|Bid||78.91 x 1200|
|Ask||78.92 x 1300|
|Day's Range||78.65 - 79.07|
|52 Week Range||72.16 - 89.30|
|PE Ratio (TTM)||16.04|
|Earnings Date||Oct 25, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||3.28 (4.06%)|
|1y Target Est||88.88|
The conventional approach to funding retirement is to withdraw 4% of your savings in the first year, followed by "pay raises" in each subsequent year to adjust for inflation. Over a 30-year retirement, the thinking goes, there is little chance of running out of money if this retirement portfolio is invested in a mix of dividend stocks, a few growth stocks and bonds. Today's world is different. Interest rates and bond yields have never been this low for this long, reducing future expected returns. And Americans are living longer than ever before. Instead of facing the uncomfortable decision of what securities to sell or wondering if you are at risk of outliving your savings, you can lean on the cash from dividend stocks to fund a substantial portion of your retirement. Simply Safe Dividends published an in-depth guide about living on dividends in retirement here. Many companies in the market yield 4% or more. And unlike with the 4% withdrawal rule, if you rely on solid dividend stocks for that 4% annually, you won't have to worry as much about the market's unpredictable fluctuations. Better still, you'll have a chance to leave your heirs with a sizable portfolio when the time comes. Here's a look at 20 quality dividend stocks, yielding roughly 4% or higher, that should fund at least 20 years of retirement, if not more. They have paid uninterrupted dividends for more than 20 consecutive years, appear to have secure payouts and have the potential to collectively grow their dividends to protect investors' purchasing power. SEE ALSO: 39 European Dividend Aristocrats for International Income Growth
If you’re like a lot of folks, you worry about inflation … and the danger it presents for your retirement. Inflation is a hidden retirement killer because it makes the value of the dollars you save today worth less and less in the future, right when you need them for retirement. After all, many investors were badly hurt in the 2000 stock crash and the 2008 stock crash.
Talk to the average financial advisor, and they’ll say there’s no way to earn a safe 12% yield on your investment these days. If you’re “in on” one of the world’s most powerful investment secrets, you know these investments exist. To get your head around this powerful investment strategy, I’d like you to picture a tree in your mind.
In this daily bar chart of XOM, below, we can see that it took only two months for XOM to skid from above $88 to below $73. The daily On-Balance-Volume (OBV) line has been weakening from February and did not respond much in a positive way as XOM rallied from April. A weak OBV line suggests that sellers of XOM have been more aggressive and that prices are likely to stay weak.
Australia’s government has asked the auditor-general to fast track an audit of a controversial A$443m (US$322m) grant to a charitable foundation, which has developed experimental technologies aimed at saving the Great Barrier Reef.
When Papua New Guinea joined the ranks of the world’s significant energy exporters four years ago, the government was betting on a revenue windfall it hoped would transform the impoverished South Pacific nation better-known for jungles, violence and corruption. A 7.5-magnitude earthquake in February that killed more than 100 people and left 300,000 homeless further strained government resources. To bridge the revenue gap and revive its slowing economy, Papua New Guinea has increasingly turned to China.
Exxon Mobil Corp. plans to ship natural gas on the $2 billion Permian Highway Pipeline Project, but it won't recover its request tax credits.
China's Ministry of Commerce said on Friday it would levy anti-dumping duties ranging from 23.1 percent to 75.5 percent on halogenated butyl rubber from the United States, the European Union and Singapore starting from Aug 20. The ministry, which had imposed temporary anti-dumping duties on the synthetic rubber from those countries in April, said the 75.5 percent tariff would apply to U.S. rubber made by Exxon Mobil and other U.S. companies. Arlanxeo Belgium faces a 27.4 percent tariff, while Exxon Mobil Chemical and other companies in the EU face 71.9 percent.
Kinder Morgan (KMI) expects PHP Project to offer additional capacity for consistent transportation of natural gas to the U.S. Gulf Coast.
Exxon Mobil Corp. lost its fight with the U.S. government over a request for a $337 million refund for fuel excise taxes. A Dallas federal judge on Wednesday sided with the government in a dispute over how to apply so-called mixture credits against the fuel excise tax. The decision resolves a piece of a lawsuit Exxon filed in 2016 try to recover a total of $1.3 billion for “erroneously assessed and collected federal income taxes,” plus interest, for the period from 2006 to 2009.
Kinder Morgan Texas Pipeline LLC (KMTP), a subsidiary of Kinder Morgan, Inc. (KMI), EagleClaw Midstream Ventures, LLC (EagleClaw), a portfolio company of Blackstone Energy Partners, and Apache Corporation (NYSE, NASDAQ: APA) today announced that Exxon Mobil Corporation (XOM) has signed a letter of intent to support the proposed Permian Highway Pipeline Project (PHP Project). Under the letter of intent, ExxonMobil subsidiary XTO Energy may contract for up to 450,000 dekatherms per day (Dth/d) of capacity on the pipeline.
State and federal officials are asking Exxon Mobil to pay more than $1.8 million in compensation for a 2013 oil spill in Arkansas. The state Game and Fish Commission proposed the settlement Tuesday, The Arkansas Democrat-Gazette reported . The funds would pay for wildlife restoration and compensate the government for damage caused when the 70-year-old Pegasus pipeline ruptured in Mayflower near Lake Conway.
Algerian state energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday. "I am happy to say that 14 firms are on the list to do a JV on trading with us," Abdelmoumen Ould Kaddour told reporters during a visit to the port city of Bejaia, without giving details or names. Potential partners, which have held talks with Sonatrach in recent weeks, include BP (BP.L), Total (TOTF.PA), Royal Dutch Shell (RDSa.AS), Chevron (CVX.N), Repsol (REP.MC) and Vitol, the world's biggest independent oil trader, sources told Reuters last month.
Algerian state energy firm Sonatrach is in talks with 14 international firms for a joint venture to trade oil and gas products after agreeing to buy its first overseas refinery, its CEO said on Thursday. "I am happy to say that 14 firms are on the list to do a JV on trading with us," Abdelmoumen Ould Kaddour told reporters during a visit to the port city of Bejaia, without giving details or names. Potential partners, which have held talks with Sonatrach in recent weeks, include BP, Total, Royal Dutch Shell, Chevron, Repsol and Vitol, the world's biggest independent oil trader, sources told Reuters last month.
Apache's (APA) deal to spin off its Permian pipeline holdings into a new publicly traded company is likely to close by the end of the year.
Exxon Mobil Corp. is courting refiners with rare long-term U.S. crude export deals, according to people familiar with the matter, as the company expands its trading scope. The oil giant has approached several refiners to discuss contracts for exports of light, sweet crude from the prolific Permian Basin starting as early as this year, said the people, who asked not to be identified because the discussions are private. Long-term contracts -- which involve the sale of cargoes of a certain quality, volume and price over a set period from as little as 6 months to multiple years -- for U.S. oil are uncommon, with the sector still in its early innings after a decades-long export ban was lifted in late 2015.
Mozambique's government on Tuesday approved contracts giving exclusive rights to energy companies to act on concessions awarded to them to explore for oil following four years of negotiations and delays that threatened to derail the projects. Cabinet spokeswoman Ana Comoana said the companies could now go ahead with mining operations to tap offshore oil reserves that experts say are enough to supply energy to Britain, France, Germany and Italy for over 20 years. Mozambique is desperate to plug gaps in government revenue after the International Monetary Fund (IMF) cancelled funding in 2016 citing concerns about how $2 billion in loans was spent.
Oil markets had a bullish start to the week as U.S. sanctions on Iran came into effect and Saudi Arabia surprisingly reduced its crude production and exports
Both integrated oil supermajors delivered higher profits in their quarterly reports, but only one got a stock price bump in response.