Latest Statoil ASA News and Updates
How Has Shell’s Stock Performed ahead of Its 4Q16 Earnings?
On January 20, 2016, Shell began recuperating from the falls it had experienced in the previous year. Shell has risen 49% since January 20, 2016.
BP’s Year-to-Date Net Income Crashed on Special Charges
After analyzing BP’s (BP) 2Q15 performance by segment, we’ll now discuss its year-to-date (or YTD) revenues and earnings.
Why Nordic posts earnings increase, declares dividend
NAO’s initial fleet is providing services for Apache Corporation’s (APA) Apache North Sea Limited, BG International Limited (BRGYY), and Statoil Petroleum AS, a subsidiary of Statoil ASA (STO).
Venezuela’s Crude Oil Production Fell Again
Reuters estimates that Venezuela’s crude oil output decreased by 50,000 bpd to 1,450,000 bpd in May—compared to the previous month.
What Is the Outlook for Europe-Focused Mutual Funds?
In this series, we have reviewed ten Europe-focused mutual funds in terms of their sectoral changes over the past year and the possible reasons for their performance in 2015.
Oil Majors Keep New Projects Worth $200 billion on Ice
Wood Mackenzie research shows that the oil majors have deferred more than 45 significant oil and gas projects since the beginning of the crude oil price collapse last year.
Analysts’ Recommendations for Chevron before 3Q15 Earnings
It terms of analysts’ recommendations for Chevron, approximately 53.3% of analysts rate Chevron a “hold,” 40% rate it a “buy,” and 6.7% rate it a “sell.” The average broker target price of $93.11 for CVX implies a ~3.4% return in the next 12 months.
Shell’s Stock Has Risen 16% since September 2016
Shell’s stock had a weak opening to 2016. It traded below its 50-day and 200-day moving averages at the beginning of the year. Its share price touched a trough on January 20, 2016.
China Gives Leap Year Gift to Banks: Effect on Crude Oil Prices
April WTI (West Texas Intermediate) crude oil futures contracts trading on NYMEX rose 3.0% and closed at $33.75 per barrel yesterday. Brent crude oil prices also rose 2.5% and settled at $35.97 per barrel.
Norwegian Krone Extended Appreciation Trend Last Week
The Norwegian krone appreciated against the US dollar on October 9, 2015, as a result of positive inflation data.
Overview: An introduction to MarkWest Energy Partners
MarkWest Energy Partners L.P., (MWE) is a master limited partnership (or MLP) that provides natural gas gathering, processing, and transportation services to natural gas producers.
Analyst Recommendations for CVX after Its 3Q15 Earnings
Here we’ll discuss Wall Street analyst recommendations for CVX following its 3Q15 results. Wall Street analysts provided target prices for the next 12 months.
Shell’s Valuation Compared to Its Peers
Shell is trading at a forward PE of 13.8x, below its peer average of 17.6x.
Total’s Forward Valuation: Peer Comparison
In the previous part of this series, we discussed Total’s historical valuation trends. Now we’ll compare its forward valuation with that of its peers.
Why you should monitor changes in Petrobras’ cost structure
Despite per unit cost improvement, Petrobras’ (PBR) 2014 year-to-date (or YTD) gross profit decreased to $16.7 billion—from $18.4 billion in the first half of 2013.
Which Integrated Energy Stocks Are Rising This Week?
This week, which started on October 9, 2017, China National Offshore Oil (CEO) is at the top of the list of gainers in the integrated energy sector.
Sector Composition Changes in FHJUX until 1Q16
FHJUX’s assets were spread across 73 holdings as of March 2016, which is six less than a quarter ago. It was managing assets worth $1.3 billion as of the end of March.
Why Schlumberger’s international operations improved
In 3Q14, Schlumberger’s revenues from its international operations, or operations outside the U.S., increased 5% to $8.30 billion from $7.91 billion in 3Q13. Earnings before tax , or EBT, from its international operations increased 11% to $2.04 billion, from $1.84 billion in 3Q13.
Analysts’ Recommendations for BP before 1Q16 Earnings
The highest 12-month target price for BP ahead of 1Q16 earnings is $43, indicating a 40% gain from current levels.
High-grade bond supply spike triggers hope for record year
Last week was strong in terms of issuance volumes in the primary capital markets. High-quality bond issuance touched $51.3 billion across 42 issues in the week ending November 7.
Chevron’s Moving Averages ahead of Earnings
Before we look at Chevron’s (CVX) moving average since January 2, let’s briefly look at how moving averages trended until then.
Integrated Energy Stocks That Are on the Rise this Week
Continuing with the biggest movers in the energy sector, we’ll now look at the top gainers from the integrated energy sector in the US for the week that began on March 12.
How Statoil’s Dividend Yield Stacks Up with Peers
Statoil (STO) occupies the sixth slot on the list of top eight dividend-yielding stocks.
Why Are Wall Street Analysts Divided on ExxonMobil?
ExxonMobil (XOM) stock is covered by 24 Wall Street analysts. Seven of them (or 29%) have given the stock a “buy” or “strong buy” recommendation.
ExxonMobil Expects to Triple Its Upstream Earnings by 2025
ExxonMobil has a robust project pipeline, which is expected to bring significant growth to the company.
What BP’s Moving Averages Indicate
BP surpassed its earnings estimates for 4Q17, as its upstream earnings rose year-over-year.
Will Analysts Raise Ratings for BP after 4Q17 Earnings?
Post-earnings, BP has been rated by a total of 11 analysts. Of the total, five analysts have assigned “buy” or “strong buy” ratings, five have assigned “hold” ratings, and one has assigned a “sell” rating on the stock.
Chevron’s Dividend Rises: Where Does Its Yield Stand after 4Q17?
CVX’s current dividend yield stands at 3.6%, which fell from its 1Q16 dividend yield of 4.9%.
Where Chevron’s Analyst Ratings Stand after Its 4Q17 Earnings
Of the 23 analysts covering Chevron, 13 analysts assigned “buy” or “strong buy” ratings, nine assigned “hold” ratings, and one assigned a “sell” rating for the stock
Chevron Stock Fell 6% on Its 4Q17 Earnings Miss
Chevron (CVX) announced its 4Q17 results on February 2, 2018. CVX opened the day at $123.90 per share, which was lower than its previous close of $125.60.
Chevron’s Moving Averages Trend Upward
Chevron’s moving averages In this part, we’ll look at Chevron’s (CVX) moving averages. Let’s start with its moving averages in the first nine months of 2017. In the beginning of 2017, Chevron’s 50-DMA (day moving average) slid down but stayed above its 200-DMA. The downtrend in Chevron stock extended to 2Q17. As WTI (West Texas […]
What Analysts Estimate for Shell’s Dividend Payment
Royal Dutch Shell’s (RDS.A) dividend payments have remained constant in the past few years.
Shell on the Street: Analyst Ratings after the 2Q17 Earnings
Of the 11 analysts tracking Shell, ten (91%) analysts have assigned “buy” or “strong buy” ratings, while one (9%) has assigned a “hold” rating.
What’s the Forecast for ExxonMobil’s Stock Price?
Implied volatility in ExxonMobil has fallen from 14.9% on April 3, 2017, to 13.6% to date.
Shell’s Volatility: A Look at Its Beta
Shell’s beta In this part, we’ll compare Royal Dutch Shell’s (RDS.A) beta with peers’. We’ve considered the 90-day beta, which depicts how much a stock moves for a given move in the market for 90 days. Shell’s 90-day beta stands at 0.94, lower than integrated energy stocks’ average 90-day beta of 1.0. In comparison, Statoil’s […]
A Look at Short Interest in Chevron
Short interest in Chevron Last year, short interest in Chevron (CVX) rose. However, since mid-December 2016, it has dropped by 38%, indicating that bearish sentiment for the stock has weakened. However, contrary to market sentiment, Chevron’s stock price has fallen 6%. In the same period, short interest in peers Statoil (STO), Petrobras (PBR), and PetroChina […]
Why Most Analysts Rate Chevron a ‘Buy’
Analyst ratings for Chevron Chevron (CVX) has been rated by 25 analysts. Of the total, 17 analysts have given “buy” or “strong buy” ratings, eight have given “hold” ratings, and none have given “sell” or “strong sell” ratings on the stock. These ratings have improved from March 2016, when Chevron had fewer “buy” ratings, more […]
Analysts’ Ratings for ExxonMobil after Its Earnings
Six analysts gave ExxonMobil a “buy” rating, 13 analysts gave it a “hold” rating, and seven analysts gave it a “sell” rating after its 4Q16 earnings.
Analysts’ Ratings for Chevron after Its Earnings
After its earnings, 18 of the analysts assigned “buy” ratings to Chevron, eight analysts assigned “hold” ratings, and none of them assigned “sell” ratings.
Has Implied Volatility in ExxonMobil Fallen Pre-Q4 Earnings?
Implied volatility in ExxonMobil (XOM) is currently 16.0%. On January 11, 2017, it was 18.0%.
Has Short Interest in ExxonMobil Fallen?
ExxonMobil (XOM) has witnessed a 35% fall in its short interest volumes since September’s end 2016.
Why Chevron’s Valuations Command a Premium over the Peer Average
Before we go ahead with a peer comparison, let’s consider the market caps of integrated energy companies. Chevron’s market cap stands at ~$221 billion.
Has Short Interest in Chevron Risen since September 2016?
Short interest in Chevron has been rising since the beginning of 2016. If we consider the change since mid-September 2016, CVX’s short interest has risen 10%.
Analysts’ Recommendations for Shell: Most Say ‘Buy’
Shell’s highest and lowest 12-month price targets stand at $66 and $53. It indicates a 27% and 2% rise from its current levels, respectively.
Statoil Expects Cost Reductions in Offshore Wind
One reason that renewable energy hasn’t caught on in a big way is the cost associated with energy generation.
Did Portfolio Shuffling Help the Fidelity Advisor Europe Fund in 2016?
The Fidelity Advisor Europe Fund – Class A (FHJUX) has been an above-average performer in YTD 2016, ranking third in the one-year period ended October 21, 2016.
Suncor: How Analysts Are Rating the Stock after Earnings
An analyst survey shows that six out of eight companies surveyed rated Suncor Energy (SU) an “overweight” or “outperform.”
Where Petrobras’s Forward Valuations Stand Compared to Its Peers’
Petrobras is trading at a two-year forward EV-to-EBITDA ratio of 4.8x, below the peer average of 5.4x.
Analysts’ Ratings for PBR: Most Say ‘Hold’
A survey of analysts shows that seven out of 11 companies have rated Petrobras (PBR) as a “hold,” a “neutral,” or a “market perform.”
How Does the RBI See Food Inflation Panning out in India?
Components of inflation While food inflation in India has been pushing retail inflation up, fuel inflation (BP) (STO) (RDS.B), another important component, has been subdued. According to the October monetary policy statement issued by the RBI (Reserve Bank of India), “Fuel inflation has moderated steadily through the year so far.” The RBI has also announced […]
How Inflation Expectations Are Set in Japan
Kuroda pointed out that due to global headwinds, inflation in Japan took a hit from the sharp decline in crude oil prices and the slowdown in China.
A Look at FAIDX’s Year-to-Date Portfolio Changes
Fidelity Advisor International Discovery Fund overview The Fidelity Advisor International Discovery Fund (FAIDX) primarily invests in non-US securities and prefers common stocks for investing in equities. Its assets are spread across multiple regions. The fund’s management uses a fundamental analysis of factors such as an issuer’s financial condition and industry position, as well as market […]
What’s behind the Dismal Performance of NBQAX?
NBQAX has had a terrible 2016 so far. Among its top invested sectors, information technology has been almost inconsequential to its performance.
BP’s Forward Valuations: A Peer Comparison
In this article, we’ll consider BP’s forward valuations compared to those of its peers. BP’s market cap stands at ~$105 billion.
How Did Petrobras’s Stock Perform on Its Earnings Day?
Petrobras announced its earnings on August 11, 2016, after the Market closed. On that day, PBR’s stock opened at $8.47 per share.
Why Did Swedish Industrial Production Fall?
Swedish industrial production fell by 1.4% in June on an annual basis—compared to a 1.5% drop in the previous month.
What Risks Does the RBI See for Retail Inflation?
The RBI thinks that risks to inflation are “tilted to the upside.” A subsequent rise in inflation could have a negative impact on consumer spending.
Performance of Companies in the Energy Sector on August 3
The companies in the energy sector gained on August 3 amid a huge drop in gasoline inventory levels.
Majority of Analysts Rate Shell as a ‘Buy’ Post-2Q16 Earnings
Nine out of the ten companies surveyed rated Royal Dutch Shell (RDS.A) a “buy,” “overweight,” or “outperform.”
How Shell’s Stock Performed after Its 2Q16 Earnings Release
Royal Dutch Shell (RDS.A) announced lower-than-expected earnings on July 28, 2016, before the markets opened.
Scandinavian Macroeconomic Data Are below Expectations
Sweden’s economy expanded by 3.1% on an annual basis in 2Q16—compared to 4.2% growth in the previous quarter and below expectations of 3.7% growth.
Petrobras’s Pre-Earnings Results Implied Volatility
Petrobras’s (PBR) implied volatility currently stands at 62.
How Portfolio Shifts Are Affecting Fidelity’s Europe Fund
The Fidelity Advisor Europe Fund Class A has fallen 5% year-to-date, but it’s still an average performer in the group of 12 funds chosen for this review.
Analysts’ Pre-Results Recommendations for Petrobras
The average 12-month price target for Petrobras is $5.80, indicating a 32% loss from the current levels.
Where Does SU’s Implied Volatility Stand ahead of Its Earnings?
Suncor Energy’s (SU) implied volatility currently stands at 28.1. Since February 11, 2016, SU’s implied volatility has fallen by 46%.
Has Total’s Implied Volatility Risen ahead of Its 2Q16 Earnings?
Total (TOT) implied volatility currently stands at 24.3. Since June 7, 2016, Total’s implied volatility has risen by 16%.
Scandinavian Indexes Rally as Inflation Rises in Norway and Denmark
The Scandinavian indexes were trading on a higher note towards the end of the day on July 11 following higher inflation numbers in Scandinavian countries.
What Does a Fall in Shell’s Short Interest Mean?
Shell has witnessed a 49% fall in its short interest volumes since February 10, 2016. This indicates that the bearish sentiment for the stock is weakening.
Why Has the Nuveen International Growth Fund Stumbled in YTD 2016?
Through June 17, the Nuveen International Growth Fund – Class A (NBQAX) has figured among the bottom three funds in its peer group of 12 funds.
How Did Shell’s BG Group Acquisition Affect Its Leverage?
Shell’s net debt almost doubled over 1Q14 to $70 billion in 1Q16. This was led by a 77% rise in its total debt over 1Q14 to $81 billion in 1Q16.
Production via Leverage: Southwestern Energy’s Faustian Bargain?
As of March 31, 2016, Southwestern Energy’s (SWN) total debt stood at ~$6.4 billion.
How Do BP’s Stock and Crude Oil Prices Correlate?
To what degree are integrated energy companies such as BP affected by volatility in crude oil prices? This varies from company to company.
BP’s Upstream Production Rose—What about Its Realizations?
BP produced 2.4 MMboepd from its worldwide operations in 1Q16. Of the company’s total production, 1.7 MMboepd, or 72%, comes from non-US operations.
Why TIPS Are an Attractive Investment Option Right Now
Asset managers have warned that costs may rise. They recommend inflation-linked securities such as Treasury inflation-protected securities (or TIPS).
Is India’s Consumer Price Inflation Indicating a Rate Cut?
With India’s government committing to maintain its fiscal deficit targets, the RBI can be expected to reduce the repo rate further either at the next scheduled meeting on April 5.
Economic Growth in India is Strong, but Exports Are Hurting
Data released by India’s CSO (Central Statistics Office) in February 2016 shows that economic growth in India, as measured by its GDP, is expected to be 7.6% in the financial year 2015–2016.
Petrobras’s Stock Price Has Doubled since Mid-February
Last year, Petrobras’s (PBR) stock fell on plunging oil prices. Continuing the trend, PBR’s stock had a weak opening in 2016.
WTI and Brent Crude Oil Prices Fall Due to the Rising Dollar
WTI (West Texas Intermediate) crude oil futures contracts for April delivery fell 0.88% and settled at $32.78 per barrel on Friday, February 26, 2016.
API Crude Oil Inventory Is Still Pressuring Crude Oil Prices
On February 2, 2016, the API (American Petroleum Institute) will publish its weekly crude oil inventory report. Last week, US crude oil inventory rose by 11.4 MMbbls.
High-Yield Bonds: Carl Icahn versus BlackRock
Renowned investor Carl Icahn spoke to CNBC earlier in December. He called the high-yield market a “keg of dynamite” that’s bound to blow up sooner or later.
Danish Krone Rose amid the Falling GDP Growth
The Danish krone rose versus the US dollar on December 22. The fiscal 3Q15 GDP growth was slow. On a YoY basis, the GDP rose by 0.5% in the third quarter.
Swedish Krona Rose as Economic Confidence Improved
The Swedish krona appreciated against the US dollar by more than 0.5% on December 21, 2015. Economic confidence indices released above the expectations.
Norwegian Krone Rebounds as Consumer Prices Increase
The Norwegian krone gained versus the US dollar on December 10, 2015, due to higher inflation numbers for November.
Swedish Krona Rises on Strong GDP Data
The Swedish krona strengthened against the US dollar on November 30, 2015, as growth in the third quarter GDP rose past expectations, signaling increasing strength in the economy.
Chevron’s Fiscal 3Q15 Performance Was Lower than Its Peers
Chevron has been providing the lowest returns among its peers. Chevron’s upstream businesses were hit due to lower crude oil prices.
Swedish Krona Sees a Volatile Session: More Easing and the FOMC
The Swedish krona ended on a weaker note against the US dollar on October 28, 2015, after trading at a stronger note in the early hours of trading.
Will Chevron’s EPS Fall Short of Analysts’ Estimates?
Chevron’s EPS estimate for 3Q15 is ~$0.77, which is ~5% higher than the previous quarter’s EPS and ~69% lower than the corresponding quarter’s EPS in 2014.
3Q15 Outlook: Can Chevron’s Revenue Beat Estimates?
For 3Q15, Chevron’s revenue estimate is ~$26.4 billion—34.5% lower than the previous quarter’s revenue and ~50% lower than the corresponding quarter’s revenue in 2014.
Get Ready for Chevron’s 3Q15 Earnings
Chevron (CVX) is expected to release its third quarter earnings on October 30, 2015. Since January 2015, its stock has fallen ~20%.
Will ExxonMobil’s Free Cash Flow Improve in 3Q15?
ExxonMobil’s FCF (free cash flow) has been volatile in the past ten quarters. Crude oil’s price fall since 4Q14 reduced ExxonMobil’s cash flows.
Did Marathon Oil’s 2Q15 International E&P Segment Perform Better?
Marathon Oil’s International E&P segment’s profits fell due to lower average crude oil realized prices and lower natural gas and NGL production volumes in 2Q15.
Comparing BP’s 2Q15 and 2Q14 Upstream Performance
In this article, we’ll compare BP’s 2Q15 and 2Q14 upstream performance through revenue split and operating income by segment.
Did ExxonMobil’s 2Q15 Revenues and Earnings Provide Any Relief?
ExxonMobil recorded $74.11 billion in total revenues and other income in 2Q15, down 33.3% from the $111.21 billion it recorded in 2Q14.
Where Does BP Stand after Its 2Q15 Earnings?
BP (BP) released its 2Q15 financial results on July 28. We’ll discuss its latest quarterly results in this series.
MarkWest Energy’s key operational updates
MarkWest Energy Partners’ (MWE) operations are divided into four business units—Marcellus, Utica, Northeast, and Southwest.
Why rail is a more cost-effective transporation option
Rail carriers typically have shorter transit times between point-of-origin and final destination, which isn’t the case with pipelines.