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Stock Market & Financial Investment News

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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.
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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 10, 2014
13:46 EDTXOMExxon feels singled-out in regards to fracking, WSJ says
Exxon Mobil is up against a criminal lawsuit over a wastewater spill in Pennsylvania and is saying that the state's attorney general has incorrectly singled it out in an effort to stop fracking, according to The Wall Street Journal, citing comments from Attorney General Kathleen Kane. Lawyers are saying that Exxon unit, XTO Energy, is criminally responsible for a large leak of water that had been used in hydraulic fracturing, or fracking, in north-central Pennsylvania four years ago. Reference Link

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