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Stock Market & Financial Investment News

News Breaks
June 19, 2014
08:05 EDTXOM, JECExxon Mobil Chemical begins multi-billion dollar expansion project
ExxonMobil (XOM) Chemical announced that it has started construction of a multi-billion dollar ethane cracker at its Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu. The project will employ about 10k construction workers, create 4k related jobs in nearby Houston communities and add 350 permanent positions at the Baytown complex. It is expected to increase regional economic activity by roughly $870M per year and generate more than $90M per year in additional tax revenues for local communities. Contracts have been awarded for construction, which will begin immediately. Contracts have been awarded to Linde Engineering North America, and Bechtel Oil, Gas and Chemicals to build olefins recovery units at the ExxonMobil Baytown Olefins Plant. Mitsui Engineering & Shipbuilding and Huertey Petrochem will construct the new olefins furnaces. At the Mont Belvieu Plastics Plant, Mitsubishi Heavy Industries will construct two 650k tons-per-year high-performance polyethylene lines. Jacobs Engineering (JEC) will oversee enabling works and interconnections at both locations. Dashiell and Wood Group Mustang will provide specialty contracting services
News For XOM;JEC From The Last 14 Days
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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 23, 2014
10:02 EDTJECOn The Fly: Analyst Initiation Summary
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06:59 EDTJECJacobs Engineering initiated with an Outperform at Wells Fargo
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July 22, 2014
07:46 EDTJECJacobs awarded contract as sole provider to United Utilities
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July 21, 2014
13:36 EDTXOMExxon Mobil files export application for Alaska LNG project
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July 17, 2014
07:31 EDTXOMWEX signs definitive purchase agreement regarding Exxon's Esso Card program
WEX Inc. (WEX) announced the execution of the definitive purchase and sale agreement relating to the previously announced proposed acquisition of ExxonMobil’s (XOM) European commercial fuel card, or Esso Card, program through a majority owned joint venture, WEX Europe Services Limited. In addition, all necessary regulatory approvals have been received and the employee information and consultation processes have been cleared. The transaction is on track and is expected to close in late 2014 or early 2015. “The purchase of the Esso Card portfolio remains an important element to building our on-the-ground presence in the European market, and enhances WEX’s long-term growth profile. Our efforts to advance this transaction remain on track and position us to create a substantial and profitable European footprint,” said Melissa Smith, WEX’s president and CEO.
July 15, 2014
07:46 EDTJECJacobs receives project services contract from BP
Jacobs (JEC) announced that it was awarded a contract with BP (BP) to provide engineering, design and procurement services for the Coker Heater Replacement Project at its Cherry Point Refinery in Blaine, Washington. Company officials did not disclose the contract value.
07:46 EDTJECJacobs Engineering receives contract from Brighton i360
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