HONG KONG, Feb. 17 /CNW/ - Today, www.WorldStreetFundamentals.com released its industry report highlighting petrochemical giants Exxon
Mobil Corporation (NYSE: XOM) and Chevron Corporation (NYSE: CVX).
Investors from around the world are invited to view fundamental and
technical analysis at www.WorldStreetFundamentals.com.
As an oil producer, Egypt remains a small contributor, producing a
little bit less than 1% of the world's total supply. Together, the
Suez-Mediterranean pipeline and the canal itself account for three
million barrels a day out of a total of about 88 million barrels
worldwide, representing 3.5% of world production. A closure of the
Suez-Canal would not represent disaster for major producers or index
According to the EIA, global oil demand is expected to grow at a healthy
rate this year, supported by the continued economic recovery. Average
global consumption growth over the next 2 years is likely to return to
rates seen before the onset of the global downturn in 2008. The
energy-monitoring body of 28 industrialized countries, International
Energy Agency (IEA), raised its 2010 and 2011 world oil demand outlook.
Impacts of global economic growth and frigid weather conditions in the
northern hemisphere were cited as major influences in expected numbers.
Upgrades in anticipated global oil demand for 2011 were also made by
the Organization of the Petroleum Exporting Countries (OPEC), an
intergovernmental organization that supplies around 40% of the world's
Exxon has raised its dividend every year since 1983, and currently pays
an annual dividend of 1.76 for a yield of around 2.20 percent.
Recently, the oil giant posted fourth quarter earnings of $1.85 per
share on $105.2 billion in revenue.
Exxon's industry peer, Chevron, presently pays an annual dividend of
2.88 for a yield of around 3.20 percent. The company said fourth
quarter net profit increased to $5.32 billion or $2.64 a share, from
$3.1 billion, or $1.53 a share, in the year-earlier period.
To view fundamental and technical analysis on these two industry leaders
we encourage investors to visit: www.WorldStreetFundamentals.com
About World Street
World Street Fundamentals is an online portal for professionals,
investors and new-comers to the markets to find in depth comprehensive
research and research tools to help guide you through the ever changing
financial markets around the world. Covering the top performers in the
hottest sectors and providing clarity to investors around the world.
SOURCE World Street Fundamentals
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