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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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April 24, 2015
10:00 EDTJECOn The Fly: Analyst Downgrade Summary
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07:15 EDTJECJacobs Engineering downgraded to Neutral from Outperform at Baird
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April 22, 2015
07:45 EDTJECJacobs Engineering acquires controlling interest in SHCE in China
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06:10 EDTXOMBP CEO says has no appetite for megamerger, FT reports
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April 21, 2015
12:59 EDTXOMExxon Mobil CEO sees continued pressure on oil prices, WSJ says
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07:45 EDTJECJacobs Engineering awarded two-year framework agreement from MODON
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April 20, 2015
08:32 EDTXOMBofA/Merrill European strategists hold an analyst/industry conference call
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April 17, 2015
14:40 EDTXOMAnadarko weighs sale of Mozambique gas assets to Exxon, Reuters reports
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08:29 EDTXOMU.S. may be at, or near, peak oil output, WSJ says
New data and forecasts suggest lower crude prices are finally prompting U.S. energy companies to cut back their crude output, according to The Wall Street Journal, citing reports from OPEC, the DOE and North Dakota. Publicly traded oil majors include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Publicly traded drillers and oil services companies include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT). Reference Link
April 16, 2015
14:46 EDTJECJacobs Engineering downgraded to Hold from Buy at Standpoint Research
April 14, 2015
06:40 EDTXOMU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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April 13, 2015
10:00 EDTJECOn The Fly: Analyst Downgrade Summary
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08:19 EDTJEC, JECJacobs Engineering downgraded to Outperform from Buy at CLSA
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April 12, 2015
16:49 EDTXOMIEA says Iran nuke deal to have limited impact on supply for years, Reuters says
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