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Stock Market & Financial Investment News

News Breaks
August 12, 2014
07:46 EDTJEC, XOMJacobs 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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September 19, 2014
13:44 EDTXOMSources say Exxon Mobil's Torrance, CA, refinery up for sale, Reuters reports
According to sources, Exxon Mobil's 15,000 barrel per day Torrance, California, refinery is up for sale, Reuters reports. One source notes that the refinery "has been looked at extensively." An Exxon spokesman says the company is committed to conducting business in California and would not comment on a potential sale. Reference Link
11:52 EDTXOMExxon Mobil releases staement on Treasury Department sanctions on Russia
ExxonMobil announced that it is complying with all U.S. sanctions. The company said, "The U.S. Treasury Department, recognizing the complexity of the University-1 well and the sensitive Kara Sea arctic environment, has granted a license to ExxonMobil and other U.S. contractors and persons involved to enable the safe and responsible winding down of operations related to this exploration well. The license recognizes the need to protect the safety of the individuals involved in these operations as well as the risk to the environment. All activities related to the wind down will proceed as safely and expeditiously as possible."
September 18, 2014
18:21 EDTXOMExxon Mobil suspends Arctic oil drilling due to sanctions, Bloomberg reports
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17:08 EDTXOMExxon Mobil continues to increase Wolfcamp Position in Permian Basin
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17:04 EDTXOMLINN Energy, LinnCo announce Permian-California trade with Exxon Mobil
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September 16, 2014
10:47 EDTXOMBadri sees OPEC lowering oil output target at next meeting, Reuters says
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07:47 EDTJECJacobs Engineering ups ownership in Jacobs ZATE
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07:46 EDTJECJacobs Engineering awarded contract option at NASa Marshall Space Flight Center
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07:19 EDTXOMCompanies' share buybacks at fasttest clip since 2007, WSJ reports
Companies are buying back their own shares at its fastest pace since the financial crisis to fuel a stock rally, reports the Wall Street Journal. According to Birinyi Associates, companies have bought back $338.3B of stock in 1H14, the most since 2007. Citing an analysis by Barclays, companies with the largest buyback programs by dollar value have outperformed the broader market by 20% since 2008. Reference Link
September 12, 2014
07:28 EDTXOMExxon Mobil at risk from sanctions on Russia, WSJ says
New sanctions enacted by the U.S. and the EU against Russia over the ongoing conflict in Ukraine threaten one of Exxon Mobil's best chances to find and tap significant amounts of crude oil via its partnership with Russia's state-owned oil company OAO Rosneft, said The Wall Street Journal. A U.S. official said the new sanctions would affect Exxon's current drilling in the Kara Sea with Rosneft, though the extent of the impact was unclear, the Journal added. Reference Link
September 10, 2014
08:22 EDTXOMBofA/Merrill oil and gas analysts hold an analyst/industry conference call
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September 9, 2014
07:45 EDTJECJacobs Engineering receives contract extension from EDF Energy
Jacobs Engineering Group announced that its contract to provide project services to EDF Energy for its eight nuclear power station sites in the United Kingdom has been extended. Company officials did not disclose the contract value, but noted that the contract is extended by 12 months with an option for a further 12 months. Jacobs is providing a range of project services to support EDF Energy’s program of maintenance and life extension projects at the stations. EDF Energy’s eight stations have a combined capacity of almost 8.8 million kilowatts, making it the UK’s largest generator of low carbon electricity.
September 5, 2014
11:20 EDTJECJacobs joint venture selected by FDOT
Jacobs Engineering announced today its joint venture with HDR is part of the I-4 Mobility Partners team selected by the Florida Department of Transportation to deliver the I-4 Ultimate Project in Orange and Seminole Counties, Florida. I-4 Mobility Partners is comprised of Skanska Infrastructure Development and John Laing, Skanska, Granite, Lane Construction Joint Venture, and HDR and Jacobs as the Design Joint venture. Under the terms of the contract, the HDR/Jacobs joint venture is delivering final design of the project, including roadway/traffic control, drainage, structures, intelligent traffic systems, signing and signalization, lighting, landscaping and aesthetics. The $2.32B I-4 Ultimate project includes the reconstruction of 21 miles of I-4, reconstructing 15 major interchanges, constructing more than 140 bridges, adding four variable priced toll express lanes in the median, and completely rebuilding the general use lanes along the entire corridor. The project is being procured by FDOT as a public-private partnership.

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