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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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March 27, 2015
06:37 EDTXOMOil retreats after Goldman says attacks won't have much impact, Reuters reports
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March 26, 2015
08:56 EDTXOMExxon Mobil volatility flat as WTI oil trades above $51
Exxon Mobil March weekly call option implied volatility is at 17, May is at 16, June is at 17, and October is at 18; compared to its 26-week average of 19 according to Track Data, suggesting non-directional price movement.
06:36 EDTXOMOil surges after Saudis attack Yemen rebels, Reuters reports
The price of West Texas Intermediate oil was up about 4% after Saudi Arabia and other countries bombed Iranian-backed rebel forces in Yemen, according to Reuters. OVerseas stocks fell signficantly following the attacks, the news service noted. Publicly traded oil companies include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
March 24, 2015
07:36 EDTXOMWhiting tumbles as stock offering dampens takeover speculation
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March 22, 2015
17:59 EDTXOMOPEC will not take sole responsibility for supporting oil price, Reuters says
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March 20, 2015
07:19 EDTXOMWhite House expected to unveil fracking rules today, WSJ says
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06:37 EDTXOMOil prices fall again, Reuters reports
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March 19, 2015
08:38 EDTXOMN.J. State Assembly Judiciary Committee to hold a hearing
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07:19 EDTXOMKuwaiti minister says OPEC can't cut oil production, Bloomberg reports
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07:04 EDTXOMAmerican Express confirms plans to launch Plenti loyalty program
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March 18, 2015
06:16 EDTXOMAmerican Express to launch Plenti loyalty program this spring, WSJ reports
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March 16, 2015
11:11 EDTXOMOPEC sees oil prices to hit U.S. oil output by late 2015, Reuters says
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