|Bid||73.79 x 900|
|Ask||73.79 x 2200|
|Day's range||73.04 - 74.80|
|52-week range||64.65 - 87.36|
|Beta (3Y monthly)||1.05|
|PE ratio (TTM)||17.00|
|Earnings date||25 Jul 2019 - 29 Jul 2019|
|Forward dividend & yield||3.48 (4.33%)|
|1y target est||85.03|
President Donald Trump on Thursday tore into House Speaker Nancy Pelosi, saying the California Democrat had “lost it” after she suggested his family hold an intervention for the good of the country.
Russia is using rail, storage tanks and ships to remove contaminated oil from an export pipeline, and has so far extracted around 2 million tonnes of the tainted oil - or over a third of volumes hit, industry sources and data showed. A month ago, Russia had to stop exports via the Druzhba pipeline to Poland and Germany at the northern branch of the line and to Ukraine, Hungary, Slovakia and the Czech Republic in the south.
Energy stocks were leading the broader stock market's declines Thursday, as crude oil prices suffered a second-straight sharp selloff amid concerns over both weaker demand and increased supply. The SPDR Energy Select Sector ETF droppped 3.3% toward a 4 1/2-month low, and was by far the biggest decliners of the SPDR ETFs tracking the S&P 500's 11 sectors, while the S&P 500 shed 1.3%. All 29 of the ETF's (XLE) equity components were losing ground, led by shares of Hess Corp. , down 6.8% and Diamondback Energy Inc. , down 6.1%. Among other more active XLE components, shares of Occidental Petroleum Corp. gave up 2.5%, Halliburton Co. shed 5.2%, Exxon Mobil Corp. lost 2.4%, Chevron Corp. shed 2.6% and Kinder Morgan Inc. declined 1.9%. Crude oil futures dropped 4.2%, after falling 2.7% on Wednesday.
The fact that the electric effect is in full force with EVs on track to dominate the market in the future has sent a clarion call to the energy industry as well.
The federal government's EIA report revealed that crude inventories rose by 4.7 million barrels for the week ending May 17 to a 22-month high.
The probe is broad in scope and is at an early “investigatory stage,” Clive Thomas, director of the the State Assets Recovery Agency, said in an interview in the seaside capital of Georgetown last week. The Stabroek, Kaieteur and Canje blocks, all operated by Exxon, will be part of the inquiry, as well as Orinduik operated by Tullow, he said. The investigation pits the administration of President David Granger against the previous government headed by Donald Ramotar, who left office in 2015.
Futures in New York slipped 2.7% Wednesday, the biggest drop since May 2, after the U.S. Energy Department said weekly crude inventories had swelled to the highest level since July 2017. Gasoline stockpiles also grew faster than expected, domestic oil production ticked up and refinery utilization fell to the lowest seasonally adjusted level in five years. Prices had already been falling along with equity markets Wednesday as trade tensions between the world’s top two economies showed no signs of abating.
The Zacks Analyst Blog Highlights: Equinor, Schlumberger, Royal Dutch Shell, Cheniere Energy and Exxon Mobil
Gas production at the Groningen field must be cut more quickly than planned after a relatively large earthquake struck in the far North of the Netherlands, the country's economic affairs minister Eric ...
A 3.4 magnitude earthquake that hit the northern Dutch region of Groningen on Wednesday will not immediately alter current plans for gas production there, a government spokesman said. "We will await ...
Norway's Equinor (EQNR) acquired an additional 22.45% stake in GoM's Caesar Tonga oilfield, while energy services behemoth Schlumberger (SLB) sold several drilling assets for $400 million.
As Iraq has been drawn in to the escalating tensions between Iran and the U.S., U.S. citizens have been evacuated from the country and some oil workers have now left as well
Here Are Wall Street Analysts' Top Integrated Energy Picks(Continued from Prior Part)Analyst ratings for ShellRoyal Dutch Shell (RDS.A) has the third-highest percentage of “buy” ratings among the six integrated energy stocks (ExxonMobil,
Hopes for a speedy resumption of oil exports from Russia to Poland and Germany along the Druzhba pipeline route are fading after plans to remove dirty oil from the pipeline had a major setback last week, three trading sources said. Russia halted oil flows along the pipeline to Eastern Europe and Germany in April because of contaminated crude, leaving refiners in Europe scrambling to find supplies. Under the restart plan, Total was due to take the lion's share of the dirty oil into its Leuna refinery in Germany to dilute and process it there, sources said.
Here Are Wall Street Analysts' Top Integrated Energy Picks(Continued from Prior Part)ExxonMobil ranks lastIn this part, we’ll examine analyst ratings for ExxonMobil (XOM), which occupies the last slot among the integrated energy companies we’re
Here Are Wall Street Analysts' Top Integrated Energy Picks(Continued from Prior Part)BP stands in bottom twoBP (BP) is one of the two integrated energy stocks that has less than 60% “buy” ratings. ExxonMobil (XOM) is in the same boat with 23% of
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Total and Eni have stopped payments for the contaminated oil sold to them by Russian firms and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what the sources say is Russia's worst oil supply disruption. The French and Italian oil majors told their suppliers, including Russia's Rosneft and Surgut, that they would be ready to make payments when the extent of damages is clear and would pay for clean oil when supplies resume, the sources said. Total and Eni are big buyers of Russian oil and are still purchasing it via multiple routes besides Druzhba, which is a major pipeline from Russia to Central Europe and Germany.
ExxonMobil is holding its annual meeting of shareholders on Wednesday, May 29, 2019. Media access will only be provided to authorized representatives of commercial news organizations who register by Friday, May 24, 2019.
SINGAPORE/MOSCOW, May 20 (Reuters) - Trading companies Vitol and Unipec are sending around 700,000 tonnes of contaminated Russian oil to Asia in an attempt to place the barrels rejected by buyers in Europe, according to trading sources and ship tracking data. Vitol and Unipec are mainly targeting Chinese independent refiners, or teapots, which have shown interest in taking the oil, traders said. According to Reuters sources with Chinese refiners, they have been recently shown cargoes of Urals crude that contain organic chloride ranging from 30-50 parts per million (ppm) to 200 ppm without mentioning prices.
Equinor has resumed crude oil loadings from its Statfjord field in the North Sea following a spill last week, the Norwegian oil and gas company said on Monday. Production from Statfjord remains unaffected, and the offloading of crude is now taking place from an alternative buoy on the field, it added. The company was still investigating the source of the oil spill that was detected on the sea surface on May 15, prompting shutdown of loadings to a shuttle tanker, a spokesman said.