Tag: Exxon Mobil

March 8, 2019

Exxon Mobil doesn’t plan to cut its natural gas spending any time soon, meaning reduced cash flow and limited upside to the stock over the next 12 months, Cowen told its clients Friday. Analyst Jason Gabelman downgraded the energy giant […]

January 3, 2017

Big Oil could be in a unique position to protect its interests against a Republican proposal to tax imports, given that President-elect Donald Trump’s cabinet is studded with oil champions sensitive to the risk of higher gasoline prices. Trump’s emerging […]

May 31, 2016

Few expected the US government to end its four-decade-old ban on crude oil exports, which barred shipments to countries other than Canada, anytime soon. Despite impassioned lobbying by  exploration and production (E&P) companies for years, few analysts expected any movement […]

May 4, 2016

eaCorporation has announced an estimated 1Q16 earnings of US$1.8 billion, or US$0.43 per diluted share, compared with US$4.9 billion a year earlier. The impacts of sharply lower commodity prices and weaker refining margins were partly offset by strong chemical results. […]

April 20, 2016

It seems clear that Exxon Mobil and other parts of the fossil fuel industry have tried to suppress the science of climate change. I am not surprised that these companies acted in their short-term self-interest, and I expect them to […]

February 22, 2016

Exxon Mobil Corp. has announced it added 1 billion boe of proved oil and gas reserves in 2015, replacing 67% of production, including a 219% replacement ratio for crude oil and other liquids. At year-end 2015, ExxonMobil’s proved reserves totaled […]