Energy News: Chesapeake Energy Corporation (CHK) CEO’s Email & Exxon Mobil Corporation (XOM), Dividend Champion?

Page 1 of 2

Editor’s Note: Related tickers: Chesapeake Energy Corporation (NYSE:CHK), Exxon Mobil Corporation (NYSE:XOM), Royal Dutch Shell plc (ADR) (NYSE:RDS.B), Anadarko Petroleum Corporation (NYSE:APC), Chevron Corporation (NYSE:CVX), ConocoPhillips (NYSE:COP)

Chesapeake Energy Corporation (NYSE:CHK)Former Chesapeake Energy CEO’s New Company on the Prowl (247WallSt)
You can’t keep a good landman down — and there probably never has been a more successful landman than Aubrey McClendon, founder and former CEO of Chesapeake Energy Corporation (NYSE:CHK). Since being fired as the company’s CEO in April, McClendon has ginned up his own company, American Energy Partners LP, and reportedly raised a stake of $1 billion to go out shopping for new properties. A report at Upstream Online claims that McClendon’s new company has put in the highest bid for 50,000 acres in Ohio’s Utica shale play that Royal Dutch Shell plc (ADR) (NYSE:RDS.B) is selling. The acreage is fragmented and is said to be part of a still unproven oil play in the region.

Exxon Mobil Corp. Rating Reiterated by TheStreet (XOM) (WatchListNews)
Exxon Mobil Corporation (NYSE:XOM)‘s stock had its “buy” rating reaffirmed by equities researchers at TheStreet in a research report issued on Friday, Analyst Ratings.Net reports. The analysts wrote, “Exxon Mobil Corporation (NYSE:XOM) has been reiterated by TheStreet Ratings as a buy with a ratings score of A. The company’s strengths can be seen in multiple areas, such as its attractive valuation levels, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”

Four more Chesapeake executives leave company (BusinessWeek)
Four more top executives at Chesapeake Energy Corporation (NYSE:CHK) have left the Oklahoma City-based company, new CEO Doug Lawler said told employees in an email Monday. The Daily Oklahoman, which reported the news, said the departures include Chief Operating Officer Steve Dixon, who served as interim CEO after the April resignation of co-founder Aubrey McClendon. Lawler, previously with Anadarko Petroleum Corporation (NYSE:APC), was named CEO in June.

Exxon Mobil Corporation (XOM) – An Undervalued Dividend Machine (iStockAnalyst)
Exxon Mobil Corporation (NYSE:XOM) engages in the exploration and production of crude oil and natural gas, and manufacture of petroleum products, as well as transportation and sale of crude oil, natural gas, and petroleum products. This dividend champion has paid dividends since 1911 and increased distributions on its common stock for 31 years in a row. The company’s last dividend increase was in April 2013 when the Board of Directors approved a 10.50% increase to 63 cents/share. The company’s largest competitors include Chevron Corporation (NYSE:CVX), British Petroleum (BP) and Royal Dutch Shell plc (ADR) (NYSE:RDS.B). In late 2012, I replaced Exxon Mobil Corporation (NYSE:XOM) with a position in ConocoPhillips (NYSE:COP).

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!