ExxonMobil Earnings Stumble as Capex Costs Soar, Production Falls

Viewing 6 posts - 1 through 6 (of 6 total)
  • Author
    Posts
  • #14776
    ThePitBoss
    Participant

    [article]551[/article]

    #14972
    ThePitBoss
    Participant

    Here is an excellent chart using DeMark on $XOM over the Earnings and crash period. via @TommyThornton
    ‘$XOM Exxon good downside reaction to upside DeMark exhaustion signal’

    #14973
    TradersCom
    Keymaster

    [quote=”ThePitBoss” post=4736]Here is an excellent chart using DeMark on $XOM over the Earnings and crash period. via @TommyThornton
    ‘$XOM Exxon good downside reaction to upside DeMark exhaustion signal’

    Shows you tied to the Dow $XOM is – too many make the mistake it is just oil

    #15309
    ThePitBoss
    Participant

    Exxon reports seventh oil discovery offshore Guyana

    Exxon said yesterday that the Pacora-1 well in the Starbroek block offshore Guyana has encountered around 65 feet of high-quality oil-bearing sandstone. The well was drilled 18,363 feet in 6,781 feet of water. Exxon is operator and holds a 45% stake in Starbroek, with partners Hess Guyana (30%) and CNOOC (25%). (Exxon, Bloomberg)

    #15310
    ThePitBoss
    Participant

    Exxon to exit Russian JVs hit by sanctions

    Exxon Mobil is abandoning JVs with Rosneft as a result of international sanctions against Russia that caused a halt at a major drilling project. The decision to depart Exxon’s biggest exploration region was made late last year, and the company expects to formally initiate withdrawal procedures in 2018.

    Exxon reportedly took a $200m after-tax loss in 4Q17 as a result of pulling out of the Rosnneft JV, but also loses an area that was meant to be a significant driver of longer-term growth opportunity. (Bloomberg)

    #15312

    [size=5]yes – Batton down hatches … Filled up our Toyota Avalon to brim at $2.35
    Now heading for “bunkers” as massive storm is heading this way
    and maybe even a financial one … if inflation + interest rates increase – so will price of OIL :ohmy:[/size]

Viewing 6 posts - 1 through 6 (of 6 total)
  • You must be logged in to reply to this topic.