{"id":27999,"date":"2014-08-12T09:46:56","date_gmt":"2014-08-12T13:46:56","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=27999"},"modified":"2014-08-12T09:46:56","modified_gmt":"2014-08-12T13:46:56","slug":"exxon-mobil-corporation-nysexom-2014-significant-developments-and-financial-results-update","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/exxon-mobil-corporation-nysexom-2014-significant-developments-and-financial-results-update-27999","title":{"rendered":"Exxon Mobil Corporation (NYSE:XOM): 2014 Significant Developments and Financial Results Update"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 08\/12\/2014 (wallstreetpr) \u2013 Arguably America\u2019s most-powerful company in the world\u2019s map with operations and assets widely spread, <b>Exxon Mobil Corporation (NYSE:XOM)<\/b>, continues to enjoy a mix of fortune in the industry at the back of the ongoing standoff in Russia where it has a huge partnership with Rosneft. Drilling continues to form the key operations of the company, having acquired a total of <a href=\"http:\/\/finance.yahoo.com\/news\/must-know-exxonmobil-significant-developments-210007392.html\" target=\"_blank\">26,000<\/a> acres in the midland basin. The acquisition of the basin is expected to increase its oil and gas production capacity going forward.<\/p>\n<p style=\"text-align: justify;\"><b>ExxonMobil\u2019s Key Development Activities<\/b><\/p>\n<p style=\"text-align: justify;\">The Midland basin currently commands production capacity of about 2,000 having been acquired&#8217; from Linn Energy. Exxon Mobil Corporation (NYSE:XOM) has also stated that its asset base in Permian now totals approximately 1.5 million acres. The giant oil and gas company has also been on a rampage in terms of LNG exports having made its first shipment of the same from PNG and LNG projects ahead of the expected date.<\/p>\n<p style=\"text-align: justify;\">The PNG LNG projects are expected to produce up to 9-trillion cubic feet gas for the next 30 years. Exxon Mobil\u2019s main customers for the project include <b>China Petroleum &amp; Chemical Corp (ADR) (NYSE:SNP)<\/b> as well as Tokyo Electric Power Co Inc. and Osaka Gas Co. Ltd. A subsidiary of XOM Exxon Mobil Chemical Company has already begun construction of an ethane cracker as well as premium product facility in Texas. The facility is expected to have a capacity of up to 1.5 million tonnes per year, providing ethylene feedstock for downstream chemical processing production.<\/p>\n<p style=\"text-align: justify;\"><b>Exxon 2014 Results<\/b><\/p>\n<p style=\"text-align: justify;\">Exxon Mobil Corporation (NYSE:XOM) has seen its earning from U.S upstream <a href=\"http:\/\/finance.yahoo.com\/news\/overview-exxonmobil-2q14-results-130020646.html\">increase<\/a> by 9% this year, clocking in at $1.2 billion against $.1.1 billion reported last year. Earnings from downstream U.S operations have also more than doubled to $538 million from $248 million although earnings from non-U.S operations continue to improve at a slower than expected rate of 18%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 08\/12\/2014 (wallstreetpr) \u2013 Arguably America\u2019s most-powerful company in the world\u2019s map with operations and assets widely spread, Exxon Mobil Corporation (NYSE:XOM), continues to [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":19050,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[7818,7817,3381,1991,7819,696],"stock_ticker":[],"class_list":["post-27999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-china-petroleum-chemical-corp-adr","tag-china-petroleum-chemical-corp-adr-nysesnp","tag-exxon-mobil-corporation","tag-exxon-mobil-corporation-nysexom","tag-nysesnp","tag-nysexom","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exxon Mobil Corporation (NYSE:XOM): 2014 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