IBTimes.com : Exxon Mobil Topic

Iraq Warns Turkey To Halt Kurdistan Pipeline Deal

Tue, 22 May 2012 14:26:18 EDT

Turkey signed the pipeline deal with the Kurdistan Regional Government (KRG) on Sunday, bypassing the central government in Baghdad.

Exxon, Santos Foresee Australia Becoming Top Global Exporter of LNG

Fri, 18 May 2012 02:14:41 EDT

Two major players in the oil and gas exploration industry agree that Australia would be the largest exporter of liquefied natural gas (LNG) by the end of the decade.

Chesapeake hikes loan as credit rating fades

Tue, 15 May 2012 17:00:04 EDT

Chesapeake Energy Corp increased a planned loan even as its credit rating deteriorated on Tuesday, adding pressure on the natural gas producer to deliver crucial asset sales.

S&P 500 down for 4th day of five, Groupon up late

Mon, 14 May 2012 17:35:03 EDT

Stocks fell on Monday as investors dealt with the one-two punch of worsening political upheaval in the euro zone and the possibility that China's economy may be softening more than previously thought.

Wall Street down for 4th day of five, breaks support

Mon, 14 May 2012 16:42:02 EDT

Wall Street falls on Europe, but S&P off lows

Mon, 14 May 2012 13:35:03 EDT

Stocks fell on Monday but the S&P 500 came off lows after slipping below a key support level on fears of worsening political turmoil in the euro zone and signs of weakening Chinese growth.

The Energy Report - $90 or go Bust!!!

Fri, 11 May 2012 13:20:10 EDT

Ok, I know it was just last Friday when I wrote "$100 or Go Bust" but because so many oil bulls expressed disbelief that oil could actually stay below $100 a barrel, I should now warn those people that they should stop worrying about the break below $100 a barrel and start worrying about whether $90 a barrel can hold.

Casey Research Summit Special Report Part II: Drilling Down into Oil & Gas Prices

Thu, 10 May 2012 18:35:04 EDT

The private panel that began with three key speakers at the April 27-29 Casey Research Recovery Reality Check Summit continues with a second installment in today's Energy Report. This exclusive features Casey Energy Opportunities Senior Editor Marin Katusa, Global Resource Investments Founder a...

Apple’s ‘Correction’: 5 Reasons Why The Shares Have Declined

Wed, 09 May 2012 15:59:29 EDT

A month ago, shares of Apple (Nasdaq: AAPL), the world's most valuable technology company, closed at their record high of $628.64. On April 10, they hit their all-time high of $644. Now they are at $570.

Chesapeake should consider sale-top investor

Mon, 07 May 2012 17:42:02 EDT

Chesapeake Energy Corp's largest shareholder urged the natural gas company to remain open to acquisition, despite the weakness of its share price

Wall Street posts worst week of 2012 as job growth slows

Fri, 04 May 2012 16:56:03 EDT

Wall Street ended its worst week this year with a sharp selloff on Friday after a slowdown in job creation in the world's top economy raised the biggest question mark yet about the prospects for U.S. growth.

Wall Street faces worst week this year

Fri, 04 May 2012 14:49:02 EDT

Wall Street was set for its worst week this year on Friday after a disappointing jobs report heightened concerns that the economic recovery is heading for a slowdown.

Obama Administration To Restrict Fracking: Report

Fri, 04 May 2012 12:58:35 EDT

The Obama administration will reportedly restrict hydraulic fracturing, or fracking, by promulgating a set of rules governing such practices on federal land.

Wall Street slides one percent after jobs report

Fri, 04 May 2012 12:42:03 EDT

Stocks fell more than 1 percent on Friday after a disappointing jobs report underlined concerns the economic recovery may be slowing.

BP Earnings Fall As Gulf Spill Costs Continue To Weigh

Tue, 01 May 2012 09:41:11 EDT

BP Plc (BP.L) reported a bigger-than-expected profit drop on the back of a fall in production prompted by the need to sell oil fields to pay for the Gulf of Mexico disaster, raising concerns about the oil group's turnaround plan.

Exxon Mobil Shuts Louisiana Oil Pipeline After Leak

Mon, 30 Apr 2012 17:59:02 EDT

Exxon Mobil Corp has shut the 160,000 barrel-per-day (bpd) North Line crude oil pipeline in Louisiana after a leak spilled 1,900 barrels of crude oil in a rural area over the weekend, affecting a conduit that supplies the nation's third-largest refinery.

Housing, profits lift Wall Street, Amazon up late

Thu, 26 Apr 2012 17:28:01 EDT

U.S. stocks rose for a third day on Thursday after upbeat housing data and stronger-than-expected results from companies, including Citrix Systems Inc , overshadowed some high-profile earnings misses.

Earnings, housing lift Wall Street for third day

Thu, 26 Apr 2012 16:49:03 EDT

Wall Street Gains But Exxon And Aetna Drop

Thu, 26 Apr 2012 14:14:02 EDT

Stocks advanced in choppy trade on Thursday as another batch of positive earnings and a strong housing report put equities on track for a third straight day of gains.

SEC begins probe of Chesapeake CEO's well stakes

Thu, 26 Apr 2012 14:00:04 EDT

The Securities and Exchange Commission has opened an informal inquiry into Chesapeake Energy Corp's controversial program that granted Chief Executive Aubrey McClendon a share in each of the natural gas producer's wells, a source familiar with the matter said on Thursday.

S&P steady after data; Exxon, Aetna drop

Thu, 26 Apr 2012 12:42:02 EDT

Stocks edged higher in choppy trade on Thursday as another batch of positive earnings and a strong housing report put equities on track for a third straight day of gains.

Chesapeake Energy Terminates CEO's Well Ownership Program

Thu, 26 Apr 2012 11:17:39 EDT

Chesapeake Energy (NYSE: CHK), the second-largest producer of natural gas in the United States, announced on Thursday that it was stopping a controversial program that gave its chief executive officer a stake in the company's wells.

SEC starts probe of Chesapeake CEO's well stakes

Thu, 26 Apr 2012 11:14:02 EDT

Exxon Mobil 1Q Earnings Fall As Output Slips

Thu, 26 Apr 2012 10:23:48 EDT

Exxon Mobil Corp, the world's largest publicly traded oil company, posted a lower first-quarter profit on Thursday as its oil and natural gas production slumped more than 5 percent, pushing its shares down 1.1 percent premarket.

Wall Street stalls after weaker jobs data

Thu, 26 Apr 2012 10:14:05 EDT

Wall Street stalled on Thursday following the Nasdaq's biggest gains this year as new jobless claims missed forecasts in another sign that recent improvement in the labor market may be easing.

Fundamental Oil Report (2012-04-26)

Thu, 26 Apr 2012 10:07:02 EDT

Although the latest upbeat earnings and the Feds comments eclipsed the fears over Europe’s debt crisis and improved optimism over recovery, boosting sentiment, yet markets were disappointed by today’s data.

Chesapeake Energy To Halt CEO's Well Ownership Plan

Thu, 26 Apr 2012 09:08:59 EDT

Natural gas producer Chesapeake Energy Corp said on Thursday it would halt a controversial program that gave company founder and chief executive Aubrey McClendon an ownership stake in its wells.

Investors laud saved April as earnings unfold

Thu, 26 Apr 2012 08:14:03 EDT

Futures edged lower on Thursday a day after investors lauded the biggest gains this year for the Nasdaq and the S&P 500's move back above its 50-day moving average in a rally that has largely reversed a recent pullback in U.S. equities.

Stocks futures dip after Nasdaq run-up; jobless data eyed

Thu, 26 Apr 2012 07:42:02 EDT

Stock index futures edged lower on Thursday a day after the Nasdaq posted its biggest gain of the year and ahead of jobless claims data, a barometer of labor market health.

Australian Stock Market Report – Afternoon 4/26/2012

Thu, 26 Apr 2012 05:21:26 EDT

The Australian sharemarket edged higher for the second time this week, with the All Ordinaries Index (XAO) ending 0.3 pct or 11.1 pts stronger to 4445.0. In the first 15 minutes of trade this morning, the market hit a high of 4466.2 (0.75 pct rise) only to gradually give back most of those gains thr...

Stock futures signal higher Wall Street open

Thu, 26 Apr 2012 04:49:02 EDT

U.S. stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 rising 0.2 to 0.3 percent.

Exxon Mobil Raises Dividend 21%, Becomes World's Highest Payer

Wed, 25 Apr 2012 18:18:31 EDT

Exxon Mobil Corporation (NYSE: XOM) will increase its quarterly dividend 21 percent to become the largest corporate dividend payer, according to Standard & Poor's on Wednesday.

Natural Gas Prices Unsustainable For Future Growth, Says Poll

Wed, 25 Apr 2012 13:54:14 EDT

According to a survey released this week, oil and natural gas executives and investors think the price of natural gas will remain below $2.50 per 1,000 cubic feet for the rest of the year -- a level that is too low for the industry's growth.

Apple Reports Record Sales, Profits As iPad, iPhone Sales Mushroom

Tue, 24 Apr 2012 16:44:49 EDT

Apple Inc. (Nasdaq: AAPL), the world's most valuable technology company, reported second-quarter financial results that blew past analyst expectations.

Repsol Threatens Investors In Argentina With Legal Action

Mon, 23 Apr 2012 12:55:52 EDT

Spanish oil company Repsol threatened on Monday legal action against any investors helping newly nationalized Argentine oil company YPF develop oil resources previously discovered by the Spanish firm.

Earnings Preview: Apple Expected To Sustain Profit Climb

Mon, 23 Apr 2012 12:14:21 EDT

Shares of Apple Inc. (Nasdaq: AAPL), the world's most valuable technology company, fell again Monday, a day before reporting second-quarter financial results that are expected to be sharply higher than a year ago.

Wal-Mart probe could cost some executives their jobs

Sun, 22 Apr 2012 23:49:02 EDT

Allegations that Wal-Mart Stores Inc stymied an internal investigation into extensive bribery at its Mexican subsidiary are likely to lead to years of regulatory scrutiny and could eventually cost some executives their jobs.

How to Speculate Your Way to Success: Doug Casey

Fri, 20 Apr 2012 18:49:02 EDT

So far, 2012 has been a banner year for the stock market, which recently closed the books on its best first quarter in 14 years. But Casey Research Chairman Doug Casey insists that time is running out on the ticking time bombs.

Domestic Oil Production Is Bullish for Americans: Evan Calio

Fri, 20 Apr 2012 14:49:02 EDT

For Morgan Stanley Analyst Evan Calio, a challenge is really an opportunity, at least when it comes to finding discounted equities in the oil and gas space. In this exclusive interview with The Energy Report, he explains why the distribution bottleneck that is causing a historically wide price differential between WTI and Brent is actually an opportunity for refiners and Americans everywhere.

50 Key Earnings Reports To Watch, April 23-27

Fri, 20 Apr 2012 14:42:15 EDT

Earnings season is in full swing, and about 80 percent of the companies that have already reported topped estimates. We ran a screen and produced a list of 50 key companies set to report their earnings between April 23 and 27.

Exxon Mobil Excluded From Iraq Oil Auction

Thu, 19 Apr 2012 11:20:18 EDT

Exxon Mobil (NYSE:XOM), the largest U.S. oil company, and one of the major players in reviving the Iraqi oil industry, has been excluded from that country's next energy auction amid a dispute between Baghdad and the Kurds.

Forbes’ List of Top Ten Biggest Companies in the World [SLIDESHOW]

Thu, 19 Apr 2012 09:48:30 EDT

Exxon Mobil tops the Forbes' list of Global 2000 companies.

Corporate Tax Rates: Lobbying Helps Big Business Pay Less To Federal Government, Says Study

Tue, 17 Apr 2012 12:52:30 EDT

A new study from the Sunlight Foundation shows that big corporations have an outsize effect on taxation policy in the United States.

Exxon, Rosneft To Cement Historic Energy Deal

Mon, 16 Apr 2012 11:44:11 EDT

Exxon Mobil Corporation (NYSE: XOM) and Rosneft (LON: ROSN) are expected to cement a historic deal on Monday that would allow Exxon access to Russia's Arctic reserves and catapult Rosneft on the global energy stage by granting it entry into North America, reported Reuters, citing sources familiar with the matter.

Stock futures gain after drop; retail sales eyed

Mon, 16 Apr 2012 08:00:03 EDT

Stock index futures advanced on Monday ahead of retail sales data, indicating the S&P 500 may climb after suffering its worst weekly decline of the year.

Brazil's Biofuel Boom: Mark McHugh

Thu, 12 Apr 2012 18:07:02 EDT

Believe it or not, industry experts see biofuels accounting for up to 25% of global energy consumption by 2050. With this long-term vision in mind, Mark McHugh, president and CEO of consultancy firm CenAm Energy Partners SA, assesses the current biofuel industry from his base in Brazil, the seat of the growing industry.

Rometty Managed Masters Snub With Class, Unlike Augusta National

Wed, 11 Apr 2012 16:20:42 EDT

Two women college presidents, joined by a former colleague, denounced Augusta National Golf Club for snubbing IBM CEO Virginia Rometty at the Masters Golf Tournament. She handled the whole affair with dignity.

Chesapeake Energy Raises $2.6 Billion In Asset Sale To Fight Low Natural Gas Prices

Tue, 10 Apr 2012 15:39:09 EDT

With the price of natural gas at its lowest point in two years, natural gas-producing companies are trying to raise enough capital to keep afloat, and the second-largest among them is no exception.

Alan Gaines on Oil Prices: Iran, Israel and China, (NYSE:XOM), (NYSE:TOT), (NYSE:CVX)

Tue, 10 Apr 2012 09:16:09 EDT

Exxon Mobil Corporation (NYSE:XOM), TOTAL S.A. (ADR) (NYSE:TOT), Chevron Corporation (NYSE:CVX). Alan Gaines (Twitter @alangaines) speaks with Live Trading News on Oil Prices: Iran, Israel and China. LTN- Can you give us your thoughts on short and longer term oil prices? AG- I continue to believe that the short term price of crude oil is overextended, since touching a high water mark of $110.

Chesapeake Sells Assets To Raise $2.6 Billion

Tue, 10 Apr 2012 01:31:20 EDT

Chesapeake Energy Corp, the second largest natural gas producer in the US, said on Monday that it has finalized three deals to sell its assets, which will raise $2.6 billion, as it faces cash crunch and a rising debt.