Current XOM Stock Info

ExxonMobil (ticker: XOM) has submitted a formal application to the Federal Energy Regulatory Commission to construct an LNG plant at its Golden Pass facility in Sabine Pass, Texas. The proposal, officially submitted on July 9, 2014, is part of a joint venture with Qatar Petroleum International and the pre-filing process began in May 2013.

A final investment decision between the two companies is expected by 2015. Initial estimates place expenditures at a total of $10 billion over the course of a five year period. The project has already receive...

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