1. Yahoo Finance (Reuters) S. Valle 5.1.23 said
"(Reuters) - Exxon Mobil Corp on Wednesday signaled another strong operational profit of about $15.4 billion in its fourth quarter, pushing it toward a record profit for all of 2022...
High international oil and natural gas prices last year generated record earnings among all oil majors. Exxon benefited the most after doubling down on oil during the pandemic as European rivals shifted to renewable energy projects. Its shares jumped 80% in 2022, outrunning rivals".
https://finance.yahoo.com/news/exxon-signals-strong-q4-profit-000955970.html
China is the world's biggest fossil fuels' importer- but its widespread &severe lengthy lockdowns/zero covid policy (which was abandoned 4 weeks ago) caused its economy to decline, & become moribund; &, therefore, its fossil fuels' energy imports in 2022 were reduced by 22% (its lowest energy imports in 20 years).
Most Energy Industry Analysts expect the Chinese economy to strengthen significantly in mid 2023 (They state massive covid outbreaks/fear/huge numbers of infected workers being absent from work etc. will result in China's economy having a slow revival).
The record Exxon profit, together with the nascent Chinese economic revival/probable BOOM in fossil fuels' imports in mid 2023- & now, claims (below link) China is making "conciliatory gestures...rare effusive praise of Americans by China's new Foreign Minister"- ?!) bode very well for WHC- & a significant rise, IMO, in WHC's SP.
2. Yahoo Finance (Bloomberg) J. Yu & J. Cheng 5.1.23 said"China Markets Start 2023 With a Bang as Policy Shift Hastens
(Bloomberg) -- Chinese shares are off to a strong start in 2023, putting behind a dismal year as fears of isolationist policies give way to signs of an economic powerhouse turning friendlier to both the outside world and its own entrepreneurs...
Other conciliatory gestures from Beijing — from discussions of plans to resume some imports of AUSTRALIAN COAL (my emphases) after a more than two-year ban to the rare effusive praise of AMERICANS (interesting- my word) by China’s new foreign minister, brought relief to investors wary of years of geopolitical tensions".
https://finance.yahoo.com/news/china-markets-kick-off-2023-100539072.html
1. Yahoo Finance (Reuters) S. Valle 5.1.23 said"(Reuters) -...
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Last
$7.63 |
Change
0.010(0.13%) |
Mkt cap ! $6.383B | |||
| Open | High | Low | Value | Volume |
| $7.49 | $7.65 | $7.43 | $26.82M | 3.533M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 30420 | $7.62 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.64 | 32900 | 5 |
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| Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
| WHC (ASX) Chart |