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Exxon Beats but Net Sinks - Analyst Blog

01.02.10

ExxonMobil Corporation ( XOM ) reported fourth ninety days 2009 earnings of $1.27 per appropriate, compared to the Zacks Consensus Evaluate of $1.20 and year-earlier earnings of $1.54.

Earnings, though elevate surpass than expected, were significantly lower than the year-earlier numbers due to move refining and fuel margins as well as namby-pamby natural gas realizations. However, these were partly nullify by higher crude realizations.

The gathering maintained its quarterly dividend of $0.42 per stake and repurchased $2 billion significance of its own common stock. A $41 billion all-property “Exxon-XTO Energy" coalescence will augment the company’s position in the happening of unconventional resources, which is expected to design sustainable long-term value for its shareholders.

Behind the Headline Numbers

Indistinct refining and marketing (R&M) margins hit all the wonderful majors hard in the fourth dwelling. Like Exxon, Chevron Corporation (

Source: Benzinga

Barchart US Morning Call

01.02.10

Overnight Developments
International stocks are mixed with the European DJ Stoxx 50 Factor down -0.63% and March S&Ps up +4.30 points. Be about that China will take further measures to prevent its concision from overheating is weighing on global disinterest markets after comments from PBOC Representative Governor Zhu Min in Davos, Switzerland yesterday. The dollar kill back from a 6-month high and copper demolish to a 2-1/2 month low, while Treasuries are scarcely changed. US stock index futures are higher on reflection that today's Jan ISM manufacturing index will show swelling in the US manufacturing sector for a sixth month. Vivendi SA slumped over 3% and led media stocks humble in Europe after a US jury ruled that the everyone's largest music company misled investors who may be accomplished to recover up to $9.3 billion in damages. Sedate makers are also lower after ARD television reported that Germany's well-being minister said he would review pricing practices in the surroundings's pharmaceuticals industry to

Source: Inside Futures

ConocoPhillips Reports Profit After Record Loss

27.01.10

Jan. 27 (Bloomberg) -- ConocoPhillips , the third-largest U.S. oil coterie, reported fourth-quarter profit of $1.22 billion after posting a documentation loss a year earlier when falling forcefulness prices dragged down the value of acquired assets.

Net revenues was 81 cents a share, compared with a net detriment of $31.8 billion, or $21.37, a year earlier, Houston-based ConocoPhillips said today in a account. Excluding such items as writedowns on assets, ConocoPhillips earned $1.16 a equity, 4 cents more than the average of 16 analysts’ estimates compiled by Bloomberg. Profits fell 2.8 percent to $43.6 billion.

ConocoPhillips said in October that it planned to deal in some $10 billion of assets over two years, cut spending and slash debt. The company said fourth-rooms profit from producing oil and natural gas, excluding one-every so often old-fashioned items, rose 23 percent to $1.71 billion. ConocoPhillips said its bring in reductions for the year totaled 12 percent, topping its 10 percent ambition.

“I think it was a solid quarter,” said Brian Youngberg , an analyst at Edward Jones neighbourhood of St. Louis who has a “buy” rating on ConocoPhillips shares and owns none. “The players continues to cut costs, which will be a theme that we will extend to see in 2010.”

Source: Bloomberg