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News Breaks | | | | March 20, 2013 | | 07:20 EDT |  | CVX, XOM, RDS.A | Chevron 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 | |
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News For A;XOM From The Last 14 Days Check below for free stories on A;XOM the last two weeks. |
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| June 18, 2013 | | 07:13 EDT | | XOM | U.S. oil exports highest in 30 years, Bloomberg reports
 Subscribe for More Information | | | 06:04 EDT | | XOM | Energy firms may look to courts over U.S. natural gas exports, Reuters reports
Subscribe for More Information | | | June 14, 2013 | | 08:06 EDT | | XOM | LNG trade declined in 2012, FT reports
Subscribe for More Information | | | June 13, 2013 | | 14:29 EDT |  | XOM | U.S., Arkansas file joint complaint against Exxon for Pegasus spill
Subscribe for More Information | | | 07:09 EDT | | XOM | U.S. crude oil production surged 14% in 2012, WSJ reports
U.S. crude oil production grew by over 1M barrels a day last year, the largest increase in the world and the largest in U.S. history. In the latest sign of the shale revolution remaking world energy markets, crude production in the U.S. jumped 14% last year to 8.9M barrels a day, according to the newly released Statistical Review of World Energy, published by BP, reports the Wall Street Journal.Reference Link | | | June 11, 2013 | | 19:21 EDT | | XOM | Rosneft, ExxonMobil finalize Arctic research agreements
Subscribe for More Information | | | 12:15 EDT | | XOM | EIA sees Brent crude to average $102/barrel over 2H, $100/barrel in 2014
In its updated short-term energy outlook, the U.S. Energy Information Administration expects Brent crude oil spot price to average $102 per barrel over 2H, and $100 per barrel in 2014. EIA expects the price of regular gasoline will average $3.53 per gallon over the summer driving season. The annual average regular gasoline retail price is projected to decline from $3.63 per gallon in 2012 to $3.49 per gallon in 2013 and to $3.37 per gallon in 2014. Reference Link | | | 10:09 EDT | | XOM | Exxon Mobil in talks for stake in Turkey's Black Sea block, Reuters reports
Subscribe for More Information | | | 07:38 EDT | | XOM | OPEC: Stronger oil demand growth in second half of 2013, Reuters reports
OPEC said the world's oil demand will grow faster in the rest of 2013 than during the first half due to economic recovery and higher seasonal consumption, reports Reuters. Reference Link | | | June 6, 2013 | | 05:51 EDT |  | XOM | Stocks with implied volatility movement; WM XOM
Subscribe for More Information | | | | June 5, 2013 | | 06:13 EDT | | XOM | Nordic American Tanker awarded 2 year contract by Exxon Mobil subsidiary
Orion Tankers, a 100% owned subsidiary of Nordic American Tankers, and acting as agents for NAT, has recently renewed its commercial agreement with a subsidiary of ExxonMobil. Cementing a long term relationship between the parties, the contract provides for a firm 2 year extension to the initial one year agreement that took effect May 2012. This new contract demonstrates the oil major's continued faith in NAT's sound financial position and validates management's dedication to safety and to quality operations of its large, high standard suezmax fleet. Typically, a suezmax tanker is carrying one million barrels of crude oil. The contract, which is based upon spot suezmax rates at any given time, has provisions for a world wide service. Given the present market conditions, it is of utmost importance that NAT continues to enjoy access to cargoes as outlined in the agreement. | | | 06:05 EDT | | XOM | Orion Tankers renews comercial agreement with Exxon Mobil subsidiary
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