Exxon Mobil News
News on Exxon Mobil (Ticker: XOM) continually updated from thousands of sources around the net.
4 min ago | Seeking Alpha
ExxonMobil has been a very frustrating stock to own since the XTO takeover. While the price of domestic natural gas has been abnormally low for years, it alone cannot explain the severe under performance of XOM during the current bull market.
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1 hr ago | Seeking Alpha
Kazakhstan's government is suing foreign oil companies developing its huge Kashagan oilfield in the Caspian Sea, a tactic used earlier in securing the government large stakes in two of the three multinational energy projects on its territory.
5 hrs ago | Minyanville
Misao Okawa, planet Earth's oldest person, yesterday entered her 117th year in fine fettle.
Some buybacks create shareholder value and some function merely to prop up a failing stock.
The Dow Jones Industrial Average is one of the oldest blue-chip indexes in existence at more than 100 years old.
Comparing units outstanding versus one week ago at the coverage universe of ETFs at ETF Channel, the biggest inflow was seen in the Energy Select Sector SPDR Fund , which added 6,150,000 units, or a 6.4% increase week over week.
Irving-based Exxon Mobil Corp. has put its offshore natural gas prospect in the Ukraine on hold, but is moving forward with large-scale investments in Russia, company officials said March 4. The move in the Ukraine comes because of the political unrest there, Exxon officials told analysts, the Dallas Morning News reported.
Meanwhile, Dow component and energy supermajor ExxonMobil announced yesterday it is reducing its capital spending program in a continued effort to focus on profitability and returns on invested capital.
The firm set a "neutral" rating on the stock. The analysts noted that the move was a valuation call.
The firm currently has a "sector outperform" rating on the stock. Howard Weil's price objective would suggest a potential upside of 14.07% from the company's current price.
Iraq is reclaiming its rank as the world's fastest-growing oil exporter, cushioning consumers from Libyan supply outages for now and, perhaps, reviving OPEC market share rivalries down the road.
Good morning. For those of you that I've not met, I am David Rosenthal. I'm the Vice President of Investor Relations and Secretary for ExxonMobil and I would like to welcome everybody to ExxonMobil's 2014 Analyst Meeting.
With the energy giant saying it will cut capital spending amid flat production, don't expect the stock to rebound anytime soon.
A disappointing production forecast from oil giant ExxonMobil Wednesday pushed the Dow into negative territory on an otherwise flat day for US stocks.
Exxon Mobil shares were down over 2% Wednesday morning after the company offered disappointing guidance at its annual analyst day .
Exxon Mobil Corp. says it will cut capital spending by 6 percent this year and overall production will be flat.
After two days of volatility, the Dow was little changed today, but there was still action among the stocks in the average.