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Stock Market & Financial Investment News

News Breaks
March 21, 2014
07:14 EDTPTR, XOMInvestors should wait for more reform before investing in PetroChina, WSJ says
PetroChina (PTR) lowered its CapEx for the first time in 2013 since 2000, but the Wall Street Journal says that the company's spending was still 22% higher than Exxon Mobil's (XOM) in FY13 even though the company produced 7% less oil and gas. The WSJ says PetroChina’s heavy spending is most likely the result of the company' strong connection with the government believes investors should wait for more signs of reform before investing. Reference Link
News For PTR;XOM From The Last 14 Days
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April 27, 2015
06:25 EDTXOMBritish government would oppose any takeover of BP, FT reports
The British government has told BP (BP) that it wants the company to remain a "British industrial champion" and it would oppose any takeover of the the company, The Financial Times reports. British officials have said the government would be "skeptical" about any takeover, even if it involves Royal Dutch Shell (RDS.A) because it wants the country to have two big global oil companies. Analysts have previously named ExxonMobil (XOM) as possible suitor for BP. Reference Link
April 22, 2015
06:10 EDTXOMBP CEO says has no appetite for megamerger, FT reports
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April 21, 2015
12:59 EDTXOMExxon Mobil CEO sees continued pressure on oil prices, WSJ says
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April 20, 2015
08:32 EDTXOMBofA/Merrill European strategists hold an analyst/industry conference call
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April 17, 2015
14:40 EDTXOMAnadarko weighs sale of Mozambique gas assets to Exxon, Reuters reports
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08:29 EDTXOMU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
April 14, 2015
06:40 EDTXOMU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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