Seeking Alpha

Exxon Mobil Corporation (XOM)

  • Apr. 2, 2013, 12:29 PM
    The Arkansas Attorney General's office is opening an investigation into the causes the Exxon Mobil (XOM) pipeline rupture that spilled thousands of gallons of oil into an Arkansas town last week. The AG says the probe will determine whether XOM may be liable for the consequences of the spill under the Arkansas Water and Air Pollution Act and other laws.
    | 1 Comment
  • Apr. 2, 2013, 11:16 AM
    Exxon Mobil (XOM) is downgraded to Perform from Outperform at Oppenheimer, which believes XOM can't maintain its $20B annual share repurchase even at higher oil and gas prices. Also, XOM is challenged just to maintain - not grow - its production organically, no discovery could be big enough to impact its valuation, and further meaningful cost savings are unlikely.
  • Apr. 2, 2013, 9:51 AM
    As big energy firms buy out smaller rivals in the Marcellus Shale, one side effect is an improving environmental record, according to a WSJ analysis. XOM, CVX and RDS.A average 38 violations for every 100 Marcellus wells drilled; the smallest companies average 132 violations per 100. Experts say this is partly due to the energy giants' financial resources and more rigorous safety protocols. (also)
    | 1 Comment
  • Apr. 2, 2013, 8:59 AM
    As Pres. Obama weighs approving the Keystone pipeline (TRP), a recent series of energy mishaps, including a spill in Arkansas from a pipeline owned by Exxon (XOM), aren't helping the pro-pipeline cause. The administration isn't saying how the spill is affecting its thinking. Yet a larger spill from a train in Minnesota last week drew little criticism, even as oil pipelines carry far more crude and have fewer leaks per mile.
  • Apr. 2, 2013, 7:52 AM
    Exxon Mobil (XOM) and BHP Billiton (BHP) plan to build the world's biggest floating natural gas processing plant to tap into the Scarborough natural gas field off Western Australia. They're seeking government approval for the multibillion dollar project, and targeting first production as early as 2020. The move is a vote of confidence in the untried technology, which energy companies hope will help cut costs.
    | Comment!
  • Apr. 1, 2013, 11:20 AM
    Exxon Mobil (XOM +0.4%) says it has yet to excavate the area around an Arkansas crude oil pipeline rupture that spilled ~12K barrels of crude during the weekend. Cleanup efforts are continuing as the pipeline remains shut. Digging down to the pipeline breach is a critical step in assessing damage and determining how and why it ruptured.
  • Apr. 1, 2013, 8:57 AM
    West Texas crude’s discount to Brent prices widened from the narrowest in almost nine months after Exxon Mobil (XOM) shut its 96K bbl/day Pegasus pipeline system due to a leak in Arkansas. Inventories already are high, and the pipeline closure will mean less crude can be transported from the U.S. Midwest, potentially exacerbating a glut of oil coming from Canada to the Midwest.
    | Comment!
  • Mar. 31, 2013, 4:07 PM
    Exxon Mobil (XOM) now says 12,500 barrels of oil and water have been recovered from a pipeline that ruptured Friday in Arkansas. Predictably, the spill has turned into political fodder for opponents of the Keystone XL Pipeline. Massachusetts Democrat Ed Markey says the Arkansas spill demonstrates "that transporting large amounts of this corrosive and polluting fuel is a bad deal for American taxpayers."
  • Mar. 30, 2013, 9:49 PM
    Exxon Mobil (XOM) says a crude oil pipeline has ruptured in Arkansas spilling thousands of barrels of oil into a subdivision. The EPA has classified the event as a "major spill" and more than 20 homes have been evacuated. 
  • Mar. 28, 2013, 5:13 PM
    Exxon Mobil (XOM) has been discussing fracking with German regulators and communities with future exploration in mind, it said in its 2012 financial and operational review released this week. Germany does not have an official moratorium on fracking, unlike some nearby countries, but analysts say XOM’s "ultra cautious” comments imply an informal policy more restrictive than markets realize.
    | 1 Comment
  • Mar. 28, 2013, 12:31 PM
    Exxon Mobil (XOM) is rumored to be in talks with the oil and gas arm of Abu Dhabi's state-run investment fund on selling a 5% stake in Iraq's gfiant West Qurna-1 oilfield. Iraqi officials believe XOM is staying at West Qurna-1 at least until next year but also will move ahead to cut its share to shift focus to other projects.
    | Comment!
  • Mar. 28, 2013, 9:43 AM
    The Netherlands isn't known for its earthquakes, but thousands of Dutch residents have filed property damage claims against the country's biggest natural gas producer - a Shell-Exxon JV - after studies linked a string of tremors in the Groningen region to gas production. The only way to stop the quakes would be to shut production - not likely in an era of economic struggles.
    | Comment!
  • Mar. 25, 2013, 10:19 PM
    The Department of Transportation says Exxon (XOM) should pay $1.7M in connection with a 2011 incident during which heavy flooding caused a pipe to rupture spilling 1,500 barrels of oil into Montana's Yellowstone River. The DOT claims the company dismissed warnings prior to the flood and did not take steps to minimize the spill once the pipeline ruptured. Exxon says it will "learn from the incident" but also notes it is "disappointed" with the DOT's assessment. 
  • Mar. 25, 2013, 6:45 PM
    An increasingly vocal campaign is arguing for a go-slow approach in allowing U.S. exports of liquefied natural gas. Industrial firms such as DOW, HUN and AA fear that exporting LNG could hurt the U.S. by driving up gas prices. But an XOM exec asks, "Why should the U.S. government discriminate between a... project to liquefy natural gas and a chemical plant to solidify it into plastic pellets? Both create investment, both create thousands of jobs."
  • Mar. 25, 2013, 5:06 PM
    Statoil (STO), Shell (RDS.A, RDS.B) and Exxon (XOM) stand to benefit "on both realizations and volumes" thanks to record spot prices for natural gas in Europe, an event Wall Street hasn't dialed in on, Tudor Pickering analysts say. Cold weather and low inventories have pushed prices 23% higher Y/Y, and heating demand is up 17% Y/Y.
  • Mar. 25, 2013, 3:32 PM
    Exxon Mobil (XOM), Apache (APA) and other U.S. companies look to acquire offshore blocks in Peru this year in the country’s first bidding round since 2010. Peru, which produced 173K bbl/day of oil and gas liquids YTD, says it has lined up $20B in energy projects through 2018 in a bid to double output, which has dropped 20% in the past decade as oilfields are depleted.
    | Comment!
Visit Seeking Alpha's
XOM vs. ETF Alternatives
Company Description
Exxon Mobil Corporation is engaged in energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products.