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Stock Market & Financial Investment News

News Breaks
April 1, 2014
06:17 EDTXOMExxon Mobil says value of reserves not threatened by regulations, WSJ says
Exxon Mobil says the value of its oil and gas reserves are not threatened by future regulations to protect the climate, and says economies will need the fuels too much to embrace drastic cuts in greenhouse-gas emissions, the Wall Street Journal reports. The company affirms that climate changes poses a risk to society, but says it is "confident" that none of its hydrocarbon reserves "are now or will become 'stranded.'" Reference Link
News For XOM From The Last 14 Days
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March 4, 2015
08:21 EDTXOMExxon Mobil sees cutting FY15 Capex to $34B
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08:13 EDTXOMExxon Mobil sees 2015 Capex $34B, vs. 2014 Capex $38.5B
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06:44 EDTXOMSaudi Arabia raises official oil prices, Reuters reports
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March 3, 2015
15:27 EDTXOMExxon Mobil weekly volatility increases into company hosted analyst day
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March 2, 2015
11:35 EDTXOMExxon Mobil volatility elevated into company hosted analyst day
Exxon Mobil March weekly call option implied volatility is at 27, March is at 20, April and July is at 17; compared to its 26-week average of 19 according to Track Data, suggesting larger near term price movement into a company hosted analyst meeting on March 4.
06:31 EDTXOMBuffett says sold entire Exxon Mobil stake in Q4
Warren Buffett said on CNBC that he sold his entire Exxon Mobil stake in Q4 as he sees better use for the capital.
March 1, 2015
18:12 EDTXOMIraq's oil minister sees barrel of crude selling at around $65, Reuters says
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February 27, 2015
10:20 EDTXOMExxon Mobil to host analyst meeting with a conference call hookup
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06:47 EDTXOMExxon Mobil settles New Jersey lawsuit for $250M, NY Times reports
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February 26, 2015
13:52 EDTXOMExxon Mobil says max exposure to loss from Russia JVs at Dec. 31 is $1B
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February 25, 2015
13:56 EDTXOMSaudi Arabia aims to become second-largest refined oil exporter, WSJ says
Saudi Arabia's oil minister Ali al-Naimi said Wednesday it plans to become the world's second-largest refined oil product exporter by 2017, reports the Wall Street Journal, citing statements given at a conference. Two new refineries in Saudi Arabia will add 800,000 BPD this year, and a planned 2017 refinery in Jazan will bring the kingdom's total capacity to over 3M BPD. 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
06:45 EDTXOMSaudi minister says demand for oil rising, Reuters reports
The price for Brent oil was little changed around $59 per barrel early this morning after Saudi Arbaia's energy minister said that demand for petroleum was increasing, according to Reuters. The minister added that oil markets "are calm now, Reuters added. 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
February 24, 2015
06:06 EDTXOMApple's market cap hits nearly $775B, CNBC reports
Apple's (AAPL) market cap has reached nearly $775B after the stock closed at a record on Monday, up over 2.7% to $133, CNBC reports. Exxon Mobil (XOM) has a market cap of about $377B. Reference Link
February 23, 2015
13:45 EDTXOMOpec may call emergency meeting if crude continues slide, FT says
According to Diezani Alison-Madueke, Nigeria's oil minister, Opec members have discussed holding an emergency meeting if crude prices continue to tumble, says the Financial Times. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT).
09:01 EDTXOMExxon Mobil says 2014 reserves replacement totals 104%
Exxon Mobil Corporation announced that it replaced 104% of its 2014 production by adding proved oil and gas reserves totaling 1.5 billion oil-equivalent barrels, including a 162% replacement ratio for crude oil and other liquids. At year-end 2014, ExxonMobil's proved reserves totaled 25.3 billion oil-equivalent barrels, which was made up of 54% liquids, up from 53% in 2013, and 46% natural gas. Liquid additions during 2014 totaled more than 1.2 billion barrels, or 162% of production, and natural gas additions totaled approximately 300 million oil-equivalent barrels for a 42% replacement ratio. Excluding the impact of asset sales, reserves additions during 2014 replaced 111% of production. During 2014, ExxonMobil added 3.2 billion oil-equivalent barrels to its resource base, driven primarily by resource additions in Argentina, Canada, Nigeria, Tanzania and the U.S.
February 22, 2015
11:59 EDTXOMUSW to expand ULP oil strike
The United Steelworkers, USW, announced that it will expand its unfair labor practice strike, ULP, by launching a work stoppage tonight at midnight at the Motiva Enterprises refinery in Port Arthur, Texas. This refinery, a 50-50 joint venture between Shell Oil Company and Saudi Refining, produces more than 600,000 barrels per day. In addition, 24 hour strike notices were delivered at Motiva’s two Louisiana refineries in Convent and Norco as well as at the Shell Chemical plant in Norco. Capacity at these facilities is 235,000 and 238,000. These refineries are also jointly operated by Royal Dutch Shell and Saudi Refining, Inc. of Saudi Arabia. “The industry’s refusal to meaningfully address safety issues through good faith bargaining gave us no other option but to expand our work stoppage,” said USW International President Leo W. Gerard. 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
February 20, 2015
17:09 EDTXOMExxon Mobil awarded $1.01B government contract for aviation turbine fuel
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February 19, 2015
06:58 EDTXOMU.S. oil prices tumble after inventory data released, Reuters says
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February 18, 2015
13:02 EDTXOMExxon Mobil experiences 'incident' at California refinery, ABC News reports
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06:41 EDTXOMExxonMobil Australia 'well positioned' to pursue acquistions, Reuters reports
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