2:35pm ET
Investing
Alaska Natural Gas Deal Reached (XOM, BP, COP)
Last week, we noted how a deal was in the works that could bring about a start to natural gas production from Alaska’s North Slope. Leases in the Ft. Thompson area were…
XOM Coverage Page 158
9:06am ET
Consumer Electronics
Apple Overly Dominates S&P 500 Performance, Still Lags Some Index Titans (SPY, AAPL, MSFT, XOM, SHLD, BAC, NFLX)
Apple Inc. (NASDAQ: AAPL) has one more bit of evidence that it is acting as if it was its own stock index. Its exceptional share performance is worth a substantial portion of…
11:34am ET
Investing
Obama Speech Attacks Oil & Gas Subsidies (XOM, VLO, CHK, FSLR, USO)
In a “we versus them” speech today, President Obama again called for the end of subsidies for oil and gas companies. His speech talked about the global opportunities that the big oil…
6:34am ET
Investing
What’s Important Today (3/29/2012) PetroChina Tops Oil Production, Goldman Board Meets
Europe moved closer to raising the value of all of its bailout funds to a total of $1.3 trillion. Many economists believe that sum will calm the global capital markets. Worry remains that…
6:18am ET
Energy
PetroChina Passes Exxon
Exxon Mobil (NYSE: XOM) is no longer the world’s largest corporate producer of oil. That distinction has gone to PetroChina (NYSE: PTR). Reuters reports that “PetroChina announced Thursday that it pumped 2.4…
Douglas A. McIntyre 4:06pm ET
Investing
24/7 Wall St. Closing Bell (XOM, WDC, RAX, NLY, EMR, BBX, CAG, GME, IHS, LULU, PERY, SONC, NCTY, DG, DISCA, RGR, SWHC, BTFG, DMND)
Markets opened sharply this morning and remained in negative territory all day. Purchasing managers’ indexes in the eurozone and in China came in lower than expected this morning, weighing European and Asian…
12:38pm ET
Energy
Russia Likely to Open Arctic to Private Development (XOM, BP, STO)
In an interview with the Financial Times, Vagit Alekperov, CEO of Lukoil said that Russia’s policy of retaining all its rights to offshore development of what are believed to be vast reserves…
7:57am ET
Energy
Exxon Stops Work on Papua New Guinea LNG Plant (XOM)
Exxon Mobil Corp. (NYSE: XOM) has stopped work in one location on its $15.7 billion liquefied natural gas (LNG) plant in Papua New Guinea. The stoppage is the result of another dispute…
Paul Ausick 6:43am ET
Investing
The Case for DJIA 14,000… Or 15,000 (JPM, BAC, IBM, XOM, CVX, CAT, AAPL, MSFT, INTC, GE)
Jon Ogg2012 has been a great year for stocks. We have recently seen the NASDAQ return to 3,000 for the first time in a decade. The S&P 500 Index has also now…
12:38pm ET
Investing
Exxon Production Estimated to Drop in 2012 (XOM)
In a presentation to analysts at the New York Stock Exchange today, Exxon Mobil Corp. (NYSE: XOM) Rex Tillerson said that the company would see a production decline of -3% in 2012,…
Paul Ausick 11:35am ET
Investing
Exxon Considers Dumping Kurdistan Exploration Deal (XOM, RDS-A)
Exxon Mobil Corp. (NYSE: XOM) has already been barred from bidding in the next round of permit sales to develop various projects in southern Iraq because of its contract with the government…
Paul Ausick 7:33am ET
Investing
Keystone XL Pipeline Likely to Raise Gasoline Prices (TRP, XOM, SU, CVE, MPC, HFC)
The proposed 1,700-mile Keystone XL pipeline will not make the US more energy independent nor will it lower gasoline prices. If anything, the pipeline from western Canada’s oil sands to the US…
2:14pm ET
Energy
Oil Refiners Look To Exports Growing Profit (VLO, TSO, MPC, HFC, XOM, BP, CVX)
This morning’s report from the US Energy Information Administration (our coverage here) showed that commercial crude oil inventories in the US rose by 4.2 million barrels last week. At the same time,…
1:15pm ET
Investing
France’s Total Begins Production at Offshore Nigerian Field (TOT, CVX, XOM)
French oil & gas giant Total SA (NYSE: TOT) has begun production at the Usan field offshore of Nigerial. Total owns 20% of the production and is the operator of the field.…
8:59am ET
Investing
ExxonMobil Reserves Gain 107% (XOM)
The value of every oil company rests primarily on the number of barrels in a company’s proved reserves. Ideally, through exploration and acquisitions an oil company wants to replace the number of…
Paul Ausick