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EXXON MOBIL CORPORATION (XOM)
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Exxon Mobil : India`s GAIL eyes more long-term natural gas contracts

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10/06/2017 | 12:18pm CET

Indian state-owned gas utility GAIL is pushing to renegotiate more long-term contracts, following Petronet`s renegotiations with ExxonMobil and RasGas, GAIL chairman and managing director B C Tripathi said at a local industry event, according to media reports.

Petronet recently renegotiated its 1.5 million mt/year contract with ExxonMobil from its Gorgon project.

In 2015, Petronet reached agreement with RasGas to reduce the contract price and waive a penalty payment for now lifting the agreed volumes in 2015, and in return increase the 7.5 million mt/year contract by an additional 1 million mt/yr for a 12-year period from 2016.

Tripathi also called for a government policy push to double India`s natural gas consumption to 15% of the energy mix, up from the present 6%-7%.

(c) 2017 Business and Financial Times - All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 266 B
EBIT 2017 23 565 M
Net income 2017 15 492 M
Debt 2017 37 342 M
Yield 2017 3,69%
P/E ratio 2017 22,84
P/E ratio 2018 19,62
EV / Sales 2017 1,46x
EV / Sales 2018 1,30x
Capitalization 352 B
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Exxon Mobil Corporation Technical Analysis Chart | XOM | US30231G1022 | 4-Traders
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Mean consensus HOLD
Number of Analysts 25
Average target price 85,0 $
Spread / Average Target 2,3%
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Managers
NameTitle
Darren W. Woods Chairman, President & Chief Executive Officer
Andrew P. Swiger Chief Financial Officer & Senior VP
Michael J. Boskin Independent Director
Samuel J. Palmisano Independent Director
Steven S. Reinemund Independent Director
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