Exxon Warns About Shale Gas Hype

Mark Albers, senior vice president at Exxon (NYSE:XOM), told the World Shale Gas conference in Houston, “I would caution that this process will likely go slower than it did in North America,” regarding the exploration for oil and gas in shale formations. In other words, don’t believe the hype.

Infrastructure and a supportive regulatory framework already exist in North America, unlike many other parts of the world. Other advantages found in North America include a well-developed oilfield services industry (NYSE:OIH) and competitive markets.

Exxon (NYSE:XOM), the largest natural gas producer in the United States, is also searching for oil and gas in a number of countries, including Poland and Argentina,” according to Reuters.

Here’s how top oil and gas stocks are trading now:

  • Exxon Mobil Corp. (NYSE:XOM): The shares recently traded at $77.94, down $1.82, or 2.28%. Its market capitalization is $373.57 billion. They have traded in a 52-week range of $67.03 to $88.23. Volume today was 1,270,158 shares versus a 3-month average volume of 27,375,000 shares. The company’s trailing P/E is 9.41, while trailing earnings are $8.28 per share. The company pays a dividend of $1.88 per share for a dividend yield of 2.40%. About the company: Exxon Mobil Corporation operates petroleum and petrochemicals businesses on a worldwide basis. The Company’s operations include exploration and production of oil and gas, electric power generation, and coal and minerals operations. Exxon Mobil also manufactures and markets fuels, lubricants, and chemicals. Get the most recent company news and stock data here >>
  • Chevron Corp. (NYSE:CVX): The shares recently traded at $105.74, down $3.12, or 2.87%. Its market capitalization is $211.79 billion. They have traded in a 52-week range of $80.41 to $110.01. Volume today was 768,217 shares versus a 3-month average volume of 11,244,700 shares. The company’s trailing P/E is 7.83, while trailing earnings are $13.50 per share. The company pays a dividend of $3.24 per share for a dividend yield of 3.00%. About the company: Chevron Corporation is an integrated energy company with operations in countries located around the world. The Company produces and transports crude oil and natural gas. Chevron also refines, markets, and distributes fuels as well as is involved in chemical operations, mining operations, power generation and energy services. Get the most recent company news and stock data here >>
  • ConocoPhillips (NYSE:COP): The shares recently traded at $70.89, down $1.85, or 2.54%. Its market capitalization is $97.33 billion. They have traded in a 52-week range of $58.65 to $81.80. Volume today was 513,219 shares versus a 3-month average volume of 10,507,600 shares. The company’s trailing P/E is 9.09, while trailing earnings are $7.80 per share. The company pays a dividend of $2.64 per share for a dividend yield of 3.70%. About the company: ConocoPhillips is an international, integrated energy company which operates in several business segments. The Company explores for and produces petroleum, and refines, markets, supplies, and transports petroleum. ConocoPhillips also gathers and processes natural gas, and produces and distributes chemicals and plastics. Get the most recent company news and stock data here >>
  • BP plc (NYSE:BP): The shares recently traded at $42.93, down $1.77, or 3.96%. Its market capitalization is $135.64 billion. They have traded in a 52-week range of $33.62 to $49.50. Volume today was 1,911,215 shares versus a 3-month average volume of 10,825,100 shares. The company’s trailing P/E is 5.94, while trailing earnings are $7.22 per share. The company pays a dividend of $1.68 per share for a dividend yield of 3.80%. About the company: BP plc is an oil and petrochemicals company. The Company explores for and produces oil and natural gas, refines, markets, and supplies petroleum products, generates solar energy, and manufactures and markets chemicals. BP’s chemicals include terephthalic acid, acetic acid, acrylonitrile, ethylene and polyethylene. Get the most recent company news and stock data here >>
  • Marathon Oil Corporation (NYSE:MRO): The shares recently traded at $27.06, down $1.2, or 4.25%. Its market capitalization is $19.32 billion. They have traded in a 52-week range of $19.13 to $54.33. Volume today was 393,676 shares versus a 3-month average volume of 9,434,680 shares. The company’s trailing P/E is 6.23, while trailing earnings are $4.34 per share. The company pays a dividend of $0.60 per share for a dividend yield of 2.20%. About the company: Marathon Oil Corporation, through its subsidiaries, is an integrated oil firm with operations worldwide. The Company explores for and produces and markets liquid hydrocarbons and natural gas on a worldwide basis. Marathon also mines, extracts and transports bitumen from oil sands deposits in Alberta, Canada and refines, markets and transports crude oil and petroleum products. Get the most recent company news and stock data here >>

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