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

MarketScreener Homepage  >  Equities  >  Nyse  >  Exxon Mobil Corporation    XOM

EXXON MOBIL CORPORATION (XOM)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsTweetsMarketScreener Strategies

Exxon Mobil : eyes upgrading UK refinery for more than $650 million

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/11/2018 | 05:47pm CET
FILE PHOTO: The logo of Exxon Mobil Corporation is shown on a monitor above the floor of the New York Stock Exchange in New York

(Reuters) - Exxon Mobil Corp is planning to spend more than 500 million pounds to upgrade the UK's largest oil refinery, Fawley, on England's south coast, a spokesman said on Tuesday.

The project at the 270,000 barrel per day refinery - representing a fifth of British refining capacity - still needs a final investment decision which is not expected before the second quarter of next year, Exxon said.

The planned upgrade, which would include building a new hydrotreater and a new hydrogen plant, would reduce Britain's reliance on diesel imports.

"ExxonMobil is considering significant upgrades at its Fawley site to help meet demand in the UK market for high quality fuels," Exxon said in a statement.

"If approved, the project, which is expected to involve an investment of hundreds of millions of pounds, will ... allow the site to process a wider selection of crude oils, and will help secure future employment for 1,000 employees at the site."

A spokesman confirmed a report in the Financial Times that the investment, if finalised, would amount to more than 500 million pounds.

The upgrade will allow the refinery to refine heavier, sourer barrels into ultra-low sulphur diesel, the FT reported.

(Reporting by Debroop Roy in Bengaluru and Shadia Nasralla in London; Editing by Shounak Dasgupta and David Evans)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on EXXON MOBIL CORPORATION
07:25pEXXON MOBIL : Turkey warns ExxonMobil against drilling with Greek Cypriots
AQ
04:52pEXXON MOBIL : Turkey warns companies against energy exploration with Greek Cypri..
RE
04:34aEXXON MOBIL : QU ExxonMobil Teachers Academy from November 19
AQ
04:33aEXXON MOBIL : Optimism over gas drilling, but it’s the sharing that counts
AQ
11/17EXXON MOBIL : ExxonMobil begins drilling as US hails `promise` of East Med
AQ
11/17EXXON MOBIL : ExxonMobil Vessel Begins Drilling Off Cyprus
AQ
11/17EXXON MOBIL : Total signs MoU with Papua New Guinea for LNG project
AQ
11/17EXXON MOBIL : PNG paves way towards new natural gas project
AQ
11/16EXXON MOBIL : US supports Cyprus’ right to develop its natural wealth
AQ
11/16ENERGY : US happy to be active in Cyprus gas exploration despite Turkish threats
AQ
More news
News from SeekingAlpha
10:26aPaint It Black (Stocks To Watch Podcast) 
11/17STOCKS TO WATCH : Paint It Black 
11/175% Income Strategy For 2019 And Beyond 
11/16Total-led Papua LNG signs MoU for $13B expansion plan 
11/15Can Bitumen 'Pucks' Save Canada's Oil Sands Producers? 
Financials ($)
Sales 2018 322 B
EBIT 2018 32 061 M
Net income 2018 20 594 M
Debt 2018 33 140 M
Yield 2018 4,09%
P/E ratio 2018 16,38
P/E ratio 2019 13,45
EV / Sales 2018 1,14x
EV / Sales 2019 1,04x
Capitalization 334 B
Chart EXXON MOBIL CORPORATION
Duration : Period :
Exxon Mobil Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EXXON MOBIL CORPORATION
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 23
Average target price 89,5 $
Spread / Average Target 13%
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-6.52%334 301
BP0.42%134 516
CHINA PETROLEUM & CHEMICAL CORP-1.31%105 126
RELIANCE INDUSTRIES22.27%99 286
SUNCOR ENERGY INC.-5.35%53 697
MARATHON PETROLEUM CORPORATION-0.82%45 209