conocophillips posts
Posted Jul 8th 2009 1:10PM by Beth Gaston Moon
Filed under: Wal-Mart (WMT), Exxon Mobil (XOM), Toyota Motor Corp. (TM), Chevron Corp (CVX), ConocoPhillips (COP), BP p.l.c. ADS (BP), Oil
Who said big oil was a dying business? Fortune has released its Global 500, their "annual ranking of the world's largest corporations," and topping the charts is Royal Dutch Shell (NYSE: RDS.A), which, much like a Mariah Carey song, bumped up into the coveted number-one slot after some time at number three. The Netherlands-based oil company trumped its U.S. rival, Exxon Mobil (NYSE: XOM) by $15 billion in sales and saw its revenue spike nearly 29% from 2007.
Speaking of Exxon, the company once again had a tiger in its tank, ranking number two in the world as oil futures bounced around in a nearly $100-dollar range, hitting $146 per barrel at its heights.
Continue reading Royal Dutch Shell crowned world's largest corporation
Posted Apr 18th 2009 12:10PM by Trey Thoelcke
Filed under: Earnings reports, Google (GOOG), General Electric (GE), Intel (INTC), Nokia Corp. (NOK), Citigroup Inc. (C), Johnson and Johnson (JNJ), JPMorgan Chase (JPM), Abbott Laboratories (ABT), Regions Financial (RF), Baxter Intl (BAX), Charles Schwab Corp (SCHW), Chevron Corp (CVX), ConocoPhillips (COP), Goldman Sachs Group (GS), Mattel, Inc (MAT), BP p.l.c. ADS (BP), AMR Corp (AMR), Harley-Davidson (HOG)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Goldman Sachs, Google, Citigroup, GE, Intel, Nokia and more
Posted Mar 27th 2009 10:00AM by Laurie Pasternack
Filed under: Analyst reports, Analyst upgrades and downgrades, Microsoft (MSFT), Amazon.com (AMZN), ConAgra Foods (CAG), ConocoPhillips (COP), Morgan Stanley (MS), Analyst initiations, Trina Solar ADS (TSL), Suntech Power Hldgs ADS (STP), PG and E Corporation (PCG)
Analyst upgrades:
- JP Morgan upgraded J.C. Penney (NYSE: JCP) to Neutral from Underweight based on lower input costs, stabilization in home, lower markdown dollars, and valuation.
- Oppenheimer upgraded Novellus (NASDAQ: NVLS) to Perform from Underperform as it believes Novellus' market share has stabilized and that the company is a potential acquisition target. The firm raised its price target to $20 from $9.
- Bernstein upgraded ConAgra (NYSE: CAG) to Market Perform from Underperform citing strength in grains and moderating input costs.
- ConocoPhillips (NYSE: COP) was raised to Buy from Neutral at Goldman.
- China Housing (NASDAQ: CHLN) was upgraded to Buy from Hold at Roth Capital.
Continue reading Analyst upgrades, downgrades and initiations: JCP, NVLS, CAG, RJF, PCG, STP, AMZN, MS, MSFT
Posted Jan 31st 2009 8:40AM by Trey Thoelcke
Filed under: Earnings reports, Starbucks (SBUX), Ford Motor (F), 3M Corporation (MMM), Halliburton (HAL), Netflix, Inc. (NFLX), Altria Group (MO), Black and Decker (BDK), ConocoPhillips (COP), Procter and Gamble (PG), Verizon Communications (VZ), duPont(E.I.)deNemours (DD), Amgen Inc (AMGN), Honeywell Intl (HON), Wells Fargo (WFC)
Here are some highlights from this past week's earnings coverage from BloggingStocks:
Continue reading Earnings highlights: Ford, P&G, Wells Fargo, Starbucks, DuPont, Halliburton and others
Posted Jan 17th 2009 11:10AM by Peter Cohan
Filed under: Forecasts, General Electric (GE), Advanced Micro Dev (AMD), , ConocoPhillips (COP), Economic data, Recession
Yesterday no fewer than 20 companies around the world announced 40,000 layoffs. As I posted, that's the flip side of the great inflation report that came out this week. And those 40,000 are among the first of 2.1 million U.S. jobs that are forecast to disappear in 2009 -- particularly if the $825 billion stimulus plan does not pass.
Here are some of yesterday's cuts from the U.S. companies:
- Circuit City Stores is liquidating and taking 30,000 jobs along for the ride
- Hertz Global Holdings Inc. (NYSE: HTZ) is eliminating 4,000 jobs worldwide due to a drop in travel demand.
- WellPoint (NYSE: WLP) the second-largest U.S. health insurer, will end 1,500 jobs, which include 600 workers and 900 open positions.
- Clear Channel (NYSE: CCO) -- the largest U.S. radio broadcaster -- will lay off 1,500 employees on January 20.
Continue reading 40,000 jobs lost in one day as deflation's vicious cycle accelerates
Posted Oct 19th 2008 12:30PM by Trey Thoelcke
Filed under: Earnings reports, Forecasts
Wall Street's optimism in last week's preview about the earnings of tech stocks wasn't misplaced, as there were many more positive surprises than negative ones among the stocks we looked at. This week will bring plenty more data for investors in and watchers of the sector to mull over. Apple Inc. (NASDAQ: AAPL), AT&T Inc. (NYSE: T), and Microsoft Corp. (NASDAQ: MSFT), for example, are expected by analysts surveyed by Thomson Financial to post modest earnings gains from a year ago, to $1.11 per share (on $8.1 billion in sales), $0.72 per share (on $31.3 billion in sales), and $0.47 per share (on $14.8 billion in sales) respectively. All three of these companies ended the week closer to their 52-week lows than highs, and analysts on average consider them each a buy.
Here's a look at some of the week's biggest expected earnings gainers and decliners in the sector:
Continue reading The week in preview: More hope for techs, doubt about financials
Posted Oct 8th 2008 5:05PM by Steven Halpern
Filed under: Newsletters, Presidential elections, Stocks to Buy, Financial Crisis
This post is part of a series in which TheStockAdvisors.com asked financial experts to name their top stock pick if McCain or if Obama wins the election.
"If John McCain wins, there's a greater likelihood the reduced-dividend and capital gains tax rate will be extended; in that case, I would favor a tax-advantaged fund such as the Eaton Vance Tax-Advantaged Dividend Income Fund(NYSE: EVT)," says Carla Pasternak in High Yield Investing.
"Eaton Vance Tax-Advantaged Dividend Income Fund has a solid tax-advantaged yield of more than 11%, of which the entire 2007 amount qualified for the reduced dividend tax rate of up to 15%.
"EVT focuses on strong dividend-growers and undervalued stocks with room to move. About 80% of the fund's holdings are in common stocks, with the rest of the portfolio in high-yielding preferred shares.
"Top holdings include oil giants Chevron and ConocoPhillips, as well as utilities like Edison International and dividend stalwart Philip Morris.
"The fund does have large exposure to the financial sector, as it accounts for about 20% of the portfolio. Due to the turmoil in the sector, EVT has seen its share price sink amid the credit crisis.
"While we can't be sure of when the crisis in the financial industry will subside, we can be assured this fund will benefit once things turn around. Meanwhile, investors are able to lock in a juicy double-digit yield.
"Investors seeking international exposure will also do well with this fund. Less than half (45%) of the fund is invested in the U.S. The remainder is spread evenly across Europe's major economies, including Germany, the U.K. and Finland.
"With a solid record for dividend growth, and selling at a steep discount of about -20% to the value of its underlying portfolio assets (meaning investors can pick up a dollar's worth of assets for only 80 cents), EVT might be attractive no matter who assumes the presidency.
"However, due to its tax-advantaged nature, having a Republican in the White House who favors keeping the current reduced-dividend tax would be a direct benefit to EVT investors."
Steven Halpern's TheStockAdvisors.com offers a daily look at the latest market commentary and favorite stock picks and investment ideas from the nation's leading financial newsletter advisors.
Posted Aug 27th 2008 9:10AM by Douglas McIntyre
Filed under: Industry, Exxon Mobil (XOM), ConocoPhillips (COP)
No one wants to own a gas station; the margins are too small. Consumers will only pay so much for petrol. If the price moves up, people begin to ride bicycles.
ConocoPhillips (NYSE: COP) will sell the last 600 stations it owns, walking away from a business that Exxon Mobil (NYSE: XOM) left just a few months ago. According to The Wall Street Journal, "ConocoPhillips is expected to sell the remainder of its 600 company-owned gasoline stations to closely held PetroSun West LLC for $800 million."
The announcement says a great deal about the perverse economics of the oil business. Due to the recent rise in oil prices, pumping oil out of the ground is an excellent business. The profits on $120 crude are stupendous. But the refining industry is awful. Trying to make margins on the gas and diesel from that high-priced oil is extremely difficult. Demand gets hammered by the consumer's inability to absorb the huge increase in fuel prices.
The question, of course, is why any company would get into the business. That says a great deal about the big oil company strategy of dumping stations. Either the people buying them are fools, or the profits in the sector will come back as gas prices drop. If so, Big Oil will look silly.
Douglas A. McIntyre is an editor at 247wallst.com.
Posted Aug 8th 2008 3:41PM by Sheldon Liber
Filed under: Rants and raves, Apple Inc (AAPL), General Electric (GE), Exxon Mobil (XOM), Johnson and Johnson (JNJ), Chevron Corp (CVX), ConocoPhillips (COP), Politics, Presidential elections, Oil, Headline news

If Barack Obama is receiving advice from
"my pal Warren" then he must not be listening. There is no way that Warren Buffett, the national debt hawk, would support Obama's
stupid idea of giving another $1,000 back to every family in America. It is reported that he would pay for this by creating a windfall profit tax on oil companies.
This give-away program is an attempt to buy votes plain and simple. It would add to the national debt, discourage oil companies from investing and worse it would handicap American companies more than others and mortgage more of our children's futures.
The last thing the people of the United States need is more deficit spending. If we
did tax oil companies, which I am against, I would only support using the funds for expanding education, research and development in science and engineering with the goal of maintaining our waning leadership in technology.
Continue reading Obama's $1000 giveaway is a take away!
Posted Jun 26th 2008 2:34PM by Steven Halpern
Filed under: International markets, Newsletters, ConocoPhillips (COP), Commodities, Oil, Stocks to Buy
Leading advisor Jack Adamo, editor of Insiders Plus, reports that a Goldman Sachs analyst has chosen one of the stocks on his newsletter's buy list -- ConocoPhillips (NYSE: COP) -- as his top pick in the energy sector.
"There was an extremely interesting piece recently in Barron's by the oil analyst at Goldman Sachs who predicted $100 oil back in late 2004. We'd been buying energy stocks for almost a year at that point, but, although I expected oil prices to rise, I had no idea they'd go this high.
"In any case, the analyst, whose name is Arjun Murti, said he expects oil to reach $150 to $200 sometime within the next 24 months. The low end of that range is only a Middle East incident away, but the high end still seems like a reach, especially given weakening economic conditions.
Continue reading Goldman Sachs analyst bets on ConocoPhillips (COP)
Posted Jun 16th 2008 3:45PM by Eliza Popescu
Filed under: Forecasts, Newsletters, ConocoPhillips (COP), Economic data, Oil, Stocks to Buy

With the economy facing soaring crude oil prices for the past year, consumers and drivers have seen a major impact on their savings. It could seem as though the good old times are over. Gasoline at $4 a gallon is not something we can ignore, and if we take into account that Americans consume nearly 40% of the world's gasoline, you can see where the problems begin. So the surge in oil prices came with an imminent effect on consumers, who had to cut back on their spending.
But since we are already in this unpleasant situation, Kiplinger offers some solutions to help investors fight against high oil prices. Kiplinger
underlines in this article that one smart move would be to minimize the cost of driving by making some good energy-related investments.
Gerry Jordan, manager of Jordan Opportunity, recommends investors invest in oil companies such as
Schlumberger Ltd. (NYSE:
SLB) and
Weatherford International (NYSE:
WFT), citing strong international business. In addition, Jordan believes that higher crude prices will increase drilling demand. On the other hand, Jordan also loves power companies like
Calpine Corp. (NYSE:
CPN) and
Reliant Energy Inc. (NYSE:
RRI) as he anticipates huge power outages across the globe during this year.
Continue reading Some oil stocks for your portofolio from Kiplinger
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