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

Oil Search 1st Half Profit Down 6.2% Due To Higher Drilling Costs

By Ross Kelly SYDNEY--Oil Search Ltd. (OSH.AU) said Tuesday first-half net profit slipped 6.2% after it booked higher exploration expenses attempting to find more natural gas to support an expansion of a US$15.7 billion Papua New Guinea gas-export project. Net profit for the six months to June 30 fell to US$107.5 million from US$114.5 million a year earlier, broadly in line with the US$106.7 million average of five analysts' forecasts compiled by Dow Jones Newswires. Oil Search is a major shareholder in the Exxon Mobil Corp. (XOM)-operated PNG LNG project, which is scheduled to ship its first cargo of liquefied natural gas in 2014. Oil Search had recent drilling success with the P'nyang South well, which could support an expansion of the project to three LNG processing units from the currently planned two at a later date. Drilling of the Trapia-1 well is progressing, as is fresh drilling at the Hides prospect. The company is also attempting to find a partner for other assets located in the Gulf of Papua. Oil Search said it has received "a range of competitive offers" after closing a data room for the assets, and that talks with potential partners are at an advanced stage. The company stuck to its annual output guidance of 6.2 million-6.7 million barrels of oil equivalent, despite the temporary shutdown of operations at a key oil terminal in Papua New Guinea following a suspected oil leak. It declared an interim dividend of 2 U.S. cents per share, unchanged from a year earlier. -By Ross Kelly, Dow Jones Newswires; 61-2-8272-4692; [email protected] Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
03/24/201717:00:00ExxonMobil Recommends Shareholders Reject the Below-Market Mini-Tender...
03/16/201723:08:00Exxon Rejects New York's Accusations in Climate Case
03/16/201722:49:00Exxon Rejects New York's Accusations in Climate Case
03/16/201714:55:22Statement of Changes in Beneficial Ownership (4)
03/15/201717:47:00Many Executives Use Numerous Email Addresses, But Few Adopt Alter...
03/15/201709:00:00ExxonMobil to Release 2016 Financial and Operating Review
03/15/201703:04:00Australia Gets Commitment From Gas Producers to Increase Domestic...
03/14/201706:00:00Buckhorn Energy Services, LLC Enters Into Service Agreement with...
03/13/201720:50:00Rex Tillerson Used Alias Email at Exxon to Discuss Climate Change...
03/10/201712:19:10Automatic Shelf Registration Statement of Securities of Well-known...
03/10/201703:02:00Shell Deals Forsake Canada's Oil Sands -- WSJ
03/09/201715:53:00Shell to Sell Canadian Oil-Sands Business for $7.25 Billion...
03/09/201708:33:00Exxon Buys Stake in Offshore Mozambican Natural Gas Field for...
03/09/201708:08:00Watch now: BizWireTV Covers the Most Anticipated Gaming Console...
03/09/201706:41:00Shell to Sell Canadian Oil-Sands Business for $7.25 Billion...
03/09/201706:00:00ExxonMobil to Acquire 25 Percent Interest in Mozambique Area...
03/08/201707:29:00Oil Companies Take to Thrifty Bets
03/07/201711:31:38Current Report Filing (8-k)
03/06/201722:25:00Trump Praise for Exxon Follows Meeting With Tillerson, Ex-CEO
03/06/201718:38:00Exxon's $20 Billion Spending Plan Points to U.S. Energy Surge...

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 1999-2016 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US