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Stock Market & Financial Investment News

News Breaks
February 3, 2014
09:06 EDTXOMExxon Mobil increases Permian Basin acreage
Exxon Mobil announced enhancements to its U.S. oil and natural gas portfolio managed by subsidiary, XTO Energy Inc., through separate agreements in the Permian Basin in Texas and Utica shale in Ohio. Through an agreement with Endeavor Energy Resources, L.P., XTO will fund development to gain substantial operating equity in approximately 34,000 gross acres in the prolific liquids-rich Wolfcamp formation in Midland and Upton counties. Endeavor will continue to operate shallow production while XTO will drill and operate horizontal wells in the deeper intervals. The agreement increases XTO’s holdings in the Permian Basin to just over 1.5 million net acres, enhancing the company’s significant presence in one of the major U.S. growth areas for onshore oil production. In a separate transaction involving its holdings in the Utica shale, XTO signed an agreement with American Energy – Utica, LLC following a competitive bid process. The agreement will enable AEU to earn approximately 30,000 net acres of XTO’s Ohio leasehold in Harrison, Jefferson and Belmont counties. XTO will continue to operate in a core area of approximately 55,000 net acres, optimizing development by using proceeds from the transaction to fund 100 percent of near-term development costs.
News For XOM From The Last 14 Days
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December 18, 2014
08:52 EDTXOMMarket under-appreciating cost curve adjustments by oil majors, says Cowen
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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
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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