On Friday, Shares of Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR.A), added 2.23% and closed at $10.10 in the last trading session. The last trading range of the stock ranges between $9.94 and $10.22. Petróleo Brasileiro S.A. Petrobras operates as an integrated energy company in Brazil and internationally. Its Exploration and Production segment engages in the exploration, development, and production of crude oil, natural gas liquids, and natural gas; and sale of crude oil and oil products produced at natural gas processing plants in domestic and foreign markets. The companys Refining, Transportation and Marketing segment is involved in the refining, logistics, transport, and trading of crude oil and oil products, in addition to exports ethanol and invests in petrochemical companies. This segment also engages in the extraction and processing of shale. The companys Gas and Power segment engages in the transportation and trade of natural gas and liquid natural gas; generation and trade of electricity; holding interests in natural gas transportation and distribution, and thermoelectric power plants; and fertilizer business. Its Biofuels segment is involved in the production of biodiesel and its co-products, in addition to in the investment, production, and trading of ethanol, sugar, and the electric power generated from sugarcane bagasse.
ArcelorMittal SA (ADR) (NYSE:MT), jumped 0.98% and closed at $6.21 in the last trading session. The last trading range of the stock ranges between $6.17 and $6.35. The company’s Market capitalization is $19.45 Billion with the total Outstanding Shares of 2.14 billion. ArcelorMittal recently declares that its financial results for the three and nine month periods ended 30 September 2016 will be published on Tuesday, November 8, 2016, rather than the formerly planned date of Wednesday, November 9, 2016.
CSX Corporation (NASDAQ:CSX), lost -0.40% and closed at $31.02 in the last trading session. The last trading range of the stock ranges between $31.01 and $31.73. The company’s Market capitalization is $28.93 Billion with the total Outstanding Shares of 936.66 million. During the 52-week trading session the minimum price at which share price traded, registered at $21.33 and reached to max level of $31.73. CSX Corporation (CSX) recently declared third quarter 2016 net earnings of $455 million, or $0.48 per share, down from $507 million, or $0.52 per share, in the same period of last year.
“CSX continues to drive strong cost performance and efficiency in this dynamic market environment while meeting or surpassing customer expectations,” said Michael J. Ward, chairman and chief executive officer. “Our financial results demonstrate CSX’s ability to deliver value for shareholders and customers in the current business climate as we position the company to maximize opportunities in 2017 and beyond.”
Revenue for the quarter declined 8 percent, consistent with volume declines of 8 percent overall, counting coal volume declines of 21 percent. At the same time, expenses improved 7 percent in the quarter, mainly driven by $112 million of efficiency gains and $53 million of volume-related cost reductions.
As these cost savings partially offset the impact of lower volume and changing business mix, operating income declined 10 percent to $841 million and the operating ratio raised 70 basis points year-over-year to 69.0 percent.