|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||80.27 - 82.24|
|52 Week Range||72.16 - 89.30|
|Beta (3Y Monthly)||0.81|
|PE Ratio (TTM)||16.59|
|Earnings Date||Nov 2, 2018|
|Forward Dividend & Yield||3.28 (4.03%)|
|1y Target Est||89.69|
Yahoo Finance's Seana Smith, Dion Rabouin, Jen Roger and Brian Sozzi discuss what's next for oil with Bubba Trading's Todd Horwitz.
The once record-breaking Category 4 Hurricane Michael is now hitting the mid-Alantic and Carolinas with heavy rain, leading to major flooding. Yahoo Finance’s Alexis Christoforous speaks with Jeff Dudan, the CEO and Founder of AdvantaClean to discuss the road to recovery.
While Hurricane Michael didn’t have much effect on oil prices, there are many factors that could soon come into play. Yahoo Finance’s Alexis Christoforous sits down with Tamar Essner, the Senior Energy Director of the Nasdaq IR Intelligence.
Hurricane Michael has started slamming into the Alabama and Florida Gulf Coasts, and it could be catastrophic. Yahoo Finance’s Alexis Christoforous speaks with Accuweather meteorologist Jon Porter, Sibile Marcellus and Scott Gamm about the storm's impact.
If you've hit your retirement years then you should be thinking about generating reliable income. Here are three stocks that have you covered.
Kinder Morgan (KMI) is scheduled to report its third-quarter earnings on October 17 after the market closes. Analysts expect the company’s EPS to rise ~9% sequentially to 21.25 cents per share. The company’s adjusted EPS for the second quarter was 19.5 cents. Kinder Morgan’s expected third-quarter EPS represents a 42% increase YoY (year-over-year). Kinder Morgan beat the EPS estimates in four out of the last ten quarters. The company missed the EPS estimates in three quarters and met the estimates in the remaining three quarters.
On October 12, the IEA (International Energy Agency) released its Oil Market Report. In the report, the IEA cut oil’s demand growth forecast by 0.1 MMbpd (million barrels per day) to 1.3 MMbpd and 1.4 MMbpd for 2018 and 2019, respectively. The cut might be a negative development for oil prices.
Exxon Mobil Corp. and Royal Dutch Shell Plc, the world’s two biggest oil companies, have put a slew of assets in the Gulf up for sale in recent weeks, while Brazil’s state-run Petrobras this week sold the bulk of its production in the region to mid-cap explorer Murphy Oil Corp. The majors are not leaving the Gulf altogether but they are shifting priorities.
HOUSTON (Reuters) - Major oil producers and drillers, including Exxon Mobil Corp (XOM.N), Chevron Corp (CVX.N) and BP Plc (BP.L), on Thursday began returning workers and restoring output at U.S. Gulf of ...
Energy companies and investors are focused on profits and reluctant to boost spending even after crude prices surged to four-year highs, a senior Goldman Sachs banker said on Thursday. Rattled by the recent downturn in the sector and long-term concerns over oil demand and the switch to renewables, Big Oil is facing an unprecedented challenge. "We're firmly through that survival phase and the better capitalized players are now positioned to do well on the other side of it," Andrew Fry, global head of energy at Goldman said at the Oil & Money conference in London.
One of Birmingham's largest privately held companies has acquired two companies, positioning it for further growth in the Southeast. Trussville-based McPherson Companies Inc. acquired certain assets of both Retif Oil & Fuel LLC and B&M Oil Co. The acquisition was made in one transaction, as earlier in the day, Retif acquired B&M. McPherson's purchase involved ExxonMobil (NYSE: XOM) lubricants business in Arkansas, New Orleans, Mississippi, Alabama and Florida, and it helps McPherson, which ranked 19th on the latest Birmingham 100 with $424 million in 2017 revenue, extend its distribution reach throughout the region. In addition to the lubricants business, McPherson also purchased certain commercial fuel business assets like facilities, trucks and more in Arkansas.
As energy traders focus on Iran sanctions, the recent rally in crude oil and how to make money in this market, we're looking at another part of the industry focused on liquefied natural gas (LNG). In this case, the growing presence of international companies in the U.S., such as Qatar Petroleum, who is close to make a final investment decision on its Golden Pass LNG terminal in the next few months. The Golden Pass LNG Terminal near Sabine Pass, Texas, is a joint venture formed by affiliates of three of the world's largest and most experienced oil and gas companies.
Rising rates are shaking the market to its core as bond yields held at their highest level in seven years, but an unexpected group of winners is emerging. One of those names looks primed for a breakout, said JC O'Hara, chief market technician at MKM Partners. Dow stock Verizon tumbled 25 percent from its peak in mid-2016 to a trough in mid-2017.
ExxonMobil (XOM) owns some of the most prolific upstream assets globally, with a number of major projects coming online over the next few years.
In this series, we’ve examined BP’s third quarter of 2018 estimates, its segmental outlook, its stock returns, and its stock price estimate before its earnings release on October 30. In this part, we’ll look at analysts’ ratings for BP.
The energy sector of the S&P 500 continues to show plenty of resiliency versus the broader stock market as well as in absolute terms. The largest holding of the energy sector are shares of Exxon Mobil (NYSE:XOM), making up nearly 23% of the sector. XOM stock is looking bullish in multiple time frames.
Exxon Mobil Corp., once a powerful skeptic of global warming, will now be among the first oil companies to put money into the fight to make climate change a political priority in Washington. The U.S.’s largest energy producer will commit $1 million over two years to promote a national tax on carbon as a way to address the environmental issue. The funding will back an initiative designed to appeal to the Republicans who now control Washington, and may open the door for Exxon’s peers in the oil industry to follow.
Exxon Mobil Corp's latest shift on climate includes a $1 million donation to a political action committee's lobbying campaign to promote a U.S. tax on carbon-gas emissions, a central factor in global warming. The contribution, made to the Americans for Carbon Dividends political action committee of the Climate Leadership Council (CLC), was disclosed by the group on Tuesday, less than a month after Exxon agreed to contribute $100 million to oil companies' efforts to develop technologies to reduce greenhouse gas emissions.
President Donald Trump said Tuesday that he does not like the Federal Reserve's decision to continue to hike interest rates. "I think we don't have to go as fast," the president answered to a question about the Fed raising rates by CNBC from the south lawn of the White House.
In the previous part, we saw BP’s (BP) earnings estimate for Q3 2018. Now let’s look at its expected upstream earnings for the third quarter. Upstream earnings rely on crude oil prices and hydrocarbon volumes, so let’s evaluate their trends in Q3 2018.
BP (BP) is expected to post its third quarter of 2018 results on October 30. Before we look at estimates for that quarter, let’s see how BP performed in Q2 2018 and compare it to the estimates.