Exxon Mobil: New Highs On Utica Shale, Rosneft In 2013

Sun, 04/29/2012 - 10:00 EDT - Seeking Alpha

By Dividend Kings:Exxon Mobil (XOM) released its first quarter 2012 earnings on April 26, and though its earnings missed analyst expectations, the stock still closed the day around $86, 1% higher than its intraday low. An analyst poll shortly before the earnings release predicted earnings per share of $2.10. Exxon Mobil's reported earnings per share came in at $2. Overall, Exxon Mobil reported a fall in profits of 11%. Comparatively, competitor Royal Dutch Shell (RDS.A) also released earnings on April 26. In contrast to Exxon Mobil, Shell reported a profit increase of 11% compared to the same quarter last year.Exxon Mobil indicated that lower US natural gas prices were responsible for $300 million of its decline in earnings. In response to low dry gas prices, Exxon Mobil is deploying a similar strategy to competitor BP (BP), increasing its focus on liquids while downplaying its dry gas drilling. Exxon Mobil's strategy willComplete Story »

Original article
Login or register to post comments

Mixed earnings reports suggest Big Oil may have peaked
First-quarter earnings reports are in and the world’s biggest oil companies are reporting mixed results. ExxonMobil, the largest producer of natural gas in the U.S., reported quarterly earnings of $9.10 billion, down 4.2 percent from $9.50 billion in the same quarter a year ago. Yet it beat Wall Street expectations, owing to a spike in natural gas prices during the winter and a boost in its quarterly dividend. The brutal winter in the eastern U.S. drove natural gas prices up, giving the company more revenue than expected.
Royal Dutch Shell: Don't Sell... Buy
By Jeff Williams:As costs have increased and margins are expecting to decrease, oil and gas majors including Royal Dutch Shell (RDS.A) (RDS.B) have released their first profit warn
Exxon Mobil: Too Much Weight In Natural Gas?
By Dividend Kings:Falling, or rather plunging, natural gas prices have been hard on natural gas stocks and even big diversified energy stocks like Exxon Mobil Corporation (XOM) are feeling some of the pain, thanks to having exposure to natural gas. However, Exxon Mobil has remained resolute in its focus on natural gas for the long term, which begs the question: should investors be concerned about that?
BP profits fall on weakness in refining business
BP reported a sharp drop in fourth-quarter profits on Tuesday partly due to weakness in its refining business, providing more evidence of difficult times across the “big oil” sector. BP’s results, hit by tough conditions in U.S. refining and partly offset by strong contributions from its stake in Russia’s Rosneft, highlighted the industry’s struggle to increase profits in the face of rising costs.
Royal Dutch Shell Q3 Profits Fall 15%, With Dividends Up $0.01 To $0.43
By Steven Dotsch:Royal Dutch Shell (RDS.A), the largest company in the FTSE 100 and one of the world's "supermajor" oil companies, reported its third-quarter results earlier this week.
Chevron: Ready To Skyrocket On Natural Gas Rebound
By Income Hunter:Chevron (CVX) shareholders are growing nervous as oil prices fell throughout the month of May. The Brent crude oil spot price started the month at $119.57 per barrel on May 1, falling to $111.40 on May 15, a 7% decline. Most of Chevron's production is oil as Chevron largely ignored the natural gas rush.
Royal Dutch Shell An Interesting Buying Opportunity
By Dutch Trader: In my article "Royal Dutch Shell Is Still A Buy," I already mentioned that companies such as Royal Dutch Shell (RDS.A) still provide a downside hedge against future oil price weakness. In this context, the company provides an interesting combination of low valuation and high dividend yield.
What Does Shell's Giant Louisiana GTL Project Say About U.S. Natural Gas Prices?
ByRichard Zeits:The gas-to-liquids ("GTL") concept for U.S. natural gas from shales just received a fresh boost. Last week, Louisiana Governor Bobby Jindal and the oil major Royal Dutch Shell (RDS.A, RDS.B) announced the selection of a potential site for Shell's Gulf Coast GTL complex.
Why Royal Dutch Shell Belongs In Your Portfolio
By Old Trader:When Exxon Mobil (XOM)) acquired XTO Energy, it spoke volumes about the future of natural gas, both domestically, as well as globally. After all, the fact that XOM, the world's largest oil company, as measured by market cap, would make such a large bet on natural gas led to much wagging of tongues among energy investors.

Main menu

Secondary menu

Exxon Mobil: New Highs On Utica Shale, Rosneft In 2013

Related

Latest

Markets Map

Follow Us

Secondary menu