U.S. energy company Exxon Mobil Corporation (NYSE:XOM) has no plans to pull out of an oil project off Russia’s Pacific Sakhalin island, it said on Friday, denying a media report that it could do so due to tensions between Moscow and the West over the crisis in Ukraine. The United States and the EU have imposed sanctions on Moscow and put some Russian officials and businessmen on sanction lists following Russia’s annexation of Ukraine’s Crimea peninsula in March. Exxon Mobil Corporation (NYSE:XOM) shares moved down -0.04% in last trading session and was closed at $100.74, while trading in range of $100.32 – $101.00. Exxon Mobil Corporation (NYSE:XOM) year to date (YTD) performance is 0.93%.
Brazil’s state-controlled oil company, Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR), would like to raise domestic fuel prices this year, Chief Executive Maria das Graças Foster said. The company announced late last year that it would adopt a process for raising fuel prices automatically, though it never provided more details on how that would work. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) net profit margin is 8.50% and weekly performance is 1.19%. On last trading day company shares ended up $15.28. Analysts mean target price for the company is $18.52. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) distance from 50-day simple moving average (SMA50) is 17.23%.
Rio Tinto (RIO) has assured the West African nation of Guinea that it its disagreement with Vale SA (ADR) (NYSE:VALE) regarding rights to the world’s largest unused iron-ore deposit won’t hinder a plan to construct a mine that is projected to cost nearly $20B, according to Bloomberg, citing comments in a letter from CEO of Rio’s diamonds and minerals unit, Alan Davies. Vale SA (ADR) (NYSE:VALE) shares fell -1.79% in last trading session and ended the day on $13.73. VALE Gross Margin is 47.60% and its return on assets is 0.30%. Vale SA (ADR) (NYSE:VALE) quarterly performance is -3.72%.
Chesapeake Energy Corporation (NYSE:CHK)’s former chief executive officer invited Encana Corp. (ECA) to join in dividing Michigan oil and gas lease bidding opportunities in 2010 “rather than bash each other’s brains out,” according to an e-mail cited by the state in a court filing. Chesapeake Energy Corporation (NYSE:CHK) shares moved down -4.66% in last trading session and was closed at $27.64, while trading in range of $27.30 – $28.37. Chesapeake Energy Corporation (NYSE:CHK) year to date (YTD) performance is 2.52%.
Stockholders of The Dow Chemical Company (NYSE:DOW) elected Arnold A. Allemang, Ajay Banga, Jacqueline K. Barton, James A. Bell, Jeff M. Fettig, Andrew N. Liveris, Paul Polman, Dennis H. Reilley, James M. Ringler and Ruth G. Shaw to the Company’s Board of Directors for one-year terms during the Company’s 117th Annual Meeting. The Dow Chemical Company (NYSE:DOW) ended the last trading day at $48.98. Company weekly volatility is calculated as 1.98% and price to cash ratio as 13.45. The Dow Chemical Company (NYSE:DOW) showed a negative weekly performance of -0.59%.
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