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Stock Market & Financial Investment News

News Breaks
March 5, 2014
09:05 EDTXOMExxon Mobil to start production of new oil, gas projects in FY14
Exxon Mobil expects to start production at 10 major projects in FY14, adding new capacity of approximately 300K net oil equivalent barrels per day and contributing to profitable production growth. ExxonMobil’s capital spending will decline to $39.8B this year from a peak of $42.5B in FY13. Excluding potential acquisitions, CapEx is expected to average less than $37B per year from FY15-FY17. A liquefied natural gas project in Papua New Guinea and the largest offshore oil and gas platform in Russia are among significant projects scheduled for startup this year. Others include a heavy oil expansion project in Canada and deepwater projects in the Gulf of Mexico. ExxonMobil anticipates additional project startups in the next few years in several countries, including Australia, Indonesia, Canada, Nigeria and the U.S. All of these projects are expected to add about 1M net oil equivalent barrels per day by FY17. In North America, ExxonMobil’s near-term production outlook is made up of significant high-margin, low-risk liquids growth. The company’s production outlook also reflects strategic choices made to improve unit profitability while maintaining disciplined capital allocation.
News For XOM From The Last 14 Days
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December 21, 2014
19:45 EDTXOMSaudis say oil prices will recover as global economies grow,The Independent says
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16:42 EDTXOMSaudis say no cut in oil production is forthcoming, Reuters says
Signalling that it will ride out the recent volatility in oil markets, Saudi Arabia said it will not cut oil production even if non-OPEC nations did so, Reuters reports. "If they want to cut production they are welcome: We are not going to cut, certainly Saudi Arabia is not going to cut," commented Saudi Oil Minister Ali al-Naimi. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
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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