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Stock Market & Financial Investment News

News Breaks
June 6, 2014
06:59 EDTXOMReport says Exxon poised to take over as Kashagan operator, Reuters says
Industry publication Nefte Compass reported that Exxon Mobil is poised take over as operator of the Kashagan field in an effort to amend the beleaguered $50B project offshore Kazakhstan, according to Reuters, citing the publication. Reference Link
News For XOM From The Last 14 Days
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July 28, 2015
05:34 EDTXOMVermilion Energy announces farm-in agreement in Germany
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July 24, 2015
12:51 EDTXOMExxon Mobil volatility elevated into Q2 and outlook
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July 22, 2015
06:39 EDTXOMEuro, U.S. oil and gas groups to find tough competition in Iran, WSJ says
European and U.S. oil and gas firms drawn to Iran as sanctions lessen can expect not only opportunities, but also Iranian companies offering tough competition or joint ventures, the Wall Street Journal reports. Though no Iran-based companies have the clout of firms such as Exxon Mobil (XOM) or Schlumberger (SLB), companies that can take on engineering tasks are emerging and growing in Iran, the report says. If the Iran nuclear agreement comes into effect and sanctions are lifted against Iran sometime soon, those Iranian companies will be well positioned to compete for tens of billions of dollars worth of service contracts, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Royal Dutch Shell (RDS.A) and Total (TOT). Reference Link
06:13 EDTXOMExxon Mobil upgraded to Conviction Buy from Buy at Goldman
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July 15, 2015
06:25 EDTXOMMexican businessmen financing homegrown oil companies, WSJ reports
Several Mexican businessmen, including former Mexican finance minister Pedro Aspe, have started financing or creating homegrown oil companies in Mexico as the country opens its oil industry to competition, the Wall Street Journal reports. The new companies aim not only to compete with Pemex, but also with global oil giants such as Exxon Mobil (XOM) and Royal Dutch Shell (RDS.A), the report says. Mexico will hold three auctions of oil blocks this year, the report adds. Other publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), and Total (TOT). Reference Link

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