Exxon Mobil News
News on Exxon Mobil (Ticker: XOM) continually updated from thousands of sources around the net.
22 hrs ago | The Motley Fool
Will the company's decision pay off? Exxon plans to cut spending In a presentation on Wednesday, Exxon said it would reduce exploration and capital spending to about $39.8 billion this year, down from $42.5 billion last year, and expects its oil and natural gas production this year to be flat.
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Yesterday | Seeking Alpha
It is not often I take issue with an article on Seeking Alpha that sports an opinion that I tend to agree with to a degree.
As of 3:30 p.m. EST, the Dow was still up 17 points, but the broader market turned downward slightly as traders appeared reluctant to hold onto their positions going into the weekend.
Canacol has tested up to 590 bopd from the high-impact MA-1 La Luna shale-oil well where the company is partnered with ExxonMobil.
Most national headlines focused on the fact that the water would be used for hydraulic fracking, reveling in the irony that Tillerson, the CEO of Exxon Mobil Corp. , would oppose that near his home.
Construction will begin soon on a large tract near Interstate 45 in Conroe, fulfilling a growing demand for single-family homes near the new Exxon Mobil Corp. campus.
ExxonMobil has been a very frustrating stock to own since the XTO takeover. While the price of domestic natural gas has been abnormally low for years, it alone cannot explain the severe under performance of XOM during the current bull market.
Kazakhstan's government is suing foreign oil companies developing its huge Kashagan oilfield in the Caspian Sea, a tactic used earlier in securing the government large stakes in two of the three multinational energy projects on its territory.
Misao Okawa, planet Earth's oldest person, yesterday entered her 117th year in fine fettle.
Some buybacks create shareholder value and some function merely to prop up a failing stock.
The Dow Jones Industrial Average is one of the oldest blue-chip indexes in existence at more than 100 years old.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Energy Select Sector SPDR Fund , which added 6,150,000 units, or a 6.4% increase week over week.
Irving-based Exxon Mobil Corp. has put its offshore natural gas prospect in the Ukraine on hold, but is moving forward with large-scale investments in Russia, company officials said March 4. The move in the Ukraine comes because of the political unrest there, Exxon officials told analysts, the Dallas Morning News reported.
Meanwhile, Dow component and energy supermajor ExxonMobil announced yesterday it is reducing its capital spending program in a continued effort to focus on profitability and returns on invested capital.
The firm set a "neutral" rating on the stock. The analysts noted that the move was a valuation call.
The firm currently has a "sector outperform" rating on the stock. Howard Weil's price objective would suggest a potential upside of 14.07% from the company's current price.
Iraq is reclaiming its rank as the world's fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road.