Seeking Alpha

Exxon Mobil (XOM) says the costs of its LNG project in Papua New Guinea have increased by $3.3B...

Exxon Mobil (XOM) says the costs of its LNG project in Papua New Guinea have increased by $3.3B to $19B, due to unfavorable forex fluctuations, delays caused by discontented employees and landowners, and above-average rainfall in the past two years. On the bright side, the project is on schedule to start delivering gas in 2014, while its estimated annual production capacity has been increased by 5% to 6.9M tons.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs