|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||117.27 - 119.27|
|52 Week Range||107.54 - 133.88|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||16.03|
|Forward Dividend & Yield||4.48 (3.76%)|
|1y Target Est||N/A|
With U.S. production at a record, Baker Hughes data Friday showed working oil rigs rose to the highest in more than three years. The market is recovering after concerns over global oversupply spurred the Organization of Petroleum Exporting Countries and its allies to consider reducing output.
Worries about slowing global demand may be overblown, while a recent market retreat has left many energy stocks looking appealing
A New York attorney who won a landmark oil pollution judgment against Chevron in Ecuador's court system only to have his law license suspended at home for malpractice never got a fair hearing and should be allowed to defend himself against disbarment, a legal referee has ruled.
Last October, investors decided that the price of crude oil was too cheap, so they bought it up to $75 per barrel. As usual, the rhetoric quickly flipped uber bullish and the pendulum swung too far in that direction, buoying names like Exxon Mobil (NYSE:XOM). The oil bulls immediately called for even higher prices.
If you’re a 20-something looking to capitalize on long-term growth and dividends, then the following 10 stocks to buy are worth a look. Shares of travel review site TripAdvisor Inc (NASDAQ:TRIP) took a beating over the past year, falling more than 30%. Part of this comeback is the fact that TripAdvisor has something no other site in the online travel industry does — data.
In an interview with CNBC on November 14, Mark Fisher, a famous energy trader, said that the “worst is over” for crude oil. On November 15, US crude oil prices were 25.8% below their four-year high closing of $76.41 per barrel on October 3.
Equity-based energy sector exchange traded funds are following oil prices lower, pressuring some well-known names in the group including the iShares U.S. Energy ETF (IYE) . Some market observer believe the sell-off in energy stocks may be nearing its end. For instance, IYE includes 40.0% integrated oil gas, 28.8% oil gas exploration and production, 12.1% oil gas equipment and services, 10.0% oil gas refining and marketing, 6.8% oil gas storage and transportation, and 1.5% oil and gas drilling.
ExxonMobil (XOM) produced 3.8 MMboepd (million barrels of oil equivalent per day) from its worldwide operations in the third quarter. The company’s liquids production rose 0.3% YoY in the third quarter.
Smaller, nimbler companies pioneered the U.S. shale boom. Giant companies such as Chevron Corp. and Exxon Mobil Corp. are increasing shale production faster and with fewer complications than their smaller rivals. Exxon doubled its shale rigs across the U.S. from the end of last year through September and became the most active driller in the country, according to industry tracker RigData.
In the first nine months of 2018, ExxonMobil (XOM) generated ~$27.4 billion in cash from operations, a 21% rise over the first nine months of 2017. The company’s cash outflows from investing stood at $10.9 billion, and its cash outflows from financing stood at $14.0 billion in the first nine months of the year.
Futures in New York rose 0.4 percent after the Trump administration issued financial penalties against 17 top Saudi officials over the death of journalist Jamal Khashoggi, hours after the kingdom charged 11 people for the murder. “These massive crude oil builds that we’ve seen week after week in the U.S. sucked all of the geopolitical risk out of the crude oil price,” said Rob Thummel, managing director at Tortoise, which manages $16 billion in energy-related assets.
ExxonMobil’s (XOM) net debt-to-adjusted EBITDA ratio stood at 0.9x in the third quarter, below the industry average of 1.4x. ExxonMobil’s (XOM) net debt-to-adjusted EBITDA ratio fell from 1.4x in the third quarter of 2017 to 0.9x in the third quarter of 2018 due to a fall in its net debt and a rise in its trailing-12-month adjusted EBITDA in the stated period. ExxonMobil’s net debt fell 9% YoY to $34 billion in the third quarter due to a fall in its total debt and a rise in its cash and equivalents.
If OPEC thought the 26 percent drop in oil prices since October might rein in U.S. shale production like the last sharp drop did four years ago, it might have to think again. U.S. shale firms are more profitable than ever after a strong third quarter, according to a Reuters analysis of results for 32 independent producers. Results at 32 independent shale explorers show nearly a third generated more cash from operations than they spent on drilling and shareholder payouts, a group including Devon Energy , EOG Resources and Continental Resources .
TechnipFMC (FTI) signs a Surface Technologies Frame deal with Chevron for catering to the latter's North America operations.
The assets, which would include what’s left of its holding in the Clair Field, are likely to draw interest from private equity-backed companies investing in the North Sea and from rival energy firms, the people said, declining to be identified as the deliberations are confidential. "ConocoPhillips is marketing its UK assets after receiving an unsolicited offer," a representative for Conoco said in a statement. "If offers do not meet the company’s expectations for value, ConocoPhillips will retain the assets.
The Camp Fire has quickly become the deadliest fire in California's history, and Bay Area companies are coming out in droves to help.
Oil prices rallied Wednesday amid reports OPEC is weighing a steep production cut, but a key U.S. supply report Thursday could dampen hopes for a rebound.
Stocks today ended mostly lower after searching for direction through much of the session. The Nasdaq pared gains into the close to finish flat.
A new report has targeted oil companies in the United States, suggesting that they are not investing enough into clean energy projects
Risk markets continue to deliver mixed messages to traders and market participants. The latest price action suggests more downside -- but first -- with a possible bounce to the 2750 level in the S&P 500, says Yahoo Finance's Jared Blikre, who breaks it down with Jen Rogers and Myles Udland.