Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Exxon Mobil Corporation    XOM

EXXON MOBIL CORPORATION (XOM)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
OFFRE ETE Zonebourse : Jusqu'à 6 mois offerts sur tous les portefeuilles

Exxon Mobil : ExxonMobil Announces Fifth Discovery Offshore Guyana

share with twitter share with LinkedIn share with facebook
share via e-mail
0
10/05/2017 | 03:21pm CEST

  • Well encounters a reservoir of 75 feet of high-quality, oil-bearing sandstone
  • Turbot-1 well located approximately 30 miles from Liza phase one project
  • Another Turbot well is being planned for 2018

Exxon Mobil Corporation (NYSE:XOM) today announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana.

Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect. An additional well on the Turbot discovery is being planned for 2018.

ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. began drilling the Turbot-1 well on Aug. 14, 2017 and encountered a reservoir of 75 feet (23 meters) of high-quality, oil-bearing sandstone in the primary objective. The well was safely drilled to 18,445 feet (5,622 meters) in 5,912 feet (1,802 meters) of water on Sept. 29, 2017. The Turbot-1 well is located in the southeastern portion of the Stabroek Block, approximately 30 miles (50 kilometers) to the southeast of the Liza phase one project.

“The results from this latest well further illustrate the tremendous potential we see from our exploration activities offshore Guyana,” said Steve Greenlee, president of ExxonMobil Exploration Company. “ExxonMobil, along with its partners, will continue to further evaluate opportunities on the Stabroek Block.”

The Stabroek Block is 6.6 million acres (26,800 square kilometers). Esso Exploration and Production Guyana Limited is operator and holds 45 percent interest in the Stabroek Block. Hess Guyana Exploration Ltd. holds 30 percent interest and CNOOC Nexen Petroleum Guyana Limited holds 25 percent interest.

About ExxonMobil

ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is the largest refiner and marketer of petroleum products, and its chemical company is one of the largest in the world. For more information, visit www.exxonmobil.com or follow us on Twitter www.twitter.com/exxonmobil.

CAUTIONARY STATEMENT: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans and schedules and resource recoveries could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil and gas price levels; political or regulatory developments; reservoir performance; the outcome of future exploration and development efforts; technical or operating factors; the outcome of future commercial negotiations; and other factors.


© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EXXON MOBIL CORPORATION
06/22Exxon Mobil and CarMax jump; Red Hat and Tesla tumble
AQ
06/22OTHER VOICES : What Texas editors are saying
AQ
06/22EXXON MOBIL : A string of losses for the new jersey environment
AQ
06/22EXXON MOBIL : ExxonMobil confirms machinery damage at PNG gas pipe project
RE
06/22EXXON MOBIL : ExxonMobil, Hess report eighth oil discovery at Guyanas Stabroek B..
AQ
06/21EXXON MOBIL : ExxonMobil Senior Vice President Michael Dolan to Retire
AQ
06/21EXXON MOBIL : ExxonMobil Advances Liza Phase 1 Development
AQ
06/21EXXON MOBIL : A string of losses for the environment
AQ
06/21EXXON MOBIL : Eureka! Giant Oil Find Set to Bring Guyana Startling Riches -- May..
DJ
06/21EXXON MOBIL : Another oil discovery
AQ
More news
News from SeekingAlpha
06/22U.S. crude spikes more than $3/bbl in biggest daily gain since 2016 
06/22Valero Profitably Juggles Complex Refining Factors 
06/22Energy stocks rally after OPEC agrees to moderate production boost 
06/22Energy stocks rally after OPEC agrees to moderate production boost 
06/22Exxon confirms damage at Papua New Guinea pipeline project 
Financials ($)
Sales 2018 306 B
EBIT 2018 32 473 M
Net income 2018 20 378 M
Debt 2018 32 398 M
Yield 2018 4,05%
P/E ratio 2018 16,50
P/E ratio 2019 15,05
EV / Sales 2018 1,22x
EV / Sales 2019 1,21x
Capitalization 341 B
Chart EXXON MOBIL CORPORATION
Duration : Period :
Exxon Mobil Corporation Technical Analysis Chart | XOM | US30231G1022 | 4-Traders
Technical analysis trends EXXON MOBIL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Average target price 87,7 $
Spread / Average Target 10%
EPS Revisions
Managers
NameTitle
Darren W. Woods Chairman, President & Chief Executive Officer
Andrew P. Swiger Chief Financial Officer & Senior VP
Samuel J. Palmisano Independent Director
Steven S. Reinemund Independent Director
Kenneth C. Frazier Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
EXXON MOBIL CORPORATION-3.81%340 612
BP7.98%148 292
CHINA PETROLEUM & CHEMICAL CORP4.40%117 164
RELIANCE INDUSTRIES10.77%95 163
SUNCOR ENERGY INC.13.09%65 219
PHILLIPS 6613.29%53 436