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Stock Market & Financial Investment News

News Breaks
June 19, 2014
08:05 EDTJEC, XOMExxon 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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December 18, 2014
07:47 EDTJECJacobs Engineering selected by BP as strategic supplier
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December 17, 2014
11:36 EDTJECJacobs Engineering upgraded to Buy from Hold at Standpoint Research
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December 16, 2014
14:55 EDTXOMExxon Mobil, peers win right to explore in Flemish Pass. Petro Global News says
Exxon Mobil (XOM) along with peers Suncor (SU) ConocoPhillips (COP) won the rights to explore a Canadian offshore block, Parcel 1, located in the Flemish Pass, says Petro Global News. The oil companies bid a record $559M for the rights with ExxonMobil getting a 40% interest in the parcel, while Suncor Energy and ConocoPhillips each receiving a 30% interest, added Petro Global News. Reference Link
December 15, 2014
10:00 EDTXOMOn The Fly: Analyst Upgrade Summary
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07:55 EDTXOMExxon Mobil upgraded at BMO Capital
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06:24 EDTXOMExxon Mobil upgraded to Market Perform from Underperform at BMO Capital
05:55 EDTXOMStocks with implied volatility movement; IBM XOM
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December 14, 2014
17:07 EDTXOMOPEC's Badri says group will withstand oil price fall, Reuters says
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December 12, 2014
15:12 EDTXOMExxon Mobil heads for its 52-week low, levels to watch
The shares are down over 2.1% to $87.26 at time of writing. That puts the stock very close to its 52-week low at $86.91, which is next support. Below that low support is at $86.28. Resistance is at $87.74.
06:51 EDTXOMBrent crude oil fell to five year low, Reuters reports
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December 11, 2014
07:26 EDTXOMPlatts to hold a forum
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05:27 EDTXOMExxon Mobil, Saudi Aramco JV complete clean fuels project
Saudi Aramco Mobil Refinery Company, or SAMREF, a joint venture of Saudi Aramco and ExxonMobil, has completed construction of major desulfurization facilities, including a new hydrotreater, that dramatically cuts sulfur levels in gasoline and diesel. The project is the largest investment in SAMREF’s history and will reduce the sulfur levels in gasoline and diesel by more than 98%, to 10 parts per million.
December 10, 2014
16:44 EDTXOMOn The Fly: Closing Wrap
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08:04 EDTXOMExxon Mobil management to meet with UBS
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December 9, 2014
08:55 EDTXOMExxon Mobil to hold a webcast
Vice Presidents Colton and Cohen hold a webcast to launch ExxonMobil's 2015 Outlook for Energy: A View to 2040 on December 9 at 1 pm. Webcast Link
07:45 EDTJECJacobs Engineering selected by U.K. environment agency for ecological services
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December 8, 2014
08:09 EDTXOMExxon Mobil management to meet with UBS
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07:53 EDTXOMClimate for Exxon E&P acquisition improved by falling prices, WSJ says
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December 5, 2014
07:43 EDTXOMLondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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December 4, 2014
13:00 EDTJECPRIMECAP Management reports 5.33% passive stake in Jacobs Engineering
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