59.62 0.00 (0.00%)
After hours: 4:41PM EST
|Bid||59.28 x 800|
|Ask||59.84 x 2900|
|Day's Range||59.41 - 60.15|
|52 Week Range||55.04 - 73.86|
|Beta (3Y Monthly)||0.60|
|PE Ratio (TTM)||11.60|
|Forward Dividend & Yield||3.76 (6.25%)|
|1y Target Est||78.65|
The facility, designed by Calgary-based Value Creation Inc., would be located near Edmonton and process 77,500 barrels of diluted bitumen a day into products like medium synthetic crude and ultra-low sulfur diesel. The province’s support is part of about C$3 billion Alberta plans to invest to spur the construction of refineries, upgraders and petrochemical facilities to reap more value from its oil reserves. The plan, an idea that has been floated for more than a decade, also aims to alleviate the pipeline bottlenecks that have hammered local crude prices and prompted Premier Rachel Notley to mandate a province-wide oil production cut.
LONDON , Jan. 22, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A) (NYSE: RDS.B) announces that on 22 nd January 2019 it purchased the following number of "A" Shares for ...
Schlumberger (SLB) reported fourth-quarter earnings that matched the Zacks Consensus Estimate, while Royal Dutch Shell (RDS.A) is contemplating the acquisition of sustainable energy provider Eneco.
LONDON , Jan. 21, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A) (NYSE: RDS.B) announces that on 21 st January 2019 it purchased the following number of "A" Shares for ...
LONDON , Jan. 18, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A) (NYSE: RDS.B) announces that on 18 th January 2019 it purchased the following number of "A" Shares for ...
Last year was definitely rough for Exxon Mobil (NYSE:XOM), with the shares down about 24% from the high Exxon stock was the sixth worst performer in the Dow. But the drop in XOM was more than just about the market swoon. The oil industry has had to deal with some tough headwinds, such as the volatility of crude prices and a stronger dollar. The result is that there has been drops in many oil companies like Chevron (NYSE:CVX), Royal Dutch Shell (NYSE:RDS.A, NYSE:RDS.B) and Marathon Oil (NYSE:MRO). Despite all this, might there be an opportunity, such as with Exxon stock? Well, I think so. The valuation on the stock is attractive and so is the dividend. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Retail Stocks to Buy for the Rise of Menswear So let's take a deeper look: ### XOM Stock: Integrated Model Over the years, various energy companies have pulled off major restructures. Often this has meant spinning off assets to focus on certain market segments. But Exxon has taken a different approach. That is, the company remains a highly integrated platform, with upstream (oil exploration, extraction and production) and downstream (marketing, refining and retail) assets. There is also a major chemicals business, which posted $3.2 billion in profits during the past nine months. According to Exxon executive Neil Hansen on the last earnings call: "The long-term demand fundamentals remain strong in the Chemical business." For the most part, the integrated model allows for much stability in the overall business. This can certainly be key as energy commodities are susceptible to major swings in prices (which was the case for crude oil during the past six months or so). ### XOM Stock: Investment and Production One of the nagging issues for Exxon stock has been the languishing oil-equivalent production. For example, during the latest quarter there was a 2% decline to 3.8 million barrels per day. Then again, when excluding entitlement factors and divestments, the liquids production was up 6%. Yet Exxon has been investing aggressively in production, and this should lead to better growth in the years ahead. The unconventional production in the Permian has been impressive. There are currently 38 rigs in the Midland and Delaware basins. Meanwhile, Exxon has the benefit of global scale. In the latest quarter, the company had its ninth offshore discovery in Guyana. There has also been an increase in the holdings of pre-salt basins in Brazil as well as the initiation of production in the offshore Kaombo project in Angola. It's also important to keep in mind that Exxon has a strong focus on innovation, which is critical for production. The company spends over $1 billion annually on Research & Development and has more than 19,000 scientists and engineers. As a result, Exxon has been able to create innovations in areas like seismic imaging and modeling. ### XOM Stock: Valuation and Dividend Exxon is a highly efficient organization that generates substantial profits. In Q3, earnings soared by 57% to $6.24 billion. As a result, Exxon has been a solid dividend payer, with the current yield at 4.6%. Consider that the company has increased the payout an average of 6.2% annually for the past 36 years. In other words, Exxon stock is a pretty good bet when it comes to the dividend. The debt levels are also reasonable, at about $40 billion. During the latest quarter, the company reduced it by about $1.2 billion. The debt is actually at the lowest level since 2015. And finally, Exxon stock price is fairly cheap, with the price-to-earnings ratio at about 13X. What's more, Wall Street analysts think XOM stock looks attractive. The average price target is $84, which assumes 18% potential upside from current levels. Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post 3 Reasons to Be Bullish Exxon Stock, Even After the Rally appeared first on InvestorPlace.
Chevron: Analysts Expect Strong Q4 Earnings(Continued from Prior Part)Analysts’ recommendations In January, 23 analysts rated Chevron (CVX). Among the analysts, 17 (or 74%) recommended a “buy” or “strong buy,” while six (or
Analysts Are Divided on ExxonMobil ahead of Its Q4 Results(Continued from Prior Part)Analysts’ ratings for ExxonMobil In this series, we’ve examined ExxonMobil’s (XOM) fourth-quarter estimates, earnings outlook by segment, and stock
Shell will develop the third phase of its giant Norwegian gas field Ormen Lange with a subsea compression system, the oil major said in a statement on Friday. The company will either choose Schlumberger's ...
Ben van Beurden has been the CEO of Royal Dutch Shell plc (AMS:RDSA) since 2014. First, this article will compare CEO compensation with compensation at other large companies. Next, we'll Read More...
LONDON , Jan. 17, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A) (NYSE: RDS.B) announces that on 17 th January 2019 it purchased the following number of "A" Shares for ...
Chevron: Analysts Expect Strong Q4 EarningsThird-quarter performanceChevron (CVX) is expected to post its fourth-quarter results on February 1. Before we discuss the company’s fourth-quarter estimates, let’s recap Chevron’s third-quarter
Analysts Are Divided on ExxonMobil ahead of Its Q4 Results(Continued from Prior Part)ExxonMobil’s moving average trend in the fourth quarterBefore we discuss ExxonMobil’s (XOM) moving averages in January, let’s look at its moving average trend
Will Shell’s Q4 Earnings Meet Analysts’ Expectations?(Continued from Prior Part)Short interest in ShellShort interest in Royal Dutch Shell (RDS.A) as a percentage of its outstanding shares has risen from 0.06% on November 1, 2018, to its current
Petrobras' (PBR) domestic oil output amounts to 2.03 million barrels per day (Bbl/d), lower than its expectation of 2.1 million Bbl/d.
LONDON (Reuters) - Royal Dutch Shell will begin "major maintenance work" on a number of units at its Pernis oil refinery in Rotterdam beginning on 25 January, the major said on Thursday. The ...
By Ron Bousso LONDON (Reuters) - Royal Dutch Shell (RDSa.L) has appointed Wael Sawan to head its oil and gas production division, replacing Andy Brown who will step down after 35 years at the Anglo-Dutch ...
Angry Dutch citizens on Thursday will ask their country's highest court to put an immediate end to gas production in the Groningen region due to the risk of life-endangering earthquakes. Decades of extraction from what once was Europe's largest natural gas field have led to dozens of minor tremors every year, damaging thousands of homes and sparking unrest among locals. An unusually severe, magnitude 3.4 quake prompted the Dutch government last year to decide to end production by 2030 and to lower it as quickly as possible in coming years.
LONDON , Jan. 16, 2019 /PRNewswire/ -- Royal Dutch Shell plc (the 'Company') (NYSE: RDS.A) (NYSE: RDS.B) announces that on 16 th January 2019 it purchased the following number of "A" Shares for ...
Bitcoin slipped 0.42% to $3,622.40 on the Investing.com Index, as of 8:41 AM ET (13:41 GMT). Ethereum,or Ether, slipped 3.6% to $124.06 and Litecoin was at $31.51, down 1.6%, while XRP decreased 0.5% to $0.3293.
Royal Dutch Shell (RDS.A) started up its fourth linear alpha olefins unit at its Geismar chemicals plant, while SemGroup (SEMG) and KKR teamed up for a Canadian midstream infrastructure platform.