New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 20, 2013
07:20 EDTCVX, XOM, RDS.AChevron passes Shell, now second largest Western oil major, WSJ reports
Ten years ago, Chevron's (CVX) market capitalization was $70B, half that of Royal Dutch Shell (RDS.A). Now, Chevron is worth $232B, passing Shell's $215B. The lead looks sustainable, and points to important differences in the two oil majors' strategies and performance, reports the Wall Street Journal's "Heard on the Street." Generally, Chevron has grown without sacrificing returns. Reference Link
News For A;XOM From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 31, 2015
16:22 EDTXOMStocks end week higher in U.S. despite selloff in China
Subscribe for More Information
16:18 EDTXOMOn The Fly: Top stock stories for Friday
Subscribe for More Information
16:00 EDTXOMOptions Update; July 31, 2015
Subscribe for More Information
12:11 EDTXOMOn The Fly: Top stock stories at midday
The Wall Street averages began the session slightly lower, soon turned mixed and have all returned to positive ground near midday. The Nasdaq has been the strongest of the indexes throughout. The S&P 500 is trying to hold onto its gain of about 1.5% for the month as July comes to a close. ECONOMIC EVENTS: In the U.S., the employment cost index for the second quarter increased 0.2%, versus expectations for an increase of 0.6%. The Chicago PMI business barometer index bounced to 54.7 in July, topping the expected reading of 50.8. The final reading of the University of Michigan consumer confidence index for July came in at 93.1, which was down from the 93.3 flash reading and below the 94 that was expected. In Europe, Athex stated that the Athens Stock Exchange will reopen on August 3. COMPANY NEWS: Shares of Exxon Mobil (XOM) and Chevron (CVX) declined 2.9% and 3.6%, respectively, after both energy majors reported lower than expected earnings due to falling oil prices. Exxon noted that its Downstream and Chemical segment earnings increased significantly from the second quarter of last year, but that those higher earnings were more than offset by the impact of weaker Upstream realizations and lower asset management gains. Chevron, meanwhile, recorded impairments of $1.96B and other charges of approximately $670M relating to project suspensions and adverse tax effects, all of which stemmed from a downward revision in the company’s longer-term crude oil price outlook. MAJOR MOVERS: Among the notable gainers was Coca-Cola Enterprises (CCE), which rose 13% after the Wall Street Journal reported that the company is in advanced merger talks with Coca-Cola bottlers for Germany and the region of Spain, Portugal and Andorra. Also higher following their earnings reports were MoneyGram (MGI), which gained 27%, Expedia (EXPE), which added 10%, and SkyWest (SKYW), which rallied 20%. Among the noteworthy losers was FireEye (FEYE), which fell 5% after reporting quarterly results and announcing that CFO Michael Sheridan intends to leave the company. Also lower following their earnings reports were Ocwen Financial (OCN), which fell 28.5%, and Hanesbrands (HBI), which dropped 10%. INDEXES: Near midday, the Dow was up 10.36, or 0.06%, to 17,756.34, the Nasdaq was up 18.60, or 0.36%, to 5,147.38, and the S&P 500 was up 3.98, or 0.19%, to 2,112.61.
09:56 EDTXOMOptions with increasing volume on open
Subscribe for More Information
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
Subscribe for More Information
08:09 EDTXOMExxon Mobil sees Q3 shares repurchases of $500M
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
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
Subscribe for More Information
July 29, 2015
13:04 EDTXOMSaudi Arabia to lower oil production after summer, WSJ reports
Subscribe for More Information
July 28, 2015
05:34 EDTXOMVermilion Energy announces farm-in agreement in Germany
Subscribe for More Information
July 24, 2015
12:51 EDTXOMExxon Mobil volatility elevated into Q2 and outlook
Subscribe for More Information
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
06:13 EDTXOMExxon Mobil upgraded to Conviction Buy from Buy at Goldman
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use