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Stocks Exxon Mobil Corp


  • With the energy sector's second-quarter earnings seen doing better than the prevailing consensus forecast for a decline of almost 59 percent from the year-ago quarter, according to a Thomson Reuters analysis, shares could get a benefit. But the S&P energy subsector of exploration and production companies is at its most expensive on a price-earnings basis...

  • *BP, Statoil kick off results on July 28. LONDON, July 23- The world's top oil companies are set to report yet another sharp drop in quarterly profits that could force more spending cuts due to a dim outlook for oil prices. International oil companies including Exxon Mobil, Chevron, Royal Dutch Shell, BP and Total all reduced 2015 spending by 10 to 15 percent from last...

  • NEW YORK, July 23- U.S. motorists' habit of filling up with costlier "premium" gasoline when pump prices drop is delivering extra profits to refiners, such as Royal Dutch Shell and traders like Noble Group. In the first four months of the year, sales of premium grade gasoline- which makes up around a tenth of the market- surged by 12.6 percent, according to the latest data...

  • Goldman: Buy this stock despite drop in oil prices Wednesday, 22 Jul 2015 | 12:09 PM ET
    An oil pump jack in the oil town of Gonzales, Texas.

    Although oil prices will remain low, Goldman singles out one big energy company as good play.

  • Why Apple is one of many buyback monsters Wednesday, 22 Jul 2015 | 10:18 AM ET
    Apple Store employees fill orders of the new iPhone 6 in Palo Alto, California.

    The stock buyback craze has continued into the second quarter, and the cumulative effect of that craze is really mounting.

  • Early movers: BA, KO, XOM, CPB, WHR, Z & more Wednesday, 22 Jul 2015 | 8:00 AM ET
    Traders work on the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • NY City Hall casts Uber as corporate behemoth Tuesday, 21 Jul 2015 | 12:41 PM ET
    Taxi drivers, union members and civic groups rally on the steps of City Hall to support a City Council move to limit the number of Uber drivers and other for-hire car companies, July 20, 2015 in New York City.

    In an intensifying fight over capping cars in NYC, City Hall and Mayor de Blasio try a new strategy in fighting Uber, NYT reports.

  • Nasdaq ekes out another record amid earnings Monday, 20 Jul 2015 | 4:00 PM ET
    Traders work on the floor of the New York Stock Exchange.

    U.S. stocks closed mildly higher, with the Nasdaq at another record, as investors digested earnings reports.

  • Four ways to invest in Cuba now Monday, 20 Jul 2015 | 2:25 PM ET
    A man holds a Cuban and an American flag outside the Cuban embassy in Washington, D.C. as the two countries restore diplomatic relations after five decades.

    As Cuba opens its embassy in Washington DC, it’s also putting out the welcome mat to American businesses, like it or not, says author Kabir Sehgal.

  • The Coast Guard said it took over four hours to extinguish the blaze on one of the barges, which was carrying 1 million gallons of the highly volatile gasoline additive naphtha. The Coast Guard and the Texas General Land Office said it was unclear if any of the naphtha spilled into the waterway. A Coast Guard spokesman said naphtha evaporates quickly and that...

  • While it will likely be months before sanctions on Iran ease, business and political leaders are wasting no time in trying to tap into a large and what they hope will be a lucrative Iranian market. Airlines in Dubai are fast adding new Iran routes to meet growing demand. Deal or no deal, U.S. sanctions not related to the nuclear program will still be in place and bar...

  • Nasdaq jumps to another record as Google surges Friday, 17 Jul 2015 | 4:00 PM ET
    A man works at the NASDAQ exchange in New York City June 18, 2015.

    U.S. stocks closed mixed, but posted solid gains for the week, as strong earnings boosted the Nasdaq to another record high.

  • Stronger quarterly earnings reports from a range of big U.S. companies, including Citigroup and JPMorgan Chase, added more encouragement. "It appears the sky is clearing," said Linda Duessel, senior equity strategist at Federated Investors. Before this week, concerns about China's plunging stock market and the prospect of Greece leaving the euro "had been...

  • Power Play: Making money in energy Thursday, 16 Jul 2015 | 1:46 PM ET
    A tanker truck passes the Valero Energy Bill Greehey refinery in Corpus Christi, Texas, Oct. 4, 2012.

    Making money in energy as oil prices fall.

  • MEXICO CITY, July 15- Mexico auctioned only two of 14 blocks in a pivotal oil and gas tender on Wednesday, falling far short of the government's modest expectations as it begins to open up the long-nationalized industry to private investment. Both the shallow water exploration and production contracts were awarded to the same consortium made up of Mexico's...

  • WASHINGTON, July 14- Within hours of the announcement of an Iran nuclear deal early on Tuesday, lawyers around Washington were fielding calls from U.S. corporate clients eager to know what the 159- page deal would mean for their business prospects. U.S. companies face losing out to foreign competitors in Iran as they wait for signs that Tuesday's historic...

  • *JPMorgan profit beats estimates; Wells Fargo revenue misses. Oil prices were initially lower on concerns a deal between Iran and six global powers would result in more supply, but turned higher after it became apparent sanctions on Tehran's crude exports would not be removed immediately. The S&P energy sector advanced 0.8 percent, led by a 0.8 percent gain in...

  • Oil refiners' "mini golden era" will end soon - IEA Friday, 10 Jul 2015 | 8:47 AM ET

    LONDON, July 10- A brief period of high profitability for the world's oil refineries is likely to come to an end as quickly as it began, the International Energy Agency said on Friday. In the first quarter of this year, combined profits for the likes of BP, Royal Dutch Shell, Exxon Mobil, Total and Eni from refining and trading represented 60 percent of total earnings,...

  • JOHANNESBURG, July 10- The Nigerian government's ambitions for improving electricity supplies are "not remotely realistic", a report by experts advising the presidency says, an early blow to one of President Muhammadu Buhari's most important reform promises. Chronic power shortages are one of the biggest constraints on investment and growth in Africa's...

  • Earnings surprises may spark market rebound Thursday, 9 Jul 2015 | 6:00 AM ET
    Wall Street New York Stock Exchange NYSE

    The unofficial start of the earnings season kicked off Wednesday, as Alcoa reported second-quarter results after the market close.