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Stock Market & Financial Investment News

News Breaks
February 4, 2013
07:33 EDTGEL, XOMGenesis Energy announces expansion of Gulf Coast terminal infrastructure
Genesis Energy, L.P. (GEL) plans to invest approximately $125M to improve existing assets and develop new infrastructure in Louisiana to connect into Exxon Mobil Corporation’s (XOM) Baton Rouge Refinery, one of the largest refinery complexes in North America with more than 500,000 barrels per day of refining capacity. The project is expected to generate positive economic benefits both for the community of Baton Rouge and the state of Louisiana. Genesis will improve its existing terminal at Port Hudson, Louisiana and build a new 18 mile 20” diameter crude oil pipeline connecting Port Hudson to the Maryland Terminal and continuing downstream to the Anchorage Tank Farm. The company also plans to build a new crude oil unit train facility at the Baton Rouge Maryland Terminal. At Port Hudson, Genesis will construct approximately 200,000 barrels of storage capacity to complement its 216,000 barrels of existing tank capacity and make improvements to its existing barge dock and truck station. Project construction is scheduled to begin in early 2013. The Port Hudson upgrades and new crude oil pipeline are expected to be completed by the end of 2013 and the Maryland Terminal completion is scheduled for 2Q14.
News For GEL;XOM From The Last 14 Days
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August 1, 2014
07:30 EDTXOMU.S. oil and gas companies paying less in taxes amid shale boom, WSJ says
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July 31, 2014
08:06 EDTXOMExxon Mobil reports Q2 Upstream earnings up $1.58B to $7.88B
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08:05 EDTXOMExxon Mobil reports Q2 EPS $2.05, consensus $1.86
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07:14 EDTGELGenesis Energy reports Q2 EPS from cont. ops. 24c, consensus 35c
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06:35 EDTXOMOil companies say Russia sanctions could be headwind, NY Times reports
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July 30, 2014
17:11 EDTGELEnterprise, Genesis complete crude oil pipeline in deepwater Gulf of Mexico
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15:40 EDTXOMNotable companies reporting before tomorrow's open
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07:43 EDTXOMWEX Inc. sees FY14 adjusted EPS $4.84-$4.99, consensus $4.87
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July 28, 2014
07:14 EDTXOMExxon mulls broadening Texas plant into largest in country, Reuters says
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July 25, 2014
10:02 EDTXOMOn The Fly: Analyst Downgrade Summary
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05:41 EDTXOMExxon Mobil downgraded to Underweight from Equal Weight at Barclays
Barclays downgraded its rating on Exxon Mobil (XOM) shares to Underweight from Neutral citing a lack of near-term production growth and the high oil price environment. The firm sees limited upside in shares, but did raise its price target to $105 from $100. Shares of the oil giant closed yesterday up 3c to $104.28.
July 21, 2014
13:36 EDTXOMExxon Mobil files export application for Alaska LNG project
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