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$CVX announced a $26.6Bil capital and exploratory investment program for 2016. Included in the 2016 program are $4.5Bil of planned expenditures by affiliates. The 2016 budget is 24% lower than total expected investments for 2015. For Upstream, about $9Bil of planned capital spending is for existing base producing assets.
Visa ($V) set to release it earning after market close today. With new CEO resigning so close to the earnings, should we expect to see any surprises? Visa has been making strong moves with Visa Europe acquisition, partnership with PayPal and a 15% increase if quarterly dividends.
Kimberly Clark Corp ($KMB) has been in decline for most of the year, the stock has also not been getting any analyst love. Will today’s earnings break the trend? Revenue has been up and down in the last four quarters, let us see what this quarter brings.
$KMB down close to 4% after it misses on earnings and revenue. Forecasts are lower for the year.