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Stock Market & Financial Investment News

News Breaks
January 4, 2013
12:01 EDTXOMExxon Mobil says Hebron oil project designed for 150,000 barrels of oil daily
Exxon Mobil announced it will develop the Hebron oil field offshore the Canadian province of Newfoundland and Labrador using a gravity-based structure that will recover more than 700 million barrels of oil, an increase versus earlier estimates. Capital cost for the project, which is expected to begin oil production around the end of 2017, is estimated at $14B. The platform is being designed for daily production of 150,000 barrels of oil. The project received regulatory approval from the governments of Canada and Newfoundland and Labrador in May.
News For XOM From The Last 14 Days
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July 31, 2014
08:06 EDTXOMExxon Mobil reports Q2 Upstream earnings up $1.58B to $7.88B
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08:05 EDTXOMExxon Mobil reports Q2 EPS $2.05, consensus $1.86
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06:35 EDTXOMOil companies say Russia sanctions could be headwind, NY Times reports
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July 30, 2014
15:40 EDTXOMNotable companies reporting before tomorrow's open
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07:43 EDTXOMWEX Inc. sees FY14 adjusted EPS $4.84-$4.99, consensus $4.87
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July 28, 2014
07:14 EDTXOMExxon mulls broadening Texas plant into largest in country, Reuters says
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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 21, 2014
13:36 EDTXOMExxon Mobil files export application for Alaska LNG project
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