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Stock Market & Financial Investment News

News Breaks
June 12, 2014
11:09 EDTTOT, BP, XOM, STOExxon Mobil oil production to increase from on-time startup of CLOV project
Exxon Mobil Corporation (XOM) announced the CLOV project in Angola started up on schedule and is expected to reach daily production capacity of 160,000 barrels in the coming months. CLOV is the fourth major development hub of Total-operated Block 17, after Girassol, Dalia and Pazflor. An ExxonMobil affiliate has a 20 percent working interest in CLOV, which will produce oil from the four fields of Cravo, Lirio, Orquidea and Violeta at water depths ranging from 3,600 feet to 4,593 feet. CLOV, located 87 miles offshore Luanda, includes 34 wells and eight manifolds connected by 112 miles of subsea pipelines to a floating production storage and offloading vessel and crude oil offloading terminal. The 1,000-foot-long, 197-foot-wide vessel can store up to 1.8 million barrels of oil. Natural gas produced at CLOV will be exported through a subsea pipeline to an Angola liquefied natural gas plant in Soyo. Sonangol is the concessionaire for Block 17. Total (TOT) has 40% interest, Statoil (STO) has 23.33%, and BP (BP) has 16.67%.
News For XOM;TOT;STO;BP From The Last 14 Days
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November 26, 2014
06:51 EDTXOMExxon Mobil volatility increase into OPEC meeting
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06:42 EDTXOM, TOT, BPSaudis 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 EDTTOT, BP, XOMOPEC 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 EDTXOMOn 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.
November 23, 2014
19:12 EDTBP, XOM, TOTIran 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 20, 2014
10:02 EDTSTOOn The Fly: Analyst Upgrade Summary
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06:15 EDTSTOStatoil upgraded to Overweight from Neutral at HSBC
November 18, 2014
18:26 EDTTOT, BP, XOMKeystone pipeline legislation voted down by U.S. Senate
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09:56 EDTSTOOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Allergan (AGN) downgraded to Market Perform from Outperform at William Blair... Wells Fargo (WFC) downgraded to Market Perform from Outperform at BMO Capital... Allergan downgraded to Neutral from Buy at Guggenheim... Allergan downgraded to Neutral from Buy at SunTrust... Basic Energy (BAS) downgraded to Neutral from Buy at SunTrust... CBS (CBS) downgraded to Neutral from Overweight at Atlantic Equities... Key Energy (KEG) downgraded to Neutral from Buy at SunTrust... Macy's (M) downgraded to Neutral from Buy at BofA/Merrill... Statoil (STO) downgraded to Neutral from Overweight at JPMorgan... Urban Outfitters (URBN) downgraded to Market Perform from Outperform at Telsey Advisory... Urban Outfitters downgraded to Market Perform from Outperform at William Blair... Urban Outfitters downgraded to Neutral from Overweight at Atlantic Equities... Baker Hughes (BHI) downgraded to Hold from Buy at Argus.... Precision Drilling (PDS) downgraded to Market Perform at Raymond James.
05:29 EDTSTOStatoil downgraded to Neutral from Overweight at JPMorgan
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November 17, 2014
11:37 EDTSTOStatoil downgraded to Neutral from Overweight at JPMorgan
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11:15 EDTBPBP to invest $200M to upgrade U.S., Belgian petrochemical plants
BP announced that it plans to invest over $200M to upgrade its purified terephthalic acid plants at Cooper River, South Carolina and Geel, Belgium. The investments will position these assets amongst the most efficient PTA manufacturing facilities in the world. Reference Link
07:12 EDTXOMBloomberg / Mayer Brown to co-host a conference
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November 14, 2014
16:52 EDTBPGreenlight Capital gives quarterly update on stakes
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15:47 EDTSTOStatoil to hold a mini-seminar
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05:58 EDTBPLawsuit accuses BP of overcharging California agencies for natural gas, AP says
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November 13, 2014
17:06 EDTBPBP loses bid for new trial regarding negligence in oil spill, Bloomberg says
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