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Stock Market & Financial Investment News

News Breaks
December 11, 2012
10:04 EDTXOMExxon Mobil sees global energy demand 35% higher in 2040 vs. 2010
The global energy landscape will evolve significantly as regional demand-and-supply patterns shift in the coming decades, creating new opportunities for international trade and economic growth, says ExxonMobil’s Outlook for Energy: A View to 2040. Oil will continue to be the most widely used fuel, but natural gas -- the fastest growing major fuel -- is expected to overtake coal by 2025 as the second most used fuel. Demand for natural gas will increase by about 65% through 2040, and 20% of global production will occur in North America, supported by growing supplies of gas from shale and other unconventional sources. The Outlook for Energy projects that North America is likely to transition to a net energy exporter by 2025. By 2040, natural gas will account for 30% of global electricity generation, compared to less than 25% today.
News For XOM From The Last 14 Days
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April 22, 2015
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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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 14, 2015
06:40 EDTXOMU.S. shale forecast, Yemen fighting lift oil prices, Reuters says
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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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