Exxon Mobil Corporation (XOM)
Global CapEx To Plunge 12%, Worst Than GFC; A Sign Recovery Will Underwhelm
Global CapEx To Plunge 12%, Worst Than GFC; A Sign Recovery Will Underwhelm Tyler Durden Tue, 07/07/2020 - 13:20 Capital expenditures, generally known as CapEx, are funds used to acquire, upgrade, and maintain physical assets. We can learn a lot about a company and how it is investing in existing and new fixed assets to sustain or expand its business. More importantly, CapEx is the critical driver of growth in the future. With that being said, companies globally are slashing capital spending this year as the virus-induced recession has forced management teams to rein in costs. Refinitiv data (of nearly 4,000 firms) estimates 2020's CapEx cut will be on average 12%, much larger than the 11.3% decline during the global financial crisis in 2008-09, or the largest in over a decade. "For many firms the near-death experience of the lockdown - where cash flows have simply dried up - will have a long-run effect on their willingness to take risks and invest," said Keith Wade, the top economist at British asset manager Schroders.
BPCL holds 62 patents; 68 more innovations awaiting approvals
MUMBAI: Bharat Petroleum's Corporate Research & Development Centre (CRDC) has bagged as many as 62 patents since its inception 19 years ago and is awaiting 68 more.Since its establishment in July 2001, CRDC has developed a bouquet of innovations, bagging as many as 62 patents from the country as well as abroad, including the US and Europe, and 68 more are pending for approvals."Of the total patented innovations, around 20 are already commercialised and are deployed at various BPCL facilities," Sanjay Bhargava, executive director and chief of CRDC, told PTI over phone from New Delhi.Within the next one month they will be filing for five-six patents as well, he added.The centre, with an annual budget of Rs 80-100 crore, has published 141 research articles and its innovations are cited in five books, Bhargava said.CRDC, recognised by the Department of Scientific & Industrial Research, has been set up with a mission to transform ideas into innovations.Some of the notable patented innovations are BPMarrk, which is an intelligent tool for advanced assaying of crude oils, which characterises and evaluates crudes at a fraction of the time taken by traditional assaying methods that take a month at least."BPMarrk drastically slashes the time required to generate results from three to four weeks to merely one hour.
Sell Exxon, buy Chevron and Conoco ahead of earnings, Goldman says (NYSE:CVX)
Buy Chevron (NYSE:CVX) and ConocoPhillips (NYSE:COP) but sell ExxonMobil (NYSE:XOM), Goldman Sachs analyst Neil Mehta says ahead of the energy giants' upco
GLOBAL MARKETS LIVE: Fiat Chrysler, Regeneron, Uber
Fiat Chrysler is considering possible asset disposals ahead of its merger with PSA. Sanofi and its U.S. partner Regeneron failed in a phase III trial of Covid-19. Exxon Mobil is forecasting a…
Exxon Telegraphs Deep Losses Ahead Due to Low Prices -- WSJ | MarketScreener
By Rebecca Elliott Exxon Mobil Corp. warned Thursday of steep losses in its refining and oil-and-gas production businesses during the second quarter, signaling that the company is likely to… | July 3, 2020
Wall Street sees Exxon paring asset values on weakening demand
Jeff Ubben Quits ValueAct; The Humbling Of Exxon
Whitney Tilson’s email to investors discussing the humbling of Exxon; Jeff Ubben quits ValueAct for social investing; inside eBay’s bizarre campaign against a blog critic; the enduring enigma of Costco’s $1.50 hot dog and soda combo. Q1 2020 hedge fund letters, conferences and more The Humbling Of Exxon 1) In my February 3 e-mail, I […] The post Jeff Ubben Quits ValueAct; The Humbling Of Exxon appeared first on ValueWalk .
Exxon Mobil warnt vor Verlust im 2. Quartal - Exxon-Aktie dennoch in Grün
Der Konzern dürfte damit auch insgesamt den zweiten Quartalsverlust in Folge schreiben. Der gefallene Öl- und Gaspreis werde das Ergebnis in der Förderung mit 2,5 bis 3,1 Milliarden US-Dollar belasten, teilte Exxon mit. Im ersten Quartal hatte die Sparte noch einen Gewinn von 536 Millionen Dollar erzielt. Die gefallenen Margen…
Exxon details expected Q2 hit from lower prices, margins; shares rise premarket (NYSE:XOM)
Lower oil prices are seen hitting upstream earnings by $2.1B-$2.5B in Q2, says Exxon (NYSE:XOM) in a regulatory filing released this morning. Lower gas pri
Exxon Mobil (XOM) earnings: why is the sentiment negative?
Exxon Mobil Corporation (XOM) shares are trading at $79.63, flat vs. yesterday. The company is announcing its quarterly earnings results on Friday before the market opens. What's driving XOM stock price? What's XOM stock price forecast?
Exxon Mobil (XOM) earnings preview: on track to ramp up its capital spending
Exxon Mobil Corporation (XOM) is expected to report earnings on July 27 before market open. What are XOM earnings expectations? What news will the market be watching out for?