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Stock Market & Financial Investment News

News Breaks
June 12, 2014
11:09 EDTSTO, TOT, BP, XOMExxon 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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July 30, 2015
10:00 EDTBPOn The Fly: Analyst Upgrade Summary
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09:26 EDTXOMExxon Mobil, Rosneft file joint bid for Mozambique licenses
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08:16 EDTBPBP upgraded to Buy from Hold at Argus
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July 29, 2015
13:04 EDTTOT, XOM, BPSaudi Arabia to lower oil production after summer, WSJ reports
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06:47 EDTTOTTotal expects start-ups of Surmont Phase 2, GLNG, Laggan-Tormore to be in 2H15
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06:46 EDTTOTTotal expects to exceed 2015 objective to cut operating costs by $1.2B in 2015
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06:46 EDTTOTTotal reports Q2 adjusted EPS $1.34, consensus $1.15
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July 28, 2015
09:18 EDTBPOn The Fly: Pre-market Movers
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05:57 EDTBPBP sees Q3 production to be broadly flat with Q2
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05:57 EDTBPBP reports Q2 production up 0.3% to 2,112 mboe/d
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05:56 EDTBPBP reports Q2 profit ($5.82B) vs. $3.37B last year
Reports Q2 replacement cost profit ($6.27B) vs. $3.18B last year. Reports Q2 underlying replacement cost benefit $1.31B vs. $3.64B last year. Reports Q2 underlying replacement cost profit per ordinary share of $7.17 vs. $19.71 last year. Reports Q2 replacement cost per ADS 43c vs. $1.18 last year.
05:34 EDTXOMVermilion Energy announces farm-in agreement in Germany
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05:21 EDTSTOStatoil to change reporting currency to USD from NOK from Q1 of FY16
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05:19 EDTSTOStatoil reports Q2 EPS NOK 3.15 vs. NOK 3.75 last year
Reports Q2 adjusted earnings NOK 22.4B vs. NOK 32.3B last year. Reports Q2 adjusted earnings after tax NOK 7.2B vs. 9.9B last year.
July 27, 2015
15:03 EDTBPNotable companies reporting before tomorrow's open
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July 24, 2015
13:48 EDTTOTTotal looks to sell 50% of Texas refinery
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12:51 EDTXOMExxon Mobil volatility elevated into Q2 and outlook
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July 22, 2015
06:39 EDTBP, TOT, XOMEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:27 EDTBPBP faces challenges in India, Russia, WSJ reports
BP's oil and gas fields project in India with Reliance Industries, the company's first major project since the Deepwater Horizon spill in 2010, has been stalled, posing global challenges for the oil giant, the Wall Street Journal reports. In addition, political hurdles in Russia and cost-ineffective shale operations in the U.S. have also hurt BP, the report says. Reference Link
06:13 EDTXOMExxon Mobil upgraded to Conviction Buy from Buy at Goldman
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