Call Buying Activity in ExxonMobil (XOM) Targets Upside in Shares -Susquehanna
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ExxonMobil (XOM) Reports 84% Increase in P’nyang Natural Gas Resource; Evaluating Potential Significant Expansion of Operations in Papua New Guinea
April 12, 2018 5:45 AM EDTExxon Mobil Corporation (NYSE: XOM) today announced that the size of the natural gas resource at the Pnyang field in Papua New Guinea has increased to 4.36 trillion cubic feet of gas, an 84 percent increase from a... More
Exxon, Qatar in talks for potential U.S. shale gas deal: report
April 10, 2018 7:51 AM EDT(Reuters) - Exxon Mobil Corp (NYSE: XOM) is in talks with Qatar over a possible deal that could see the country investing in the company's U.S. shale gas resources, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
The deal could take the shape of a joint venture in which Qatar, through state-owned Qatar Petroleum [QATPE.UL], could partner or invest in future wells with Exxon's XTO Energy subsidiary, the newspaper said https://on.wsj.com/2HoPiyj.
The newspaper said no deal had been finalized... More
ExxonMobil (XOM), Qatar in Talks on U.S. Shale Deal - WSJ
April 10, 2018 7:29 AM EDTExxonMobil (NYSE: XOM), Qatar in Talks on U.S. Shale Deal - WSJ
... MoreExxonMobil (XOM) Added to BofA/Merrill Lynch US 1 List, Hess (HES) Removed
April 10, 2018 5:30 AM EDTExxonMobil (NYSE: XOM) is being added to the BofA/Merrill Lynch US 1 list and Hess Corp. (NYSE: HES) is being removed by analyst Doug Leggate. Both stocks are Buy-rated.
... MoreAramco takes step to integrating petrochems into United States' biggest refinery
April 7, 2018 7:27 PM EDTBy Erwin Seba
HOUSTON (Reuters) - Saudi Aramco took the first steps to integrating a petrochemicals business into the United States' biggest oil refinery, which is operated by its subsidiary Motiva Enterprises.
Aramco's Chief Executive Amin Nasser signed memoranda of understanding (MoUs) worth $8 billion-$10 billion with Honeywell UOP (NYSE: HON) and Technip FMC (NYSE: FTI) to study petrochemical production technology for use in a chemical plant the company is considering building at the Port Arthur refinery.
Saudi Arabia's Crown Prince Mohammed... More
Saudi Aramco eyes new petrochemical plant in Texas: sources
April 6, 2018 7:53 PM EDTBy Erwin Seba
HOUSTON (Reuters) - Saudi Arabia's national oil company Saudi Aramco on Saturday is expected to disclose initial steps toward a multibillion-dollar chemical plant in Texas, according to sources familiar with the company's U.S. operations.
Saudi Aramco has been weighing an expansion of its U.S. subsidiary Motiva Enterprises LLC's [MOTIV.UL] Port Arthur, Texas refinery, already the largest in the United States by capacity.
But Motiva wants to first move into petrochemicals, using abundant natural gas from U.S. shale fields to make the precursors for plastics, the sources said.
Texas... More
