7:18am ET
Investing
Exxon (XOM) Sinks
Wall St. didn’t think much of Exxon’s (XOM) earnings. That is odd because the company made an obscene $10.9 billion. The stock is off over 2%. The oil company’s earnings for the…
Douglas A. McIntyre
Companies
/Energy
Exxon Mobil Corp
$159.47
▼ $2.74 (−1.69%) today
Markets closed · 12:11pm ET
XOM Coverage
Page 190 Douglas A. McIntyre 12:46pm ET
Energy
Exxon Mobil Hikes Dividend… Confidence On Higher Oil Prices? (XOM)
Exxon Mobil Corp. (NYSE: XOM) has just given another vote of confidence on higher oil prices, or so it would seem. "BIG OIL," or dare we say "Standard Oil," has announced that…
Douglas A. McIntyre 2:51am ET
Investing
Media Digest 4/30/2008 Reuters, WSJ, NYTime, FT, Bloomberg
According to Reuters, the Fed will probably cut rates and them pause for some time Reuters writes that senior financiers see the current economic situation as a recession on Main Street and …
5:39am ET
Energy
The Spring Season Comes To Big Oil, Can Excess Profit Taxes Be Far Behind?
BP (BP) and Shell produced out-sized profits for the first quarter. BP earnings rose to $7.62 billion from $4.66 billion. Over at Shell the numbers were up to $9.08 billion from $7.28…
2:40am ET
Media
Media Digest 4/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Cadbury is looking at buying Hershey. Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial. Reuters reports that share…
11:25am ET
Investing
China Gas Price Game Starts To Show Cracks (PTR)(SNP)(GM)(XOM)(TM)
The shell game of controlling gas and diesel prices in China is not terribly clever, but it has worked. The government and the oil & refinery companies which it controls buy crude…
5:41am ET
Investing
The “AAA” Club: Why The Safest Companies Bet The Market
There are only six companies left with "AAA" ratings from both S&P and Moody’s. The are Automatic Data Processing (ADP), Berkshire Hathaway (BRK), GE (GE), Johnson & Johnson (JNJ), Exxon (XOM), and…
10:16am ET
Energy
Exxon Mobil’s Thai Unit, Up For IPO (XOM)
Reuters ran a pretty interesting article regarding Exxon Mobil Corp. (NYSE: XOM) today that really hasn’t gotten much coverage. Apparently, its Esso (Thailand), its unit of Exxon Mobil in Thailand, plans to…
Douglas A. McIntyre 2:53am ET
Media
Media Digest 3/19/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the Fed cut rates .75%. Reuters writes that Visa raised $17.9 billion in its IPO. Reuters writes that New York City will probe whether Bear Streans (BSC) misled investors.…
9:42am ET
Energy
$5 Gas By Labor Day
If gasoline prices move from their current average price of $3.20 to $5, the cost of fuel for a family that spends $50 a week for gas would move up over $1,000…
3:49am ET
Media
Media Digest 3/6/2007 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, H&R Block posted a large quarterly loss. Reuters writes that the service sector slump is pulling down the economy. Reuters writes that Ambak (ABK) raised at least $1.5 billion.…
6:01am ET
Energy
Venezuela Say Exxon (XOM) Asset Seizure Based On Fantasy
PDVSA, the state-owned oil company of crack-pot Hugo Chavez’s Venezuelan government, claims that Exxon’s (NYSE:XOM) seizer of $12 billion in assets is based on "fantasy". Lawyers for PDVSA said that the claim…
Douglas A. McIntyre 5:35am ET
Investing
Chavez Retreats (XOM)
Perhaps feeble-minded Venezuelan president Victor Chavez does not want to spend decades in court with Exxon (NYSE: XOM) fighting over the oil company’s seizure of some of the country’s assets due to…
Douglas A. McIntyre 6:18am ET
Energy
OPEC Sends Big Oil Companies Back To The Field (XOM)(BP)
One of the solutions for fighting the high price of oil is to increase the supply. That seems simple enough, but it is expensive, at least for oil companies. OPEC is not…
4:08am ET
Media
Media Digest 2/19/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Toshiba will drop its HD DVD format. Reuters reports that Blll Gates said Microsoft (MSFT) will target web search with or without Yahoo! (YHOO) Reuters writes that RIM (RIMM)…