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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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July 31, 2014
08:06 EDTXOMExxon Mobil reports Q2 Upstream earnings up $1.58B to $7.88B
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08:05 EDTXOMExxon Mobil reports Q2 EPS $2.05, consensus $1.86
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06:35 EDTXOMOil companies say Russia sanctions could be headwind, NY Times reports
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July 30, 2014
15:40 EDTXOMNotable companies reporting before tomorrow's open
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09:35 EDTPTRPetroChina downgraded to Hold from Buy at Societe Generale
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07:43 EDTXOMWEX Inc. sees FY14 adjusted EPS $4.84-$4.99, consensus $4.87
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July 29, 2014
09:40 EDTPTRPetroChina downgraded to Neutral from Buy at UBS
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July 28, 2014
07:14 EDTXOMExxon mulls broadening Texas plant into largest in country, Reuters says
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July 25, 2014
10:02 EDTXOMOn The Fly: Analyst Downgrade Summary
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06:53 EDTPTRPetroChina rethinks natural gas pipeline unit sale, Reuters says
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05:41 EDTXOMExxon Mobil downgraded to Underweight from Equal Weight at Barclays
Barclays downgraded its rating on Exxon Mobil (XOM) shares to Underweight from Neutral citing a lack of near-term production growth and the high oil price environment. The firm sees limited upside in shares, but did raise its price target to $105 from $100. Shares of the oil giant closed yesterday up 3c to $104.28.
July 21, 2014
13:36 EDTXOMExxon Mobil files export application for Alaska LNG project
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July 17, 2014
11:40 EDTPTRShell plans to end investment in Qatar natural gas project, WSJ reports
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07:31 EDTXOMWEX signs definitive purchase agreement regarding Exxon's Esso Card program
WEX Inc. (WEX) announced the execution of the definitive purchase and sale agreement relating to the previously announced proposed acquisition of ExxonMobil’s (XOM) European commercial fuel card, or Esso Card, program through a majority owned joint venture, WEX Europe Services Limited. In addition, all necessary regulatory approvals have been received and the employee information and consultation processes have been cleared. The transaction is on track and is expected to close in late 2014 or early 2015. “The purchase of the Esso Card portfolio remains an important element to building our on-the-ground presence in the European market, and enhances WEX’s long-term growth profile. Our efforts to advance this transaction remain on track and position us to create a substantial and profitable European footprint,” said Melissa Smith, WEX’s president and CEO.

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