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; Ross.Kelly@dowjones.com Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for Exxon Mobil (XOM)
DateTimeHeadline
08/27/201416:40:25U.S. Hot Stocks: Hot Stocks to Watch
08/26/201418:57:45ExxonMobil Pipeline Co. to Pay $1.4 Million to Settle Alleged...
08/26/201418:57:07ExxonMobil Pipeline Co. to Pay $1.4 Million to Settle Alleged...
08/22/201409:30:09Russia's Rosneft to Acquire 30% of N.Y.-Listed Oil Driller
08/18/201421:20:11Australia's Oil Search First-Half Profit Rises
08/13/201422:01:44Pemex Has Talked With Firms About Working on Projects
08/06/201418:55:33CST Brands to Acquire General Partner of Lehigh Gas Partners
08/04/201410:20:16Tanzania to Invest $1.2 Billion to Revamp Power Utility
08/04/201405:48:16Tanzania to Invest $1.2 Billion to Revamp State Power Utility
07/31/201409:53:25MARKET SNAPSHOT: U.S. Stocks: Dow Drops By Triple Digits
07/31/201409:16:22MARKET SNAPSHOT: U.S. Stocks: Futures Drop On Jobless Claims
07/31/201408:11:50MARKET SNAPSHOT: U.S. Stocks: Futures Drop As Investors Chew...
07/31/201406:24:53MARKET SNAPSHOT: U.S. Stocks: Futures Drop On Last Day Of July...
07/27/201406:18:09MARKET SNAPSHOT: What The M&A Surge Says About The Stock Market
07/25/201410:41:52Promising Outlook for Tanzania's Natural Gas Sector Says IMF
07/25/201408:40:33Rosneft Working on Sanctions Strategy
07/24/201402:24:17Statoil Gets Stake in Offshore Columbia Licence
07/18/201419:37:44Shell Confirms Employees Were on Malaysia Airlines Flight...
07/17/201402:13:01U.S. Escalates Sanctions on Russia Over Ukraine -- Update
07/11/201408:30:35North Sea Maintenance Means August Crude-Oil Loadings to Fall...

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