XOM - Exxon Mobil Corporation
75.78 -0.15 (-0.20%)
After hours: 6:04PM EDT
| Previous Close | 77.08 |
| Open | 76.92 |
| Bid | 76.09 x 2200 |
| Ask | 75.83 x 800 |
| Day's Range | 75.79 - 77.07 |
| 52 Week Range | 64.65 - 87.36 |
| Volume | 7,574,492 |
| Avg. Volume | 10,602,791 |
| Market Cap | 321.419B |
| Beta (3Y Monthly) | 1.15 |
| PE Ratio (TTM) | 17.50 |
| EPS (TTM) | 4.34 |
| Earnings Date | Aug 2, 2019 |
| Forward Dividend & Yield | 3.48 (4.51%) |
| Ex-Dividend Date | 2019-05-10 |
| 1y Target Est | 84.53 |
- Zacks•2 hours ago
Exxon Mobil (XOM) Dips More Than Broader Markets: What You Should Know
Exxon Mobil (XOM) closed at $75.93 in the latest trading session, marking a -1.49% move from the prior day.
- Zacks•11 hours ago
Should iShares Russell Top 200 Value ETF (IWX) Be on Your Investing Radar?
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- Market Realist•23 hours ago
Jefferies Cuts Price Targets for XOM, CVX, Shell
Jefferies has cut its target prices for integrated energy stocks ExxonMobil (XOM), Chevron (CVX), and Royal Dutch Shell (RDS.A).
- MarketWatch•2 days ago
EU imposes sanctions against Turkey over gas drilling off Cyprus
European Union foreign ministers on Monday turned up the pressure on Turkey after approving an initial batch of sanctions against the country over its drilling for gas in waters where EU member Cyprus has exclusive economic rights.
- Motley Fool•2 days ago
2 Great Stocks You Can Buy on Sale
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- Zacks•2 days ago
The Zacks Analyst Blog Highlights: ConocoPhillips, Exxon Mobil, Royal Dutch Shell and Chevron
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- Bloomberg•2 days ago
Exxon’s Loss In a Court Case in Europe May Be a Gain for Carbon Market
(Bloomberg) -- Exxon Mobil Corp.’s loss in a court case in Europe may translate into a gain for carbon prices in the continent’s emissions trading system.The European Union’s Court of Justice ruled that part of Exxon’s natural gas processing plant in Germany should be classified as an electricity generator, a decision that could result in a cut to its allocation of free pollution rights. Since 2013, utilities have to buy permits to pump out carbon dioxide while other industries get some or all of theirs for free.The June 20 ruling, if followed by EU governments, could mean about 3,000 factories that transfer heat or electricity to the public grid may no longer qualify for all of their allocated permits, according to analysts including Berenberg Bank’s Lawson Steele, who wrote a detailed report on the impact of the decision.“The unnerving aspect of this ruling is that this has been happening since 2013, so there’s a retrospective angle,” said Mark Lewis, global head of sustainability research at BNP Paribas SA’s asset management unit, who’s followed the market since it began. “It’s backfiring not just on Exxon, but on many companies receiving free allowances for power stations located at factories.”The ruling may drive up the cost of carbon, already trading at an 11-year high, depending on how nations react, said Bo Qin at BloombergNEF. And applying the ruling to previous years could have a significant impact, though the chance of that “appears to be very small,” said Trevor Sikorski, an Energy Aspects Ltd. analyst. Exxon said it was too soon to comment on the ruling.The European Commission wasn’t immediately available to comment on how the decision may change the way allowances are distributed.The EU’s Emissions Trading System hands out or auctions pollution permits for more than 12,000 facilities owned by utilities and industries, as well as airlines. The court’s decision, which could take months to put into action, may impact the 2020 allocation of allowances if the affected supply isn’t returned to the market, said Berenberg’s Steele.“Less free allocations equals more demand with no supply offset,” he said. There’s a chance that EU nations direct the wrongly allocated free allowances to other factories that request them rather than boost the size of auctions, he said.Carbon has jumped more than five-fold since May 2017, buoyed by EU regulations to reduce a surplus that had depressed prices for years. Reduced allocations of free allowances may mean more companies have to buy permits in the market.The court ruling stems from a case brought by Exxon, which was denied a request for additional permits on top of the 1.18 million tons of allowances it already received free for a gas plant in Germany, according to the ruling. A Berlin court now must determine whether the case can be closed or needs further discussion.The ruling's implication “is that not only Exxon, but also other companies have been receiving allowances for free that they should have been paying for,”' BNP's Lewis said. “I don’t see how a ruling by the court cannot lead to action to correct this mistake.”(Updates with comment in final three paragraphs.)To contact the author of this story: Mathew Carr in London at m.carr@bloomberg.netTo contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net, Andrew ReiersonLars PaulssonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks•2 days ago
McDermott Wins FEED Award for North Field Expansion Project
The value of McDermott's (MDR) latest FEED contract, which is expected within $1-$50 million, will be reflected in second-quarter 2019 backlog.
- Motley Fool•2 days ago
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- InvestorPlace•2 days ago
Despite Moving Higher, Exxon Stock Still Underperforms
ExxonMobil (NYSE:XOM) stock has so far enjoyed a good 2019. Coming off the stock market selloff of last fall, Exxon stock has risen by about 15% since the first of the year.Source: Shutterstock However, the stock has remained on a long-term downtrend since oil prices peaked more than five years ago. Although oil trades much higher than its 2016 lows, sectors such as natural gas, refining, and chemicals continue to hold ExxonMobil down.Until more of its segments see better pricing, XOM stock will struggle to rally far beyond current levels.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Exxon Stock Keeps Moving SidewaysBy segments, I do not necessarily mean oil. Yes, XOM has experienced some disruption from Tropical Strom Barry in the Gulf of Mexico. The temporary shutdown in offshore drilling could have an impact on earnings and perhaps create a buying opportunity in the stock. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond However, that does not necessarily mean traders will want to take advantage. Admittedly, I liked Exxon when I covered it back in early January. It then traded at around $72 per share and had begun to recover from the stock slump that hit the market just before Christmas. Since that time, it has had ups and downs but now trades at $78 per share.Still, what concerns me most about XOM stock is the fact that it never recovered from the mid-decade slump in oil prices. In the spring of 2014, the XOM stock price had topped $100 per share. Granted, at that time, oil prices had often topped $100 per barrel. Since oil prices had fallen below $30 per barrel by 2016, one can understand the subsequent drop in ExxonMobil stock.However, oil prices have recovered to about $60 per barrel today. XOM stock remains at about the same high-$70s per share range where it traded in early 2016. In that same time, its closest peer, Chevron (NYSE:CVX) has risen by more than 50%. Chevron and Exxon StockXOM stock is clearly not a terrible investment. It remains a diversified business that can earn profits and increase dividends regardless of oil prices. The company generated just over $36 billion in free cash flow in 2018. Moreover, its 4.5% dividend yield and 36-year track record of payout hikes remain a testament to its stability.Furthermore, ExxonMobil leads the world in refining and polyethylene production. It also remains the leading natural gas producer in the country. With natural gas, Chevron lags much smaller players such as Chesapeake Energy (NYSE:CHK), Anadarko Petroleum (NYSE:APC), and Devon Energy (NYSE:DVN).However, except on dividend yield and production levels, it finds itself continuously outmatched by Chevron. Moreover, according to Barron's, ExxonMobil will have to spend 75% more to increase its oil-equivalent production. It also faces weak margins in refining and chemicals in addition to low natural gas prices.Furthermore, both Exxon stock and Chevron trade at about the same price-to-earnings (PE) ratio. ExxonMobil's PE ratio stands at about 17.9 compared with 17.3. Both will see shrinking profits this year.However, analysts forecast a 21.3% decline for XOM. They predict a drop of 4.4% for Chevron. Chevron also looks poised for higher growth when earnings begin to increase for both companies. Although holders of XOM stock may earn more dividend income, Chevron stock will probably benefit more from its comparatively higher growth. Final Thoughts on Exxon StockDespite a surge in recent months, underperformance continues to define XOM stock. ExxonMobil has risen this year. However, the equity remains in a long-term downtrend.Although a storm in the Gulf may have only temporary effects on drilling, XOM investors will probably have to worry about low price levels in segments such as natural gas and refining for a longer period. Moreover, its archrival Chevron continues to grow faster and outperform ExxonMobil on most financial metrics.At current levels, XOM can offer relative stability and a generous dividend payout, but little else.As of this writing, Will Healy is long CHK stock. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Despite Moving Higher, Exxon Stock Still Underperforms appeared first on InvestorPlace.
- Bloomberg•2 days ago
Barry to Unleash Deadly Flash Floods on Northward March
(Bloomberg) -- Barry weakened to a tropical depression but was set to cause more life-threatening floods through Monday on its march northward. Dangerous flash floods were likely across parts of central Louisiana into far southwest Mississippi on Monday morning.The storm was 80 miles west-southwest of Little Rock, Arkansas, with sustained winds of 25 miles per hour, the National Hurricane Center said in a bulletin at 5 a.m. New York time. Although little change in the strength of the storm was forecast in the next 48 hours, flash flood warnings were in place for parts of southeast Texas through much of Louisiana, Mississippi and Arkansas, as well as parts of the mid-Mississippi Valley.A couple of tornadoes were possible on Monday from the Mid-South toward the Lower Ohio Valley, according to the bulletin. The storm was expected to continue moving north at about nine miles per hour during Monday, before turning northeast by Tuesday. A heavy band of rain was affecting areas of central Louisiana into far southwest Mississippi, with as much as 10 inches of rain expected through the morning hours.With the storm now firmly ashore, some producers in the Gulf of Mexico are preparing, or have begun, to re-staff their offshore crude and natural gas platforms. Exxon Mobil Corp. said it was returning workers to its three platforms where non-essential staff were evacuated, with “minimal production impact.” BHP Group expects to return workers to its two shut assets by Monday, while Enbridge Inc. plans to return crew to an offshore natural gas platform. Their offshore and onshore facilities would have to be inspected before they can restart.Oil PlatformsChevron Corp. said it already began restarting six crude oil platforms that it shut. The U.S. Gulf of Mexico accounts for 16% of total U.S. crude oil production and less than 3% of natural gas production, according to the Energy Department. Royal Dutch Shell Plc said it was still monitoring the situation and its assets in Auger, Salsa and Enchilada remain shut-in with production in the Mars Corridor curtailed, according to a statement Sunday on its website.Barry caused nearly 73% of crude oil production in the gulf to shut -- from 70% the day before, the Bureau of Safety and Environmental Enforcement said in an update. About 62% of natural gas production was also halted.Muted Agriculture ImpactAs for agricultural products such as sugar, the storm’s effect was limited as earlier forecasts of very heavy rainfall did not materialize, said Herman Waguespack, research director of American Sugar Cane League in Louisiana.“In the sugar industry, we didn’t get the rain that was forecast.” he said.“This storm is not going to be a major event for us.”U.S. Coast Guard has re-opened the Port of New Orleans in Louisiana to marine traffic but with some restrictions. Barry, which was briefly a Category 1 hurricane as it hit the Louisiana coast, had caused the Lower Mississippi River in New Orleans to shut Friday.Port of Fourchon, also in Louisiana, said it was assessing damage and clearing debris and power lines. Some roadways are now clear. This port serves more than 90% of the region’s deepwater oil production and acts as a land base for Louisiana Offshore Oil Port (LOOP). It had declared mandatory evacuations on Friday.Louisiana’s oil refineries, which account for about 18% of total U.S. operable refining capacity, were largely spared.RefineriesPhillips 66 said its Alliance refinery was being prepared for restart Monday, after shutting it Friday. PBF Energy Inc.’s Chalmette refinery reduced production rates slightly because Barry halted new deliveries of crude, according to people familiar with operations. Exxon Mobil said its refinery and chemical plant in Baton Rouge and a storage terminal in Sorrento, La., respectively were operating normally.Entergy Louisiana LLC, the main provider in the state with a total of 1.08 million customers, reported that 25,000 remained affected. About 23,000 out of Cleco Corp.’s nearly 285,000 customers were without power.The storm storm will cause about $800 million to $900 million in damage, Chuck Watson, a disaster modeler with Enki Research in Savannah, Georgia, said on Friday.(Updates with latest weather bulletin, number of homes affected.)\--With assistance from Ann Koh, Serene Cheong, Bill Lehane and Fred Pals.To contact the reporter on this story: Sheela Tobben in New York at vtobben@bloomberg.netTo contact the editors responsible for this story: David Marino at dmarino4@bloomberg.net, James Ludden, John DeaneFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Motley Fool•4 days ago
3 Signs a Stock’s Dividend Might Be at Risk
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- Barrons.com•4 days ago
Hurricane Barry Could Cause a Spike in Gas Prices
One impact of Hurricane Barry could be a sharp increase in gasoline prices in parts of the country, according to an energy and infrastructure portfolio manager. About half of U.S. refining capacity is near the Gulf of Mexico, with 18% in Louisiana alone. Many of those refineries could be impacted by Tropical Storm Barry, which was projected to drop more than 10 inches of rain on New Orleans and the surrounding region as of the Friday forecast.
- Zacks•5 days ago
Can Big Spending Boost Lift China's Oil & Gas Output?
While China's efforts to increase output may offset production decline from aging oilfields, it is not likely to reduce its dependence on foreign oil and gas imports.
- Yahoo Finance•5 days ago
Tropical Storm Barry puts oil refining in the Gulf Coast at risk
Tropical Storm Barry is expected to bring heavy rain and cause dangerous flooding across southeastern Louisiana.
- Zacks•5 days ago
Occidental Petroleum (OXY) Board Approves 1.3% Dividend Hike
Total increase in Occidental Petroleum's (OXY) annual dividends from 2002 exceeds 500%.
- Zacks•5 days ago
Oil Price Spurts as Tensions Intensify in the Strait of Hormuz
The Strait of Hormuz, where the BP-operated oil tanker was "harassed," is touted as the most important global passageway for transporting crude.
- InvestorPlace•5 days ago
Exxon Mobil Stock Has a Breakout Opportunity Here
Exxon Mobil (NYSE:XOM) stock is up 14% year-to-date, and that's a disappointment. First because it is lagging the S&P 500, which is up 20%. Second, because it's even worse when you consider that the United States Oil Fund, LP (NYSEARCA:USO) is up a whopping 30%-plus for the same period.Source: Shutterstock Clearly the XOM stock price needs to catch up. Today we discuss the opportunity that could help it do just that.First let's do our due diligence and eliminate the possibility that there is something wrong with the company. Spoiler alert: The company is fine, it's the stock that is slightly sick.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFundamentally, Exxon Mobile stock sells at an 18 trailing price-to-earnings ratio and 1.2 times sales. Those levels are in line with Chevron (NYSE:CVX). So it's definitely not bloated. Owning it here is reasonable just from that perspective alone. This is before noting the fact that it also pays 4.5% yield to reward its shareholders while they wait.Crude oil price have been on fire of late. Higher oil prices usually translate into favorable price action for the major oil companies. Today's point is that there is a technical opportunity in the Exxon stock that could have a 5% rally brewing. XOM Stock Beyond the NumbersNow that we established that the Exxon fundamentals are solid, we can move on to the real opportunity today which is the technical one. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The Exxon chart looks like a breakout waiting to happen. The simplest way of seeing this is through a series of higher lows knocking on a neckline. What makes this interesting is the location of that line.XOM stock had a similar setup in April, but from the much higher $84 per share level. That opportunity failed miserably in late April and the stock tumbled 15%. But some of that was also the fact that oil prices in general also collapsed. Light sweet crude fell to $50 per barrel and negative sentiment there capitulated. That was the opportunity to go long oil stocks.The good news there is that the bulls held the higher-lows trend. XOM stock found support exactly where it needed it. The cluster of prices around $72 per share was the consolidation area from January and it held.And as such, XOM bottomed late May. The June rally so far brings it back to half-back test of the April stock accident. This week, Exxon Mobil stock made its third attempt at this breakout from $78 per share. The reason this is important is because it's not only the halfway mark of a major correction, but it also coincides with a pivot level that dates back to 2015. Click to Enlarge Such significant levels are usually pivotal, so they offer resistance. But when that fails, then the bulls can overwhelm the sellers and overshoot higher. In this case, the first target is $82 per share, which would close the gap that happened on the last earnings report for Exxon. Above $82 per share, there are more technical opportunities but they are resistance first until they, too, fail.XOM stock can do this, but it will need the help of not just the markets in general, but also the price for crude oil. And those prices rebounded hard off of the recent drop and when that happens they tend to hit some resistance. Looking at the price of crude oil of late there are important levels to note and the shape of the chart is very similar to XOM. So this stock is not alone in this fight as the opportunity is here for the whole energy sector.So in summary, although this opportunity is short-term in nature because it's based on the charts, it also works for the long-term. Chevron and Exxon are excellent energy companies and for the long-term have rewarded their shareholders well. First in terms of capital appreciation and second from their dividends. These are bulletproof companies where the dividend is not in question. This makes the institutional interest in these stocks a form of support for them. So I can own Exxon for the long-term even from here.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Less Than Book * 7 Marijuana Stocks With Critical Levels to Watch * The 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The post Exxon Mobil Stock Has a Breakout Opportunity Here appeared first on InvestorPlace.
- Barrons.com•5 days ago
Chevron and ConocoPhillips Are the 2 Best Oil Stocks, Goldman Sachs Says
Chevron and ConocoPhillips look like the best bets among major U.S. oil companies as second-quarter earnings season approaches, according to Goldman Sachs.
- InvestorPlace•5 days ago
Exxon Stock Is the Best Long-Term Oil Dependency Bet
The past several months have proven tough on Exxon Mobil (NYSE:XOM) shareholders. Indeed, Exxon stock has proven tough to own for the past several years.Source: Shutterstock While rivals like Chevron (NYSE:CVX) and BP (NYSE:BP) have, for the most part, fought their way back from their 2015 funk, Exxon Mobil hasn't been able to do the same.It's upcoming Q2 report isn't expected to be a barn-burner either, with weakness from its gas and chemical business expected to offset renewed strength from its downstream arm.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Best Stocks for 2019: A Volatile First Half So far, Exxon has been the disappointment investors and analysts alike expected it to be when it took a more aggressive path coming out of 2015's oil rout.That is, rather than act conservatively and defensively, Exxon Mobil is ramping up its bets on hydrocarbons. Next year's capital expenditures are budgeted 16% higher than this year's as part of an eye-popping plan to double 2017's income of $15 million by 2025.There may be a method to the madness, however, that current and would be XOM stock owners have to embrace. Exxon Stock in the Long TermMost oil companies, and other types of companies for the matter, seek a balance of short-term and long-term success. Exxon Mobil is far more concerned about the latter, and much less concerned about the former.The company has never explicitly said this. Rather, one must read between the lines.Exxon repeatedly has featured outlooks like this one, presented at the recent JP Morgan Energy Conference. In it the company claims that 2025 is a key milestone in terms of results. Simultaneously, Exxon is imagining what the oil market will look like not in 2020, but in 2040.Rivals are doing the same, to be fair, albeit nowhere near to the same extent.And, contrary to many hopes and dreams for a carbon-free world by then, we're likely to be burning more gas and oil then rather than less. The IEA report Exxon is relying on suggests we'll need, globally, on the order of 110 million barrels of oil per day within two decades. That's up from around 90 million barrels now.As for natural gas, the same forecasters anticipate the world will need around 450 billion cubic feet per day. We're presently using roughly 350 billion barrels per day.We're also depleting known gas and oil reserves in the meantime, forcing us to continue the hunt for more.That's where Exxon Mobil's capital expenditure plan, as big it feels, is actually dwarfed. The $150 billion or so the company will have laid out on new projects and improvements to existing properties is only a fraction of the $21 trillion the IEA says will need to be invested in order to meet that demand. Bottom Line on Exxon StockIt's worth noting that not every observer expects the consumption of oil to continue growing through 2040 and perhaps beyond. Bank of America analysts expect demand to peak in 2030 and then slide lower at a brisk clip after that.The paradigm shift's cause? The adoption of electric cars could force the energy market past its tipping point.If B of A is right, then Exxon Mobil's spending is largely for naught and XOM stock itself could face even greater pressure than it's faced in recent years.That's an oversized 'if' though. As uncertain as oil's future may be, the plausible supply of lithium needed to make the batteries that power EVs is even more obscured.Like any other commodity, the greater the demand for lithium on a so-far-strained supply, the more possible it becomes that electric vehicles become unaffordable.At the very least, all the infrastructure needed to refine oil and fill up vehicles with gasoline already exists.Whatever the reason, Exxon Mobil is in many regards going for broke. It's only given biologically-made fuels a modest look, while other names in the business appear to assume alternatives to drilling are the inevitable future.While Exxon's rivals are cautious about taking on new drilling prospects, Exxon is forging ahead as if little will change over the course of the coming two decades. It's made a huge bet on conventional oil and gas drilling in Guyuna.If the foreseeable future is indeed one that still relies on oil, Exxon Mobil will be at least five years ahead of its rivals.That's another big 'if' though.The only real certainty here is that investors won't be getting clear answers about the wisdom of the decision for at least a few more years. That makes XOM stock a tough name to bet on in the meantime, though perhaps the only game in town if the bets pay off.Either way, Exxon has to be viewed through a long-term lens.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about him at his website jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell for an Economic Slowdown * 7 Marijuana Penny Stocks That I May Buy * 7 of The Best Schwab ETFs for Low Fees The post Exxon Stock Is the Best Long-Term Oil Dependency Bet appeared first on InvestorPlace.
- Investor's Business Daily•6 days ago
These Numbers Show OPEC Is Stuck In A No-Win Downward Spiral
Crude oil prices eased as OPEC's latest forecasts showed it will produce more than needed next year despite extending an agreement with Russia to cut back.
- GuruFocus.com•6 days ago
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- SAY•6 days ago
Elizabeth Warren Wants Companies To Get Real About Climate Change
Another day, another bold Elizabeth Warren plan. The Senator and Presidential candidate recently announced a two-pronged plan to combat climate change by forcing companies to be more upfront to investors about the financial cost of climate change. Going Green The first part of the plan calls for the SEC force companies to tell investors how unabated climate change will impact their business, with Warren noting “companies could face serious harm from climate change in any number of ways, from flooding that damages their warehouses to massive storms that disrupt their shipping routes.” Once again, climate change, bad for business, bad for everyone! The Cost Of Change: Second, Warren suggests companies reveal how efforts to combat climate change will impact certain businesses, particularly energy ones. (This isn’t something companies like Exxon like to do.) As she notes, studies have found that reducing greenhouse gas and pumping up affordable clean energy technology could have “significant, near-term financial implications” for Big Oil and fossil fuel companies. At the moment, Warren says, companies are not factoring in that if we met the goals of the Paris climate accords, “at least 82% of global coal reserves, 49% of global gas reserves, and 33% of global oil reserves will have to go unused the next 30 years,” and therefore, the market is overinflating the value of the (possibly/hopefully) soon to be less valuable fossil fuels, creating what Vice President Al Gore calls a potentially dangerous “carbon bubble.” On The Other Hand Not everyone is so down with Warren’s plan. Over at Bloomberg, Matt Levine argues that her idea might be inefficient, and it is the government’s job to educate shareholders (and everyone else) about the cost of climate change, not companies. -Michael Tedder Photo: Elizabeth Frantz / REUTERS
- Yahoo Finance Video•6 days ago
Tropical Storm Barry cuts Gulf oil output by more than 50%
A tropical storm in the Gulf of Mexico caused a major drop in oil production. Joe Tigay, Chief Trading Officer at Equity Armor Investments joins Seana Smith on 'The Ticker' to discuss.
