XOM - Exxon Mobil Corporation
68.85 -0.18 (-0.26%)
After hours: 5:51PM EDT
| Previous Close | 69.45 |
| Open | 69.30 |
| Bid | 68.95 x 1200 |
| Ask | 69.02 x 1000 |
| Day's Range | 68.71 - 69.30 |
| 52 Week Range | 64.65 - 87.36 |
| Volume | 9,317,801 |
| Avg. Volume | 10,787,329 |
| Market Cap | 292.074B |
| Beta (3Y Monthly) | 1.17 |
| PE Ratio (TTM) | 16.63 |
| EPS (TTM) | 4.15 |
| Earnings Date | Oct 31, 2019 - Nov 4, 2019 |
| Forward Dividend & Yield | 3.48 (5.01%) |
| Ex-Dividend Date | 2019-08-12 |
| 1y Target Est | 82.25 |
- Yahoo Finance Video
US warns Greece over Iranian oil tanker, Aramco picks lead underwriters
The U.S. is warning Greece against hosting the Iranian oil tanker at the heart of an international dispute, and Saudi Aramco has reportedly chosen Lazard and Moelis as the investment firms to lead its IPO. Yahoo Finance's Jared Blikre has Tuesday's commodities report.
- GuruFocus.com
T Boone Pickens' BP Capital Buys 5 Stocks in 2nd Quarter
Energy-focused firm invests in oil companies and a wind turbine blades manufacturer Continue reading...
- InvestorPlace
10 Stocks That Every 30-Year-Old Should Buy and Hold Forever
[Editor's note: "10 Stocks That Every 30-Year-Old Should Buy and Hold Forever" was previously published in April 2019. It has since been updated to include the most relevant information available.]By the age of 30, you should already have nearly a decade's worth of retirement savings under your belt. If you don't, you're not alone. A recent GoBankingRates survey showed that nearly half of the millennials questioned had no retirement savings at all.If you fall into that camp, keep in mind the old saying "better late than never," because it absolutely applies if you're only just starting to build a nest egg. If you just hit the big 3-0 and you've already been saving and investing for years, bravo; however, 30 is a great milestone to look over your investments and rebalance your portfolio with some of the best long-term stocks out there. InvestorPlace - Stock Market News, Stock Advice & Trading TipsUnlike in your 20s, risk is a much larger consideration a decade later. The market is bound to go up and down, and you have to assess whether or not you could handle a market-wide pullback. Moreover, you will want to keep some powder dry to buy on a dip. Income stocks that pay dividends become important stocks to buy at this stage, but choosing some riskier players shouldn't be completely off the table. * 10 Undervalued Stocks With Breakout Potential Of course, investors in their 30s should be holding some of their money in an index fund that will provide conservative growth. But here's a look at ten of the best long-term stocks to buy if you're in your 30s: Best Long-Term Stocks to Buy: Disney (DIS)I recommended Disney (NYSE:DIS) stock when the company's share price dipped below $100 following a racist tweet from Roseanne Barr, the star of one of the company's most successful sitcoms back in 2018. Disney responded by immediately canceling the show and distancing itself from Barr's hateful outburst, but investors worried that the loss of advertising from the canceled show would hurt advertising income.Since then, the market has come to its senses and DIS stock is back to trading above $135 per share.There are a few reasons Disney is one of the best long-term stocks to buy if you're building a portfolio in your 30s. The first is that the company is ripe for a major comeback.Disney is a solid company with a great deal of cash behind it. That means that even in the worst-case scenario, the firm has the money to spend on building out a streaming service from scratch and weather any storms that loom over the media space in the future. The firm also pays a respectable 1.3% dividend yield that will help balance out concerns about growth due to the firm's size. Netflix (NFLX)Another player in the streaming space worth considering one of the best long-term stocks to buy is Netflix (NASDAQ:NFLX).If you missed the boat on NFLX back in 2015 when shares were trading below $50, it might be a hard pill to swallow, but NFLX is still an excellent long-term bet despite the fact that its share price is over $300 today.The reason is that Netflix still has a long growth runway before investors should start to worry about the company becoming too large to produce the kind of growth they've become accustomed to. A company like, say, Apple Inc. (NASDAQ:AAPL) has a market cap of nearly $900 billion, making it unlikely that the firm can continue to grow at the same clip over the next decade. Netflix's market cap of $150 billion leaves plenty of space for the firm to catch up to its fellow FAANG peers over the next decade. * 10 Undervalued Stocks With Breakout Potential NFLX has the growth potential to do so as well. The company has proven that it has a good grasp on the population's ever-changing tastes, and although it has been expensive, Netflix's original content has been a huge draw for subscribers. While the U.S. market has been saturated, NFLX has only just begun its international expansion, leaving a long growth runway for the next few years.Over the past two years, Netflix has been preparing for a major push overseas, and those efforts are due to pay off over the next decade. GHB Insights' head of technology research Daniel Ives said he sees Netflix international expansion opening a potential market of 700 million subscribers in the next 2 years.So, although the streaming space is certainly getting more crowded, NFLX appears to have created a winning formula that makes it one of the best long-term stocks to buy and hold on to. Procter & Gamble (PG)Procter & Gamble (NYSE:PG) is one such stock to buy that, although boring, is a buy-and-hold-until-you-retire kind of stock.As I mentioned above, risk assessment is a huge part of building your portfolio in your 30s, and although you still have plenty of time to let risky bets play out, you should be thinking about adding some low-risk, solid stocks to your portfolio that will keep ticking along as the years go by.What makes PG stock one of the best long-term stocks to buy is that the company's management has a long history of maintaining a healthy cashflow and delivering shareholder returns and its 2.90% dividend yield will provide a reliable income.Not only that but PG's widely diversified business offers investors some security in times of economic trouble. Plus, PG sells a wide variety of necessities like toothpaste and soap, which are unlikely to take much of a hit even in the case of a recession.Increased competition is definitely something to keep in mind when considering PG, but the firm's strong financial position means it has the leeway to refocus its strategy and continue thriving in difficult conditions. Exxon Mobil (XOM)If you haven't started wading back into oil and gas stocks yet, now's your chance. And Exxon Mobil (NYSE:XOM) is one of the best long-term stocks to buy for a few reasons.Now that oil prices are starting to recover, it's worth revisiting the industry. The crash in crude oil prices helped weed out weaker firms and those that survived are coming back stronger than ever with more efficient operations and better future prospects. However, worries about oversupply are still in the forefront of investors mind, which has kept the sector from becoming too expensive.First, XOM's share price is still well below its 2015 highs, giving it plenty of room for a turnaround in the coming years. XOM stock is also working on an aggressive new strategy that includes a $2 billion pipeline in the Permian Basin. The firm also sees potential opportunities in Guyana and Brazil which are expected to help XOM ramp up production significantly over the next few years.Of course, oil prices will play a major role in whether or not XOM's plans are successful, but what's nice about owning Exxon shares is the fact that the company's integrated structure means it's not a direct oil play. So, although that means XOM won't see the same kinds of gains some of its peers do if oil prices spike, that also means it won't suffer the same losses should the opposite occur. * 10 Undervalued Stocks With Breakout Potential XOM also pays out a 5.1% dividend that has been raised every year for the past 36, taking the edge off some of the risk. Walmart (WMT)Discount superstore Walmart (NYSE:WMT) is often overlooked by investors because Amazon.com (NASDAQ:AMZN) tends to be their first choice. While I don't disagree that Amazon is still one of the best long-term stocks to buy, worries about WMT's future are largely overdone.Since being scathed by the ecommerce takeover a few years ago, WMT stock has made an impressive recovery and although the firm is still facing some headwinds, it's a solid stock to buy.Judging by the company's improving e-commerce sales, it looks like Walmart is on the right track to competing against the likes of Amazon. Amazon (AMZN)You'd have to be living under a rock to not have heard all the buzz surrounding Amazon over the past few years. If you haven't jumped on the AMZN stock bandwagon yet, though, there might still be time. Of course, you'd be much better off if you'd bought Amazon stock in 2012 when it was trading at just $200 per share, but the company still is one of the best long-term stocks to buy today.It might seem counterintuitive to consider AMZN when you look at the firm's massive $895 billion market cap and the fact that the company pays absolutely no dividends. Not to mention, AMZN stock has proven to be extremely volatile. However in your 30s you've still got time, and that means there's space in your portfolio for a little bit of wiggle room if you're comfortable with it.Aside from its dominance in e-commerce, Amazon is also a top dog in cloud computing, an industry destined to grow exponentially over the next few years. On top of that, AMZN is spreading its wings in a wide variety of industries including grocery and logistics and there are even rumors that the firm is working to make its way into the healthcare space as well. * 10 Undervalued Stocks With Breakout Potential It's hard to imagine AMZN's market cap getting much larger, but 30-somethings would be remiss not to consider Amazon stock to juice up their gains over the next five or 10 years. Berkshire Hathaway (BRK.B)It would be impossible to talk about the best long-term stocks without including Berkshire Hathaway Inc. (NYSE:BRK.B), run by legendary investor Warren Buffett. Of course, if you're 30 and just picking up Berkshire Hathaway stock now, then you're about to miss the boat in terms of benefiting from Buffett's infamous investing sense. However, that doesn't make BRK.B a bad long-term pick. The company has new fund managers at the helm who've already started taking over some of the firm's investment decisions and you can't argue with the value the firm already possesses. Berkshire has a roundup of defensive stocks that will help the firm ride out troubled markets, but the firm will also keep up with upward market trends. If nothing else, Berkshire stock is a great stabilizer that will round out your portfolio and mitigate against major market events making it one of the best long-term stocks 30-something crowd. Unilever (UN)Another consumer products stock to add to your list of the best long-term stocks is Unilever (NYSE:UN). The company has become massively efficient after undergoing major cost-cutting initiatives over the past few years in order to better compete as the industry became more and more competitive.That bodes well for the future because it means the company will be well prepared in the event of a recession, not to mention that the company sells a wide variety of basic necessities, which tend to continue selling even when purse strings are tight. * 10 Undervalued Stocks With Breakout Potential Another reason UN makes for a good stock to buy is the firm's presence in emerging markets. In 2017, more than half of the company's reported sales came from emerging markets. The company's huge footprint within emerging markets sets it apart from its peers because it creates a great long-term growth runway that others don't have access to. Microsoft (MSFT)Another steady-stock to buy in your 30s is Microsoft (NASDAQ:MSFT). Like a few others on this list, MSFT stock isn't exactly the most exciting stock, but it will do its job and make you some money. Unlike others in the IT industry, MSTF is mature which, in this case, translates to stability rather than falling out of touch with what consumers want. Right now MSFT is working to pivot away from its traditional software business and focusing on growth in its cloud business, which includes subscriptions like Office 365 as well as Azure, Microsoft's answer to Amazon Web Services. Growth in that arm of MSFT's business has been strong. With a P/E of 27 and a dividend yield of just 1.33%, there's no doubting that MSFT is an expensive stock, but you're paying a premium for a well run, solid business that has and will continue to withstand the test of time. Waste Management (WM)It's all well and good to invest in the next hot tech trend or retail story, but if you really want to make a play on future trends then look no further than Waste Management (NYSE:WM), the company that handles everyone's garbage. One thing is for certain, over the next few decades people are going to generate waste, and WM will be there to dispose of it. That makes it one of the best long-term stocks to buy.Not only does WM have a wide moat because of the regulatory permits it holds and its huge network of landfills, but the firm has also diversified its business to offer more than just waste collection and landfill maintenance. Waste Management also handles recycling and has been developing a way to turn landfill gas into energy. That means that as greener living continues to gain traction, WM will benefit as well. * 5 Stocks to Buy With High-Margin Recurring Revenue However, perhaps the most alluring reason to add WM stock to your portfolio is the firm's 1.7% dividend yield. The company has been raising its dividend annually for the past 15 years and there's no reason to expect that to stop anytime soon.As of this writing, Laura Hoy was long AMZN, AAPL, UN and NFLX. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post 10 Stocks That Every 30-Year-Old Should Buy and Hold Forever appeared first on InvestorPlace.
- Zacks
ExxonMobil to Hire Eco-Friendly Bunker Tanker Fueled by LNG
A unit of ExxonMobil (XOM) inks a deal to employ a bunker tanker in Singapore for delivering marine fuel with minimal sulphur content to seafaring vessels.
- InvestorPlace
Fill Up on Exxon Mobil Stock Now for an Imminent Rebound
With the price of WTI crude oil having traded in a range between $50 and $60 for quite some time, it's easy to forget that the price is down around 27% since peaking last October. Exxon Mobil (NYSE:XOM) stock isn't exactly outperforming either, as it's down 12% for the past 12 months and has trailed competitor Chevron (NYSE:CVX) by 11% during that time.Source: Jonathan Weiss / Shutterstock.com That lagging performance has turned some analysts bearish on Exxon Mobil stock, but I don't see things like most other people do. If anything, the price differential between XOM stock and its competitors is one of the strongest reasons to start a long position in one of the petroleum industry's biggest and best-known mega-corporations of our lifetime. Buy and Hold XOM Stock for Terrific DividendsIt always bothers me when analysts completely ignore dividends and only focus on the price action of a stock. Dividends, as Warren Buffett has reminded us many times, are one of the keys to long-term wealth accumulation for smart investors. And if any company deserves to call itself a dividend aristocrat, it's Exxon Mobil.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Undervalued Stocks With Breakout Potential For a basis of comparison, we can compare the dividend payout of XOM stock to its chief rival, CVX. Chevron's dividend yield is quite decent at 4.1%, but Exxon Mobil is the clear winner in that category at 5%. It's also worth noting that while Chevron's dividend payout ratio (defined as the company's dividends per share divided by its earnings per share) is a perfectly respectable 58%, Exxon Mobil wins again with a dividend payout ratio of 76%, which is simply outstanding. An Analyst Weighs inIt's all over the financial news that famous British bank and analyst firm Barclays has given Chevron an overweight rating while they've only given Exxon Mobil stock an equal weight rating. That's the equivalent of declaring that CVX is a much better buy than XOM stock right now. I don't concur with Barclay's unfavorable comparison of Exxon Mobil as a long-term portfolio allocation.In defense of her position, Barclays analyst Jeanine Wai explained in a note that Chevron is well-positioned to return significant free cash flow. This brings me back to my previous point, which is that a very healthy 5% dividend yield is precisely what I would call a "significant" flow of cash to shareholders. This is cash deposited into my brokerage account, which I will gladly collect and reinvest right back into more XOM stock.Wai also projects that drilling in the Permian Basin will provide positive cash flow for Chevron in the first quarter of 2020. However, Exxon Mobil is also aggressively drilling in the Permian Basin, with a cash-flow-positive target of 2021. The target is bit later than Chevron, but also a realistic timetable. In any case, no one is doubting that Exxon Mobil has plenty of capital available to drill in the Permian, and the company is planning to produce the equivalent of around 1 million barrels of oil from the region per day. Clearly, there's no slowing down for XOM regardless of the stock price. The Bottom Line on Exxon Mobil StockAs Wai correctly observed, "Energy is currently one big 'Show-me Story,'" suggesting that it's up to each company individually as well as the sector as a whole to prove themselves and justify higher stock valuations. Just as oil itself has been under price pressure in the past year, XOM stock needs to dig itself out of the hole it's created. And that's going to require lots of capital and a strong focus on the Permian. A rebound in the price of crude oil certainly wouldn't hurt, either.I believe that all of these issues will resolve themselves in the near future and Exxon Mobil stock shares will rebound sharply. Most importantly, unlike a certain British analyst, I don't feel the need to compare XOM to any of its rivals. It's a great company on its own, and shareholders can purchase shares with confidence, enjoy the dividends and profit handsomely when the oil price eventually breaks out.As of this writing, David Moadel did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Cheap Dividend Stocks to Load Up On * The 10 Biggest Losers from Q2 Earnings * 5 Dependable Dividend Stocks to Buy The post Fill Up on Exxon Mobil Stock Now for an Imminent Rebound appeared first on InvestorPlace.
- American City Business Journals
South Texas drilling permit roundup: Carrizo makes Eagle Ford return
The South Texas Drilling Permit Roundup is a weekly review of new drilling permit applications filed with the Railroad Commission of Texas for a 67-county area of South Texas.
- Reuters
INSIGHT-Climate change could rain on Saudi Aramco's IPO parade
LONDON/DUBAI, Aug 20 (Reuters) - Saudi Aramco's biggest asset could also be a liability. In the three years since Saudi Crown Prince Mohammed Bin Salman first proposed a stock market listing, climate change and new green technologies are putting some investors, particularly in Europe and the United States, off the oil and gas sector. Aramco, for its part, argues oil and gas will remain at the heart of the energy mix for decades, saying renewables and nuclear cannot meet rising global demand, and that its crude production has lower greenhouse gas emissions than its rivals.
- Benzinga
Barclays Likes Chevron Better Than Exxon Right Now For Big Oil Investors
It’s the black gold of Permian Basin crude from West Texas that fuels the battle between Big Oil giants Chevron Corporation (NYSE: CVX) and Exxon Mobil Corporation (NYSE: XOM), but for Barclays it’s the green of cash that sets the two apart for investors. Barclays analyst Jeanine Wai initiated coverage of Chevron with an Overweight rating and a $145 price target.
- MarketWatch
Chevron is a better bet than Exxon, Barclays says
West Texas’s Permian Basin is the key driver for shares of both Chevron Corp. and Exxon Mobil Corp., but Chevron has an edge over Exxon due to its “superior” cash position, analysts at Barclays say.
- Motley Fool
Here's Why 1 Analyst Prefers Chevron Stock Over ExxonMobil
The answer can be summed up in a single word: Cash.
- Barrons.com
Buy Chevron Stock Because It Has Plenty of Cash to Return to Shareholders, Analyst Says
Energy stocks have made little progress in 2019, but Barclays argues that Chevron can stand out despite the sector’s difficulties.
- TheStreet.com
Chevron Shares Rise on Barclays Overweight Rating
Chevron rose after an analyst at Barclays initiated coverage of the oil and gas company with an overweight rating and a stock price target of $145.
- Bloomberg
The Texas Power Casino Pays Off (for Now)
(Bloomberg Opinion) -- There’s a Vegas-like quality to the Texas electricity market. Whereas other regions use factors like capacity payments to encourage new power plants, Texas relies on the spin of the wheel. If temperatures are hot enough, and the wind is calm enough, and enough power generators go offline unexpectedly, a scramble for power spurs prices from the usual range of $20 to $30 per megawatt-hour up to $9,000.And that’s what happened last week:Merchant generators in Texas play this slot machine, hoping for a handful of these windfalls. BloombergNEF estimates the state’s generators reaped $1.5 billion across just two days last week, equivalent to more than 10% of the money paid in the wholesale electricity market last year.The Electric Reliability Council of Texas, or Ercot, banks on such jackpots tempting developers to build more capacity. The mechanism works, more or less, but the inevitable lag between market signals and new construction can leave the power market dangerously close to shortages — and consequently the spikes. This is shown clearly in the reports Ercot publishes twice a year providing a forecast of the state’s “reserve margin,” or spare capacity. The target level is 13.75% of peak demand. Here are the forecasts for 2020 through 2023 taken from the May report over the past seven years:The latest forecasts suggest expectations are beginning to turn again. While the expected reserve margin for 2020 has shrunk further, it has expanded further out, moving back above the target level in 2021. That may prove optimistic.NRG Energy Inc., one of the biggest power generators and retailers in Texas, said on its recent earnings call that Ercot most likely overestimates new capacity and underestimates closings. As warnings go, this one is less a call to arms and more a pitch to buy; NRG’s plants should profit in a tighter, more volatile market. That said, it is safe to assume that much of the roughly 112 gigawatts of proposed projects — substantially bigger than the state’s total existing capacity — will not materialize. Less than a quarter of it had an agreement to hook plants into the grid signed at the end of July. Wind and solar projects dominate Texas’ pipeline and Greg Gordon, an analyst at Evercore ISI, typically discounts these by 35% and 75% respectively. He forecasts much tighter conditions in the medium term:In theory, this alternative view should spur new projects, especially solar farms. Hot, muggy days can mean air conditioners crank up just as the state’s formidable fleet of wind turbines slow for want of a breeze. Solar power, on the other hand, is tailor-made for those dog-day afternoons. But the state’s solar capacity of 1.9 gigawatts is low, and while there is a nominal 62 gigawatts in the works, most of it will never see the light of day. Tara Narayanan, a solar analyst for BloombergNEF, points to the impending roll-off of the investment tax credit for renewable projects as well as President Donald Trump’s tariffs on imported solar modules. Taken together, these mean the optimal window for building solar capacity approved before the end of 2019 is actually in 2022-2023, when developers can still utilize the highest tax credit while also purchasing equipment unburdened by the tariffs.(1) Ercot’s pipeline suggests perhaps 3.4 gigawatts of new solar capacity entering service by the end of next summer. Using that as a conservative estimate and plugging it into BloombergNEF’s U.S. “Power Mixer” tool, the result implies a cut to average peak summer prices in 2021 of almost $4 per megawatt-hour, knocking perhaps $270 million off fleet revenue. That’s unhelpful for merchant generators but hardly a game changer.Yet the game is changing at a broader level. Texas, like so many other power markets, is undergoing a transition. In addition to wind power, cheap shale gas pushes down on power prices while rising demand and the retirement of older thermal power plants offer support. Even if solar power has been slow to take hold, and reserve margins remain low, the Texas power market represents a gamble. After all, last week’s spike came after a months-long slump in power futures as expectations of a lucrative heat wave had declined. Similarly, while 2018’s summer was a hot one, there were no big price spikes that year. This is one reason, even with near-term reserve margins looking tight, investors have been reluctant to price that fully into generator stocks. It is also why, even with the prospect of markets remaining tight, there will be no wave of construction in big conventional plants. Solar’s quick lead times and the ability to scale up alongside demand is a structural advantage.The price volatility, and expectation of more, is spurring one important part of the market to take matters into its own hands: commercial and industrial customers. As even the likes of Exxon Mobil Corp. have discovered, a long-term renewable supply contract can deliver energy at stable prices, and the cost of such power continues to drop. Corporate power-purchase agreements signed in Texas this year are likely to surpass those for the entire U.S. just two years ago, according to BloombergNEF. Power producers in Texas should enjoy decent odds of more jackpots in the next few years, but the house is moving against them. (1) This assumes, of course, that neither the tax credit nor the tariffs are extended.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Investopedia
What Do AA+ and AAA Credit Ratings Mean?
Moody's just downgraded China's credit rating. So, what does it matter if you hold a AAA or AA+ rating?
- Motley Fool
Why This Oil Stock Believes It Will Be a Big Winner Over the Long Term
Hess is about to start up a massive cash flow growth engine.
- Barrons.com
Wall Street Has Abandoned Oil and Gas Stocks. You Shouldn’t.
The beaten-down energy sector is starting to look oversold. That’s misguided. Here are some picks to play a rebound.
- Zacks
Why Exxon Mobil (XOM) Could Be Positioned for a Slump
Exxon Mobil (XOM) has witnessed a significant price decline in the past four weeks, and is seeing negative earnings estimate revisions as well.
- Motley Fool
How Safe Is ExxonMobil's Dividend?
Oil and gas giant Exxon is getting hit again. Has the story changed, or is the recent drop just par for the course?
- Benzinga
A Surprising Sector ETF For Avoiding International Revenue Exposure
At a time when many investors are assessing the international exposure of their equity holdings, it pays to evaluate that issue from the sector level. Last year, the S&P 500 got 43% of its sales from outside the U.S., down from 44% in 2017, but that percentage varies from sector to sector. “The latest volatility in the S&P 500 Index has been driven in part by the ongoing and often escalating trade tensions between the U.S. and China,” said CFRA Research Director of ETF & Mutual Fund Research Todd Rosenbluth in a recent note.
- Reuters
ExxonMobil charters Singapore's first LNG-fuelled bunker barge
ExxonMobil Asia Pacific has signed a two-year time charter agreement with Singapore-based Sinanju Tankers Holdings Pte Ltd to lease Singapore's first liquefied natural gas (LNG) powered bunker tanker, Sinanju said in an statement on Friday. The 7,990 deadweight tonnage (dwt) new build will be the first LNG bunker tanker for Singapore and Sinanju and will deliver ExxonMobil's new Engineered Marine Fuels (EMF.5) to ocean-going vessels within Singapore port limits from the first quarter of next year.
- Zacks
Delek (DK) Q2 Earnings Beat on Refining Strength, Up Y/Y
Lower RIN costs, completion of the Alkylation project at the Krotz Springs refinery and higher crack spreads buoy Delek US Holdings' (DK) refining unit in second-quarter 2019.
