|Bid||80.2700 x 200|
|Ask||80.2700 x 200|
|Day's Range||80.2138 - 80.8400|
|52 Week Range||79.2600 - 94.2900|
|PE Ratio (TTM)||33.48|
|Earnings Date||Jul 28, 2017|
|Dividend & Yield||3.08 (3.81%)|
|1y Target Est||83.08|
Dealing with Russia's "Darth Vader" gets Exxon in trouble. Now, they're suing the government.
After a brief respite at the start of the year, the world's top oil and gas companies are set to double down on cost cutting as a recovery in crude prices after a three-year slump falters. Corporate hopes were raised by a deal between members of the Organization of Petroleum Exporting Countries and other non-OPEC producers to cut production, which lifted oil prices above $58 a barrel in January, after they had slid to as low as $27 in 2016. Investors are again focusing on the ability of top oil firms such as Exxon Mobil (XOM.N), Royal Dutch Shell (RDSa.L) and Total (TOTF.PA) to live within their means and eke out profits when oil has failed to recover, as hoped, to $60.
Saudi Arabia is curtailing oil shipments to the United States. You thought the United States was a net exporter of oil products? John Kemp, a Reuters market analyst, explains the first one: "Saudi Arabia is making good on promises to curtail oil shipments to the United States with the likely intention to drain visible inventories and support prices.