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Zacks News
ExxonMobil Gets Regulatory Nod for Double E Gas Pipeline
by Zacks Equity Research
ExxonMobil's (XOM) Double E Pipeline is set to transport natural gas from the northern Delaware Basin in Eddy County to Waha, TX.
Oil & Gas Stock Roundup: Exxon's Spending Cut, Equinor's GoM Find & More
by Nilanjan Choudhury
ExxonMobil (XOM) pares 2020 capital spending budget by 30%, while Equinor (EQNR) announced an oil discovery in the U.S. Gulf of Mexico.
The Zacks Analyst Blog Highlights: ExxonMobil, Diamondback Energy, Concho Resources, Occidental and Whiting Petroleum
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Diamondback Energy, Concho Resources, Occidental and Whiting Petroleum
Baker Hughes to Cut Net Capex by 20%, Book $15B Writedown
by Zacks Equity Research
Baker Hughes (BKR) expects to book a $15-billion non-cash goodwill impairment charge in first-quarter 2020.
The Zacks Analyst Blog Highlights: ExxonMobil, Royal Dutch Shell, Chevron, Concho Resources and Occidental
by Zacks Equity Research
The Zacks Analyst Blog Highlights: ExxonMobil, Royal Dutch Shell, Chevron, Concho Resources and Occidental
OPEC+ Agrees to Oil Output Cut, Puts an End to Price War
by Kaibalya Pravo Dey
President Trump agrees to help Mexico with production cuts, which favored the OPEC+ pact.
Is the Biggest Production Cut Deal Big Enough to Save Oil?
by Nilanjan Choudhury
Member countries of the OPEC+ group, looking to shore up prices, agreed to slash output by 10 million barrels per day, equal to roughly 10% of current worldwide production.
Coronavirus Effect: Oil Inventory Surges, Gasoline Demand Tanks
by Nilanjan Choudhury
Disruptions by the pandemic's effects depressed gasoline consumption by 1.6 million barrels last week to 5.1 million barrels per day - a record low.
Zacks Earnings Trends Highlights: Adobe, FedEx, Nike, ExxonMobil and Boeing
by Zacks Equity Research
Zacks Earnings Trends Highlights: Adobe, FedEx, Nike, ExxonMobil and Boeing
TOTAL Advances Divestment Goal, Plans to Sell $400M Assets
by Zacks Equity Research
TOTAL (TOT) moves ahead with the non-core assets divestment plan to maintain its high-quality asset portfolio.
ExxonMobil 2020 Capex to be Cut by 30%, Q1 Profits to Fall
by Zacks Equity Research
ExxonMobil (XOM) intends to curb cash operating expenses by 15% to boost profit levels amid a low oil and gas pricing environment.
Company News for Apr 8, 2020
by Zacks Equity Research
Companies In The News Are: DRI, MMM, T, XOM.
Taking Stock of the Earnings Picture Amid the Coronavirus Pandemic
by Sheraz Mian
Estimates have been coming down sharply as a result of the pandemic's earnings impact. While the bulk of the estimate cuts are concentrated in Q2 and Q3, all four quarters of 2020 are now expected to suffer earnings declines...
Taking Stock of the Earnings Picture Amid the Coronavirus Pandemic
by Sheraz Mian
Estimates have been coming down sharply as a result of the pandemic's earnings impact. While the bulk of the estimate cuts are concentrated in Q2 and Q3, all four quarters of 2020 are now expected to suffer earnings declines...
Exxon Mobil (XOM) Gains As Market Dips: What You Should Know
by Zacks Equity Research
Exxon Mobil (XOM) closed the most recent trading day at $41.23, moving +1.88% from the previous trading session.
Petrobras Discovers Oil, Raises Output Cut, Delays Dividend
by Zacks Equity Research
Management at Petrobras (PBR) projects 2020 production to be 200,000 barrels lower per day.
Stock Market News for Apr 3, 2020
by Zacks Equity Research
Stocks closed higher on Thursday, largely driven by President Donald Trump's tweet about the possibility of a massive reduction in oil production ahead.
Zacks Earnings Trends Highlights: Adobe, FedEx, Nike, ExxonMobil and Boeing
by Zacks Equity Research
Zacks Earnings Trends Highlights: Adobe, FedEx, Nike, ExxonMobil and Boeing
What's The Deal With Oil?
by Daniel Laboe
The pandemic has created a supply glut, with demand vanishing almost overnight
Shell (RDS.A) Up on Coronavirus Resilience, New Financing
by Zacks Equity Research
Shell (RDS.A) expects its post-tax impairment charges between $400 million and $800 million for the first quarter of 2020.
How Low Will Earnings Estimates Go?
by Sheraz Mian
Earnings estimates have been coming down sharply as analysts start coming to terms with the pandemic's impact...
How Low Will Earnings Estimates Go?
by Sheraz Mian
Earnings estimates have been coming down sharply as analysts start coming to terms with the pandemic's impact...
Is Change in Payout Strategy Need Of the Hour for Big Oil?
by Zacks Equity Research
As the world fights a pandemic, top energy companies will have to reassess their payout strategies, either by slowing down share buybacks or reintroducing non-cash dividends.
Exxon Mobil (XOM) Gains But Lags Market: What You Should Know
by Zacks Equity Research
In the latest trading session, Exxon Mobil (XOM) closed at $37.50, marking a +1.49% move from the previous day.
Is a Beat in the Cards for ProPetro (PUMP) in Q4 Earnings?
by Zacks Equity Research
ProPetro's (PUMP) solid liaison with high-quality customers adds revenue visibility and strengthens its business base.