|Day's Range||9.44 - 9.52|
|52 Week Range||8.65 - 12.00|
|PE Ratio (TTM)||-6.27|
|Expense Ratio (net)||0.32%|
Matt Cheslock joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss why stock reactions to earnings beats are so tepid this earnings season.
Crude oil prices rose more than 1% on Monday as Saudi Arabia pledged to slash exports next month and news of OPEC possibly putting a cap on Nigerian output. West Texas spot futures settled at $46.48 and Brent, at $48.92. Saudi Energy Minister Khalid Al-Falih said the Kingdom would limit crude oil exports to 6.6 million barrels per day in August, about 1 million bpd below production levels from year ago levels, according to Reuters. RBC Capital Markets' Helima Croft said "it may be too soon for Saudi Arabia to pull an additional 1 mb/d from the market" in a recently published report. The Joint OPEC-Non OPEC Ministerial Monitoring Committee or the JMMC said Nigeria, which was exempt from production cuts, would join the effort to balance global oil supply and demand, by putting a cap on or cutting its output, but a time-frame for implementation was not provided.
For 2Q17, ConocoPhillips (COP) expects its total production to range from 1,365 Mboepd to 1,405 Mboepd.