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)
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).
Chesapeake Energy Corp. Given New $30.00 Price Target at Oppenheimer (CHK) (WatchListNews)
Equities research analysts at Oppenheimer boosted their target price on shares of Chesapeake Energy Corporation (NYSE:CHK) from $24.00 to $30.00 in a research note issued to investors on Thursday, ARN reports. The firm currently has an “outperform” rating on the stock. Oppenheimer’s price target indicates a potential upside of 20.05% from the stock’s previous close. Shares of Chesapeake Energy Corporation (NYSE:CHK) opened at 24.99 on Thursday. Chesapeake Energy Corporation (NYSE:CHK) has a 1-year low of $16.23 and a 1-year high of $25.64. The stock’s 50-day moving average is $22.72 and its 200-day moving average is $20.95. The company’s market cap is $16.230 billion.
Secrets of the new Exxon Mobil campus: Giant floating cube, basketball court and personal A/C (CultureMap)
More details are emerging on the 385-acre mega campus that Exxon Mobil Corporation (NYSE:XOM) is building along the Hardy Toll Road 25 miles north of downtown Houston. Beginning next year, 10,000 employees will be divided into 20 buildings to consolidate the company’s operations that are scattered in Houston, Virginia and other locations. With the campus described as “one of the largest commercial construction projects underway in North America” by project executive Jim Hennessy, the current issue of Exxon Mobil Corporation (NYSE:XOM)’s shareholder newsletter The Lamp reveals the project’s massive scope. “During a typical day, we have about 3,000 workers on site, 16 tower cranes and hundreds of pieces of mobile construction equipment,” Hennessy noted.
Chesapeake Energy’s New CEO Restructures Senior Staff (StateImpact)
Chesapeake Energy Corporation (NYSE:CHK)’s new CEO is shaking up the company’s senior staff, according to the Wall Street Journal. Chief Executive Doug Lawler sent an email to staff this week saying the restructuring would allow the company to be “more competitive and focused.” …Chesapeake is the second-largest natural gas producer in the United States and the most active gas driller in Pennsylvania.
