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Stock Market & Financial Investment News

News Breaks
August 12, 2014
07:46 EDTXOM, JECJacobs receives contract from Exxon Mobil
Jacobs Engineering (JEC) announced that it was awarded a contract from ExxonMobil (XOM)Chemical to provide engineering, procurement and construction services as part of a multi-billion dollar ethane cracker project in ExxonMobil’s Baytown, Texas complex and associated premium product facilities in Mont Belvieu, Texas. Company officials did not disclose the contract value. Under the terms of the contract, Jacobs is providing site enabling works and interconnections services for the two sites. Jacobs’ scope of work includes site preparation of 350 acres for the ethane cracker in Baytown and 100 acres for the product facilities in Mont Belvieu.
News For JEC;XOM From The Last 14 Days
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August 28, 2015
13:31 EDTXOMExxon Mobil volatility elevated as WTI oil rally's 7% to $45
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August 27, 2015
09:09 EDTXOMExxon Mobil volatility elevated as shares trade near four-year low
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August 25, 2015
13:24 EDTXOMJudge approves $225M settlement in Exxon Mobil pollution case, AP says
A Superior Court judge has approved a $225M settlement between the state of New Jersey and Exxon Mobil related to pollution at oil refineries and retail gas stations, saying the deal is less than the $8.9B originally sought by the state but still a "reasonable compromise," reports the Associated Press. Reference Link
August 23, 2015
17:49 EDTXOMIran to increase oil production as BP, Shell express interest, Bloomberg says
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August 21, 2015
16:01 EDTXOMOptions Update; August 21, 2015
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August 20, 2015
06:10 EDTXOMAuction for drilling leases attracts little interest, NY Times reports
A federal auction for drilling leases in the Gulf of Mexico Wednesday attracted only $22.7M in sales from five companies, the lowest since 1986, reports the New York Times. Most companies have insisted they would not sacrifice production in future years, but executives have recently expressed concern that the oil price collapse could last through 2016 and possibly even 2017. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
August 19, 2015
16:00 EDTXOMOptions Update; August 19, 2015
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07:33 EDTJECUBS holds a field trip
Investor Field Trip travels to Pasadena and Los Angeles on August 19.
August 17, 2015
08:11 EDTXOMExxon Mobil volatility flat as oil trades near six-year low
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August 14, 2015
06:37 EDTXOMExxon Mobil eyes using old, damaged equipment at Torrance plant, LA Times says
Exxon Mobil has asked air quality officials to let it boost refining operations at its Torrance facility, the LA Times reports. The move comes as Los Angeles-area gas prices increased approximately 6c as a result of refinery woes, the report says. The company's plan includes using an old pollution-control system to temporarily replace one that was damaged in a February explosion, the report says. The equipment is expected to release pollutants at illegal levels, though the proposal includes steps to help reduce emissions, the report says. Reference Link

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