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Stock Market & Financial Investment News

News Breaks
February 2, 2010
07:15 EDTCVX, PBR, XOM, RDS.A, RIG, BP, DRYSExxon, acting like a wildcatter, embraces risky exploration, WSJ reports
Exxon Mobil (XOM) is looking for oil in high-risk exploration area worldwide, and is being less selective than other big oil companies, reports the Wall Street Journal. Exxon is exploring in eight of the "hot," high-risk exploration regions around the world identified by Sanford C. Bernstein, and is looking for two more. But as of now the company has had little success and will soon need to make large discoveries to justify its increased spending. Reference Link
News For A;CVX From The Last 14 Days
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May 4, 2015
11:01 EDTAAgilent agrees to acquire Cartagenia
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09:50 EDTALeerink to hold next-generation sequencing meeting
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May 1, 2015
16:19 EDTCVXOn The Fly: Top stock stories for Friday
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12:45 EDTCVXOn The Fly: Top stock stories at midday
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08:36 EDTCVXChevron reports Q1 cash flow from operations of $2.3B
Cash flow from operations in Q1 was $2.3B, compared with $8.4B in the corresponding 2014 period. Excluding working capital effects, cash flow from operations in Q1 was $4.3B, compared with $8B in 2014. Capital and exploratory expenditures in Q1 were $8.6B, compared with $9.4B in the corresponding 2014 period. The amounts included $730M in 2015 and $612M in 2014 for the company’s share of expenditures by affiliates, which did not require cash outlays by the company. Expenditures for upstream represented 95% of the companywide total in the first three months of 2015.
08:34 EDTCVXChevron CEO says on track for significant cash flow, production growth by 2017
“First quarter earnings declined from a year ago due to sharply lower oil prices, which reduced revenue and earnings in our upstream business. Downstream operations were strong, benefitting from lower feedstock costs and improved refinery reliability. We’re responding to the current price environment by capturing cost reductions, pacing new project approvals and further streamlining our portfolio as planned. We’re taking a number of deliberate actions to lower our cost structure, and I expect these efforts to increasingly show through in our financial results as the year progresses. Production increased over 3% in the period, and we are hitting major milestones on our development projects under construction, like Gorgon and Wheatstone in Australia. We remain on track to deliver significant cash flow and production growth by 2017,” said Chairman and CEO John Watson.
08:34 EDTCVXChevron reports Q1 production up over 3%
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08:31 EDTCVXChevron reports Q1 EPS $1.37, consensus 79c
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April 30, 2015
15:01 EDTCVXNotable companies reporting before tomorrow's open
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April 27, 2015
08:44 EDTCVXChevron May weekly volatility elevated at 26 into Q1 and outlook
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April 23, 2015
11:02 EDTAAgilent announces strategic collaboration with National University of Singapore
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April 22, 2015
16:15 EDTAAgilent announces resolution to FDA warning letter for Dako Denmark
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April 21, 2015
12:59 EDTCVXExxon Mobil CEO sees continued pressure on oil prices, WSJ says
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08:51 EDTAJPMorgan life sciences analyst holds an analyst/industry conference call
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07:22 EDTCVXOceaneering cut to sell following recent rally at Jefferies
Jefferies downgraded Oceaneering (OII) to Underperform from Hold citing the recent rally in shares and its lowered order outlooks across its subsea hardware coverage. Underperform is the firm's equivalent to a sell rating. It cut its price target for shares to $49 from $52. Oceaneering closed Monday's trading up 45c to $57.56. Jefferies calls Chevron (CVX) and Galp Energia its top stock picks in the integrated oil sector.

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