Exxon Mobil’s (XOM) investment thesis seems obvious. With their takeover plans for XTO Energy (XTO) it appears we have a very rare chance to buy the shares of the cash-rich, dividend-yielding “King of the Diversified Energy Companies.”
With it’s forward PE nearing 11, a 2.5% yield, priced at close to 1X sales, over $30 billion in [...]
By HASSAN HAFIDH
A consortium led by Exxon Mobil Corp. and Royal Dutch Shell PLC accepted contract amendments made by the Iraqi government to develop an oil field in southern Iraq, a senior Ministry of Oil official said.
“They have accepted the changes, and we are finalizing the deal with them on Jan. 25,” Abdul Mahdy al-Ameedi, [...]
HOUSTON, Nov. 10 /PRNewswire/ — Winning Strategies (www.winningstrategies.net) Editor Tim Connolly reported today that Tropical Storm Ida continues its weakness on landfall in the Gulf of Mexico and the National Hurricane Center now reports that all storm warnings have been discontinued as of 9:00 a.m. ET.
Major producers Chevron, Marathon Oil Corp, and Exxon Mobil Corp [...]
BAGHDAD – The Iraqi government has approved a deal with a consortium led by British giant BP PLC to develop a prized oil field in the south in a major step forward for the country’s oil industry.
BP, which was booted from the country in 1972 when Saddam Hussein nationalized the oil industry, and its partner [...]
ExxonMobil Corp. (NYSE: XOM - News) will start drilling at the Beryl field in the northern North Sea. The field is jointly owned by Mobil North Sea LLC (Exxon’s subsidiary and the operator — 50%), Hess Limited (NYSE: HES - News) — 22.22%, Enterprise Oil Limited (a subsidiary of Royal Dutch Shell [RDS.A] plc — [...]
IRVING, Texas (AP) — Exxon Mobil Corp. said on Monday that the first liquefied natural gas had arrived at the Adriatic regasification terminal near Porto Levante.
Exxon said the terminal is the first offshore gravity-based structure for unloading, storage and regasification of liquid natural gas.
Exxon said 45 percent of the terminal is owned by Qatar Terminal [...]
Researched by Industrial Info Resources (Sugar Land, Texas) — In southeast Texas, in the heart of oil and gas country, is Jefferson County, consistently one of the counties with the most industrial project activity in the U.S. Currently, the county is hosting 155 active industrial projects totaling $10.3 billion. Eighty of these projects, totaling $4.4 [...]
CHICAGO–(BUSINESS WIRE)–3 local Hispanic high school seniors have been honored for their achievements in engineering and mathematics by Exxon Mobil and the Hispanic Heritage Awards Foundation.
Award recipients Rocio Garay from Anderson High School, Arturo Lopez attending West Leyden High School, and Christian Pereda of Elgin High School were recognized as the 2009 Gold, Silver and [...]
By Russell Gold
Oil prices are on the march, again, surprising many observers by reaching $66 a barrel in the midst of a global downturn.
Next stop? Respected oil-market analyst Paul Horsnell of Barclays says $75. “When the market as a whole starts to believe that $75 is pretty much inevitable, then it might as well go [...]
NEW YORK (AP) — Oil prices wavered Thursday as the nation’s employment picture darkened and consumers pulled back on spending.
Benchmark crude for June delivery ticked up 15 cents to settle at $51.12 a barrel on the New York Mercantile Exchange. In London, Brent prices rose 2 cents to settle at $50.80 a barrel on the [...]
