United States

Exxon Mobil Corp (XOM.N)

XOM.N on New York Stock Exchange

29 Sep 2016
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$-0.44 (-0.51%)
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Latest Key Developments (Source: Significant Developments)

InterOil provides update on exxonMobil transaction
Wednesday, 28 Sep 2016 06:30am EDT 

Interoil Corp : Completion of transaction prior to end of sept would require issuance of final order no later than close of business on thursday, September 29 . ExxonMobil and interOil intend to close transaction promptly after final order is obtained .Hearing in supreme court of Yukon was held on Sept 27 and court is considering merger matter, including an objection filed by Phil Mulacek.  Full Article

Interoil shareholders approve Exxonmobil transaction
Wednesday, 21 Sep 2016 01:05pm EDT 

Interoil Corp : Interoil shareholders overwhelmingly approve Exxonmobil transaction . Interoil Corp says shareholders approve Exxonmobil transaction . Of votes cast at special meeting, more than 80 percent were in favor of proposed transaction .Transaction is expected to close by end of september 2016.  Full Article

SEC investigating Exxon Mobil on climate change - CNBC, citing DJ
Tuesday, 20 Sep 2016 01:26pm EDT 

: SEC investigating exxon mobil on climate change, accounting practices; sec also exploring how exxon valued assets in price crash - CNBC, citing DJ Further company coverage: [XOM.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

New York AG investigating Exxon's accounting practices- WSJ, citing sources
Friday, 16 Sep 2016 05:41am EDT 

: New York attorney general Eric Schneiderman is investigating why Exxon Mobil hasn't written down the value of its assets- WSJ, citing sources Source (http://on.wsj.com/2cvIaBU) ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Interoil urges shareholders to vote for Exxonmobil deal
Friday, 19 Aug 2016 06:00am EDT 

Interoil Corp : Interoil highlights value created by Exxonmobil transaction . Files management information circular for special meeting on Exxonmobil transaction .Urges shareholders to vote for Exxonmobil transaction.  Full Article

Interoil qtrly loss per share $1.16
Thursday, 4 Aug 2016 07:00am EDT 

Interoil Corp : Interoil Corporation discloses second quarter 2016 results . In light of pending transaction with Exxon Mobil Corp Interoil will not hold conference call to discuss its quarterly results . Qtrly loss per share $1.16 .Qtrly revenue $10.7 million versus $13.6 million.  Full Article

Exxon updates on 2016 capex
Wednesday, 3 Aug 2016 12:23pm EDT 

Exxon Mobil : Exxon Mobil anticipates a 2016 investment level below $23.2 billion target that was referenced last quarter - sec filing .Exxon Mobil says actual spending could vary depending on progress of individual projects and property acquisitions.  Full Article

Honeywell and Exxonmobil announce technology licensing agreement with Hainan Handi Sunshine Petrochemical
Wednesday, 3 Aug 2016 09:57am EDT 

Honeywell: Honeywell UOP and Exxonmobil announced a technology licensing agreement with Hainan Handi Sunshine Petrochemical Co Ltd .Honeywell UOP's unicracking technology, Exxonmobil's MSDW catalytic lubes de-waxing technology will be installed at Hainan, China facility.  Full Article

Exxon says has significant debt capacity that it can leverage, very strong balance sheet
Friday, 29 Jul 2016 10:41am EDT 

: After q2 results, exxon says cash flow reflects durability of integrated business model during price downturn . Exxon says u.s. Unconventional costs being reduced, while improving efficiencies . Exxon says selectively proceeding with certain investments, projects, like interoil gas in papua new guinea . Exxon says refined products inventories are very large, partly explain lower throughputs at refineries . Exxon says 'we've got the financial flexibility' to do many things, including potential acquisitions . Exxon says world class prospects in guyana may not come on line until 'early in next decade' . Exxon says share buyback program is considered on a quarterly basis, has been flexible part of program to return cash to holders . Exxon says has significant debt capacity that it can leverage, very strong balance sheet . Exxon says argentina shale pilot project looks promising, for 35 year concession Further company coverage: [nL1N1AF0NC] (Reporting by Terry Wade) ((terry.wade@thomsonreuters.com;)).  Full Article

Exxonmobil earns $1.7 billion in second quarter of 2016
Friday, 29 Jul 2016 08:15am EDT 

Exxon Mobil Corp : ExxonMobil earns $1.7 billion in second quarter of 2016 . Q2 earnings per share $0.41 . Qtrly upstream earnings were $294 million in Q2 of 2016, down $1.7 billion from Q2 of 2015 . Q2 total revenue and other income $57,694 million versus. $74,113 million year-ago . Qtrly downstream earnings were $825 million, down $681 million from Q2 of 2015 . Q2 2016 earnings of $1.7 billion decreased $2.5 billion, or 59 percent, from Q2 of 2015 . Q2 2016 capital and exploration expenditures were $5.2 billion, down 38 percent from Q2 of 2015 . Qtrly oil-equivalent production was essentially unchanged versus last year at 4 million oil-equivalent barrels per day . Qtrly liquids production totaled 2.3 million barrels per day, up 39,000 barrels per day . Q2 cash flow from operations and asset sales $5.5 billion versus. $9.4 billion last year . Qtrly chemical earnings of $1.2 billion were $29 million lower than Q2 of 2015 . CEO Tillerson "financial results reflect a volatile industry environment" . Qtrly natural gas production was 9.8 billion cubic feet per day, down 366 million cubic feet per day from 2015 . Q2 oil-equivalent production 3,957 KOEBD versus. 3,979 KOEBD last year . Qtrly U.S. upstream earnings declined $467 million from Q2 of 2015 to a loss of $514 million in Q2 of 2016 . Q2 worldwide refinery throughput 4,152 KBD versus. 4,330 KBD last year.  Full Article


Mozambique energy minister sacked ahead of huge gas deals

MAPUTO Mozambique Energy Minister Pedro Couto has been sacked, the presidency said on Thursday, a month before Italy's Eni is due to finalize an offshore gas project worth tens of billions of dollars.