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Exxon Stock Price Up After Today's Torrance Refinery News (NYSE: XOM)

exxon stock price

The Exxon stock price moved slightly higher today after the company decided to delay repairs of its main west coast refinery.

The plant provides one-fifth of southern California's gasoline but has operated at less than 20% capacity since the explosion.

Here's how that will affect XOM stock down the road...

2015 Top Stock Picks: ALJ Up 12.8% Amid Sell-Off

2015 top stock picks

The Dow Jones Industrial Average this week fell 1.5%, and with this slight dip in the broader markets, our 2015 top stock picks also took a hit.

But one company had a great week. Alon USA Energy Inc. (NYSE: ALJ) stock was up 12.8% amid this broader market sell-off.

What's behind this surge in the ALJ stock price? Here's our look...

How to Play XOM Stock After the Earnings Report

xom stock

Exxon Mobil Corp. (NYSE: XOM) released its Q1 report yesterday (Thursday).

The oil giant saw a 46% earnings loss as low oil prices continue to eat into energy companies' profits. But the stock has perks that other energy companies don't.

Here's whether or not you should invest in XOM stock...

CRM, BIDU, and XOM Are the Biggest Stocks to Watch Today

stocks to watch today

Good morning! U.S. stock futures for Thursday, April 30, forecasted a 25-point decline from Wednesday's close. The markets are reacting to shifts in the U.S. dollar and to the Federal Reserve's statements that it will raise interest rates on a meeting-by-meeting basis.

Here are your pre-market movers, top market news, and the biggest stocks to watch today...

Does the XOM Dividend Make Exxon Stock a Buy?

XOM stock

Exxon Mobil Corp. dominates the world of Big Oil in terms of market cap and brand recognition.

The $364 billion company is widely embraced by income investors thanks mostly to the healthy XOM dividend.

Here's everything you need to know about the XOM dividend - and whether or not it's worth buying XOM stock...

Why the Exxon Mobil Stock Price Hit a Fresh 52-Week Low

Exxon Mobil stock price

The Exxon Mobil stock price (NYSE: XOM) hit a 52-week low of $84.03 intraday Wednesday. Shares of the oil and gas giant are sitting at their lowest level in 17 months.

The Irving, Texas-headquartered company has certainly taken it on the chin over the last several months. Indeed, a laundry list of issues plague the stock.

But despite these headwinds, here's why the Exxon Mobil stock price could soon move higher...

Stocks to Buy When Oil Is Low – and Stocks to Avoid

stocks to buy when oil is low

With cheap crude oil prices, investors are pondering which stocks to buy when oil is low.

Money Morning Technical Trading Strategist D.R. Barton told viewers of FOX Business' "Varney & Co." today (Thursday) he isn't crazy about oil given the recent slide. But he's also aware that investment prospectuses and investors looking to diversify will still be drawn to the sector.

One oil giant stands out. And another should be avoided. Here's what those companies are.

Stock Market Today on the Move from GRPN, LNKD, GPRO, CVX, and XOM

Stock market today

The stock market today is moving on news from some major earnings reports from GRPN, LNKD, GPRO, SBUX, CVX, and XOM.

Here's our morning roundup...

Stocks to Watch Today: XOM, CVX, CLX and More

stocks to watch

Third-quarter earnings overall have been better than expected.

With some 244 companies reporting, the S&P 500 Index is on pace to post earnings growth of 6%. That's up from growth projections of 5.6% at the start of the week.

Hot stocks to watch today based on earnings focus on energy and consumer products.

Take a look...

U.S. Stock Market Rebounds from Morning Sell-Off – Here's What Happened

stock market

The U.S. stock market bounced back from a morning downswing to end the day flat, while investors remained cool about European Central Bank President Mario Draghi's intentions to define a specific stimulus program to help stave off recession in the Eurozone.

U.S. crude oil prices rebounded this afternoon after falling to as low as $88.18, the lowest price in nearly 18 months.

Here are the top stories from the stock market today…

Stock Market Close: Dow Sheds 139 Points; PXD, XOM Lead Energy Sector Sell-Off

stock market today

Stock market close, August 5, 2014: After ending in positive territory yesterday, U.S. markets crumbled again today on concerns of heightened geopolitical tension in Ukraine. The energy sector saw a broad sell-off during the afternoon.

The CBOE Volatility Index, which gauges investment fear, jumped roughly 11.5% on the day.

Now, here are the top stories from today…

Oil Companies: The Search for Unconventional Sources Goes Into the Arctic

The black gold rush on the roof of the world accelerated on Saturday.

Norway's Statoil ASA (NYSE ADR: STO) signed a massive deal with Russian behemoth Rosneft in a venture that may require more than $100 billion over the next few decades.

Specifically, the company aims to help Rosneft develop untapped oil resources in the Arctic, as Moscow struggles to gain a competitive advantage given declining oil production in Siberia.

It's the third recent oil partnership for Rosneft.

Reuters reports:

"The agreement, signed on Saturday, provided a showcase for president-elect Vladimir Putin, serving out his final days as prime minister before a May 7 inauguration, and Deputy Prime Minister Igor Sechin, in charge of energy and industrial policy.

As a legacy of their time in government, the three deals secure capital and expertise for a push into some of the world's potentially most energy-rich regions."

The deal highlights a number of key issues for both oil companies and Moscow moving forward.

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ExxonMobil (NYSE: XOM) Earnings Miss – But Investors Should Stay Put

ExxonMobil (NYSE: XOM) earnings came up short this morning. The oil giant missed analysts' expectations by about 9 cents.

Steve Schaefer at Forbes runs down the numbers:

"The energy giant recorded earnings of $9.5 billion, or $2.00 per share. Those figures were down 11% and 7%, respectively, from the first quarter of 2011, and earnings per share were below the $2.09 analyst consensus. Revenue of $124.1 billion was up 8.8% from a year ago, but just shy of the $124.8 billion expected.

Earnings in Exxon's upstream, or exploration and production, fell 10.1% from a year ago, to $7.8 billion, while downstream earning, which include refining, were up 44% from the prior year to $1.6 billion, thanks largely to gains from asset sales and improvements in volume and mix."

This earnings miss is the least of Exxon's short-term worries as we head into the summer months and the election heats up. There are a lot of problems for the company to overcome all at once - but it shouldn't send ExxonMobil investors headed for the exits.

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Exxon-Rosneft Deal Centers on Arctic Oil (NYSE: XOM)

Quite a few emails already coming in about the potential of the $3.2 billion Exxon-Rosneft deal.

On April 16, Exxon (NYSE: XOM) officially entered into a massive offshore exploration partnership with Russia's Rosneft to jointly develop resources in the Kara and Black Seas.
From the Rosneft press release:

"The agreements signed today form joint ventures to manage an exploration program in the Kara Sea and Black Sea. They also set the terms for investments to be made by the partners in Russian offshore projects. The initial cost of preliminary exploration is estimated at over US $3.2 billion.

Neftegaz Holding America Limited, an independent indirect subsidiary of Rosneft registered in Delaware, concluded separate agreements on the acquisition of a 30 percent equity in ExxonMobil's share in the La Escalera Ranch project in the Delaware Basin in West Texas in the United States."

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Oil Companies Big Winners as U.S. Becomes Net Exporter of Fuel

The United States has become a net exporter of fuel for the first time in more than 60 years. That simple fact could drive oil-company profits for at least the next decade.

It's also another sign of dramatic shifts in the energy industry, with consumption declining in the United States and rising in emerging economies.

The United States exported 98 million barrels more of fuel than it imported in the first 10 months of 2011. Just a few years ago, in 2005, the country imported almost 900 million barrels of fuel.

"It looks like a trend that could stay in place for the rest of the decade," Dave Ernsberger, global director of oil at Platts, told The Wall Street Journal. "The conventional wisdom is that U.S. is this giant black hole sucking in energy from around the world. This changes that dynamic."

The United States is still the world's largest importer of crude oil, however - although even U.S. oil imports have dropped by 10% since 2006.

Actually, that's one of the reasons the United States has become a net exporter of fuel. New sources of domestic oil from the shale fields in North Dakota and Texas, as well as Canada's Athabasca oil sands, have made more crude available to U.S. refining companies.

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