Post Tagged with: "Ticker: XOM"

Exxon, Trafigura tap lower shipping rates as U.S.-Asia arb reopens

Exxon, Trafigura tap lower shipping rates as U.S.-Asia arb reopens

Reuters:


U.S. crude exports to Asia, which have slumped due to record freight costs, stirred on Thursday as rates slid and the premium in Asia for Russia’s ESPO Blend oil sent buyers back to U.S. grades, according to market …

ExxonMobil Takes $2.8 Billion Dive Offshore

ExxonMobil Takes $2.8 Billion Dive Offshore

ExxonMobil acquires a 25% stake in Eni’s Mozambique offshore project

ExxonMobil (ticker: XOM) announced Friday that the company has purchased a 25% indirect interest in the natural gas Area 4 block offshore Mozambique from Eni (ticker: E) for $2.8 billion. …

ExxonMobil/XTO Doubles Permian Footprint with $6.6 Billion Acquisition of Bass Family Assets

ExxonMobil/XTO Doubles Permian Footprint with $6.6 Billion Acquisition of Bass Family Assets

ExxonMobil now has 6 billion BOE of resources in the Permian, with 3.4 billion BOEs in the Delaware

ExxonMobil Corporation (ticker: XOM) announced that the company will more than double its Permian Basin resources to 6 billion BOE through the …

Tillerson and ExxonMobil Establish Plan to Eliminate Conflicts of Interest

Tillerson and ExxonMobil Establish Plan to Eliminate Conflicts of Interest

Secretary of State Nominee Rex Tillerson will put two million shares of ExxonMobil into a blind trust

Former CEO of ExxonMobil (ticker: XOM) Rex Tillerson has reached an agreement with the company to eliminate any conflicts of interests he has …

January 4, 2017 - 5:49 pm Closing Bell Story‎, Oil and Gas 360 Articles
ExxonMobil Announces New Gas Discovery Offshore Papua New Guinea

ExxonMobil Announces New Gas Discovery Offshore Papua New Guinea

ExxonMobil says the Muruk-1 well has encountered “high-quality” sandstone similar to the Hides field

ExxonMobil (ticker: XOM) announced a new natural gas find Wednesday off the coast of Papua New Guinea. The Muruk-1 well encountered “high-quality” sandstone reservoirs similar to …

Tillerson Chosen for Secretary of State

Tillerson Chosen for Secretary of State

ExxonMobil Chairman and CEO chosen to be the United States’ most powerful diplomat, 4th in line to succeed the president

President-elect Donald Trump announced Tuesday that his pick for secretary of state will be ExxonMobil Corp. (ticker: XOM) Chairman …

December 13, 2016 - 6:53 pm Closing Bell Story‎, Oil and Gas 360 Articles
Chad Hits ExxonMobil-led Consortium with $75 Billion Fine on $819 Million in Unpaid Royalties

Chad Hits ExxonMobil-led Consortium with $75 Billion Fine on $819 Million in Unpaid Royalties

Court decision would see Exxon pay Chad nearly seven-times the country’s GDP in penalties

A court decision handed down in the African country of Chad ordered international oil major ExxonMobil (ticker: XOM) to pay 44 trillion CFA francs ($75 billion) …

InterOil Shareholders Approve $2.5 Billion ExxonMobil Acquisition

InterOil Shareholders Approve $2.5 Billion ExxonMobil Acquisition

Paying a contingent resource payment of $7.07 per IOC share for each Tcfe of resource in Elk-Antelope field above 6.2 Tcfe

InterOil Corporation (ticker: IOC) announced today that more than 80% of its shareholders approved of the ExxonMobil Corporation (ticker: …

September 23, 2016 - 5:41 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Chevron, Exxon, and ConocoPhillips Remain Focused on U.S. Onshore, LNG

Chevron, Exxon, and ConocoPhillips Remain Focused on U.S. Onshore, LNG

Q2 proves to be a disappointing quarter for majors like Chevron, ExxonMobil and ConocoPhillips in terms of earnings, but the companies remain focused on the future

U.S.-based oil and gas majors Chevron (ticker: CVX), ExxonMobil (ticker: XOM), and ConocoPhillips (ticker: …

Source: Royal Dutch Shell

ExxonMobil Makes First Corporate Acquisition Bid since 2013

Oil major ExxonMobil looks to acquire natural gas producer InterOil Corp. for $2.5 billion

ExxonMobil (ticker: XOM) has made a $2.5 billion all-stock offer for InterOil Corp. (ticker: IOC), a U.S.-listed company with natural gas assets in Papua New Guinea.…

Source: XOM

Chevron Approves $37 Billion Expansion in Kazakhstan

Chevron gives Tengiz Expansion in Kazakhstan the green-light, taking advantage of lower drilling prices

Chevron Corporation (ticker: CVX) announced the first oil and gas investment to exceed $10 billion in 2016 with its decision to go ahead with an expansion …

Job Security Comes at a Price for Chinese Oil and Gas Companies

Job Security Comes at a Price for Chinese Oil and Gas Companies

Maintaining employment strains Chinese oil and gas firms’ shrinking profits

Many international oil and gas companies have responded to the steep drop in prices since November 2014 by cutting expenditures. Companies have achieved better financial metrics by increasing efficiencies in …

Oil Companies Are Too Encumbered by Debt to Acquire: Tillerson

Oil Companies Are Too Encumbered by Debt to Acquire: Tillerson

Very few attractive targets for takeover due to debt; doing deals has gotten harder, not easier

The amount of debt oil and gas companies took on to fuel growth during the shale revolution has made them too encumbered to be …

Sabine Pass and Gorgon LNG Prepare for First Shipments

Sabine Pass and Gorgon LNG Prepare for First Shipments

Cheniere expects first LNG cargo in the coming weeks from Sabine Pass

Cheniere Energy (ticker: LNG, Cheniere.com) expects to load the first shipment of liquefied natural gas for export from the U.S. in the coming days. A LNG tanker …

Trans-Alaska oil pipeline

Alaska Looks to Buy Out TransCanada’s Share of Alaska LNG for $68 Million

All parties seem to agree, but holdup remains

The state of Alaska plans to buy out TransCanada’s (ticker: TRP) share of the Alaska LNG project. Both Alaska Governor Bill Walker and TransCanada have agreed to the deal, according to Alaska

November 2, 2015 - 6:36 pm LNG, Oil and Gas 360 Articles
ExxonMobil Increases Position in the Permian with 48,000 Acre Acquisition

ExxonMobil Increases Position in the Permian with 48,000 Acre Acquisition

ExxonMobil executes two deals for Permian acreage

ExxonMobil (ticker: XOM) announced that it has acquired 48,000 acres in the core of the Midland Basin through the execution of two agreements. The agreements include an acquisition and farm-in adjoining XOM subsidiary …

Downstream Offers Integrated Majors a Ray of Sunshine Amid Stormy Second Quarter

Downstream Offers Integrated Majors a Ray of Sunshine Amid Stormy Second Quarter

International oil majors were burned but also warmed by low oil prices in Q2; and their new projects are moving forward

The second quarter has been tough for international oil majors like ExxonMobil (ticker: XOM), Chevron (ticker: CVX) and Royal …