We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Major Energy Players Collaborate to Curb Methane Emission
Read MoreHide Full Article
Many energy players are teaming up to curb methane emission, in order to ward off global warming. As per a recent news, three leading integrated energy players — Royal Dutch Shell plc and BP plc (BP - Free Report) and ExxonMobil Corporation (XOM - Free Report) — have joined hands for the same purpose.
Earlier, Royal Dutch Shell and BP have collaborated with other oil majors for similar industry-wide cooperation on environmental issues. However, ExxonMobil has not been active in such campaigns led by its European peers. Other players like Total SA and Statoil ASA are also supporting the collaboration of BP and Royal Dutch Shell.
The group aims to support and drive values that will help in cutting methane emissions from natural gas production, transportation and utilization. The new initiatives are expected to be announced soon.
Recently, ExxonMobil has been actively involved in implementing climate change policies, thanks to tremendous pressure from investors and environmentalists. The primaryobjectivesinclude the restriction of greenhouse gas emissions, reduction in global warming, appointment of a climate expert on the board, reports on fracking activities and climate change impact assessments.
As a result, the company has increased climate-related disclosures. These disclosures include affirmation ofthe company’spledge to the Paris climate agreement, inclusion of an environmental expert to its board and to decrease emissions from its operations. However, ExxonMobil isavoiding shareholders’ request for additional information regarding the impact ofclimate change its operations.
Methane and its Impact on Environment
Similarinitiatives by the industry have had a widespread impact. The new attempt is targeting to reduce the utilization of methane, another so-called greenhouse gas that is the key constituent of natural gas.
Notably, lesser amount of carbon dioxide is released during the burning of natural gas compared to oil or coal. However, unburnt methane can escape into the atmosphere during the production process, thanks to, leaks.
Per a recent International Energy Agency study,oil and gas operations worldwide release about 76 million tons of methane per year, which is more than the entire natural gas output of Australia.
ExxonMobil also launched a plan to restrain methane emissions from its onshore assets in the United States. The company plans to replace old equipments with updated technology.
Details
The replacement plan is a three-year program. The outdated natural gas-powered pneumatic pumps are more prone to methane leaks. ExxonMobil will replace the obsolete parts with compressed air-powered pumps, which will provide the appropriatepressure and temperature regulation.
ExxonMobil will also focus on employee training to reduce methane emissions. The company plans to study the use of satellites, drones and other relevant equipment in controlling future leakages. The company's ally, National Oceanic and Atmospheric Administration may help the company with drones for detecting methane.
A major exploration and production company, BP, delivered an average positive earnings surprise of 26.80% in the last four quarters.
ExxonMobil is world’s largest publicly traded oil company, engaged in oil and natural gas exploration and production, petroleum products refining and marketing, chemicals manufacture, and other energy-related businesses. It posted an average positive earnings surprise of 8.81% in the last four quarters.
Royal Dutch Shell is involved in all phases of the petroleum industry from exploration to final processing and delivery. The company delivered a positive earnings surprise of 18.07% in the preceding quarter.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
Image: Bigstock
Major Energy Players Collaborate to Curb Methane Emission
Many energy players are teaming up to curb methane emission, in order to ward off global warming. As per a recent news, three leading integrated energy players — Royal Dutch Shell plc and BP plc (BP - Free Report) and ExxonMobil Corporation (XOM - Free Report) — have joined hands for the same purpose.
Earlier, Royal Dutch Shell and BP have collaborated with other oil majors for similar industry-wide cooperation on environmental issues. However, ExxonMobil has not been active in such campaigns led by its European peers. Other players like Total SA and Statoil ASA are also supporting the collaboration of BP and Royal Dutch Shell.
The group aims to support and drive values that will help in cutting methane emissions from natural gas production, transportation and utilization. The new initiatives are expected to be announced soon.
Recently, ExxonMobil has been actively involved in implementing climate change policies, thanks to tremendous pressure from investors and environmentalists. The primaryobjectivesinclude the restriction of greenhouse gas emissions, reduction in global warming, appointment of a climate expert on the board, reports on fracking activities and climate change impact assessments.
As a result, the company has increased climate-related disclosures. These disclosures include affirmation ofthe company’spledge to the Paris climate agreement, inclusion of an environmental expert to its board and to decrease emissions from its operations. However, ExxonMobil isavoiding shareholders’ request for additional information regarding the impact ofclimate change its operations.
Methane and its Impact on Environment
Similarinitiatives by the industry have had a widespread impact. The new attempt is targeting to reduce the utilization of methane, another so-called greenhouse gas that is the key constituent of natural gas.
Notably, lesser amount of carbon dioxide is released during the burning of natural gas compared to oil or coal. However, unburnt methane can escape into the atmosphere during the production process, thanks to, leaks.
Per a recent International Energy Agency study,oil and gas operations worldwide release about 76 million tons of methane per year, which is more than the entire natural gas output of Australia.
ExxonMobil also launched a plan to restrain methane emissions from its onshore assets in the United States. The company plans to replace old equipments with updated technology.
Details
The replacement plan is a three-year program. The outdated natural gas-powered pneumatic pumps are more prone to methane leaks. ExxonMobil will replace the obsolete parts with compressed air-powered pumps, which will provide the appropriatepressure and temperature regulation.
ExxonMobil will also focus on employee training to reduce methane emissions. The company plans to study the use of satellites, drones and other relevant equipment in controlling future leakages. The company's ally, National Oceanic and Atmospheric Administration may help the company with drones for detecting methane.
Zacks Rank
Currently, BP sports a Zacks Rank #1 (Strong Buy), while ExxonMobil carries a Zacks Rank #2 (Buy). Shell has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
A major exploration and production company, BP, delivered an average positive earnings surprise of 26.80% in the last four quarters.
ExxonMobil is world’s largest publicly traded oil company, engaged in oil and natural gas exploration and production, petroleum products refining and marketing, chemicals manufacture, and other energy-related businesses. It posted an average positive earnings surprise of 8.81% in the last four quarters.
Royal Dutch Shell is involved in all phases of the petroleum industry from exploration to final processing and delivery. The company delivered a positive earnings surprise of 18.07% in the preceding quarter.
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.
See Them Free>>