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Stock Market & Financial Investment News

News Breaks
February 1, 2014
12:12 EDTXOM, IMOImperial Oil's production growth could drive shares higher, Barron's says
Imperial Oil's (IMO) is an attractive way to play North American energy companies as its increased production growth could drive the stock higher, Barron's contends in a feature article. 70% of the company is owned by ExxonMobil (XOM), the paper adds. Reference Link
News For IMO;XOM From The Last 14 Days
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May 22, 2015
10:21 EDTXOMExxon Mobil says media reports on Iran sanctions lobbying inaccurate
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May 20, 2015
13:15 EDTXOMExxon Mobil announces significant oil discovery offshore Guyana
Exxon Mobil announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet in 5,719 feet of water. Stabroek Block is 6.6M acres. The well was spud on March 5. The well data will be analyzed in the coming months to better determine the full resource potential. Esso Exploration and Production Guyana Ltd. holds 45% interest. Hess Guyana Exploration Limited holds 30% interest and CNOOC Nexen Petroleum Guyana Limited holds 25% interest.
May 17, 2015
18:17 EDTIMOImperial Oil begins auction for 500 Esso gas stations, Reuters says
Imperial Oil (IMO) has begun accepting bids for 500 of its Esso retail sites, Reuters reported Friday, citing four sources familiar with the process. The report notes that the assets could be worth over $831M, and sources said CST Brands (CST) has expressed interest. Sources added that Imperial has split the 500 stations into several packages, and bidders are free to pursue the assets in part or in whole. Reference Link
May 15, 2015
06:44 EDTXOMEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 11, 2015
13:28 EDTXOMOPEC sees oil at around $76 a barrel in 2025, WSJ says
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10:01 EDTIMO, XOMExxon Mobil announces Cold Lake project expansion begins production on schedule
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