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Stock Market & Financial Investment News

News Breaks
March 25, 2014
07:12 EDTXOM, CVXChevron to overtake Exxon in spending amid push for growth, FT says
With larger Exxon Mobil (XOM) aiming for stability and Chevron (CVX) targeting growth, Chevron will overtake Exxon in capital and exploration spending for the first time next year, reported Financial Times. Reference Link
News For CVX;XOM From The Last 14 Days
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July 31, 2015
09:17 EDTXOMExxon Mobil reports Q2 capital and exploration expenditures down 16% to $8.3B
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08:36 EDTCVXChevron CEO: Q2 results reflect crude price decline of nearly 50% vs. last year
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08:35 EDTCVXChevron reports six months cash flow from operations of $9.5B
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08:34 EDTCVXChevron reports Q2 worldwide net oil equivalent production 2.6MBpd
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08:33 EDTCVXChevron reports Q2 EPS 30c including items, may not compare to consensus
Consensus is $1.16. Reports Q2 revenue $40.36B, consensus $30.91B. Included in the quarter were impairments of $1.96 billion and other charges of approximately $670 million relating to project suspensions and adverse tax effects, all of which were non-cash charges stemming from a downward revision in the company’s longer-term crude oil price outlook. Partially offsetting were gains on asset sales totaling $1.80 billion in the current quarter. Foreign currency effects decreased earnings in the 2015 quarter by $251 million, compared with a decrease of $232 million a year earlier.
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
15:47 EDTCVXChevron technical comments ahead of results
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15:04 EDTXOM, CVXNotable 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
14:07 EDTCVXChevron volatility elevated into Q2 and outlook
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13:04 EDTXOM, CVXSaudi Arabia to lower oil production after summer, WSJ reports
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July 28, 2015
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 EDTXOM, CVXEuro, 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
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