How Obama's Budget Plan Could Affect You
2010-02-08 08:46:11
Quote: Bad news could bubble up for Exxon Mobil and ConocoPhillips. Although these companies will no longer be taxed for drilling on the outer continental shelf, other tax preferences could be eliminated for oil, gas and coal producers. Tax incentives for domestic exploration and drilling could also be cut. The proposed return of a Superfund tax could raise $19 billion during the next 10 years. The taxes, first enacted in 1980 to finance the cost of cleaning toxic waste sites, expired in 1995. If resto...
Read articleDEALTALK-China's CNOOC emerges from shadows, eyes big deal
2010-02-08 08:46:09
Keywords: Hong Kong,Asia,China,United States of America,Europe,Mergers and Acquisitions (including Changes of Ownership),Crude Oil,Energy and Resources,Emerging countries,United Kingdom,Western Europe,Italy,Business activities,Contract between 2 or more corporate e
Quote: In September, CNOOC identified 23 licences in Nigeria in
which it would like to buy stakes, including 16 operated by
Royal Dutch Shell (RDSa.L), Chevron (CVX.N) and Exxon Mobil
(XOM.N) which were up for renewal.Nigerian politicians are even pumping up a potential deal. "The application was to acquire reserves of 6 billion
barrels which we are currently discussing. They are prepared to
spend as much as $50 billion," Emmanuel Egbogah, Nigeria's
presidential adviser on energy, said in December.
[ID...
Read articlePicks of the Week: Comcast, Cisco, NYSE, Visa
2010-02-08 08:46:05
Keywords: Comcast, Cisco, NYSE, Visa, Time Warner, Lexmark, Exxon Mobil, stock picks, analyst picks, picks of the week
Quote: 2
Exxon Mobil Corp.XOM)
UBS Securities keeps neutral; lowers price target
posted a smaller decline in fourth-quarter profit than analysts estimated on Feb. 1. Net income fell 23% to $6.05 billion, or $1.27 a share, from $7.82 billion, or $1.54, a year earlier.
UBS Securities analyst William Featherston maintained a neutral rating on the shares on Feb. 2. He said in a note that the company's earnings per share (EPS) of $1.27 exceeded the Wall Street consensus estimate of $1.19 and the UBS p...
Read articleS&P cuts Berkshire's rating, cites Burlington deal
2010-02-05 04:07:23
Quote: industrial companies maintain S&P's "AAA" rating: Microsoft Corp., Exxon Mobil Corp., Johnson & Johnson and Automatic Data Processing Inc. More than a dozen U.S. financial institutions, including the Knights of Columbus and New York Life Insurance Co., hold the highest designation.The acquisition of Burlington Northern Santa Fe, the nation's second-largest railroad, would be the biggest ever for Warren Buffett's Berkshire Hathaway investment company. Berkshire Hathaway, based in Omaha, N...
Read articleExxon Mobil, Cisco Systems: Money Flow Leaders (XOM, CSCO)
2010-02-05 04:07:23
Quote: By MARKET DATA STAFFExxon Mobil Corp topped the list in late trading forBuying on Weakness, which tracks stocks that fell in price but had the largest inflow of money. See thefull list.
Cisco Systems Inc. topped the list forSelling on Strength, which tracks stocks that rose in price but had the largest outflow of money. See thefull list.
Go to Markets Data Center (WSJMarkets.com) for complete coverage.......
Read articleUS shale gas won't cut need for Alaska gas pipeline
2010-02-03 03:07:17
Keywords: United States of America,Washington / US Government News,Crude Oil,Energy and Resources,Products from Crude Oil,Natural Gas,Environment,Utilities,Canada,United Kingdom,Western Europe,Europe,General News,Politics International Affairs and Law,Domestic Poli
Quote: TransCanada Corp (TRP.TO) and Exxon Mobil Corp (XOM.N) have
teamed up to build a pipeline, while BP Plc (BP.L) and
ConocoPhillips (COP.N) have joined forces in a rival project. "Eventually it's going to become one project. No one
expects those two pipes," saidPersily. "It's going to be a
commercial deal that involves all four of those companies." To help cover the costs of the winning pipeline, which
could have a price tag of up to $40 billion and may take a
decade to complete, Congress has appr...
Read articleMarathon earns $355M in 4Q on higher oil prices
2010-02-03 03:07:17
Quote: Europe's second-largest oil company said its refining indicator margin, a broad measure of profitability, dropped from $5.20 a barrel in the last quarter of 2008 to $1.49 a barrel in the recent period.Exxon Mobil said earlier that its U.S. refineries lost $287 million in the fourth quarter, and Chevron's refineries lost $613 million. Valero, America's largest independent petroleum refiner, lost almost $2 billion in 2009.After expanding its refinery in Garyville, La., Marathon said Monday it woul...
Read articleUPDATE - Imperial Oil profit falls on weak refining results
2010-02-03 03:07:15
Keywords: Energy and Resources,Canada,United States of America,Corporate Results,Business activities,Crude Oil,Products from Crude Oil,Natural Gas,Commodities and Energy Markets,Energy Markets,Company News item,Economic news, EC, business/financial pages,
Quote: oil major Exxon Mobil Corp
(XOM.N), earned C$534 million ($504 million), or 62 Canadian
cents a share, down from year-earlier C$660 million, or 76
Canadian cents a share. Analysts, on average, had expected the company to earn 72
Canadian cents a share, according to Thomson Reuters I/B/E/S. Revenue was C$5.9 billion, about flat with the fourth
quarter of 2009. Imperial, known for extensive heavy oil and oil sands
operations as well as its national chain of Esso service
stations, said results were...
Read articleExxon Mobil saw profit drop for 4th quarter, full year
2010-02-02 01:53:43
Keywords: Dallas business news, energy industry, oil and gas, power, deregulation, Exxon, Texas energy, Dallas news, Dallas Morning News
Quote: Exxon Mobil saw profit drop for 4th quarter, full year12:00 AM CST on Tuesday, February 2, 2010By ELIZABETH SOUDER/The Dallas Morning News esouder@dallasnews.com Exxon Mobil Corp. suffered last year, along with the refining industry, as global demand for fuel dropped. The recession caused people to use less fuel, cutting demand for the Irving oil giant's products and squeezing prices for refineries. "Against a continued backdrop of subdued economic growth, decreased demand for petroleum products...
Read articleSector Wrap: Airline stocks rise
2010-02-02 01:53:42
Quote: Energy stocks led the way after a strong earnings report from Exxon Mobil Corp. and a $1.54 a barrel increase in crude oil prices on the New York Mercantile Exchange.Airline stocks often fall when oil prices rise because fuel is one of their biggest costs. But the surge in energy stocks didn't hurt airlines on Monday.The Amex airlines index rose 3.4 percent, with all 13 of its components closing higher.Shares of American Airlines parent AMR Corp. rose 50 cents, or 7.2 percent, to $7.42, despite ...
Read articleExxonMobil: In Or Out of Africa?
2010-02-02 01:53:40
Keywords: Energy News, Utility News, Energy Industry News, Financial News, Market News, Market Coverage, Forbes News, Oil, Gasoline, Solar Energy, Petroleum, Wind Power, Electricity
Quote: Read articleExxon Grew as Oil Industry Contracted
2010-02-02 01:53:37
Keywords: Oil (Petroleum) and Gasoline,Exxon Mobil Corp,Company Reports
Quote: While much of the oil industry contracted last year, Exxon Mobil expanded its oil and gas operations in the United States and around the world.Exxon, the top Western oil company, took advantage of the weak climate to bolster its operations, buying smaller rivals and attractive assets as it sought to lay the foundation for growth once the economy rebounds. $31 billion purchase of XTO Energymajor foothold in IraqoffGhanaPapua New Guinea to export gas to China and Japan. The plan follows Exxon̵...
Read articleThis Week's 'Barron's' Roundup
2010-02-01 01:28:42
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Stockpickr Staff ,Stockpickr
Quote: Among the stocks mentioned are MasterCardMA Quote), Petroleo BrasileiroPBR Quote) and Exxon MobilXOM Quote).Dividend AvoidanceBarron's article says that many big companies with the financial wherewithal to pay dividends are avoiding payouts for no good reason. Among the stocks mentioned are AppleAAPL Quote), Berkshire HathawayBRK.A Quote), AmgenAMGN Quote) and GoogleGOOG Quote).Bullish and BearishBarron's publishes bullish and bearish stories on a variety of stocks. We present summaries of those...
Read articleIraq seals deal with Russia's Lukoil-led group
2010-02-01 01:28:41
Quote: giant Exxon Mobil Corp. secured only one field and largely shunned other offerings.Iraq's first postwar oil deal went to China National Petroleum Corp. in 2008. The deal, which gave CNPC rights to develop a central field, was the first Saddam-era deal honored by the postwar government.Overall, the big winners were firms from Malaysia, China, Russia, Europe, Angola and two American companies.Topping the list is Petronas, which is leading a consortium and participating in three others. CNPC struck...
Read articleAre stocks set for a down year?
2010-02-01 01:28:39
Quote: companies have reported quarterly earnings so far and of those, 73 percent have beaten earnings estimates, exceeding the 68 percent that beat in the last two quarters, according to data from Bespoke Investment Group.But that positive earnings picture has not translated into gains for the stock market this time around.Bespoke Investment Group's data shows the average stock of a company whose earnings beat estimates gained only 0.8 percent, compared with a 2.9 percent drop in those that missed."Th...
Read articleUPDATE - Wall St Week Ahead: U.S. stocks set for a down year?
2010-02-01 01:28:39
Keywords: Commercial services and supplies (industry group),Industrial machinery,Machinery,
Quote: With heavyweights like Exxon Mobil Corp
(XOM.N) and United Parcel Service Inc (UPS.N) set to report
this week, investors will be looking for that to continue,
going some way to offset the perception that political risk is
on the rise. Still, China's protest over the weekend of a $6.4 billion
U.S. arms sale to Taiwan is yet another political bump in the
road for investors. China said it would impose unspecified
sanctions on any companies involved in the deal. For details
see [ID:nTOE60U003] and [...
Read articleUPDATE - Sabine-Neches ship traffic back to normal -pilots
2010-02-01 01:28:37
Keywords: Crude Oil,Energy and Resources,Products from Crude Oil,United States of America,Marine (sub-industry),France,Western Europe,Europe,United Kingdom,Commodities and Energy Markets,Energy Markets,Company News item,Economic news, EC, business/financial pages,
Quote: Exxon Mobil Corp (XOM.N) has declined to discuss production
levels at its 344,500-bpd Beaumont refinery, where the Eagle
Otome was headed when the crash happened. Total Petrochemicals (TOTF.PAErwin SebaBernard Orr)......
Read articleUPDATE - Top funds betting on MasterCard, Exxon-Barron's
2010-02-01 01:28:37
Keywords: Commercial services and supplies (industry group),Industrial machinery,Machinery,Data processing services,United States of America,Emerging countries,China,Asia,Industrial conglomerates (industry),Hong Kong,Energy and Resources,Utilities,Retailing,Food pr
Quote: UPDATE 1-Top funds betting on MasterCard, Exxon-Barron's
(Adds more recommendations from Barron's) NEW YORK, Jan 31 (Reuters) - The top portfolio managers at
leading mutual funds are betting on companies ranging from
MasterCard Inc (MA.N) to Exxon Mobil Corp (XOM.N) for 2010,
financial weekly Barron's said in its Feb. 1 edition. Dennis Lynch, the head of growth investing at Morgan
Stanley Investment Management, was cited as favoring names like
MasterCard, research firm MorningStar (MORN.O), and...
Read articleMotorola, Exxon, Ford See Big Short Increase
2010-01-29 02:42:32
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Dan Freed ,Automakers
Quote: (MOT Quote), Exxon Mobil Corp. (XOM Quote) and Ford Motor Co. (F Quote) all saw big percentage increases in shorting activity in the first half of January.Motorola saw short interest rise to nearly 58 million shares -- a 52% increase over the last half of December. Exxon short interest jumped by 31% to 72 million shares, and Ford saw a 25% rise in short interest, with 193 million shares sold short.All three companies were among the 100 most shorted tickers on the NYSE -- a list the exchange publ...
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