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Friday, 6 June 2014
Tuesday, 28 January 2014
Exxon Mobil – Dividends, Anyone?
Exxon Mobil Corporation (XOM) is one of the 51 companies ranked as S&P 500 Dividend Aristocrats. And for good reason*: it has increased annual dividends by an average 6% each year for the last 31 years, and paid dividends for the past 100.
*For a company to make it to this list, it should have consistently increased annual dividends for at least 25 consecutive years.
More recently, its dividend payouts have been increased at an average rate of 12.2% each year in the last three years, and its stock’s dividend yield over fiscal 2013 (FY13; ended December 31, 2013) is a respectable 2.46%.
Tuesday, 21 January 2014
Exxon Earnings Beat Street Estimates
Exxon Mobil Corporation (XOM) more than made up for the disappointing results in the previous quarter when it beat estimates and announced $112.4 billion in revenues for 3QFY13. This was a significant turnaround for the company which had recently announced its worst ever results since 2010.
Earnings from its Upstream segment noticeably improved on both a year-over-year (YoY) and quarter-over-quarter (QoQ) basis. The segment performed better because global oil pricing benchmarks like the price of Brent crude oil increased during 3QFY12. Exxon is also increasing its exposure in liquid production to capitalize on high crude oil prices and upstream volumes also increased 1.5% YoY.
The decline in refining and marketing margins is a cause for concern and hit earnings but the possible impact was partially offset by an increase in volumes in 3QFY13. The Dartmouth refinery, which is being converted into a marine terminal, remained functional over the quarter, which also contributed to the higher refining volumes.
Exxon And Chevron, Top Two Supermajors To Buy
With the increased focus on shale reserves along with a stricter environmental regulatory regime, we foresee significant changes in the energy mix as well as the cost of reserve exploitation. Bidness Etc takes a look at investment opportunities in the ‘Big Four’ oil companies – ExxonMobil Corp (XOM), Chevron Corporation (CVX), Royal Dutch Shell plc (RDS.A) and BP plc (BP) – or the supermajors as they are also known. The US oil majors have fared better against European oil majors, as shown by their better three-year stock performance in our article “Integrated Oil and Gas – How the Oil Flows”. The energy landscape is expected to change after 2020 due to the expected rise in environmental regulation. However, both Chevron and ExxonMobil have operations, proven oil reserves, revenue growth potential and other financial metrics that are strong enough to withstand the impact of stricter environmental regulations.
Read More : XOM - BP - CVX
Exxon Mobil And BP: An Unlikely Acquisition
Rumors have been circulating in financial circles that BP plc. (BP) might be acquired by Exxon Mobil (XOM). Here we look at the possibility of such an acquisition and reasons why Exxon would make a move for the British oil giant.
It goes without saying that BP is past its glory days. The Macondo incident in April 2010, also known as the Gulf of Mexico oil spill, has left BP in a crippling situation. The company has already spent around $50 billion since 2010 on fines, new regulatory requirements and cleaning costs. Its market capitalization has fallen around 30% since the incident, making it the least valuable of the world’s five biggest non-state oil companies. Meanwhile, the market capitalization of Exxon, Chevron (CVX) and Royal Dutch Shell (RDS) has risen by 18%, 38% and 11% respectively since 2010. The rumors are not unwarranted; it might be the perfect time to buy BP, now that its down and out.
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