Oil and Gas
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Exxon Mobil Corp. engages in the exploration, development, and distribution of oil, gas, and petroleum products. It operates through the following segments: Upstream, Downstream and Chemical. Read More The Upstream segment produces crude oil and natural gas. The Downstream segment manufactures and trades petroleum products. The Chemical segment offers petrochemicals. The company was founded by John D. Rockefeller in 1882 and is headquartered in Irving, TX.
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Oil and Gas
Exxon: Stay Away From This Oil Major
Investment thesis: Exxon Mobil Corporation (XOM), one of world’s biggest oil and gas companies, published disturbing 1Q 2019 results, despite the notable crude market price appreciation observed in the second half of the year. Compared to its peers, XOM is still overvalued, even if the stock is now trading near the $73 trading support. In this context and with the recent crude market correction, XOM should continue to suffer, following disturbing downstream and chemical tightness. Source: TradingView Poo...
Guyana Probes Offshore Oil Leases Controlled by Exxon, Tullow
(Bloomberg) -- Guyana’s anti-corruption agency is investigating how exploration rights were awarded in the world’s biggest new deepwater oil region, including those now controlled by Exxon Mobil Corp.
Seeking AlphaMay 22
Guyana probing offshore oil leases controlled by Exxon, Tullow - Bloomberg
The head of Guyana's anti-corruption agency says he is investigating how exploration rights were awarded in the country's huge deepwater oil discovery, including those now controlled by Exxon Mobil (NYSE:XOM) and Tullow Oil (OTCPK:TUWLF). The Stabroek, Kaieteur and Canje blocks operated by XOM will be part of the inquiry, as well as Orinduik operated by Tullow, Clive Thomas, director of the the State Assets Recovery Agency, tells Bloomberg. Guyana has become one of the world's most sought-after exploratio...
Expected Jul 26, Pre-Market