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Stock Market & Financial Investment News

News Breaks
January 30, 2013
07:42 EDTXOMExxon Mobil downgraded to Neutral from Outperform at Macquarie
Macquarie now sees Exxon Mobil's 2013-2014 production growth as flat and for a potential reduction in cash returns for shareholders. The analyst downgraded shares based on limited upside and reduced its price target to $99 from $101.
News For XOM From The Last 14 Days
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May 20, 2015
13:15 EDTXOMExxon Mobil announces significant oil discovery offshore Guyana
Exxon Mobil announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet in 5,719 feet of water. Stabroek Block is 6.6M acres. The well was spud on March 5. The well data will be analyzed in the coming months to better determine the full resource potential. Esso Exploration and Production Guyana Ltd. holds 45% interest. Hess Guyana Exploration Limited holds 30% interest and CNOOC Nexen Petroleum Guyana Limited holds 25% interest.
May 15, 2015
06:44 EDTXOMEnvironmentalists file lawsuit over oil train safety rules, NY Times says
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May 11, 2015
13:28 EDTXOMOPEC sees oil at around $76 a barrel in 2025, WSJ says
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10:01 EDTXOMExxon Mobil announces Cold Lake project expansion begins production on schedule
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