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Stock Market & Financial Investment News

News Breaks
March 14, 2014
08:31 EDTXOM, KBR, CVX, FLR, CBIFluor, KBR face challenging environment for backlog growth, says Stephens
A more disciplined approach to CapEx signaled by international oil companies, along with updates from the analyst days of Chevron (CVX) and Exxon (XOM), lead Stephens to conclude that large project engineering and construction services companies, including Fluor (FLR) and KBR (KBR), face a challenging environment for backlog growth. Stephens said it continues to favor Chicago Bridge & Iron (CBI), which is the only large-project-focused E&C stock on which the firm has an Overweight rating.
News For FLR;KBR;CBI;CVX;XOM From The Last 14 Days
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February 23, 2015
09:01 EDTXOMExxon Mobil says 2014 reserves replacement totals 104%
Exxon Mobil Corporation announced that it replaced 104% of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent barrels, including a 162% replacement ratio for crude oil and other liquids. At year-end 2014, ExxonMobil's proved reserves totaled 25.3 billion oil-equivalent barrels, which was made up of 54% liquids, up from 53% in 2013, and 46% natural gas. Liquid additions during 2014 totaled more than 1.2 billion barrels, or 162% of production, and natural gas additions totaled approximately 300 million oil-equivalent barrels for a 42% replacement ratio. Excluding the impact of asset sales, reserves additions during 2014 replaced 111% of production. During 2014, ExxonMobil added 3.2 billion oil-equivalent barrels to its resource base, driven primarily by resource additions in Argentina, Canada, Nigeria, Tanzania and the U.S.
08:37 EDTCBIChicago Bridge & Iron price target lowered to $57 from $82 at Cowen
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February 22, 2015
13:55 EDTCVXChevron relinquishes Romanian shale-gas interests, WSJ says
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11:59 EDTXOM, CVXUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. 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
February 20, 2015
17:09 EDTXOMExxon Mobil awarded $1.01B government contract for aviation turbine fuel
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09:37 EDTKBRKBR awarded ammonia plant EPC contract
KBR announced that it has executed an EPC contract with Yara International and BASF Group's new joint production company to provide ammonia synthesis licensed technology and engineering, procurement and construction to build a world-scale ammonia plant at BASF's site in Freeport, Texas. Expected revenue from the contract will be included in Q1 backlog for KBR's Engineering and Construction segment.
February 19, 2015
09:31 EDTFLRFluor reported 'impressive' results, says Sterne Agee
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08:40 EDTKBRKBR, Showa Denko sign multi-technology acetyls licensing agreement
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08:19 EDTCBIChicago Bridge & Iron declares interim common stock dividend of 7c
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08:11 EDTCBIChicago Bridge & Iron receives polypropylene technology award in Egypt
CB&I has been awarded a contract by Carbon Holdings for the license and engineering design of a polypropylene unit to be built in Ain Sokhna, Egypt.
06:58 EDTCVX, XOMU.S. oil prices tumble after inventory data released, Reuters says
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February 18, 2015
15:35 EDTFLRNotable companies reporting after market close
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13:02 EDTXOMExxon Mobil experiences 'incident' at California refinery, ABC News reports
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07:32 EDTFLRFluor expands FY15 EPS view to $4.40-$5.00, consensus $4.62
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07:31 EDTFLRFluor reports Q4 continuing ops EPS $1.41, consensus $1.10
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06:41 EDTXOMExxonMobil Australia 'well positioned' to pursue acquistions, Reuters reports
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February 17, 2015
17:29 EDTXOMBerkshire Hathaway gives quarterly update on stakes, exits Exxon Mobil
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08:21 EDTFLRFluor price target lowered to $74 from $83 at UBS
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06:58 EDTXOM, CVXBrent oil reaches $62 per barrel, Reuters reports
Driven higher by Middle East turbulence, the price of brent crude oil reached $62 per barrel today, close to its 2015 high, according to Reuters. 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
February 16, 2015
11:21 EDTCVXChevron reaches settlement with principal funder of lawsuit in Ecuador
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