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 newsSector newsTweets

Exxon Mobil : Oil communities demand relocation of ExxonMobil hqtrs to A-Ibom

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/14/2017 | 09:33am CET

By Lawani Mikairu

Thecore communities hosting ExxonMobil crude oil exploration and exploitation operations in Akwa Ibom State are demanding the relocation of the company’s headquarters from Lagos to Eket while also seeking the speedy implementation of various Memoranda of Understandings, MoU, between the oil firm and the communities.

A communique issued by the communities under the aegis of Akwa Ibom State ExxonMobil Core Communities, yesterday, faulted the continuous citing of ExxonMobil headquarters in Lagos as being inimical to efforts to hire locals and also get indigenous contractors to effectively participate in the award of contracts as demanded by the Nigerian content act.

According to the communique, “ExxonMobil has treated with outright disregard the provisions of the local content law as applicable in Nigeria and we have observed with utmost dismay that Mobil Producing Nigeria Unlimited has over the time showcased very bad, dismal and provocative community relations in its dealings with its immediate host communities and Akwa Ibom State at large.

“The company has treated with levity the agreement entered into with them, the immediate host communities and Akwa Ibom State with reckless abandonment. Notably among such agreement is the MoU they entered into with the host communities.

“Therefore, after a careful investigation into the activities of Mobil Producing Nigeria Unlimited as regards their attitude toward their immediate host communities and Akwa Ibom State, we seek among other things the immediate relocation of the headquarters to its operational area (Eket Federal Constituency).

“We also demand a review of MoU, between Mobil Producing Nigeria Unlimited and its core communities as well as full publication and integration of communities based contractors/vendors into the ongoing Qua Iboe Terminal, QIT, Power Distribution Upgrade, QPDUP, Project.”

“We also call for the employment of indigenes of core communities into managerial and directorship positions and the provision and implementation of guidelines for enrollment and recruitment of the core communities’ indigenes into Mobil Technical Training School.

“We are also demanding compensation of Communities for environmental pollution / degradation by oil spills, gas flaring, operational noise and hazards and the empowerment of youths.”

(c) 2017 Vanguard Media Limited, Nigeria Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EXXON MOBIL CORPORATION
08:03p U.S. oil industry set to break record, upend global trade
05:24p EXXON MOBIL : Exxonmobil finds hydrocarbons onshore Papua New Guinea
04:39p U.S. oil industry set to break record, upend global trade
04:04p Norway awards record 75 oil exploration licences
03:29p ROYAL DUTCH SHELL : Shell to drill in Penguins field
03:06p EXXON MOBIL : ExxonMobil and MagnaBond to Collaborate on New Well Integrity Eval..
01:19p ROYAL DUTCH SHELL : Shell Gives Green Light for Revival of Penguins Field in Nor..
12:36p Chevron Says It Will Resume Drilling in Iraqi Kurdistan
10:45a ROYAL DUTCH SHELL : Giant North Sea oil project boosts industry
01/15 EXXON MOBIL : ExxonMobil Encounters Hydrocarbons Onshore Papua New Guinea
More news
News from SeekingAlpha
04:18p It's Time For The Next Generation Dividend Growth Model Portfolio
02:13p Stocks Beware, 10 Year Treasury Dancing With Oil Again
11:39a Exxon finds oil, gas in Papua New Guinea
08:10a Permian Shale Oil Pure Play Stocks - Weekly Report 01/12/18
07:24a HARTSTREET : Anadarko Makes Big Strides In Oil Production As Well Design Improve..
Financials ($)
Sales 2017 272 B
EBIT 2017 23 574 M
Net income 2017 15 456 M
Debt 2017 37 181 M
Yield 2017 3,50%
P/E ratio 2017 24,08
P/E ratio 2018 20,34
EV / Sales 2017 1,50x
EV / Sales 2018 1,32x
Capitalization 371 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
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 86,7 $
Spread / Average Target -0,92%
EPS Revisions
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
Sector and Competitors
1st jan.Capitalization (M$)
EXXON MOBIL CORPORATION4.64%370 832
BP2.31%145 864
CHINA PETROLEUM & CHEMICAL CORP16.64%129 441
RELIANCE INDUSTRIES2.88%94 320
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%85 440
SUNCOR ENERGY INC.3.21%62 641