Exxon Mobil Corporation

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Exxon Mobil: Ready To Roll - Exxon Mobil Corporation (NYSE:XOM)

XOM

Dividend investors should add energy exposure in XOM given the current macro climate. But what must be remembered is that this is the type of scenario that creates opportunities -- and if you are a dividend investor looking to add energy exposure in the current macro climate, you could do a lot worse than XOM. We are already starting to see this in the Energy Select Sector SPDR ETF (XLE), and we expect the lagging activity in XOM to result in similar breakouts in 2018. In the graphic above, we can see that the energy sector is in the supreme position with respect to its ability to capitalize on the broad weakness that is now being seen in the US dollar. The stock is trading at a 28.8 PE, which is still below that of central competitor Chevron (CVX) at 38, so we are viewing XOM as the primary vehicle through which dividend investors should play for the eventual rebound in energy prices.

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seekingalpha.com
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Exxon's Beaumont, Texas refinery coker to run at reduced rates: sources

XOM

Two drums of the eight-drum, 45,000 bpd coker are filled with petroleum coke sludge and need to be cleaned before they can resume output, the sources said. (Reuters) - The delayed coking unit at Exxon Mobil Corp's 362,300 barrel per day (bpd) Beaumont, Texas, refinery will at best run at reduced production levels for up to a month, sources familiar with plant operations said on Friday. To make petroleum coke, residual crude is spun at high speed under high temperature in long drums. Cokers convert residual crude into motor fuel feedstocks or petroleum coke, which can be used as a coal substitute.

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reuters.com
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Exxon Mobil Corporation (XOM) Closes 0.04% Up on the Day for September 22

XOM

Exxon Mobil Corporation is a Produces, transports & sells oil and natural gas. Exxon Mobil Corp is an integrated oil and gas company. For more news on the financial markets and emerging growth companies, be sure to visit Equities. The Dow Jones Industrial Average is the oldest and most-often cited stock market index for the American equities market.

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equities.com
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The Best Investment Since 1926? Apple

XOM AAPL

Only 4 percent of all publicly traded stocks account for all of the net wealth earned by investors in the stock market since 1926, he has found. (Note that, as a technical matter, Professor Bessembinder defines net wealth creation as total stock returns in excess of one-month Treasury bill returns, which averaged an annualized 3.38 percent, so the actual stock returns for Apple, Exxon, and the others are even higher than indicated. Although it hasn’t been in existence long compared with Exxon Mobil, its annualized return is the highest in the list, 37.4 percent through December. No list of wealth-generating companies is complete without Berkshire Hathaway.

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nytimes.com
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How Exxon Mobil May Soon Have Greater Sway Over Science Used in EPA Policies

XOM

Exxon Mobil may soon have a greater hand in shaping the science used to develop major environmental regulations. Exxon Mobil and other industrial concerns voiced opposition to the science used to address ozone pollution under the Obama administration. Another bill, the EPA Science Advisory Board Reform Act, allows industry representatives to serve on the SAB and other scientific research panels without receiving a special waiver. The EPA’s scientific advisory boards have attracted criticism in the past for the inclusion of scientists who work at foundations or projects associated with regulated industries.

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theintercept.com
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Exxon Mobil Corporation (XOM) Closes 0.82% Down on the Day for September 21

XOM

Exxon Mobil Corporation is a Produces, transports & sells oil and natural gas. Exxon Mobil Corp is an integrated oil and gas company. For more news on the financial markets and emerging growth companies, be sure to visit Equities. The Dow Jones Industrial Average is the oldest and most-often cited stock market index for the American equities market.

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equities.com
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Exxon Baytown Beaumont refineries back in line at reduced rates

XOM

Refined-product pipelines in the Gulf area and other regions of Texas have restarted, and offshore production platforms in the Gulf have resumed normal operations, Exxon said. Exxon Mobil Corp. xom-0.82% said Thursday its Baytown and Beaumont refineries in the U.S. Gulf Coast have begun producing fuels at a reduced rate, as their recovery from Hurricane Harvey continued. Exxon shares fell 0.9%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.

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Zacks Market Edge Highlights: Exxon, Chevron, Halliburton, RPC and Pioneer Natural Resources

XOM HAL

Tracey and Sheraz have covered the energy market, and specifically the oil stocks, several times over the last 2 years on the podcast. In this episode, Tracey is joined by Sheraz Mian, Zacks Director of Research, who is also a former oil analyst. Get the full Report on PXD - FREE. Get the full Report on XOM - FREE.

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Anadarko Gets It. Does OPEC?

XOM

This says a lot about Anadarko but also the whole E&P sector. In an attempt to get out of the doghouse, Anadarko has sold assets and now has $6 billion in the bank. Yet it probably wouldn't take much to change that. Net-net, this should be positive for investors -- and for oil prices.

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bloomberg.com
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Baystreet.ca - Is Big Oil Going Green?

XOM FP +3 more XOM FP RDSA CVX RDSB

In recent years, however, Big Oil has reduced its greenhouse gas emissions, in what may come as a surprising fact about the dirtiest industry globally. The biggest oil and gas companies in the world have come under pressure from shareholders to disclose their emissions and vulnerability to climate change and climate policies. According to the Carbon Majors Report, all five oil supermajors contribute a lot to global greenhouse gas emissions. “This is a reflection of growing pressure from shareholders, investor groups and civil society for more disclosure of greenhouse gas emissions, as well as setting reduction targets… There’s also an evident trend of increased emissions disclosure among many of the biggest companies.

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California cities sue big oil firms over climate change, Energy News, ET EnergyWorld

XOM RDSA +3 more XOM RDSA RDSB COP BP

According to a news release from San Francisco city officials, the lawsuits mirror 1980s-era lawsuits against tobacco companies. Shell said in statement the issue should be addressed by government policy and cultural change, not by courts. The cases are People of the State of California V. BP et al. CGC 17-561370, and People of the State of California V. BP et al.

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San Francisco, Oakland sue oil firms alleging climate change costs Yahoo7 News

XOM

(Reuters) - California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, according to public documents. Marin and San Mateo counties and Imperial Beach, California, in July brought similar public nuisance and failure to warn lawsuits alleging climate change impacts. ''Skinhead, neo-Nazi': Heavily tattooed man booted from restaurant. Residents on the coast and near Mount Agung volcano are on alert after the 5.7 magnitude earthquake struck.

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California cities sue big oil firms over climate change

XOM

(Reuters) - California cities San Francisco and Oakland filed separate lawsuits against five oil companies on Wednesday seeking billions of dollars to protect against rising sea levels they blamed on climate change, according to public documents. The lawsuits, filed in state courts in San Francisco and Alameda Counties, alleged Chevron Corp, ConocoPhillips, Exxon Mobil Corp, BP Plc, and Royal Dutch Shell Plc, created a public nuisance and asked for funds to finance infrastructure to deal with rising sea levels. The cases are People of the State of California V. BP et al. CGC 17-561370, and People of the State of California V. BP et al.

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reuters.com
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IRS Defends Response In Exxon $1.35B Refund Case

XOM

IRS Defends Response In Exxon $1.35B Refund Case The Internal Revenue Service on Tuesday hit back at ExxonMobil’s contention that it is taking too long to respond to the oil giant's request to recover administrative penalties it paid after seeking $1.35 billion in tax refunds, for which it later sued, telling a Texas federal court the clock hasn’t yet wound down on the agency’s administrative process. Exxon Mobil Corp. earlier this month asked for permission to file a supplemental complaint in a refund lawsuit it launched in October 2016. In the initial complaint, Exxon sought...

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law360.com
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