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Exxon Mobil Corp (XOM.N)

XOM.N on New York Stock Exchange

80.55USD
20 Nov 2017
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Latest Key Developments (Source: Significant Developments)

Exxon aims to boost Permian output 45 pct/year through 2020
Friday, 27 Oct 2017 10:56am EDT 

Oct 27 (Reuters) - Exxon Mobil Corp :Says no plans to make any share repurchases in Q4.Says will grow Permian rig count to 30 - from 20 currently - by end of 2018.Says will drill first 3-mile lateral in Permian by end of year.Says Permian production will grow 45 percent per year through 2020.Says expects 2018 capital budget 'in the general ballpark' of about $25 billion.Says considering two more phases of Guyana project given recent success in oil project there.  Full Article

Exxon Mobil reports Q3 earnings per share of $0.93
Friday, 27 Oct 2017 08:00am EDT 

Oct 27 (Reuters) - Exxon Mobil Corp ::Exxon Mobil earnings rise 50 percent to $4 billion on solid business performance.Q3 earnings per share $0.93.Q3 2017 ‍earnings of $4 billion increased 50 percent from q3 of 2016​.Says Hurricane Harvey reduces earnings by an estimated $160 million, or 4 cents per share in quarter​.Quarterly total revenues and other income $‍66,165​ million versus $58,677 million.Quarterly ‍liquids production totaled 2.3 million barrels per day, up 69,000 barrels per day​.Q3 2017 ‍capital and exploration expenditures were $6 billion, including an aromatics plant acquisition in Singapore​.Quarterly ‍cash flow from operations and asset sales increased 33 percent to $8.4 billion​.Quarterly ‍oil-equivalent production was 3.9 million barrels per day, up 2 percent from prior year​.Quarterly ‍natural gas production was 9.6 billion cubic feet per day, down 16 million cubic feet per day​.Quarterly worldwide refinery throughput ‍4,287​ kbd versus. 4,365 kbd.Says ‍upstream earnings were $1.6 billion in Q3 of 2017, up $947 million from Q3 of 2016​.Quarterly ‍chemical earnings of $1.1 billion were $79 million lower than Q3 of 2016​.Quarterly ‍downstream earnings were $1.5 billion, up $303 million from Q3 of 2016.Q3 earnings per share view $0.86, revenue view $63.39 billion -- Thomson Reuters I/B/E/S​​.CEO Darren Woods - "‍generated cash flow from operations and asset sales that more than covered our dividends and net investments in business​".  Full Article

Exxonmobil says ‍declared cash dividend of $0.77 per share on common stock
Wednesday, 25 Oct 2017 03:44pm EDT 

Oct 25 (Reuters) - Exxon Mobil Corp :Says ‍declared a cash dividend of $0.77 per share on common stock, payable on Dec 11.  Full Article

Exxonmobil says Neuquén Province approves investment plan for Los Toldos I South Block
Wednesday, 25 Oct 2017 10:26am EDT 

Oct 25 (Reuters) - Exxon Mobil Corp :Neuquén Province approves Exxonmobil’s investment plan for Los Toldos I South Block.Says Neuquén Province Government approved investment plan for development of 35-year unconventional exploitation concession.Says ‍initial project investment approximately $200 million​.  Full Article

ExxonMobil acquires a crude oil terminal in Texas from Genesis Energy
Wednesday, 18 Oct 2017 01:54pm EDT 

Oct 18 (Reuters) - Exxon Mobil Corp ::ExxonMobil acquires crude oil terminal to serve growing Permian Basin production.has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP​.  Full Article

ExxonMobil begins production on polyethylene line at Mont Belvieu plastics plant
Tuesday, 17 Oct 2017 11:00am EDT 

Oct 17 (Reuters) - ExxonMobil Chemical Company::ExxonMobil begins production on new polyethylene line at Mont Belvieu plastics plant.ExxonMobil Chemical Company​ - ‍mont Belvieu plant capacity will total more than 2.5 million tons per year.  Full Article

ExxonMobil expanding New Jersey research and engineering center
Friday, 13 Oct 2017 09:00am EDT 

Oct 13 (Reuters) - ExxonMobil Corp :ExxonMobil expanding New Jersey research and engineering center.ExxonMobil - ‍new facilities include an engine test center and a lubricant research and development blend plant​.ExxonMobil - ‍expansion of facility expected to be completed in 2019 and will include employees relocating from research facility in paulsboro, n.j.​.ExxonMobil - ‍expanded facility in clinton will include a new engine testing center, a lubricant research and development blend plant.  Full Article

NAM to sell 18 percent of Noordgastransport to SL Capital
Monday, 2 Oct 2017 08:33am EDT 

Oct 2 (Reuters) - Exxon Mobil Corp , Shell :Shell, Exxon joint venture NAM to sell its 18 stake in North Sea gas pipeline Noordgastransport to Scotland's SL Capital, FD newspaper reports.No terms disclosed.Noordgastransport had net profit of 63.5 million euros ($74 million) in 2016.  Full Article

Murphy Oil Corp announces strategic entry into deep water Brazil
Wednesday, 27 Sep 2017 05:58pm EDT 

Sept 27 (Reuters) - Murphy Oil Corp :Murphy Oil Corporation announces strategic entry into deep water Brazil.Murphy Oil Corp - co and its partners are high bidder in brazil's round 14 lease sale for blocks seal-m-501 and seal-m-503.Murphy Oil - ‍entered into farm-in agreement with Queiroz galvão exploração e produção to acquire 20 percent working interest in blocks seal-m-351, seal-m-428.Murphy Oil Corp - QGEP will retain 30 percent wi in blocks seal-m-351, seal-m-428.Murphy Oil Corp - ‍Exxonmobil exploração brasil ltda has farmed into the remaining 50 percent working interest in blocks seal-m-351, seal-m-428 as operator ​.Murphy Oil Corp - ​enters into‍ farm-in agreement with queiroz galvão exploração e produção through its Brazilian unit.  Full Article

Exxonmobil says VP Robert Stuart Franklin reports open market sale of 22,656 shares
Tuesday, 19 Sep 2017 11:53am EDT 

Sept 19 (Reuters) - Exxon Mobil Corp :Exxonmobil says VP Robert Stuart Franklin reports open market sale of 22,656 shares of co's common stock at average of $79.76per share on Sept 18 - sec filing.  Full Article

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Oil giants unlikely to share coal's fate, for now

LONDON The Norwegian sovereign wealth fund's proposal to ditch its oil and gas shares, though hugely symbolic in the battle against climate change, is unlikely to cause a rush to the exit by major investors in the sector in the short term.