|Bid||76.920 x 1300|
|Ask||76.930 x 1600|
|Day's Range||76.550 - 77.010|
|52 Week Range||76.050 - 93.220|
|PE Ratio (TTM)||32.08|
|Dividend & Yield||3.08 (4.03%)|
|1y Target Est||N/A|
If production cuts cause crude-oil prices to rise, the beleaguered Big Oil companies could finally rebound.
If oil can stabilize and move higher into the end of the year, I think there are some potential opportunities.
Two Harvard University researchers said in a study published on Wednesday they had collected scientific data proving Exxon Mobil Corp made "explicit factual misrepresentations" in newspaper ads it purchased to convey its views on the oil industry and climate science. In an article in the journal Environmental Research Letters researchers, Geoffrey Supran and Naomi Oreskes, said they examined 187 documents, including internal memos, peer-reviewed papers by Exxon scientists and New York Times "advertorials" - paid advertisements in the style of opinion pieces. Supran and Oreskes said that while, as early as 1979, Exxon scientists acknowledged burning fossil fuels was adding more carbon dioxide to the atmosphere and causing global temperatures to rise, the company's position in newspaper ads remained significantly different by consistently asserting doubt about climate science.