Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) is now convinced that an end to its several years of struggle is now possible and this could be achieved over the next two years. Petroleo Brasileiro Petrobras SA (ADR) (NYSE:PBR) stock opened at $11.43 in last session, and closed at $11.34, while the day range of PBR stock is $11.09 – $11.46. The stock showed a positive weekly performance of 1.16%.
ConocoPhillips (NYSE:COP) is drilling two horizontal holes 20 kilometres southwest of Norman Wells, N.W.T. ConocoPhillips (NYSE:COP) stock opened at $64.79, in last session and closed at $64.97, by gaining 1.04%. The 52 week range of COP is $56.38 – $74.59. Company’s market capitalization is $79.59billion.
Bank of New York Mellon Corp (BK:US) and YPF SA (ADR) (NYSE:YPF) won dismissal of Repsol SA (REP)’s lawsuit accusing the bank of failing to carrying out its voting instructions for the Argentine oil company’s board election. YPF SA (ADR) (NYSE:YPF) stock advanced 1.96% and finished the last session at $24.43. The EPS of the stock remained 1.37. Company’s market capitalization is $9.58billion.
As someone interested in making long-term investments, I have always had a special fondness for Exxon (XOM), Chevron Corporation (NYSE:CVX), and Conoco (COP) because the management teams at all three companies seem to “get it” when it comes to rewarding shareholders with dividends and making capital allocation decisions that think in terms of decades, rather than the quarter-to-quarter rigmarole that focuses on short-term results at the expense of long-term wealth building. Chevron Corporation (NYSE:CVX) stock opened the session at $111.91, and closed the session at $112.05. The 52 week range of the CVX stock remained $109.27 – $127.83 and the day range was $110.39 – $112.12.
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