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The Zacks Analyst Blog Highlights: ExxonMobil, Valero, Chevron and Total
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For Immediate Release
Chicago, IL – October 4, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include ExxonMobil Corporation (NYSE: (XOM - Free Report) – Free Report), Valero Corporation (NYSE: (VLO - Free Report) – Free Report), Chevron Corp. (NYSE: (CVX - Free Report) – Free Report) and Total SA (NYSE: – Free Report).
Per the S&P Global Platts ranking of the top financial performers of the year, U.S. oil giant ExxonMobil Corporation (NYSE: XOM – Free Report) was pushed down to the ninth spot from its top position. In fact, only two domestic companies could sustain their position in the Top 10 list of the biggest financial performers.
Valero Corporation (NYSE: VLO – Free Report), an independent refiner in the United States secured the #8 position, down from #3 last year. Another U.S. company that had a massive rank fall was Chevron Corp. (NYSE: CVX – Free Report), down to #121 from #17 last year.
Russian energy company Gazprom dethroned ExxonMobil for #1 in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings. Last year, Gazprom had secured the #3 slot.
Platts ranks company’s financial performance based on four parameters – asset worth, revenues, profits and return on invested capital. The companies on the list also need to have assets greater than $5.5 billion.
Reasons for Gazprom #1
An energy economist explains that government support might have been a big factor that has led to the change in the rankings. The Russian government owns the majority share in Gazprom. Also, Gazprom’s #1 spot is significant of management's endeavor to combat low oil and gas prices, bans from low interest rate credit in Europe and its position as the EUs leading foreign supplier of natural gas, a market where the United States is seeking expansion opportunities.
Other Exceptions Seen in This Year’s Rankings
Per S&P Global Platts, the major changes in the rankings this year might have been due to the significant upheavals in the energy sector. This includes the volatility in the oil prices for three years in a row. Conventionally, the list of toppers includes integrated oil companies.
However, this year we witnessed utilities and pipeline companies holding the top spots. This can be explained as the oil price volatility doesn’t essentially impact utilities and pipeline companies. The revenue for regulated utilities remain relatively firm. Similarly, pipeline companies also usually enter into long-term contracts with fairly rigid pricing.
Some oil companies proved the exception by moving up as they made more investments in pipelines. One such company was French oil giant Total SA (NYSE: TOT – Free Report), which climbed to #10 from #12. It returned to the top 10 after a two-year hiatus due to remarkable investments in the U.S. natural gas.
Other noteworthy jumps made by some companies include S&P German utility E.ON, which climbed to No.2 from No.114. British utility Centrica leaped to #15 from #156.
Will the Trend Continue?
Per the analyst with Platts, the recent phenomenon is likely to be temporary. Last year, the United States removed a 40-year old ban on crude oil exports as part of its efforts to compete with some members of the Organization of Petroleum Exporting Countries (OPEC) as exporters by 2020. This might help U.S oil giants regain their previous positions.
Platts believes that Gazprom's role in the European natural gas market facilitated it to jump up to #1. About 20% of European natural gas needs are supplied by Gazprom and some European companies have invested its planned expansion of the Nord Stream pipeline through the Baltic Sea, despite some European governments combating it because of anti-trust concerns.
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With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: ExxonMobil, Valero, Chevron and Total
For Immediate Release
Chicago, IL – October 4, 2017 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include ExxonMobil Corporation (NYSE: (XOM - Free Report) – Free Report), Valero Corporation (NYSE: (VLO - Free Report) – Free Report), Chevron Corp. (NYSE: (CVX - Free Report) – Free Report) and Total SA (NYSE: – Free Report).
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Tuesday’s Analyst Blog:
Russian Energy Firm Takes #1 Spot from Exxon
Per the S&P Global Platts ranking of the top financial performers of the year, U.S. oil giant ExxonMobil Corporation (NYSE: XOM – Free Report) was pushed down to the ninth spot from its top position. In fact, only two domestic companies could sustain their position in the Top 10 list of the biggest financial performers.
Valero Corporation (NYSE: VLO – Free Report), an independent refiner in the United States secured the #8 position, down from #3 last year. Another U.S. company that had a massive rank fall was Chevron Corp. (NYSE: CVX – Free Report), down to #121 from #17 last year.
Russian energy company Gazprom dethroned ExxonMobil for #1 in the 2017 S&P Global Platts Top 250 Global Energy Company Rankings. Last year, Gazprom had secured the #3 slot.
Platts ranks company’s financial performance based on four parameters – asset worth, revenues, profits and return on invested capital. The companies on the list also need to have assets greater than $5.5 billion.
Reasons for Gazprom #1
An energy economist explains that government support might have been a big factor that has led to the change in the rankings. The Russian government owns the majority share in Gazprom. Also, Gazprom’s #1 spot is significant of management's endeavor to combat low oil and gas prices, bans from low interest rate credit in Europe and its position as the EUs leading foreign supplier of natural gas, a market where the United States is seeking expansion opportunities.
Other Exceptions Seen in This Year’s Rankings
Per S&P Global Platts, the major changes in the rankings this year might have been due to the significant upheavals in the energy sector. This includes the volatility in the oil prices for three years in a row. Conventionally, the list of toppers includes integrated oil companies.
However, this year we witnessed utilities and pipeline companies holding the top spots. This can be explained as the oil price volatility doesn’t essentially impact utilities and pipeline companies. The revenue for regulated utilities remain relatively firm. Similarly, pipeline companies also usually enter into long-term contracts with fairly rigid pricing.
Some oil companies proved the exception by moving up as they made more investments in pipelines. One such company was French oil giant Total SA (NYSE: TOT – Free Report), which climbed to #10 from #12. It returned to the top 10 after a two-year hiatus due to remarkable investments in the U.S. natural gas.
Other noteworthy jumps made by some companies include S&P German utility E.ON, which climbed to No.2 from No.114. British utility Centrica leaped to #15 from #156.
Will the Trend Continue?
Per the analyst with Platts, the recent phenomenon is likely to be temporary. Last year, the United States removed a 40-year old ban on crude oil exports as part of its efforts to compete with some members of the Organization of Petroleum Exporting Countries (OPEC) as exporters by 2020. This might help U.S oil giants regain their previous positions.
Platts believes that Gazprom's role in the European natural gas market facilitated it to jump up to #1. About 20% of European natural gas needs are supplied by Gazprom and some European companies have invested its planned expansion of the Nord Stream pipeline through the Baltic Sea, despite some European governments combating it because of anti-trust concerns.
Will You Make a Fortune on the Shift to Electric Cars?
Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
See This Ticker Free >>
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
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Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year.See these high-potential stocks free >>.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.