|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||465.40 - 473.50|
|52 Week Range||413.20 - 582.10|
|Beta (5Y Monthly)||1.21|
|PE Ratio (TTM)||9.10|
|Earnings Date||May 11, 2020 - May 15, 2020|
|Forward Dividend & Yield||22.00 (4.63%)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||963.80|
Abu Dhabi National Oil Co (ADNOC) is aiming to have its Murban futures contract eventually replace North Sea benchmark Brent whose volumes are declining, an ADNOC executive said on Tuesday. Intercontinental Exchange Inc plans to launch a new exchange in the United Arab Emirates, ICE Futures Abu Dhabi (IFAD), in the first half of 2020 to host ADNOC's flagship Murban crude grade.
Japanese companies are unlikely to invest in Saudi Aramco's blockbuster initial public offering (IPO) because it is difficult to evaluate the value of the world's biggest oil company, the head of Japan's largest refiner said on Friday. The unusually frank remarks from the head of a typically conservative Japanese company underscore potential challenges for the IPO, which Aramco has announced is going ahead although the state-owned oil giant has released few details. Sources have told Reuters that Aramco could offer 1%-2% of its shares, raising as much as $20 billion to $40 billion.
Saudi state oil firm Aramco has told Japanese refiner JXTG Nippon Oil & Energy about a possible change in shipment, raising concern about the kingdom's ability to supply crude oil a week after attacks on its refineries, the Nikkei Asian Review reported. Aramco did not specify a reason for the change in oil grade supplied to Japan's biggest refiner from light to heavy and medium starting October, Nikkei said https://s.nikkei.com/2kVAbFR, citing JXTG officials. JXTG officials suspect that Aramco is taking more time than expected to fix its desulfurization facility, which is necessary to produce light-grade crude used in the production of gasoline and light gas oil, the newspaper said.
Moody's Investors Service ("Moody's") announced today that the proposed changes by Trafigura Securitisation Finance PLC will not, in and of itself and at this time, cause the current Moody's ratings of the debt issued by the Issuer to be reduced or withdrawn.
Moody's Japan K.K. has affirmed JXTG Holdings, Inc.'s Baa2 issuer rating. The Baa2 long-term issuer rating reflects JXTG's leading market position in Japan, accounting for half of the domestic refined product market, and thus playing an important role in the country's energy policy.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of JXTG Holdings, Inc. Tokyo, May 15, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of JXTG Holdings, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Asia's biggest oil consumers are flooding the region with fuel as refining output is exceeding consumption amid a slowdown in demand growth, pressuring industry profits. Since 2006, the Asia-Pacific has been the world's biggest oil consuming region, led by traditional industrial users South Korea and Japan along with rising economic powerhouses China and India. Car sales in China, the world's second-biggest oil user, fell for the first time on record last year, and early 2019 sales also remain weak, implying a slowdown in gasoline demand.