ADVFN - Advanced Financial Network.
HOME» NYSE » E » XOM Stock Price » XOM Stock News

Exxon Mobil Share News

 Exxon Mobil Corp. Stock Price
XOM Stock Price
 Exxon Mobil Corp. Stock Chart
XOM Stock Chart
 Exxon Mobil Corp. Stock News
XOM Stock News
 Exxon Mobil Corp. Company Information
XOM Company Information
 Exxon Mobil Corp. Stock Trades
XOM Stock Trades

InterOil 1Q Net Surges On Refining, Downstream Revenue Jump

DOW JONES NEWSWIRES InterOil Corp.'s (IOC) first-quarter earnings surged as the oil and gas company posted a jump in revenue from its refining and downstream businesses and benefited from foreign exchange gains. InterOil's operations target the oil and gas resources of Papua New Guinea. The country's reserves of liquid natural gas have lately attracted the interest of several other multinational energy companies, and their presence has not always been welcome. Exxon Mobil Corp. (XOM) recently resumed work at a $15.7 billion project for liquid-gas export after protesting landowners disrupted operations. InterOil has run into obstacles in its plans for a major new liquid-gas project in the area, facing criticism last year from national government officials, as well as difficulty pinning down partners and investors. The company has received bids from potential partners in the liquid-gas project, as well as for the sale of its interest in the Elk and Antelope fields, Chief Executive Phil Mulacek said Monday, adding that the company expects to enter an agreement for the LNG project this quarter. The company recently inked a deal, worth as much as $345 million, that gives Canadian oil producer Pacific Rubiales Corp. (PEGFF, PRE.T) a 10% net participating interest in a prospecting license in Papua New Guinea. For the first quarter, InterOil posted a profit of $9.45 million, or 19 cents a share, up from a year-earlier profit of $695,549, or a penny a share. The most-recent quarter included $10.1 million from foreign exchange gains while the year earlier included $2.82 million. Analysts polled by Thomson Reuters recently projected per-share earnings of 5 cents. Revenue jumped 39% to $338.2 million. The midstream refining business posted a 39% increase in revenue, while revenue from the downstream business also grew 39%, driven by growth in the aviation and retail business segments. Shares closed at $57.61 on Friday and were inactive premarket. The stock is up 13% so far this year. -By Kristin Jones; Dow Jones Newswires; 212-416-2208; kristin.jones@dowjones.com

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
06/26/201518:55:46Guyana Assures Exxon Venezuela Dispute Won't Slow Oil Exploration
06/26/201516:40:27Exxon Mobil, BP Suspend Canadian Arctic Exploratory Drilling...
06/26/201516:27:07Exxon Mobil, BP Suspend Canadian Arctic Exploratory Drilling...
06/23/201521:10:40Exxon Stops Pumping Oil off Coast of Santa Barbara
06/23/201513:00:32Dutch Government to Cut Groningen Gas-Field Output
06/22/201521:24:33NGLs: What They Are, and Why You Should Know
06/19/201516:59:56Annual Report of Employee Stock Plans (11-k)
06/18/201518:07:24Exxon Mobil, Petroleos de Venezuela to Sell Jointly Owned Refinery...
06/18/201515:09:39Here’s Why PBF Energy Inc’s Stock Surged 16% Today
06/18/201514:34:00ExxonMobil, Korea Institute of Technology and Korea Gas Corporation...
06/18/201513:10:09PBF Energy to Buy Louisiana Plant
06/18/201513:06:32PBF Energy to Buy Refinery in Louisiana
06/18/201511:46:00ExxonMobil Sells Share of Chalmette Refining, LLC in Louisiana
06/18/201511:45:03How Big Oil Was Saved From the Oil Price Crash
06/17/201514:00:023 Stock Market Tips for Investing in Oil
06/16/201516:29:11Statement of Changes in Beneficial Ownership (4)
06/16/201507:55:00ExxonMobil Announces Kearl Expansion Project Starts Production...
06/11/201512:26:3410 Most Profitable Businesses in Texas
06/10/201516:00:25Exxon Says It Didn't Cause Texas Quakes
06/10/201515:56:12Exxon Tells Texas Regulators It Didn't Cause Earthquakes

Exxon Mobil and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad