Jon Rigby

An Exxon Mobil Corporation (NYSE: XOM) securities filing that previews disappointing profits in its upcoming third-quarter report thanks to lower oil and gas prices pushed the stock down on Wednesday. ExxonMobil’s 8-K filing gave a preliminary hint about third-quarter results, and said the...

Chevron Corporation (NYSE: CVX) reported a fourth-quarter earnings beat and record oil & gas production. Lower expenses helped trigger a 20 percent rise in EPS to $1.95, but quarterly revenue of $42.35 billion came up short of consensus estimates of $46.13 billion. Several Wall Street analysts...

Exxon Mobil Corporation (NYSE: XOM) continues to underperform its domestic and international peers, and 2017 is no exception with shares down 11 percent year-to-date. The oil giant is receiving a boost, however, due to an upgrade from UBS, which lifted its rating on Exxon from Sell to Neutral. The...

In a new report, UBS analyst Jon Rigby updated the firm’s outlook for the global oil markets, including predictions for when the market will begin to recover. According to Rigby, the market is now on course to reach a balance by 2017. He noted that the nearly 40 percent rally in WTI since the...