8:44am ET
Companies and Brands
GDP Brings No News of Recession
Don’t say that the United States is entering a recession. Not yet at any rate. For a true recession to be present, the gross domestic product (GDP) has to be negative for…
Companies
/Energy
Exxon Mobil Corp
$159.47
▼ $2.74 (−1.69%) today
Markets closed · 12:37pm ET
XOM Coverage
Page 1528:11am ET
Investing
Top Analyst Upgrades and Downgrades (AMGN, CAT, CL, DE, DOW, EXPE, XOM, GE, GDOT, LINE, PCS, NAV, RTN, S, SBUX)
Jon OggThese are some of the top analyst upgrades, downgrades, and initiations seen from Wall St.research calls this Friday morning. Amgen Inc. (NASDAQ: AMGN) raised to Overweight at Piper Jaffray. Caterpillar Inc.…
10:51am ET
Energy
Natural Gas Inventories Rise, Price Up Slightly
The U.S. Energy Information Administration (EIA) today reported that U.S. natural gas stocks rose by a total of 26 billion cubic feet, in line with analysts expectations. Natural gas futures prices are…
9:13am ET
Energy
Exxon Mobil Shows Earnings Strong with High Oil and Low Oil Prices
coutesy of Exxon Mobile Corp.Exxon Mobil Corp. (NYSE: XOM) is showing that oil is profitable at $80 or at $100 per barrel. The oil giant reported second-quarter net income of a whopping…
Jon C. Ogg 8:19am ET
Energy
Iraq Shoots Down Chevron
The government of Iraq has barred Chevron Corp. (NYSE: CVX) from bidding on lease contracts in central and southern Iraq, following the company’s deal with India’s Reliance Industries last week in which…
2:19pm ET
Energy
Federal Court Upholds US EPA Air-quality Rule
A federal appeals court in Washington, D.C., today ruled that the US EPA’s 2010 rule limiting emissions of sulfur dioxide was valid. The rule had been challenged by a trade group representing,…
10:57am ET
Energy
Natural Gas Inventories Rise, Price Too
The U.S. Energy Information Administration (EIA) today reported the U.S. natural gas stocks rose by a total of 28 billion cubic feet, at the lower end of an expected increase in the…
2:21pm ET
Energy
BP Starts Talks on Sale of Stake in TNK-BP
Oil supermajor BP plc (NYSE: BP) announced today that it will begin a 90-day “good faith” negotiating period with its Russian partner in TNK-BP related to the sale of some or all…
9:39am ET
Energy
BofA/Merrill Lynch Cuts 2012 & 2013 S&P 500 Targets
Bank of America Merrill Lynch is cutting its expectations on the S&P 500 Index, and therefore ultimately on the SDPR S&P 500 (NYSEMKT: SPY)i n its Macro/Investment Strategies call. Today’s downgrade was on…
7:20am ET
Jobs
Norway Ends Lockout Threat in North Sea Oil Fields
The government of Norway has ended a 16-day strike against offshore oil and gas producers and killed the threat of an industry lockout that was set to begin at midnight last night.…
1:02pm ET
Jobs
Norway Prepares to Lockout Offshore Oil Field Workers
An association representing oil companies working on Norway’s continental shelf is preparing for a lockout against striking workers beginning at midnight tonight. If the lockout is enforced, about 6,500 workers will be…
11:32am ET
Energy
Exxon’s Natural Gas Confession Bad For All; Maybe An Earnings Warning? (XOM, CHK, BP, ECA, COP, DVN, EOG, APC, UPL, STR, UNG)
At a meeting in New York this morning, Exxon Mobil Corp. (NYSE: XOM) CEO Rex Tillerson said that his company is “losing our shirts” on natural gas production. Did he just notice…
10:08am ET
Investing
S&P 500 Buy-Sell Pivots: Trying For 2-Day Gain (SPY, MSFT, AAPL, XOM, GE, T, PG)
Can the markets rise two days in a row anymore? That is what we are looking for in the daily charts review. We are tracking the daily buy/sell pivot points on the SPDR…
7:53am ET
Energy
US Gas Drilling Slowdown Hits Supplier (KEX, BHI, XOM, CHK, EOG, RRC)
A major supplier of the engines and transmissions that drive the hydraulic fracturing (fracking) at US oil and gas wells announced this morning that it is reducing its second quarter and full…
7:39am ET
Energy
Gulf of Mexico Lease Sale Nets $2.6 Billion (XOM, COP, CVX, APA, RDS-A, APC, NBL, BP, BHP, STO)
The US Department of Interior’s Bureau of Ocean Energy Management (BOEM) yesterday held a lease sale for 39 million acres of US outer continental shelf open for development. The total of all…