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Stock Market & Financial Investment News

News Breaks
June 12, 2014
06:59 EDTXOM, APCAnadarko takeover by Exxon Mobil unlikely, says JPMorgan
JPMorgan believes an Anadarko (APC) takeover by Exxon Mobil (XOM), as rumored during the trading day yesterday, is not likely. The firm notes that Anadarko listed its net asset value in March at above $140 per share. As such, the firm thinks management could require a premium to the NAV in a corporate takeover. JPMorgan believes a more likely scenario is Anadarko undertaking accretive transactions, including the monetization of assets. It has an Overweight rating on the stock.
News For APC;XOM From The Last 14 Days
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July 31, 2015
09:56 EDTXOMOptions with increasing volume on open
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09:38 EDTXOMExxon Mobil drops after earnings, levels to watch
Shares were last at $80.30 at time of writing, down over 3%. At that price support is at the low of the day at $79.82 and then at the 52-week low at $78.97. Resistance is at $81.60.
09:17 EDTXOMExxon Mobil reports Q2 capital and exploration expenditures down 16% to $8.3B
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08:09 EDTXOMExxon Mobil sees Q3 shares repurchases of $500M
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08:07 EDTXOMExxon Mobil CEO says Q2 results reflect 'disparate impacts' of commodity prices
“We are delivering on our investment and operating commitments across ExxonMobil’s integrated portfolio. Our quarterly results reflect the disparate impacts of the current commodity price environment, but also demonstrate the strength of our sound operations, superior project execution capabilities, as well as continued discipline in capital and expense management,” said Rex Tillerson, chairman and CEO. Downstream and Chemical segment earnings increased significantly from the second quarter of 2014, driven by higher margins, continued strong demand, and the quality of the company’s product and asset mix. Higher Downstream and Chemical earnings were more than offset by the impact of weaker Upstream realizations and lower asset management gains.
08:06 EDTXOMExxon Mobil reports Q2 Downstream earnings up $795M to $1.5B
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08:03 EDTXOMExxon Mobil reports Q2 Upstream volumes up 3.6%
ExxonMobil produced 4M oil-equivalent barrels per day, an increase of 139,000 barrels per day, or 3.6%. Liquids volumes of 2.3M barrels per day increased 11.9%, benefiting from new developments in Angola, Canada, Indonesia and the United States. Upstream earnings were $2B in Q2, down $5.9B from the second quarter of 2014. Lower liquids and gas realizations decreased earnings by $4.5B, while volume effects increased earnings by $330M driven by new developments. All other items decreased earnings by $1.7B, including the one-time $260M deferred income tax impact related to the tax rate increase in Alberta, Canada, and the absence of prior year asset management gains.
08:01 EDTXOMExxon Mobil reports Q2 EPS $1.00, consensus $1.11
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July 30, 2015
16:00 EDTXOMOptions Update; July 30, 2015
iPath S&P 500 VIX Short-Term Futures down 11c to 16.05. Option volume leaders: AAPL FB SPLS X TWTR BAC NFLX MU CHK BIDU WFM HPQ LNKD MDLZ XOM
15:04 EDTXOMNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's open, with earnings consensus, include Exxon Mobil (XOM), consensus $1.11... Chevron (CVX), consensus $1.16... Seagate Technology (STX), consensus 64c... Tyco (TYC), consensus 56c... Newell Rubbermaid (NWL), consensus 62c... LifePoint Health (LPNT), consensus 99c.
09:26 EDTXOMExxon Mobil, Rosneft file joint bid for Mozambique licenses
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July 29, 2015
13:04 EDTXOMSaudi Arabia to lower oil production after summer, WSJ reports
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July 28, 2015
16:32 EDTAPCAnadarko sees Q3 Total Sales Volumes 71-73 MMBOE
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16:31 EDTAPCAnadarko reports Q2 EPS ex-items 1c, consensus (51c)
Reports Q2 revenue $2.64B, consensus $2.66B. During Q2, Anadarko's sales volumes of oil, natural gas and natural gas liquids totaled 77 million barrels of oil equivalent, or an average of 846,000 BOE per day. The company also updated its full-year 2015 sales-volume guidance to a range of 298 million to 302 million BOE, which excludes 2015 sales volumes associated with the divestitures of EOR and Bossier. Anadarko expects to achieve its objective of drilling more than 200 wells in the Eagleford Shale this year with fewer rigs than initially anticipated. Anadarko ended Q2 with approximately $2.2B of cash on hand.
15:21 EDTAPCNotable companies reporting after market close
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05:34 EDTXOMVermilion Energy announces farm-in agreement in Germany
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July 24, 2015
12:51 EDTXOMExxon Mobil volatility elevated into Q2 and outlook
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July 22, 2015
06:39 EDTXOMEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:29 EDTAPCAnadarko coverage assumed with an Outperform at Credit Suisse
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06:13 EDTXOMExxon Mobil upgraded to Conviction Buy from Buy at Goldman
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