Here are some more briefs which will affect stock prices as the day’s trading continues. The following companies should see some movement: BP plc (NYSE:BP), Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).
Here is a more detailed look at the news that will affect each company when trading continues.
BP plc (NYSE:BP)
BP announced that a new well cap could finally stop the oil leak that has been flowing into the Gulf of Mexico for the last 12 weeks.
Testing is expected to start today and will last an estimated 6-48 hours, depending on conditions. Partly on this news, BP plc (NYSE:BP) shares have rebounded 42 percent since the end of June.
Exxon Mobil Corporation (NYSE:XOM)
As part of the terms of the recent buyout of XTO Energy by Exxon Mobil Corporation (NYSE:XOM) XTO was required to offer to purchase senior notes coming due in the next three years.
These include some 7.5 percent notes due in 2012 and some 6.25 percent notes due in 2013, though the dollar amount of the debt has not been disclosed by the either party.
Chevron Corporation (NYSE:CVX)
Things are looking good at Chevron Corporation (NYSE:CVX) as the company reports higher margins in its refining operations than originally expected.
That coupled with a stronger US dollar have put the company on the road to an upward earnings revision. Look for positive moves in Chevron Corporation (NYSE:CVX) shares as trading continues throughout the week.
There will probably be more movement when trading continues for BP plc (NYSE:BP), Exxon Mobil Corporation (NYSE:XOM) and Chevron Corporation (NYSE:CVX).
