxon Chooses Technip for Balder
U.S. supermajor ExxonMobil Corporation (XOM) has selected France’s Technip for its Balder Phase III development in the Norwegian North Sea. Per the contract, Technip will be accountable for the installation, tie-in and pressure...21Dec2012 | Shawn | Comments Off | Continued
(DEJ) Dejour farms out development of West Grand Valley
Dejour farms out development of West Grand Valley By Steven Ralston, CFA Dejour Energy (DEJ) announced the execution of an agreement to sell and farm-out approximately...10Dec2012 | Shawn | Comments Off | Continued
(XOM) U.S. Crude Oil Drilling Production at 18-Yr High
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles increased, as production climbed to its highest level in 18 years. The report further revealed that refined product inventories – gasoline and distillate – decreased from their previous week levels, as demand...3Dec2012 | vitalstocks | Comments Off | Continued