ExxonMobil $XOM earnings improve by 50%, beating estimates

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  • #12998
    ThePitBoss
    Participant

    [article]322[/article]

    #13011
    MoneyNeverSleeps
    Participant

    Liked this report and the coverage of refineries loss from Harvey was impressive and cash flow strength fits into the new growth plans

    #13038
    TradersCom
    Keymaster

    ExxonMobil Boosting Permian Basin Production 45% Through 2020; U.S. Unconventionals to Grow by >500 Mboe/d Through 2025

    10/27/2017

    ExxonMobil is running a program to boost their unconventional production by 20% annually through 2025. They will grow Permian Basin production by 45% through 2020.

    Based on the investor slides, Exxon is raising Bakken, Delaware and Midland Basin production from current levels of ~200 Mboe/d to a 2025 level nearing 750 Moe/d.

    via https://www.criterionrsch.com/

    #13292
    ThePitBoss
    Participant

    Exxon Mobil Corp. $XOM was downgraded to Reduce from Hold at HSBC.

    Closed up 0.7% at $83.75 on Monday with WTI over 57 and natural gas over $3.00 Btu

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