All Entries Tagged With: "$XOM"
Apple Crushes Earnings
After the close on Tuesday, Apple (NASDAQ: AAPL) reported earnings that were far above expectations. The company reported first quarter earnings of $13.87 per share and revenues of $46.30 billion. Wall Street had been anticipating earnings of only $10.08 per share and revenues of $38.85 billion. The company sold 15.4 million iPads, 15.4 million iPods [...]
British Oil Company Strikes Oil in Greenland
British oil exploration and production company Cairn Energy has reported that it has discovered both natural gas and oil in an exploratory well off the west coast of Greenland. If this leads to an economically recoverable reservoir of oil, it will be the first ever successful well off Greenland’s coast. Seven wells have come up [...]
California, Oil Refiners Slug It Out Over CO2 Emissions
In 2006, the California legislature passed and the governor signed a tough new law, known as AB 32, that called for the reduction of the state’s CO2 emissions to 1990 levels by 2020. The impact of that law is particularly harsh on some industries, and one of those is fighting back with a ballot initiative [...]
Exxon Loses Bid for West African Oil Field (XOM)
A privately held oil company, Kosmos Energy LLC, has cancelled a sale of some of its offshore assets in the west African country of Ghana to Exxon Mobil Corportation (NYSE:XOM). The sale price would have been $4 billion, and would have given Exxon its first significant stake in a major new oil discovery. Kosmos is majority-owned by [...]
Financial Reform Law Requires New Disclosures from Energy, Mineral Companies
The recently passed financial reform legislation, known as the Dodd-Frank bill, includes a requirement that oil, gas, and mineral extraction companies disclose any payment to the U.S. or a foreign government related to the commercial development of the resource. The requirement covers legal payments, extending the U.S. government’s reach beyond the Foreign Corrupt Practices Act, [...]
The PowerShares QQQ ETF: A Stock Index “Myth”
The debate over whether to use ETFs or own individual stocks is something ZeccoShare Community members have been discussing lately. The issue centers on diversification – and whether or not that’s a worthwhile goal, as also addressed in this earlier ZeccoPulse post: Dump Your Individual Stocks for ETFs? I’d always thought that extremely broad based [...]
