All Posts Tagged With: "XOM"
(EU) Chemical Industry Stock Outlook – January 2012 – Industry Outlook
Chemicals are generally used to make a wide variety of consumer goods and are also in the agriculture, manufacturing, construction and service industries. The chemical industry itself consumes 26% of its own output. Major industrial customers include rubber and plastic products,...
25Jan2012 | vitalstocks | 0 comments | Continued(CVX) Chevron: Still a Good Value
San Ramon, California-based Chevron Corporation (CVX) is one of the six super major oil and gas companies in the world and the second-largest energy firm in the U.S. behind Exxon Mobil (XOM). As a vertically-integrated oil entity, it is engaged in oil and gas exploration and...
22Jan2012 | vitalstocks | 0 comments | Continued(CVX) Chevron Hits Australian Gas Again
The Australian subsidiary of global integrated energy company Chevron Corp. (CVX) announced the discovery of natural gas in the Satyr-3 well, offshore Western Australia. This discovery, 113 miles north of Exmouth Plateau area, marks Chevron’s thirteenth in the country since...
21Jan2012 | vitalstocks | 0 comments | Continued(FTI) FMC Technologies and Anadarko Sign Service Deal
Oil drilling equipment maker FMC Technologies Inc. (FTI) inked a deal with Anadarko Petroleum Corporation (APC), whereby it will render subsea systems and life-of-field services to the latter. None of the parties disclosed the financial terms of the agreement. The Woodlands-based...
18Jan2012 | vitalstocks | 0 comments | Continued(APC) Anadarko Petroleum Hits Another Gas Find
Independent oil and gas producer Anadarko Petroleum Corporation (APC) made another discovery off the coast of Mozambique. This new find to a large extent substantiated the company’s projection that the Offshore Area 1 of Mozambique’s Rovuma Basin at the Lagosta prospect...
18Jan2012 | vitalstocks | 0 comments | Continued(XOM) U.S. Crude Oil Supplies Rise Sharply
The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of soaring imports and dwindling product demand, while gasoline supplies rose for the second straight week. The agency’s report further revealed that distillate...
13Jan2012 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for January 9, 2012 – Market News
The fact that the US unemployment rate has dropped to its lowest level since February 2009 failed to spark a rally on Friday. European concerns weighed on sentiment to drag the benchmarks marginally lower. However, the first week of 2012 ended on a positive note amidst a slew...
9Jan2012 | vitalstocks | 0 comments | Continued(LNG) Will Natural Gas Rebound This Year?
Among the most commonly asked questions by energy investors this new year is: will low natural gas prices continue in 2012 or will we see a durable rebound in prices from their multi-year plight? From a peak of about $13.60 per million British thermal units (MMBtu) in 2008 (referring...
8Jan2012 | vitalstocks | 0 comments | Continued(EPD) Enterprise Products Partners and Genesis Energy Sign Pipeline Plan
Enterprise Products Partners L.P. (EPD) and Genesis Energy L.P. (GEL) have inked a construction agreement for a crude oil gathering pipeline to serve the Lucius development area in the Gulf of Mexico. Southeast Keathley Canyon Pipeline Company LLC (“SEKCO”) – a 50:50...
8Jan2012 | vitalstocks | 0 comments | Continued(XOM) Crude Oil Stocks Rise Unexpectedly
The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of higher imports, while gasoline supplies fell for the second straight week. The agency’s report further revealed that distillate stocks posted a surprise...
3Jan2012 | vitalstocks | 0 comments | Continued(CMC) Company News for December 20, 2011 – Corporate Summary
• In a deal worth $560 million, Winn-Dixie Stores Inc. (NASDAQ:WINN) will be sold to supermarket operator Bi-Lo LLC. Following the development, shares of Winn-Dixie soared 70.1% • A company spokeswoman told Reuters that Procter & Gamble Co. (NYSE:PG) has stopped...
20Dec2011 | vitalstocks | 0 comments | Continued(XLE) Stock Market News for December 19, 2011 – Market News
Markets shed early gains to end mixed after Fitch ratings put seven European economies under credit watch negative. The gains were primarily a result of European developments as Italian government won a confidence vote on austerity measures. It was a choppy session for the benchmarks...
19Dec2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for December 15, 2011 – Market News
Spooked by European financial concerns and a sharp decline in commodity prices, benchmarks ended in negative territory for the third-straight day. Borrowing costs recorded euro-era highs and domestic economic data was not strong enough to negate lingering concerns. The Dow Jones...
15Dec2011 | vitalstocks | 0 comments | Continued(XOM) Crude Oil – Fuel Inventories Move Up
The U.S. Energy Department’s weekly inventory release showed an unexpected increase in crude inventories on the back of higher imports, while gasoline supplies rose for the fourth straight week. The agency’s report further revealed that distillate stocks posted a higher-than-expected...
9Dec2011 | vitalstocks | 0 comments | Continued(EIA) Shale Gas: A Boon or Bubble?
Over the last few years, a quiet revolution has been reshaping the energy business in the U.S. Known as ‘shale gas’ – natural gas trapped within dense sedimentary rock formations, or shale formations – it is being seen as a game changer, set to usher in an era of energy...
9Dec2011 | vitalstocks | 0 comments | Continued(PBR) Petroleo Brasileiro S.A. Strikes Oil in Santos Basin
Brazilian state-run energy giant Petroleo Brasileiro S.A. (PBR), or Petrobras S.A., announced the discovery of oil in the pre-salt reservoirs of the country’s Santos Basin. The new well reinforces the region’s potential of 5-8 billion barrels of recoverable reserves. Drilled...
7Dec2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Crude Oil – Fuel Supplies Rise
The U.S. Energy Department’s weekly inventory release showed that crude stockpiles increased more than expected on higher imports, while gasoline supplies rose for the third straight week. The agency’s report further revealed that distillate stocks posted a surprise build,...
2Dec2011 | vitalstocks | 0 comments | Continued(RDSA) Royal Dutch Shell plc-Iraq Joint Venture Goes Official
Following the approval from the Governmental bodies in mid-November, Iraq officially announced its natural gas exploration joint venture with Royal Dutch Shell plc (RDSA) and Japan’s Mitsubishi Corporation. The project, worth $17 billion, was inked almost three years after...
30Nov2011 | vitalstocks | 0 comments | Continued(CHK) Climate Change: At What Price Growth?
South Africa is playing host to the climate conference, which opens today in the city of Durban. Climate change conferences focus on reducing global temperatures, which appear to accelerate global warming. The Kyoto Protocol (1997), the game-changer in climate negotiations had...
28Nov2011 | vitalstocks | 0 comments | Continued(XOM) Crude Oil and Distillate Stocks Tumble
The U.S. Energy Department’s weekly inventory release showed an unexpected decrease in crude inventories, currently at their lowest level in almost two years, while gasoline supplies rose for the second straight week. The agency’s report further revealed that distillate...
26Nov2011 | vitalstocks | 0 comments | Continued(CHK) Shale Gas Development Pushed as Cleaner and Cheaper
The Obama Administration has set its eyes on developing domestic shale gas (natural gas trapped within dense rock formations) from sources such as the vast Marcellus Shale, which stretches from New York to Virginia. Besides being significantly cheaper than crude oil, reliance...
24Nov2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Petroleum and Distillate Stocks Shrink
The U.S. Energy Department’s weekly inventory release showed that crude inventories moved down, while gasoline stocks added to their supplies. The agency’s report further revealed that distillate stockpiles declined for the seventh-straight week. Meanwhile, refiners improved...
20Nov2011 | vitalstocks | 0 comments | Continued(CHK) Chesapeake Energy Service Business to Go Public
Chesapeake Energy Corporation (CHK) is contemplating to squeeze value from its oil-field service business – Chesapeake Oilfield Services LLC – by spinning it off in a public stock offering. The company aims to create value for investors and enhance the share price of the...
18Nov2011 | vitalstocks | 0 comments | Continued(OXY) Occidental Petroleum Corporation Outpaces Expectation
Occidental Petroleum Corporation’s (OXY) third quarter 2011 operating earnings jumped 47.3% to $2.18 per share from $1.48 per share in the year-ago quarter. Earnings beat our expectation for the quarter by a penny. GAAP net earnings during the quarter were $2.17 per share versus...
4Nov2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for November 4, 2011 – Market News
Greecereversed its call for a referendum on the European debt deal that calmed nerves and helped the markets log their second consecutive days of gains. A drop in weekly jobless claims further added to the cheer coupled with the European Central Bank’s decision to reduce the...
4Nov2011 | vitalstocks | 0 comments | Continued(COP) ConocoPhillips Beats The Street – Volume Falls
ConocoPhillips (COP) reported third-quarter 2011 adjusted earnings of $2.52 per share, comfortably beating the Zacks Consensus Estimate of $2.16. The earnings were also better than the year-earlier profit of $1.50. The outperformance was mainly on the back of higher price realizations...
26Oct2011 | vitalstocks | 0 comments | Continued(PZE) Latch Onto The Next Big Shale Gas Boom
by Justin Dove, Investment U Research Friday, October 7, 2011 Which country has the most shale gas reserves outside of the United States and China? Canada? Nope. Australia? Wrong again. According to the U.S. Energy Information Administration, Argentina ranks third in recoverable...
10Oct2011 | InvestmentU | 0 comments | Continued(XOM) Exxon Analyst Maintains Neutral Rating
We have maintained our Neutral recommendation for the world’s largest publicly traded oil company, ExxonMobil Corporation (XOM) for the long term. The oil giant’s superior record of return on capital employed, excellent credit profile and access of significant unconventional...
6Oct2011 | vitalstocks | 0 comments | Continued(XOM) U.S. Crude Oil, Fuel Inventories Rise
The U.S. Energy Department’s weekly inventory release showed a surprise build-up in crude stockpiles following three consecutive weeks of decline. The agency’s report further revealed that both gasoline and distillate stocks added to their supplies, while refiners reduced...
6Oct2011 | vitalstocks | 0 comments | Continued(CHK) Ohio’s Utica Shale Land Value Increases 10 Times
by Steve McDonald, Contributing Editor, Investment U Monday, October 3, 2011 What’s going on in Ohio is nothing short of a gas rights frenzy! Just when it seemed like the United States was becoming the Saudi Arabia of gas, Eastern Ohio starts oozing some of the richest shale...
4Oct2011 | InvestmentU | 0 comments | Continued