Exxon Mobil Corp (XOM) 89.39 $XOM
Stock Market News for June 24, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:10AM CDT
Benchmarks ended higher on Thursday, with the Dow posting its biggest gain since March as the latest poll showed support for the U.K
JPM: 59.60 (-4.45), C: 40.30 (-4.16), EOG: 81.06 (-3.44), XOM: 89.39 (-2.41), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), CVX: 101.90 (-2.54), BRK.B: 139.71 (-6.27)
Emerging Markets to Drive the Future of Coal
Adam Arif - Zacks Investment Research - Thu Jun 23, 4:56PM CDT
Despite anticipated trends favoring clean energy use, global developments suggest coal will continue to take up a substantial portion of the global energy space.
CNX: 14.58 (-0.91), TCK: 11.79 (-0.99), BHP: 27.23 (-2.17), XOM: 89.39 (-2.41), RIO: 28.76 (-2.33)
Exxon Mobil Shares Offloaded by Supreme Court Judge Alito
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 8:51AM CDT
After being barred from participating in cases involving the world's biggest publicly traded oil company ExxonMobil Corporation (XOM) for almost a decade, U.S. Supreme Court Judge Samuel Alito finally sold his shares in the entity.
KMI: 17.99 (-0.91), TGT: 69.35 (-0.43), SYY: 49.92 (-0.37), XOM: 89.39 (-2.41)
Exxon Mobil Stock Has Limited Downside
Jack Foley - Amigobulls - Thu Jun 23, 4:38AM CDT
Although the company is still running a cash flow deficit, analysts expect Exxon to be cash flow neutral at $40 a barrel.
XOM: 89.39 (-2.41)
Is Exxon Mobil (XOM) Stock a Solid Choice Right Now?
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 7:44AM CDT
Exxon Mobil (XOM) looks like an interesting choice for investors, as it is seeing solid estimate revisions and belongs to a great industry.
XOM: 89.39 (-2.41)
ExxonMobil's Russian Project May Get Nod to Export to China
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 7:31AM CDT
ExxonMobil Corp.???s (XOM) oil and gas project on the Russian Pacific island of Sakhalin is likely to get rights to export natural gas to China.
SOL: 1.19 (-0.05), XOM: 89.39 (-2.41), FF: 10.43 (-0.44), CVRR: 8.16 (-0.13)
ExxonMobil and The Open Group to Host Event for Next-Generation Open Interoperable Process Control Framework
BusinessWire - Fri Jun 17, 11:35AM CDT
ExxonMobil Research and Engineering Company and The Open Group will host an Industry Day for Users in support of next-generation open interoperable process control framework on June 27 at the ExxonMobil campus in Spring, Texas.
XOM: 89.39 (-2.41)
ExxonMobil and BHP Billiton Planning Australian Exodus
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 8:04AM CDT
ExxonMobil Corp. (XOM) and BHP Billiton Ltd. (BHP) are contemplating disposing a number of depleting oil and natural gas fields in Australia.
BAK: 11.39 (-0.63), BHP: 27.23 (-2.17), XOM: 89.39 (-2.41), NADL: 6.80 (-1.02)
Wal-Mart Up on Expectations of Solid Sales Increase by 2019
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 7:29AM CDT
Shares of Wal-Mart Stores Inc. rose 0.25% on Jun 16 after the CEO of the retail giant said that the company expects to increase sales by up to $60 billion by 2019.
AMZN: 698.96 (-23.12), WMT: 71.96 (-0.14), XOM: 89.39 (-2.41), AAPL: 93.40 (-2.70)
Research and Markets - Global Marine Lubricants Market 2016 - Forecasts to 2020 with ExxonMobil, Castrol, Chevron, Shell & Total Lubmarine Dominating
PR Newswire Europe - Fri Jun 17, 7:11AM CDT
DUBLIN, June 17, 2016 /PRNewswire/ --
XOM: 89.39 (-2.41)
Oil Slips as Brexit & Fed Fears Outweigh Small Stock Draw
Nilanjan Choudhury - Zacks Investment Research - Thu Jun 16, 11:08PM CDT
WTI futures fell yesterday as the market's nervousness over Brexit and Fed rate decision more than offset the modest inventory decline.
PSX: 78.62 (-2.25), VLO: 52.56 (-1.15), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), HFC: 24.16 (-0.64), CVX: 101.90 (-2.54)
Nordic American Tankers Limited (NYSE:NAT) -- Expanded cooperation with a key client
GlobeNewswire - Thu Jun 16, 7:02AM CDT
Nordic American Tankers Ltd. (NYSE:NAT) announced that it has entered into a 30 months charter contract with a subsidiary of ExxonMobil (EM) for one of the NAT suezmaxes. The firm period is 18 months with an option of further 12 months. The gross revenue from the contract of 30 months is about $25 million, reflecting a time charter rate between $25,000 and $30,000 per day. The charter is scheduled to commence in a few days. The cash breakeven level of NAT, including all G&A costs and financial items, is now about $11,000 per day per vessel, spread across 30 units.
NAT: 14.44 (-0.15), XOM: 89.39 (-2.41)
A Bullish Case for Oil with No Production Growth in Sight
Adam Arif - Zacks Investment Research - Wed Jun 15, 5:23PM CDT
Depleting supplies and a record demand of oil products are likely to act cohesively and systematically bring balance to the market.
PBR: 6.74 (-0.47), RDS.A: 51.62 (-3.55), CHK: 4.37 (-0.27), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), CVX: 101.90 (-2.54)
Petrobras (PBR) Likely to Divest Stakes in Japanese Unit
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 9:12AM CDT
Brazil's state-run energy giant Petroleo Brasileiro S.A. or Petrobras (PBR) is reportedly planning to auction its stakes in its Japanese unit on the tropical island of Okinawa.
PBR: 6.74 (-0.47), MDR: 4.80 (-0.33), RDS.A: 51.62 (-3.55), XOM: 89.39 (-2.41)
International Financing for Local Acquisition of Shipyard
PR Newswire Europe - Tue Jun 14, 11:00AM CDT
First National Partners of Atlanta, GA structured and sourced financing for Fairway Offshore, a local Nigerian marine service company, to make an offer to acquire from foreign ownership, develop and expand a shipyard located in Onne Port Complex, Nigeria, which is a free zone and the logistic center for the oil and gas industry. Proposed funding is US$62.2mn.
XOM: 89.39 (-2.41)
Stock Market News for June 24, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:10AM CDT
Benchmarks ended higher on Thursday, with the Dow posting its biggest gain since March as the latest poll showed support for the U.K
JPM: 59.60 (-4.45), C: 40.30 (-4.16), EOG: 81.06 (-3.44), XOM: 89.39 (-2.41), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), CVX: 101.90 (-2.54), BRK.B: 139.71 (-6.27)
Emerging Markets to Drive the Future of Coal
Adam Arif - Zacks Investment Research - Thu Jun 23, 4:56PM CDT
Despite anticipated trends favoring clean energy use, global developments suggest coal will continue to take up a substantial portion of the global energy space.
CNX: 14.58 (-0.91), TCK: 11.79 (-0.99), BHP: 27.23 (-2.17), XOM: 89.39 (-2.41), RIO: 28.76 (-2.33)
Exxon Mobil Shares Offloaded by Supreme Court Judge Alito
Zacks Equity Research - Zacks Investment Research - Thu Jun 23, 8:51AM CDT
After being barred from participating in cases involving the world's biggest publicly traded oil company ExxonMobil Corporation (XOM) for almost a decade, U.S. Supreme Court Judge Samuel Alito finally sold his shares in the entity.
KMI: 17.99 (-0.91), TGT: 69.35 (-0.43), SYY: 49.92 (-0.37), XOM: 89.39 (-2.41)
Exxon Mobil Stock Has Limited Downside
Jack Foley - Amigobulls - Thu Jun 23, 4:38AM CDT
Although the company is still running a cash flow deficit, analysts expect Exxon to be cash flow neutral at $40 a barrel.
XOM: 89.39 (-2.41)
Is Exxon Mobil (XOM) Stock a Solid Choice Right Now?
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 7:44AM CDT
Exxon Mobil (XOM) looks like an interesting choice for investors, as it is seeing solid estimate revisions and belongs to a great industry.
XOM: 89.39 (-2.41)
ExxonMobil's Russian Project May Get Nod to Export to China
Zacks Equity Research - Zacks Investment Research - Mon Jun 20, 7:31AM CDT
ExxonMobil Corp.???s (XOM) oil and gas project on the Russian Pacific island of Sakhalin is likely to get rights to export natural gas to China.
SOL: 1.19 (-0.05), XOM: 89.39 (-2.41), FF: 10.43 (-0.44), CVRR: 8.16 (-0.13)
ExxonMobil and The Open Group to Host Event for Next-Generation Open Interoperable Process Control Framework
BusinessWire - Fri Jun 17, 11:35AM CDT
ExxonMobil Research and Engineering Company and The Open Group will host an Industry Day for Users in support of next-generation open interoperable process control framework on June 27 at the ExxonMobil campus in Spring, Texas.
XOM: 89.39 (-2.41)
ExxonMobil and BHP Billiton Planning Australian Exodus
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 8:04AM CDT
ExxonMobil Corp. (XOM) and BHP Billiton Ltd. (BHP) are contemplating disposing a number of depleting oil and natural gas fields in Australia.
BAK: 11.39 (-0.63), BHP: 27.23 (-2.17), XOM: 89.39 (-2.41), NADL: 6.80 (-1.02)
Wal-Mart Up on Expectations of Solid Sales Increase by 2019
Zacks Equity Research - Zacks Investment Research - Fri Jun 17, 7:29AM CDT
Shares of Wal-Mart Stores Inc. rose 0.25% on Jun 16 after the CEO of the retail giant said that the company expects to increase sales by up to $60 billion by 2019.
AMZN: 698.96 (-23.12), WMT: 71.96 (-0.14), XOM: 89.39 (-2.41), AAPL: 93.40 (-2.70)
Research and Markets - Global Marine Lubricants Market 2016 - Forecasts to 2020 with ExxonMobil, Castrol, Chevron, Shell & Total Lubmarine Dominating
PR Newswire Europe - Fri Jun 17, 7:11AM CDT
DUBLIN, June 17, 2016 /PRNewswire/ --
XOM: 89.39 (-2.41)
Oil Slips as Brexit & Fed Fears Outweigh Small Stock Draw
Nilanjan Choudhury - Zacks Investment Research - Thu Jun 16, 11:08PM CDT
WTI futures fell yesterday as the market's nervousness over Brexit and Fed rate decision more than offset the modest inventory decline.
PSX: 78.62 (-2.25), VLO: 52.56 (-1.15), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), HFC: 24.16 (-0.64), CVX: 101.90 (-2.54)
Nordic American Tankers Limited (NYSE:NAT) -- Expanded cooperation with a key client
GlobeNewswire - Thu Jun 16, 7:02AM CDT
Nordic American Tankers Ltd. (NYSE:NAT) announced that it has entered into a 30 months charter contract with a subsidiary of ExxonMobil (EM) for one of the NAT suezmaxes. The firm period is 18 months with an option of further 12 months. The gross revenue from the contract of 30 months is about $25 million, reflecting a time charter rate between $25,000 and $30,000 per day. The charter is scheduled to commence in a few days. The cash breakeven level of NAT, including all G&A costs and financial items, is now about $11,000 per day per vessel, spread across 30 units.
NAT: 14.44 (-0.15), XOM: 89.39 (-2.41)
A Bullish Case for Oil with No Production Growth in Sight
Adam Arif - Zacks Investment Research - Wed Jun 15, 5:23PM CDT
Depleting supplies and a record demand of oil products are likely to act cohesively and systematically bring balance to the market.
PBR: 6.74 (-0.47), RDS.A: 51.62 (-3.55), CHK: 4.37 (-0.27), COP: 43.17 (-2.46), XOM: 89.39 (-2.41), CVX: 101.90 (-2.54)
Petrobras (PBR) Likely to Divest Stakes in Japanese Unit
Zacks Equity Research - Zacks Investment Research - Wed Jun 15, 9:12AM CDT
Brazil's state-run energy giant Petroleo Brasileiro S.A. or Petrobras (PBR) is reportedly planning to auction its stakes in its Japanese unit on the tropical island of Okinawa.
PBR: 6.74 (-0.47), MDR: 4.80 (-0.33), RDS.A: 51.62 (-3.55), XOM: 89.39 (-2.41)
International Financing for Local Acquisition of Shipyard
PR Newswire Europe - Tue Jun 14, 11:00AM CDT
First National Partners of Atlanta, GA structured and sourced financing for Fairway Offshore, a local Nigerian marine service company, to make an offer to acquire from foreign ownership, develop and expand a shipyard located in Onne Port Complex, Nigeria, which is a free zone and the logistic center for the oil and gas industry. Proposed funding is US$62.2mn.
XOM: 89.39 (-2.41)
