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 shuts pipeline after oil leak offshore Nigeria

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2012 | 04:40pm CET
Exxon corporate logo is pictured at a gas station in Arlington

Exxon (>> Exxon Mobil Corporation) has shut a pipeline off the coast of Nigeria's Akwa Ibom state after an oil leak started by an unknown cause, the company's local unit said on Saturday.

Exxon (>> Exxon Mobil Corporation) has shut a pipeline off the coast of Nigeria's Akwa Ibom state after an oil leak started by an unknown cause, the company's local unit said on Saturday.

The U.S. major's outage will add to production problems in Africa's biggest crude exporter, after fellow oil majors Shell <RDSa.L> and Eni (>> Eni SpA) reported recent disruptions at onshore sites due to Nigeria's worst flooding in 50 years.

"(Exxon Nigeria) confirms that on November 9 an oil release occurred offshore Akwa Ibom State," Mobil Producing Nigeria, a joint venture between Exxon and the state oil firm, said in an emailed statement.

"The source of the leak was identified and the pipeline was isolated and shutdown." The company said it was investigating the cause of the leak but didn't give any details on the amount of oil production lost.

There was an oil spill in August near an Exxon facility that residents said left a slick running for miles along the coastline of Akwa Ibom. Exxon said it cleared up the spill but didn't confirm the source of the leak.

Italian oil firm Eni said on Friday it had declared force majeure on Brass River oil loadings from Nigeria due to floods, which have submerged part of the southern oil-producing Niger Delta in recent weeks.

Flooding combined with oil theft, prompted Shell to declare force majeure on two other large Nigerian oil streams, Bonny Light and Forcados, in late October.

Oil spills are common in Nigeria's onshore Niger Delta due to widespread theft by oil gangs tapping into pipelines and the poor maintenance of some ageing infrastructure.

But offshore spills are less common. Last December, an accident at Shell's offshore Bonga facility spilled an estimated 40,000 barrels, one of the largest in Nigeria's history.

Nigerian regulators told parliament in July that Shell should be fined $5 billion for environmental damaged caused by the spill but the company has said there is no legal basis for the fine.

(Writing by Joe Brock; Editing by Toby Chopra)

By Joe Brock

Stocks treated in this article : Eni SpA, TOTAL, Exxon Mobil Corporation
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EXXON MOBIL CORPORATION
11/23 EXXON MOBIL : Most Improved Profit
11/23 Eastern Canadian Producers to Offer as Many as 10 January Crude Cargoes
11/22 Exclusive - Iraq looks to Kuwait gas pipeline to pay off reparations
11/22 EXXON MOBIL : Guyana Seeks Offshore Oil Wealth in a Green Economy
11/20 EXXON MOBIL : ExxonMobil Cyprus to Challenge Cyprus Competition Commission Decis..
11/20 EXXON MOBIL : ExxonMobil Foundation president stresses need for corporate body's..
11/18 EXXON MOBIL : ExxonMobil to Increase Production from Offshore Abu Dhabi
11/18 CONOCOPHILLIPS : Santos rejects Harbour Energy`s US$7.2bn takeover offer
11/17 Oil giants unlikely to share coal’s fate in the short term
11/17 INPEX : Abu Dhabi National Oil Company - Upper Zakum Field Production Capacity t..
More news
News from SeekingAlpha
11/22 Exxon evacuates staff from Papua New Guinea LNG project due to unrest
11/22 Exxon, Shell, BP to team up to cut emissions from nat gas production
11/22 Mystery Stocks Revealed In My 88 Stock Portfolio Along With 2018 Income Estim..
11/21 WSJ : Growing gas glut threatens west Texas oil boom
11/21 USO : Expect Rallies In Oil
Financials ($)
Sales 2017 263 B
EBIT 2017 22 151 M
Net income 2017 15 435 M
Debt 2017 37 787 M
Yield 2017 3,77%
P/E ratio 2017 22,24
P/E ratio 2018 19,21
EV / Sales 2017 1,45x
EV / Sales 2018 1,31x
Capitalization 344 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
TrendsBearishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 24
Average target price 83,4 $
Spread / Average Target 2,8%
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 CORPORATION-10.15%343 629
BP-2.31%130 440
CHINA PETROLEUM & CHEMICAL CORP10.91%108 417
RELIANCE INDUSTRIES LIMITED72.49%90 993
SAUDI BASIC INDUSTRIES CORPORATION SJSC--.--%79 440
SUNCOR ENERGY INC.1.08%58 621