Tag: Exxon Mobil

Commercialization, Conventional Fuels

Exxon Mobil downgraded, stock target cut 25% amid natural gas spending

March 8, 2019

Via: CNBC energy

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 […]

Energy Economics

Oil business seen in strong position under Trump tax reform

January 3, 2017

Via: American Energy News

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 […]

Energy Economics

US Crude Oil Exports: Exaggerations Giving Way To Market Reality

May 31, 2016

Via: Forbes

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 […]

Commercialization, Conventional Fuels

ExxonMobil earns US$1.8 billion in 1Q16

May 4, 2016

Via: Energy Global

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. […]

Chemical, Conventional Fuels

Fossil Fuel Companies Need to Become Renewable Energy Companies

April 20, 2016

Via: Energy Collective

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 […]

Chemical, Conventional Fuels

ExxonMobil announces 2015 reserves additions

February 22, 2016

Via: Energy Global

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 […]