On Friday, Shares of Energy XXI Ltd. (NASDAQ:EXXI), lost -1.81% to $3.79.
Energy XXI, declared fiscal third-quarter 2015 results and offered an operations update on activities in the Gulf of Mexico.
“Production for the quarter was up due to the successful development drill and recompletion programs. Our capital spending remains focused on low-risk projects like the recompletion program at South Pass 78. That field alone is producing over 4,000 barrels of oil equivalent per day (BOE/d) as compared to the 2,100 BOE/d preceding to the initiation of the recompletion program,” Energy XXI Ltd Chairman, President and Chief Executive Officer John D. Schiller said. “We are focused on maintaining production relatively flat going forward with a disciplined capital program. Our lifting costs are down again quarter on quarter and we continue to focus on ways to achieve additional savings. Additionally, our successful placement of second-lien notes in March provides the needed liquidity to execute on our plan.”
Energy XXI (Bermuda) Limited is engaged in the acquisition, exploration, development, production, and operation of oil and natural gas properties onshore in Louisiana and Texas, and on the Gulf of Mexico. As of June 30, 2014, the company had proved reserves of 246.2 million barrels of oil equivalent.
Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL), inclined 5.47% to $72.45, during its last trading session.
Royal Caribbean Cruises, declared that it has reached a contract with Meyer Werft in Germany to order a fourth Quantum-class ship for delivery in 2019.
Based upon current ship orders, projected capital expenditures for full year 2015, 2016, 2017, 2018 and 2019 are $1.6 billion, $2.3 billion, $0.4 billion, $2.4 billion and $1.3 billion, respectively.
Capacity enhances for 2015, 2016, 2017, 2018 and 2019 are predictable to be 5.5%, 6.3%, 3.1%, 3.9% and 6.5%, respectively. These figures do not comprise potential ship sales or additions that the company may elect to make in the future.
The order is contingent upon the completion of customary conditions, counting financing.
Royal Caribbean Cruises, Ltd. operates as a cruise company. The company operates cruisers under the Royal Caribbean International, Celebrity Cruises, Pullmantur, Azamara Club Cruises, CDF Croisières de France, and TUI Cruises brand names.
At the end of Friday’s trade, Shares of U.S. Bancorp (NYSE:USB), gained 1.76% to $43.86.
Elavon, a leading global payments provider and partner of U.S. Bancorp, declared the promotion of Wally Mlynarski to senior vice president of global product and innovation. He will be responsible for overseeing the company’s global, cross-functional product development teams and for driving the rollout of innovative and industry-leading initiatives, counting mobile payment solutions, EMV migration and security solutions, to assist customers grow their businesses. Mlynarski will report to Brian Mahony, Elavon’s chief strategy officer.
Preceding to his new role, Mlynarski served as vice president of Elavon’s “The Grove” global innovation center, which launched in 2013 to harvest customer-centered innovation in payments and establish key partnerships with third party innovators. His responsibilities comprised of leading product development, architecture, quality assurance and user experience teams to develop omni-channel products for businesses of all sizes in the U.S. and Europe.
Mlynarski holds a bachelor’s of science degree in computer engineering from the Georgia Institute of Technology. He presently serves on the Metro Atlanta Chamber of Commerce Mobility Taskforce and is an active supporter of Georgia Tech and other universities in metro Atlanta where he resides with his wife and daughter.
U.S. Bancorp, a financial services holding company, provides a range of financial services in the United States. It offers depository services, which comprise checking accounts, savings accounts, and time certificate contracts; and lending services, such as traditional credit products, in addition to credit card services, leasing, financing and import/export trade, asset-backed lending, agricultural finance, and other products.
Finally, ArcelorMittal (NYSE:MT), ended its last trade with 2.63% gain, and closed at $10.53.
ArcelorMittal, declared results for the three month period ended March 31, 2015.
Highlights:
- Health and safety: LTIF rate of 0.88x in 1Q 2015 as contrast to 0.89x in 4Q 2014
- EBITDA of $1.4 billion in 1Q 2015 (counting $0.1 billion onerous contract provision), as compared to $1.8 billion in 1Q 2014
- Despite noteworthy forex headwinds, 1Q 2015 underlying steel-only EBITDA stable as compared to 1Q 2014.
- Net loss of $0.7 billion in 1Q 2015 (primarily forex driven) as contrast to a net loss of $0.2 billion in 1Q 2014
- Steel shipments of 21.6Mt, an enhance of 3% as contrast to 21Mt in 1Q 2014
- 6 Mt own iron ore production, an enhance of 5% as contrast to 14.8 Mt in 1Q 2014; 9.4 Mt shipped and stated at market prices as contrast to 9.3 Mt in 1Q 2014
- Iron ore unit cash costs down 13% YoY; FY 2015 cost reduction target raised to 15% (from 10% formerly)
- Net debt of $16.6 billion as of March 31, 2015 as contrast to $18.5 billion at March 31, 2014.
ArcelorMittal, together with its auxiliaries, operates as an integrated steel and mining company worldwide. The company operates through five segments: NAFTA; Europe; Brazil and Neighboring Countries (Brazil); Africa & Commonwealth of Independent States (ACIS); and Mining.
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