|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||49.01 - 50.32|
|52 Week Range||43.09 - 56.82|
|Beta (3Y Monthly)||0.99|
|PE Ratio (TTM)||11.61|
|Earnings Date||Feb 6, 2019 - Feb 11, 2019|
|Forward Dividend & Yield||2.56 (5.10%)|
|1y Target Est||69.92|
Oil use in cars is set to peak within seven years, according to the International Energy Agency, despite the number of motor vehicles on the road growing rapidly as populations swell and people become wealthier. Ever since the first Model T Ford rolled off the production line in 1908, cars and oil have shared a relationship that has transformed the world. “After 2025, efficiency measures and alternative fuels continue to suppress demand,” said the Paris-based energy body, with growth slowing even in developing economies such as China.
The price of oil plunged to an eight-month low on Tuesday as traders scrambled to adjust options positions amid fears global economic turbulence would cut into demand. US oil futures, known as West Texas Intermediate, dropped by $4.24, or 7.1 per cent, to close at $55.69 a barrel. Traders said pressures on prices have been building for some time but pointed to technical factors in the options markets to explain the severity of Tuesday’s drop.
The number of EU nationals working in the UK dropped in the third quarter of the year at the fastest rate since records began, as workers from central and eastern European countries stayed away. According to the latest labour market statistics published by the Office for National Statistics on Tuesday, there were 132,000 fewer EU nationals working in the UK than a year earlier, bringing the total to 2.25m. This was offset by an increase of about 23,000 workers from other EU countries.
In the case of Parquet Courts, the answer was fumbled. “We are conductors of sound, heat and energy,” singer-guitarist Andrew Savage cried. Grouped together in a tight formation, Savage and his bandmates — his brother Max Savage on drums, Austin Brown playing guitar and sharing the vocals, Sean Yeaton on bass — were lit so as to cast dynamic patterns of shadows on a screen behind them.
A new ice-breaking tanker capable of navigating the Arctic on its own is set to load its first liquefied natural gas (LNG) shipment from Russia's fast-expanding Yamal facility. The Georgiy Brusilov left South Korea's Daewoo Shipbuilding and Marine Engineering shipyard at the weekend and is due at Yamal's Sabetta port on Nov. 28, Refinitiv Eikon data shows. It is the eighth ARC7-class LNG carrier, which are longer than the Titanic, to join the Yamal fleet operated by Teekay, Mitsui OSK Lines and Dynagas, with another seven expected.
The race is on for liquefied natural gas producers to build export terminals to meet soaring demand but the goalposts for financing these mega-projects have shifted as the traditional relationship with ...
Just as bad is that most US education is now disconnected from the needs of both students and the labour market, Rana notes. Rather than acquiring vocational skills that will equip them for the workplace, young people are increasingly pushed towards getting a qualification — usually in the form of a four-year college degree.
Total will explore, appraise and develop the Ruwais Diyab Unconventional Gas Concession, according to an statement from state energy producer Abu Dhabi National Oil Co. The project will help Adnoc reach its target of 1 billion cubic feet a day of unconventional gas output by 2030, it said. Adnoc retains a 60 percent stake in the concession. “We work toward achieving gas self-sufficiency, for the U.A.E., and transition to having the capacity to become a net gas exporter,” Adnoc Chief Executive Officer Sultan Al Jaber said.
The world’s biggest energy companies are spending only a fraction of their investment budgets on low-carbon projects, even as the oil and gas industry comes under fire for its contributions to global greenhouse gas emissions. European companies such as Total, Shell, Equinor and Eni are among those spending the most on low-carbon investments, but the industry on aggregate allocated just 1.3 per cent of its total 2018 capital expenditure to these ventures. The figure is in a new report from environmental non-profit and investment research provider CDP, which has ranked 24 companies by their preparedness for a global transition towards cleaner fuels.
There are plenty of MBAs who can read a balance sheet but have neither operational nor soft skills. Desperate companies are trying to plug the gap — telecoms group AT&T has set up an internal online course to train the 95 per cent of those in its own technology and services unit that have inadequate ability in Stem subjects — Science, Technology, Engineering and Maths. For some middle-level positions in 2015, two-thirds of employers were asking for a college degree, even though only 16 per cent of people working successfully in similar positions had them.
Concerns over rising interest rates and expected further rate increases have hit several stocks hard since the end of the third quarter. The NASDAQ and Russell 2000 indices are already in correction territory. More importantly, the Russell 2000 ETF (IWM) underperformed the larger S&P 500 ETF (SPY) by about 4 percentage points in October. Hedge […]
U.S. liquefied natural gas company Tellurian Inc said on Wednesday it expects to start construction on its Driftwood LNG export terminal in Louisiana in the first half of 2019 and begin operations in 2023. Chief Executive Meg Gentle said in the company's third-quarter earnings that Tellurian will announce partners in the $27.5 billion project by the end of 2018. Driftwood is one of dozens LNG export projects under development in the United States seeking customers so they can start construction and enter service over the next decade to meet growing global demand for the fuel.
The Anglo-Dutch and French majors are the only companies among Big Oil to have set long-term plans to significantly reduce their carbon intensity -- or the level of emissions per unit of energy produced. “TPI research raises very important questions about how investors such as ourselves view oil & gas companies,” said Alvaro Ruiz-Navajas, portfolio manager at BNP Paribas Asset Management. Total, BP, Conoco and Reliance didn’t immediately respond to requests for comment.
The Zacks Analyst Blog Highlights: Amgen, Intercontinental Exchange, TOTAL S.A., Royal Dutch Shell and Williams
FT premium subscribers can click here to receive Free Lunch every day by email When the UK Foreign Office invited me to a panel this week to reflect on the global financial crisis 10 years on, I started ...
Adam Smith, a two-decade Congress veteran, has known for months what he would do if the Democrats won the House of Representatives in the midterm elections: hold Donald Trump accountable for his policies on Russia, initiate “aggressive oversight” of defence spending, seek to reverse policy on nuclear weapons and push climate change up the agenda. Now the US congressman has his chance.
We started this series by analyzing ExxonMobil’s (XOM) third-quarter segmental earnings performance. We evaluated ExxonMobil’s stock performance after its third-quarter earnings. We also reviewed analysts’ ratings for ExxonMobil.
Like everyone else, elite investors make mistakes. Some of their top consensus picks, such as Amazon, Facebook and Alibaba, have not done well in October due to various reasons. Nevertheless, the data show elite investors’ consensus picks have done well on average over the long-term. The top 25 S&P 500 stocks among hedge funds at […]
We started this series by examining ExxonMobil’s (XOM) segmental earnings in the third quarter. We discussed ExxonMobil’s stock performance after its third-quarter earnings release on November 2. In this part, we’ll evaluate analysts’ ratings for ExxonMobil after its third-quarter earnings.
In this series, we’ve looked at Chevron’s (CVX) Q3 2018 earnings by segment. We also discussed Chevron’s stock performance since its earnings release on November 2. Now, we’ll look at the Wall Street ratings for the stock.
In the previous part, we discussed ExxonMobil’s (XOM) third-quarter segmental earnings. In this part, we’ll discuss ExxonMobil’s stock performance. ExxonMobil announced its earnings on November 2.
ExxonMobil (XOM) posted its third-quarter earnings on November 2. The company beat analysts’ earnings estimate. To learn more, read ExxonMobil’s Q3 Earnings Beat Estimates, Upstream Earnings Surge. Now, we’ll discuss ExxonMobil’s segmental earnings.
Nigeria's state oil firm NNPC could sign crude-for-product deals with Shell and ExxonMobil, similar to one signed with BP last week, a senior NNPC official said on Monday. Nigerian National Petroleum Corporation (NNPC) announced last Wednesday that it had signed such a deal with BP and would provide more details later. "Unfortunately, Shell and ExxonMobil exited the downstream sector in Nigeria a couple of years ago but they are coming back for this particular arrangement, because it’s an opportunity for them to get crude and sell their products to the refineries," NNPC’s chief operating officer for upstream, Bello Rabiu, told Reuters on the sidelines of an African oil and gas conference in Cape Town.
The ATP generates more than $145m in revenues annually from a range of sources including global broadcasting deals and tour-wide sponsorship contracts, according to the Florida-headquartered group’s tax filings.
Higher Oil Prices and Production Boosted Chevron’s Q3 EarningsChevron’s Q3 2018 estimated and actual performance