The Dow is up 0.41 percent Friday and currently stands at 13,259. These stocks have some news you should know …
Exxon Mobil Corp. (NYSE:XOM) attains the honor of being the world’s largest dividend payer, according to Barron’s, when it announced a 21 percent increase (to 57 cents) in its quarterly payout on Wednesday. Shares have been trading higher than those of its largest industry peers, considering Exxon’s enterprise value to cash flow, and given its balance sheet strength.
Chevron Corp. (NYSE:CVX): Global net oil-equivalent production fell a bit year-to-year in the first quarter, as 2.76 million barrels per day pumped in 2011 dropped to 2.63 million barrels per day in the first quarter of 2012. Contributing to the decrease was the fact that normal field declines, maintenance-related downtime and dispositions from project ramp-ups in the U.S. and Thailand outweighed the associated increases in production at those sites. On the positive side, year-to-year U.S. upstream earnings of $1.53 billion in the first quarter 2012 increased by $80 million from 2011, and international upstream earnings of $4.64 billion rose $114 million from the first quarter of 2011. As for for downstream earnings, in the U.S. the first quarter saw a total of $459 million, and international operations $345 million in the same period.
Pfizer Inc. (NYSE:PFE): VIVUS’s (NASDAQ:VVUS) erectile dysfunction treatment Avanafil won FDA approval on Friday, according to the agency’s website. Vivus’ claim to fame is that it provides faster erections than does Viagra, which is made by Pfizer. Particulars of the FDA’s trials of the drug were not released.
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