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$XOM's production on oil-equivalent basis for 2Q16 was essentially flat with last year. Liquids production rose 39,000 barrels per day to 2.3MM barrels per day. Project ramp-up was partly offset by field decline and downtime mainly resulting from Canadian wildfires. Natural gas production fell 388MM cubic feet per day to 9.8Bil cubic feet per day.
The U.S. Treasury will be receiving $10 billion as dividends from the combined government-backed mortgage giants Fannie Mae and Freddie Mac. This is a sign that a recovered housing market is allowing the once-ailing firms to subsidize federal government spending.
$CSCO shift from hardware to becoming a software behemoth seems to be working for the company so far. Stock has seen a steady rise since the change. But is it sustainable?
Heard about the next generation iPhone. Going by the reports, it is believed that $AAPL will release three iphones this year.
Samsung chief Jay Y. Lee arrested under $36 million bribery charges. Stocks are also down. This is going to impact the sale of its Galaxy 8, set for April release. Here’s an opportunity for $AAPL to capitalize on a rival’s fall.