11:24am ET
Energy
A Tiny Ray Of Hope In Russia (BP)
In the midst of the military and political fiasco in Georgia, it would be easy to believe that Russia could withdraw from a number of contracts it has with the West. It…
XOM Coverage Page 192
5:45am ET
Energy
Conoco (COP) Exits Gas Station Business: A Lost Opportunity
Conoco (COP) is selling its gas stations, following Exxon (XOM) out the exit door. Perhaps there is a greater fool; a company that thinks it can make money on a business that…
9:05am ET
Energy
Energy Watch Part III: Big Oil Well Off Highs (XOM, COP, RDS.A, CVX, BP, MRO, PCZ, APA)
Even with oil prices well off of recent highs, these are still very much considered as above historical highs. The large integrated oil companies have experienced either declines or very small gains…
8:29am ET
Energy
Energy Watch Part II: Refining Woes Remain (WNR, ALJ, DK, TSO, VLO, XOM, CVX, COP)
It’s no secret the oil refining margins have been dropping like a rock for the past few quarters. When pump prices began to approach a US-wide average of about $4/gallon, US drivers…
5:16am ET
Economy
Drop-Off In Driving To Undercut Economy
Americans drove 12.2 billion miles less in June than they did in the same month a year ago. That is a drop of almost 5%. The fall-off in activity is likely to…
Douglas A. McIntyre 1:37pm ET
Investing
Famous Brands For Sale, Gone But Not Forgotten (GE)(GM)(XOM)(FDX)
Corporations often start a business that becomes a famous brand, or buy companies that already have highly recognized brand names. Over time these brands often lose their earnings power. Corporations who find…
7:08am ET
Investing
What Happened To All Of The Safe Haven Stocks? (AAPL)(WMT)(T)(GOOG)(XOM)(GE)
After Wal-Mart (WMT) announced its outstanding June numbers, Wall St. said the company was actually “recession proof”. Consumers, beat down by high gas and commodities prices, could turn to Wal-Mart to get…
2:50am ET
Media
Media Digest 8/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, GM (GM) is expected to post a huge loss. Reuters reports that oil company profits rose, but Exxon (XOM) missed its numbers. Reuters reported that stressed banks borrowed a…
7:29am ET
Energy
Black Gold Drives Exxon (XOM)
Exxon-Mobil (XOM) has proven once again that while the rest of the economy is in rags, big oil mints money. And, that is the way it should be. No one holding shares…
Douglas A. McIntyre 3:55pm ET
Energy
Standard Oil Earnings On Deck: Exxon vs. Chevron (XOM, CVX)
This week has already been an interesting week in the oil patch, but for big oil stocks the expression "You ain’t seen nothin’ yet" is perhaps more appropriate than ever. On Thursday…
1:52pm ET
Energy
Oil At $140, One Share Of Exxon (XOM) Buys A Tank Of Gas
Every time the market thinks oil won’t go higher, it does. Today it hit $140. To be fair, OPEC president Chakib Khelil said oil could reach $150 to $170 this summer. At…
Douglas A. McIntyre 2:57am ET
Media
Media Digest 6/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Anheuser-Busch (BUD) will reject a $46.3 billion buy-out from InBev. Reuters writes that Oracle (ORCL) posted strong earnings but its outlook was light. Reuters reports that RIM (RIMM) has…
1:49pm ET
Commodities & Metals
TSX Lists New Emerging Potash Player (XOM)
The Toronto Stock Exchange has granted a final approval for an emerging potash player to list its shares on the TSX. Potash One Inc. will trade under the ticker "KCL" on the…
Douglas A. McIntyre 7:16am ET
Energy
Implications of ExxonMobil Dumping Gas Stations (XOM, COP, CVX, VLO)
Reuters is reporting that ExxonMobil Corp. (NYSE:XOM) plans to sell the 1,400 retail outlets it owns and the 820 it operates over the next several years. The company doesn’t want to fool…
4:14am ET
Media
Media Digest 6/13/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Pfizer (PFE) may make a counter-bid for Ranbaxy Laboratories, the generic drug-maker. Reuters reports that deal talks between Yahoo! (YHOO) and Microsoft (MSFT) are dead. Yahoo! will do an…