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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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November 28, 2014
09:49 EDTCVXChevron tumbles with weak crude pricing and peers, levels to watch
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06:54 EDTXOMExxon Mobil volatility elevated at WTI trades below $70
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06:23 EDTXOMOPEC maintains production level to restore 'market equilibrium'
The Organization of the Petroleum Exporting Countries said in a press release following its meeting yesterday, "Recording its concern over the rapid decline in oil prices in recent months, the Conference concurred that stable oil prices – at a level which did not affect global economic growth but which, at the same time, allowed producers to receive a decent income and to invest to meet future demand – were vital for world economic wellbeing. Accordingly, in the interest of restoring market equilibrium, the Conference decided to maintain the production level of 30.0 mb/d, as was agreed in December 2011. As always, in taking this decision, Member Countries confirmed their readiness to respond to developments which could have an adverse impact on the maintenance of an orderly and balanced oil market." Publicly traded companies in the refining space include Delek US (DK), HollyFrontier (HFC), Marathon Petroleum (MPC), Phillips 66 (PSX), Tesoro (TSO), Valero (VLO) and Western Refining (WNR). Publicly traded companies in the oil space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Stocks globally are trading lower Friday following OPEC's decision.
November 27, 2014
10:25 EDTCVX, XOMOPEC decided not to cut oil production, CNBC reports
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November 26, 2014
06:51 EDTXOMExxon Mobil volatility increase into OPEC meeting
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06:42 EDTXOM, CVXSaudis unlikely to seek oil output changes, Reuters reports
Saudi Arabia indicated today that it probably won't seek major changes in OPEC's oil output during the group's meeting this week, according to Reuters. The oil market should "stabilize itself" eventually, the news service quoted Saudi Oil Minister Ali al-Naimi. as saying OPEC members Venezuela and Iraq have called for output cuts, while non-OPEC member Russia said it would not reduce production, the news service stated. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).Reference Link
05:53 EDTXOMStocks with implied volatility movement; BHI XOM
Stocks with implied volatility movement; Baker Hughes (BHI) 36, Exxon Mobil (XOM) 17 according to iVolatility.
November 25, 2014
13:01 EDTXOM, CVXOPEC leans toward compromise to cut supplies, WSJ says
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07:05 EDTXOMNuverra Environmental announces contract with XTO Energy for pipeline services
Nuverra Environmental (NES) announced that it has entered into a long-term definitive agreement with XTO Energy, a subsidiary of Exxon Mobil (XOM), to provide water-related pipeline services in McKenzie County, North Dakota. Under the agreement, Nuverra will build the 150-mile McKenzie County Pipeline Network to provide produced water gathering and disposal services and fresh water delivery. The XTO agreement is a long-term, fee-based gathering agreement. The Network will serve XTO's dedicated acreage, as well as other operator wells in the area. The Network will feature fixed, buried pipelines, which will include a gathering line to transport produced and flowback water for disposal or recycling and a distribution line for fresh water delivery. The Network is projected to cost $125M-$150M, based on current engineering and construction specifications, with completion during the fourth quarter of fiscal 2015. Construction is expected to begin in May 2015.
November 24, 2014
10:00 EDTXOM, CVXOn The Fly: Analyst Downgrade Summary
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06:47 EDTXOMExxon Mobil downgraded to Market Perform from Outperform at Raymond James
Raymond James downgraded Exxon Mobil to Market Perform given limited leverage to potential improving oil prices.
06:47 EDTCVXChevron downgraded to Outperform from Strong Buy at Raymond James
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November 23, 2014
19:12 EDTXOM, CVXIran may suggest 1M barrel a day cut at OPEC meeting, Bloomberg says
According to media reports in Iran, the Iranian oil minister Bijan Namdar Zanganeh may speak with Saudi Arabia’s Oil Minister Ali Al-Naimi on the sidelines of the OPEC meeting in Vienna this week to propose that OPEC cut its output target by as much as 1 million barrels a day, says Bloomberg. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
November 18, 2014
18:26 EDTXOM, CVXKeystone pipeline legislation voted down by U.S. Senate
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November 17, 2014
08:47 EDTCVXWilliams says Gulfstar One placed into service
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08:43 EDTCVXChevron confirms first oil production from Tubular Bells in Gulf of Mexico
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08:36 EDTCVXHess Corp. announces first production from Tubular Bells Field
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07:12 EDTXOMBloomberg / Mayer Brown to co-host a conference
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