Shell Least Among Super-Majors - Analyst Blog
Zacks Market Commentaries (December 17th, 2008) Writes:
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Zacks Market Commentaries (December 17th, 2008) Writes:
CEO Blogger (October 31st, 2008) Writes:
Exxon Mobil Corp. (XOM) set a U.S. profit record today (Thursday) when it announced its third quarter profit topped $14.8 billion on record-high oil prices.
Exxon Mobil, the largest U.S. oil company, earned $14.8 billion, or $2.86 per share, a 58% increase from the $9.41 billion, or $1.70 per share it earned in the third quarter of 2007. Exxon Mobil’s record-setting profit was enough to beat analyst expectations of $2.38 a share, according FactSet Research data.
Exxon Mobil beat its own record for the largest quarterly profit for a U.S. company, which it had previously set in the second quarter of 2008 with a gain of $11.68 billion.
Royal Dutch Shell PLC (ADR: RDS.A, RDS.B) also announced third quarter earnings today, beating Bloomberg’s average analyst estimates. Europe’s largest oil company saw a 22% increase in profit to $8.45 billion from $6.9 billion in the same period the
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Contrarian Profits (October 16th, 2008) Writes:
The rules of the global oil games are changing, says Keith Fitz-Gerald. And China — not the US — is leading the way. China doesn’t worry about the political leanings or dubious human rights of its energy suppliers. It needs a steady supply of oil to fuel its economic boom…and it will do what it takes to get it.
This from Money Morning:
Iraq recently signed its first oil deal in 35 years with a foreign company.
And –- quite surprisingly to many observers -– the company wasn’t one of ours.
Not surprisingly, the US news media barely acknowledged the deal –- even though the agreement was major news throughout the rest of the world.
According to reports from Baghdad, the 22-year deal between the Iraqi government and the China National Petroleum Co. involves $55 billion, or 87% of Iraq’s current total revenue at a conservative long-term estimate
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Money Morning (September 17th, 2008) Writes:
Money Morning (September 17th, 2008) Writes:
William Patalon (September 14th, 2008) Writes:
Fred Fuld (September 10th, 2008) Writes:
Zacks Market Commentaries (September 2nd, 2008) Writes:
We are maintaining our Buy recommendation on the worlds largest offshore drilling contractor Transocean Inc. (RIG) shares following the companys solid operational results in the recent quarter. The company reported strong revenue and earnings growth, driven by the acquisition of GlobalSantaFe and higher average dayrates. Revenue more than doubled, soaring to $3.1 billion, while net income topped $1 billion.
With a backlog of nearly $41 billion, the new Transocean offers an unparalleled level of earnings and cash-flow visibility. We expect the positive momentum to continue due to the favorable deepwater drilling outlook that should support demand for the companys products. Our unchanged price target stands at $165.
The ultra-deepwater drillship, Discover Spirit, was awarded a three-year drilling operations contract worth up to $569.4 million with Anadarko Petroleum Corp. (APC), commencing December 2010. In March, the ultra-deepwater drillship, Nautilus, received a three-year contract extension with a subsidiary of Royal Dutch
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Sean Brodrick (August 28th, 2008) Writes:
Pakistan Sets Floor on Stock Prices to Stop Plunge
Pakistan set a floor for stock prices on the benchmark exchange, moving to halt a plunge that has wiped out $36.9 billion of market value since April.Securities can trade within their daily limit of 5 percent ``but not below the floor-price level'' of yesterday's close.
Yes! That’s what I’ve always wanted – a stock market that can only go up. Don’t tell Bush
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Alex Kolb (August 25th, 2008) Writes:
Trading continued to be on the thin side today as usually is the case during this (unofficial) last week of the summer.
Tuesdays Dow Jones industrials advanced 26.62 points, or 0.23%, to 11,412.87. The Standard & Poor's 500 index moved up 4.66 points, or 0.37%, to 1,271.97. The tech-laden Nasdaq composite slipped by 3.62 points, or 0.15%, to 2,361.97.
Upbeat news came in at the beginning of the day as the Conference Board announced that the consumer confidence index increased to 56.9 from Julys revised reading of 51.9. Analysts were expecting a lower 53. This data translates into two straight months of improved sentiment, which
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