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Stock Market & Financial Investment News

News Breaks
April 28, 2014
11:53 EDTXOMExxon May weekly volatility elevated at 25 into Q1
Exxon May weekly call option implied volatility is at 25, May is at 15, June is at 14, October is at 12; compared to its 26-week average of 14 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on May 1.
News For XOM From The Last 14 Days
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July 24, 2015
12:51 EDTXOMExxon Mobil volatility elevated into Q2 and outlook
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July 22, 2015
06:39 EDTXOMEuro, 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
06:13 EDTXOMExxon Mobil upgraded to Conviction Buy from Buy at Goldman
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July 15, 2015
06:25 EDTXOMMexican businessmen financing homegrown oil companies, WSJ reports
Several Mexican businessmen, including former Mexican finance minister Pedro Aspe, have started financing or creating homegrown oil companies in Mexico as the country opens its oil industry to competition, the Wall Street Journal reports. The new companies aim not only to compete with Pemex, but also with global oil giants such as Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A), the report says. Mexico will hold three auctions of oil blocks this year, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), and Total (TOT). Reference Link
July 13, 2015
07:34 EDTXOMOPEC forecasts stronger crude demand next year, Bloomberg reports
The Organization of Petroleum Exporting Countries predicts an "improvement towards a more balanced market” in 2016 as consumption grows faster than supply, reported Bloomberg, citing the oil group's monthly market report. Amid the demand forecast, Saudi Arabia reported that it pumped a record 10.564M barrels a day in June, according to data the kingdom submitted to OPEC, the news service added. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link

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