Exxon Mobil Corporation (NYSE:XOM) will report on how it views the risks climate change could pose to the value of its assets, shareholder activists said on Thursday. In return they agreed to withdraw a proposed shareholder resolution calling for such a report at Exxon’s upcoming annual meeting. An Exxon spokesman did not immediately return messages. Exxon Mobil Corporation (NYSE:XOM) shares after opening at $95.10 moved to $95.99 on last trade day and at the end of the day closed at $94.31. Company price to sales ratio in past twelve months was calculated as 0.98 and price to cash ratio as 88.58. Exxon Mobil Corporation (NYSE:XOM) showed a positive weekly performance of 0.90%.
ConocoPhillips (NYSE:COP) is a name that draws a solid rating at Baird. The company has spent the past five years divesting assets, and although it is cash rich, but the company has dampened earnings and growth expectations. Continued strong pricing could bode well for the company. (NYSE:COP) shares fell -0.62% in last trading session and ended the day on $67.48. COP return on equity ratio is recorded as 18.30% and its return on assets is 7.80%. ConocoPhillips (NYSE:COP) yearly performance is 15.43%.
BP plc (ADR)(NYSE:BP) successful bids on 24 blocks offered for lease in the Gulf of Mexico, the company’s first new U.S. offshore leases in two years, aren’t expected to add any barrels of production until the middle of the next decade.”Cosmetically, this looks good,” says a Prime Executions analyst in cutting the firm’s rating on the shares to Neutral, “but it’s not a needle-mover.”BP’s Gulf crude output has plunged 62% since the disastrous 2010 spill to average 174K bbl/day in 2013, but that still ranks it as the region’s no. 2 producer, trailing only Shell and outranking U.S.-based giants including Chevron and Exxon.Also, BP is no longer setting a new target for investing in renewable energy after reaching an earlier goal of $8B in spending by 2015; it will continue to invest in cleaner fuels, and it owns stakes in 16 wind farms which give it a financial interest in 1,558 MW of electricity generation capacity. BP plc (ADR) (NYSE:BP) shares moved down -0.02% in last trading session and was closed at $46.51, while trading in range of $46.36-$46.93.BP plc (ADR) (NYSE:BP) year to date performance is -3.18%.
When Chevron Corp. (NYSE: CVX) CEO John Watson told a Houston audience earlier this month that crude oil costing $100 a barrel is becoming the new $20 in the oil and gas industry, he added, “If $100 is the new $20, consumers will pay more.” The inference we might draw from that is that oil prices have finished falling and can only rise from this point on. Corporation (NYSE:CVX) weekly performance is 1.34%. On last trading day company shares ended up $115.63.Chevron Corporation (NYSE:CVX) distance from 50-day simple moving average is 0.54%. Analysts mean target price for the company is $129.56.
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