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Exxon Mobil Corporation (NYSE:XOM) Embarks On A $100 Billion Project To Capture Carbon Emissions

Exxon Mobil Corporation (NYSE:XOM) continues facing significant pressure from investors who want the company to move with speed to address the climate change threat. On Monday, the company spoke out, outlining that it was channeling $100 billion in a project that would capture carbon emissions from some major industrial plants. The company will initially focus […]

Exxon Mobil Corporation (NYSE:XOM) Experiences A Significant Decline In Oil Reserves

In 1999, Exxon Mobil Corporation (NYSE:XOM) struck a merger with Mobil, and it foresaw the move as a game-changer in its business. Fast-forward to 2020, the narrative changed. The business reported a significant drop in its oil reserves, terming it the lowest notch since it merged with Mobil. Explaining the decline Exxon believes that the […]

Exxon Mobil Corporation (NYSE:XOM) To Pay $1.4 Million Worth of Civil Penalty

Boston, MA 08/27/2014 (wallstreetpr) – According to a statement of Department of Justice and Environmental Protection, the pipeline company of Exxon Mobil Corporation (NYSE:XOM) has agreed to pay the penalty levied on it. XOM was charged with $1.4 million for violating the clean water act. The alleged violation is connected with the North Line pipeline […]

Exxon Mobil Corporation (NYSE:XOM): 2014 Significant Developments and Financial Results Update

Boston, MA 08/12/2014 (wallstreetpr) – Arguably America’s most-powerful company in the world’s map with operations and assets widely spread, Exxon Mobil Corporation (NYSE:XOM), continues to enjoy a mix of fortune in the industry at the back of the ongoing standoff in Russia where it has a huge partnership with Rosneft. Drilling continues to form the […]

EXXON Mobil Corporation (NYSE:XOM) Starts Construction Of Its Chemical Plant In Texas

Boston, MA 06/20/2014 (wallstreetpr) – EXXON Mobil Corporation (NYSE:XOM) has announced the start of construction for its chemical plant in Baytown Texas as well as the expansion of a nearby plant. The Baytown plant codenamed ‘Cracker’ will have the capacity of producing up to 1.5 million tons of ethylene per year. Project To Create 4,000 […]

Exxon Mobil Corporation (NYSE:XOM) Predicts Increase In Energy Demand

Boston, MA 12/17/2013 (wallstreetpr) – Exxon Mobil Corporation (NYSE:XOM) said in a report recently that the demand for energy sources is likely to grow at a rapid growth in the decades ahead. This is because the population of the world is increasing and Third World societies are modernizing. The Irving-based oil giant, Exxon Mobil predicted in […]

Exxon Mobil Corporation (NYSE:XOM) earnings slide 18% in third quarter

Boston, MA 11/05/2013 (wallstreetpr) – Integrated oil major Exxon Mobil Corporation (NYSE:XOM) has reported a 18% drop in 3Q2013 mainly because of lower downstream earnings. The company attributed the decline to lower refining margins resulting from an increase in global industry capacity. Earnings were down to $7.87 billion this year compared to $9.57 billion for […]

Exxon Mobil Corporation (NYSE:XOM): Growth Potential Can Be Seen In Production Growth

Boston, MA 11/04/2013 (wallstreetpr) – The share valuation of manufacturer and marketer of commodity petrochemical Exxon Mobil Corporation (NYSE:XOM) jumped modestly last Friday, gaining 0.22% after the company posted largely solid Q3 which revealed increase in its production for the first time in more than two years. However, investors should note that XOM had its profit dip […]

Exxon Mobil Corporation (NYSE:XOM) Announces Commencement Of Kipper Tuna Turrum Project In Bass Strait

Boston, MA 10/28/2013 (wallstreetpr) – The energy major Exxon Mobil Corporation (NYSE:XOM) has started production at the Kipper Tuna Turrum project in Bass Strait, Victoria, Australia. The oil production is taking place at the Turrum field via the Marlin B platform, while natural gas is being produced through two new pipelines in Tuna field. The Kipper Tuna […]

Exxon Mobil Corporation (NYSE:XOM) Under Pressure to Stay Above $86.95

Boston, MA 10/14/2013 (wallstreetpr) –  Exxon Mobil Corporation (NYSE:XOM) closed the week on Friday at the $86.95, which was also the day’s highest boundary for the stock. The stock dipped to $85.50 in the trading hours having opened at $85.90. The stock now has to maintain it at above the Friday’s closing mark today to […]